General form of registration statement for all companies including face-amount certificate companies

STOCK BASED COMPENSATION (Tables)

v2.4.0.6
STOCK BASED COMPENSATION (Tables)
3 Months Ended 12 Months Ended
Feb. 28, 2013
Nov. 30, 2012
Nov. 30, 2011
Schedule of Share-based Compensation and Assumptions as of January 4, 2012 [Table Text Block]
  Risk free rate   2.00%  
  Expected dividends   0%  
  Forfeiture rate   0%  
  Volatility   206.87%  
  Market price of Company’s common stock on date of grant of options $ 0.13  
  Stock-based compensation cost $ 113,292  
Risk free rate 2.00%
Expected dividends 0%
Forfeiture rate 0%
Volatility 206.87%
Market price of Company’s common stock on date of grant of options $0.13
Stock-based compensation cost $113,292
 
Schedule of Share-based Compensation and Assumptions as of October 3, 2012 [Table Text Block]
  Risk free rate   1.50%  
  Expected dividends   0%  
  Forfeiture rate   0%  
  Volatility   199.60%  
  Market price of Company’s common stock on date of grant of options $ 0.42  
  Stock-based compensation cost $ 77,096  
Risk free rate   1.50%
Expected dividends   0%
Forfeiture rate   0%
Volatility   199.60%
Market price of Company’s common stock on date of grant of options $ 0.42
Stock-based compensation cost $ 77,096
 
Schedule of Share-based Compensation and Assumptions as of October 26, 2012 [Table Text Block]
  Risk free rate   1.65%  
  Expected dividends   0%  
  Forfeiture rate   0%  
  Volatility   217.15%  
  Market price of Company’s common stock on date of grant of options $ 0.50  
  Stock-based compensation cost $ 534,905  
Risk free rate 1.65%
Expected dividends 0%
Forfeiture rate 0%
Volatility 217.15%
Market price of Company’s common stock on date of grant of options $0.50
Stock-based compensation cost $534,905
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]  
    Number of shares  
    2012     2011  
             
Outstanding, beginning of year   1,450,000     1,450,000  
Granted   2,205,000     -  
Expired   (40,000 )   -  
Exercised   -     -  
Forfeited   -     -  
Cancelled*   (1,955,000 )   -  
Outstanding, end of year   1,660,000     1,450,000  
Exercisable, end of year   1,660,000     1,450,000  
 
Schedule of Share-based Compensation, Stock Options [Table Text Block]  
      Option price     Number of shares  
    Expiry date   per share     2012  
   April 11, 2013 $   0.50     150,000  
   June 30, 2014 $   0.25     175,000  
   June 15, 2015 $   0.20     35,000  
   October 2, 2015 $   0.42     200,000  
   October 25, 2016 $   0.45     1,100,000  
               
               
   TOTAL         1,660,000  
               
  Weighted average exercise price:            
  Options outstanding at end of year $       0.42  
  Options granted during the year         0.32  
  Options exercised during the year         -  
  Options expired during the year         0.50  
  Options cancelled during the year         0.19  
               
      Option price     Number of shares  
    Expiry date   per share     2011  
   January 29, 2012 $   0.50     40,000  
   April 11, 2013 $   0.50     150,000  
   June 30, 2014 $   0.25     1,025,000  
   June 15, 2015 $   0.20     100,000  
   September 30, 2015 $   0.20     135,000  
               
   TOTAL         1,450,000  
               
     Weighted average exercise price:            
     Options outstanding at end of year       $   0.27  
     Options granted during the year       $   -  
     Options exercised during the year       $   -  
     Options expired during the year       $   -  
     Options cancelled during the year       $   -  
Share-based Compensation Arrangement by Share-based Payment Award, Remaining Contractual Term, Outstanding and Exercisable [Table Text Block]  
  2012 2011
  (Years) (Years)
Total outstanding options 3.2 2.6
Total exercisable options 3.2 2.6