Net Income (Loss) Per Common Share

3 Months Ended

Aug. 31, 2012

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

Note 5 – Net Income (Loss) Per Common Share

Basic net income (loss) per share is computed by dividing net income available to common stockholders (numerator) by the weighted average number of vested, unrestricted common shares outstanding during the period (denominator). Diluted net income per share is computed on the basis of the weighted average number of shares of common stock outstanding plus the effect of dilutive potential common shares outstanding during the period using the if-converted method. Dilutive potential common shares include shares issuable upon exercise of outstanding stock options, warrants and convertible debt agreements.

		Nine Months Ended		Nine Months Ended			Three Months Ended			Three Months Ended
		Aug. 31, 2012		Aug. 31, 2011			Aug. 31, 2012			Aug. 31, 2011
Net income (loss) – numerator basic	$	3,605,697	$	(3,648,425	)	$	(779,801	)		$ (1,485,544)
Interest expense attributable to convertible notes, net		996,319		—			—			—
Net income (loss) plus interest expense attributable to convertible notes, net – numerator diluted	$	4,602,016	$	(3,648,425	)	$	(779,801	)	$	(1,485,544	)
Weighted average common shares outstanding – denominator basic		142,897,663		29,980,893			167,563,679			54,427,094
Effect of dilutive securities		121,185,921		—			—			—
Weighted average dilutive common shares outstanding – denominator diluted		264,083,584		29,980,893			167,563,679			54,427,094
Earnings (loss) per common share – basic	$	0.03	$	(0.12	)	$	(0.00	)	$	(0.03	)
Earnings (loss) per common share – diluted	$	0.02	$	(0.12	)	$	(0.00	)	$	(0.03	)

Approximately 10,165,000 and 176,868,000 shares of common stock issuable upon the exercise of our outstanding stock options, warrants or convertible debt were excluded from the calculation of net income (loss) per share for the nine-month and three-month periods ended August 31, 2012 because the effect would be anti-dilutive. Approximately 10,420,000 shares of common stock issuable upon the exercise of our outstanding stock options, warrants or convertible debt were excluded from the calculation of net income (loss) per share for the nine-month and three-month periods ended August 31, 2011 because the effect would be anti-dilutive.