Quarterly report pursuant to Section 13 or 15(d)

WARRANTS (Tables)

v3.10.0.1
WARRANTS (Tables)
6 Months Ended
May 31, 2016
Warrants  
Schedule of common stock warrants outstanding

The following table summarizes information about common stock warrants outstanding at May 31, 2016:

 

Outstanding       Exercisable
        Weighted            
    Average Weighted   Weighted
    Remaining Average   Average
Exercise Number Contractual Exercise Number Exercise
Price Outstanding Life (Years) Price Exercisable Price
$0.01   100,000   0.51   $0.01   100,000   $0.01
$0.30   75,000   2.64   $0.30   75,00   $0.30
$0.01 - $0.30   175,000   1.42   $0.13   175,000   $0.13

Schedule of weighted average assumptions

The following weighted average assumptions were used for grants during the six months ended May 31, 2016:

 

    May 31, 2016  
Weighted average risk-free interest rate     0.52%  
Weighted average life (in years)     2.0  
Volatility     167.9% — 184.9%  
Expected dividend yield     0%  
Weighted average grant-date fair value per
share of warrants granted
  $ 0.41