Income Statement

v3.19.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Aug. 31, 2016
Aug. 31, 2015
Aug. 31, 2016
Aug. 31, 2015
Income Statement [Abstract]        
Revenue - related party $ 160,000 $ 160,000 $ 34,017
Revenue 5,438 169 5,438 4,814
Total Revenue 165,438 169 165,438 38,831
Cost of revenue (258) (29,550)
Gross profit 165,438 (89) 165,438 9,281
Operating expenses:        
General and administrative expenses 207,689 488,466 579,685 1,057,315
Total operating expenses 207,689 488,466 579,685 1,057,315
Loss from operations (42,251) (488,555) (414,247) (1,048,034)
Other income (expense):        
Interest income 51,019 6,074 99,727 6,074
Interest expense, including default penalties (59,119) (28,208) (251,789) (39,063)
Interest expense - accretion of debt discount (77,401) (164,685) (336,269) (248,863)
Excess interest on issuance of convertible debt (7,614) (55,093) (78,675) (356,402)
Loss on conversion of convertible debt (154,694)
Change in fair value of bifurcated derivatives and warrant liabilities 451,586 (2,968) 461,792 179,808
Total other income (expense), net 358,471 (244,880) (259,908) (458,446)
Net income (loss) available to common shareholders $ 316,220 $ (733,435) $ (674,155) $ (1,506,480)
Basic net income (loss) per share (in dollars per share) $ 0.05 $ (0.13) $ (0.10) $ (0.28)
Diluted net income (loss) per share (in dollars per share) $ 0.00 $ (0.13) $ (0.10) $ (0.28)
Weighted average shares outstanding, (in shares)        
Basic (in shares) 6,942,254 5,651,549 6,834,020 5,442,147
Diluted (in shares) 18,929,825 5,651,549 6,834,020 5,442,147

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