XML 54 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Debt (Tables)
12 Months Ended
Nov. 30, 2012
Debt [Abstract]  
Components of long term debt and capital lease obligations
 
 
Principal lender:
 
2012
   
2011
   
Interest Rate
 
                   
Note dated November 30, 2005
  $ 986,271     $ 2,080,349       5.25 %(1)
Note dated May 31, 2006
    716,041       1,510,673       5.25 %(1)
Note dated September 28, 2007
    2,378,733       4,960,260       9.75 %(1)
Note dated May 28, 2008
    1,148,254       2,332,294       20.00 %(1)
Note dated October 29, 2008
    709,001       1,425,045       15.00 %(1)
Note date February 15, 2009
    402,797       812,531       20.00 %(1)
Note dated October 6, 2009
    3,802       7,835       5.25 %(1)
Note dated November, 2009
    23,179       48,600       5.25 %(1)
                         
Total principal lender debt
    6,368,078       13,177,587          
                         
Short-term borrowings
    1,068,867       1,203,274       0.00% - 24.00 %
Capital lease obligations
    7,545       32,100       12.00% - 17.38 %
Total short-term debt
    7,444,490       14,412,961          
Long-Term Debt
    358,614       314,355          
Total Debt
  $ 7,803,104     $ 14,727,316      
Components of short term borrowings and capital lease obligations
 
         
2012
   
2011
   
Interest Rate
 
                         
Demand noted payable to Chief Executive Officer
  a     $ 502,426     $ 477,730       12% - 24%  
                               
Other demand notes
  b       118,642       493,346    
0% to 12%
 
                               
Convertible notes
  c       447,799       232,198    
0% to 12%
 
                               
          $ 1,068,867     $ 1,203,274          
                               
Weighted average interest rate on short-term borrowings
          8.7 %     8.1 %