Principal Financing Arrangements (Tables)

3 Months Ended

Feb. 28, 2013

Principal Financing Arrangements [Abstract]

Components of long term debt and capital lease obligations

Principal lender:	Feb. 28, 2013		Nov. 30, 2012		Interest Rate

Note dated November 30, 2005	$	281,792	$	986,271		5.25	%(1)
Note dated May 31, 2006		204,583		716,041		5.25	%(1)
Note dated September 28, 2007		679,638		2,378,733		9.75	%(1)
Note dated May 28, 2008		328,072		1,148,254		20.00	%(1)
Note dated October 29, 2008		202,572		709,001		15.00	%(1)
Note date February 15, 2009		115,085		402,797		20.00	%(1)
Note dated October 6, 2009		1,086		3,802		5.25	%(1)
Note dated November, 2009		6,623		23,179		5.25	%(1)

Total principal lender debt		1,819,451		6,368,078

Short-term borrowings		939,418		1,068,867		0.00% - 24.00	%
Capital lease obligations		6,430		7,545		12.00% - 17.00	%

Total short-term debt		2,765,299		7,444,490
Long-term debt		2,027,142		358,614
Total	$	4,792,441	$	7,803,104

(1) Effective February 1, 2012, the interest rate to the principal lender was revised to 0%.

Components of short term borrowings and capital lease obligations

		February 28, 2013		November 30, 2012		Interest Rate

Demand notes payable to Chief Executive Officer	a)	$	513,092	$	502,426	12% - 24%

Other demand notes	b)		127,642		118,642	0% to 12%

Convertible notes	c)		298,684		447,799	0% to 12%

		$	939,418	$	1,068,867

a)	Demand notes payable to the Company’s Chief Executive Officer total $513,092 and $502,426, at February 28, 2013 and November 30, 2012, respectively, at annual interest rates of 12% and 24%.

Short-term borrowings at November 30, 2012 include three demand notes of $50,000, $18,000 and $18,000 at a zero percent interest rate and a past-due note of $32,642 that is in default at an annual interest rate of 14%. Short-term borrowings at February 28, 2013 include the above four notes and an additional demand note in the amount of $9,000.

Short-term borrowings at February 28, 2013 also include eight convertible notes (the “Convertible Notes”) at annual interest rates ranging from 0% to 8%, totaling $298,684. The Convertible Notes consist of five notes totaling $192,948 that we issued in exchange for cash payments to our Company, one note of $19,000 that we issued in exchange for services rendered, and two notes totaling $86,736 that we issued in exchange for existing non-convertible notes payable. Conversion features allow the holders of the Convertible Notes to convert into shares of our common stock at a discount to the trading price of our common stock, as defined, ranging from 38% to 55%. For a limited period of time before a conversion notice is submitted, the Company has the right to pre-pay some or all of the Convertible Notes at a 15% to 50% premium to the principal amount that is retired.

Short-term borrowings at November 30, 2012 also include eleven convertible notes (the “2012 Convertibles”) at annual interest rates ranging from 0% to 12%, totaling $447,799. The 2012 Convertibles consist of six notes totaling $239,499 that we issued in exchange for cash payments to our Company, one note of $19,000 that we issued in exchange for services rendered, and four notes totaling $189,300 that we issued in exchange for existing non-convertible notes payable. Conversion features allow the holders of the 2012 Convertibles to convert into shares of our common stock at a discount to the trading price of our common stock, as defined, ranging from 10% to 55%. For a limited period of time before a conversion notice is submitted, the Company has the right to pre-pay some or all of the 2012 Convertibles at a 15% to 50% premium to the principal amount that is retired.