Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v2.4.0.8
Balance Sheets (USD $)
Nov. 30, 2013
Nov. 30, 2012
CURRENT    
Cash and cash equivalent $ 1,842,149 $ 232,471
Accounts Receivable 20,351 0
Deferred costs 0 32,500
Prepaid expenses and other receivables 45,372 7,200
Total Current Assets 1,907,872 272,171
Plant and Equipment 152,137 145,048
TOTAL ASSETS 2,060,009 417,219
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 106,529 150,368
Total Current Liabilities 106,529 150,368
Convertible Debentures 0 1,192,639
Total Liabilities 106,529 1,343,007
STOCKHOLDERS' EQUITY (DEFICIT)    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, Nil issued and outstanding (2012 - nil). The provisions in the Articles of Incorporation allow the directors to issue preferred stock with multiple votes per share and dividend rights, which would have priority over any dividends paid with respect to the holders of Company's common stock. 0 0
Common stock, $0.001 par value 100,000,000 shares authorized (2012: 50,000,000), 46,849,285 issued and outstanding (2012:31,472,433) 46,849 31,472
Additional Paid-In Capital 23,226,988 18,338,886
Deficit Accumulated During the Development Stage (21,320,357) (19,296,146)
Total Stockholders' Equity (Deficit) 1,953,480 (925,788)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 2,060,009 $ 417,219