Annual report pursuant to Section 13 and 15(d)

Statements of Operations and Comprehensive loss

v2.4.0.8
Statements of Operations and Comprehensive loss (USD $)
12 Months Ended 105 Months Ended
Nov. 30, 2013
Nov. 30, 2012
Nov. 30, 2013
SALES $ 30,096 $ 0 $ 30,096
COST OF SALES (17,379) 0 (17,379)
GROSS PROFIT 12,717 0 12,717
EXPENSES:      
Research and Product Development cost (recovery) 0 (215,143) 7,473,781
Depreciation 38,130 20,585 99,074
General and administration 1,698,523 2,056,996 13,504,760
TOTAL OPERATING EXPENSES 1,736,653 1,862,438 21,077,615
LOSS FROM OPERATIONS (1,723,936) (1,862,438) (21,064,898)
Other expense-Interest (651,502) (157,500) (879,280)
Other Income-Derivative financial instrument 349,532 0 349,532
Other Income-Interest 1,695 0 274,289
LOSS BEFORE INCOME TAXES (2,024,211) (2,019,938) (21,320,357)
Income taxes 0 0 0
NET LOSS AND COMPREHENSIVE LOSS $ (2,024,211) $ (2,019,938) $ (21,320,357)
Loss per share - basic and diluted $ (0.06) $ (0.07)  
Weighted average number of common shares outstanding during the year 36,565,840 27,956,359