Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.5.0.2
STOCK BASED COMPENSATION (Tables)
 6 Months Ended
May 31, 2016
Schedule of Share-based Compensation and Assumptions as of September 24, 2015 [Table Text Block]
 

Risk free rate

   2.00%  
 

Expected dividends

   0%  
 

Forfeiture rate

   0%  
 

Volatility

   17.29% to 134.39%  
 

Warrant modification expense

 $ 216,684  
Schedule of Share-based Compensation and Assumptions as of October 20, 2015 [Table Text Block]
 

Risk free rate

   2.00%  
 

Expected dividends

   0%  
 

Forfeiture rate

   0%  
 

Volatility

   134.39%  
 

Market price of Company’s common stock on date of grant of options

 $ 0.29  
 

Stock-based compensation cost

 $ 422,459