Income Statement

v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
May 31, 2016
May 31, 2015
May 31, 2016
May 31, 2015
Income Statement [Abstract]        
Revenue - related party $ 23,547 $ 33,848
Revenue 120 4,814
Total Revenue 23,667 38,662
Cost of revenue (20,758) (29,292)
Gross profit 2,909 9,370
Operating expenses:        
General and administrative expenses 196,225 313,005 371,995 499,835
Total operating expenses 196,225 313,005 371,995 499,835
Loss from operations (196,225) (310,096) (371,995) (490,465)
Other income (expense):        
Interest income 42,268 48,708
Interest expense, including penalties (109,351) (68,669) (192,671) (79,869)
Interest expense - debt discount (118,351) (84,178) (258,867) (84,178)
Loss on issuance of convertible debt (68,522) (301,309) (71,061) (301,309)
Loss on conversion of convertible debt 154,694
Change in fair value of bifurcated embedded conversion options and derivative warrant liabilities (231,937) 182,776 10,206 182,776
Total other expense, net (485,893) (271,380) (618,379) (282,580)
Net loss (682,118) (581,476) (990,374) (773,045)
Preferred dividends
Net loss available to common shareholders $ (682,118) $ (581,476) $ (990,374) $ (773,045)
Basic and diluted net loss per common share (in dollars per share) $ (0.10) $ (0.11) $ (0.15) $ (0.14)
Basic and diluted weighted average common shares outstanding (in shares) 6,842,254 5,451,384 6,680,701 5,336,296

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