Consolidated Statements of Operations and Comprehensive loss (USD $)
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12 Months Ended | |
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Nov. 30, 2014
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Nov. 30, 2013
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SALES | $ 42,480us-gaap_SalesRevenueNet | $ 30,096us-gaap_SalesRevenueNet |
COST OF SALES | (27,323)us-gaap_CostOfRevenue | (17,379)us-gaap_CostOfRevenue |
GROSS PROFIT | 15,157us-gaap_GrossProfit | 12,717us-gaap_GrossProfit |
EXPENSES: | ||
Depreciation | 45,586us-gaap_DepreciationAndAmortization | 38,130us-gaap_DepreciationAndAmortization |
General and administration | 2,624,488us-gaap_GeneralAndAdministrativeExpense | 1,698,523us-gaap_GeneralAndAdministrativeExpense |
TOTAL OPERATING EXPENSES | 2,670,074us-gaap_OperatingExpenses | 1,736,653us-gaap_OperatingExpenses |
LOSS FROM OPERATIONS | (2,654,917)us-gaap_OperatingIncomeLoss | (1,723,936)us-gaap_OperatingIncomeLoss |
Other expense-Interest | (73,540)us-gaap_OtherNonoperatingExpense | (651,502)us-gaap_OtherNonoperatingExpense |
Other Income-Derivative financial instrument | 0us-gaap_DerivativeGainLossOnDerivativeNet | 349,532us-gaap_DerivativeGainLossOnDerivativeNet |
Other Income-Interest | 6,045us-gaap_OtherNonoperatingIncome | 1,695us-gaap_OtherNonoperatingIncome |
LOSS BEFORE INCOME TAXES | (2,722,412)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | (2,024,211)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
Income taxes | 0us-gaap_IncomeTaxExpenseBenefit | 0us-gaap_IncomeTaxExpenseBenefit |
NET LOSS | (2,722,412)us-gaap_NetIncomeLoss | (2,024,211)us-gaap_NetIncomeLoss |
Foreign exchange translation adjustment for the year | (31,706)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent | 0us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent |
COMPREHENSIVE LOSS | $ (2,754,118)us-gaap_ComprehensiveIncomeNetOfTax | $ (2,024,211)us-gaap_ComprehensiveIncomeNetOfTax |
Loss per share - basic and diluted | $ (0.06)us-gaap_EarningsPerShareBasicAndDiluted | $ (0.06)us-gaap_EarningsPerShareBasicAndDiluted |
Weighted average number of common shares outstanding during the year | 46,868,052us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 36,565,840us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
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- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of other expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating expense recognized during the period. Such amounts may include: (a) unusual costs, (b) loss on foreign exchange transactions, (c) losses on securities (net of profits), and (d) miscellaneous other expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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