Annual report pursuant to Section 13 and 15(d)

STOCK BASED COMPENSATION (Tables)

v2.4.0.8
STOCK BASED COMPENSATION (Tables)
12 Months Ended
Nov. 30, 2013
Nov. 30, 2012
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  
 
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  
         
 
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  
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
      Number of options  
      2013     2012  
               
  Outstanding, beginning of year   1,660,000     1,450,000  
  Granted   -     2,205,000  
  Expired   (150,000 )   (40,000 )
  Exercised   -     -  
  Forfeited   -     -  
  Cancelled/exchanged for warrants*   -     (1,955,000 )
  Outstanding, end of year   1,510,000     1,660,000  
  Exercisable, end of year   1,510,000     1,660,000  
 
Schedule of Share-based Compensation, Stock Options [Table Text Block]
      Option price     Number of options  
    Expiry date   per share     2013  
   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         1,510,000  
               
  Weighted average exercise price:            
  Options outstanding at end of year       $ 0.42  
  Options granted during the year         -  
  Options exercised during the year         -  
  Options expired during the year         0.50  
  Options cancelled during the year         -  
      Option price     Number of options  
  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  
Share-based Compensation Arrangement by Share-based Payment Award, Remaining Contractual Term, Outstanding and Exercisable [Table Text Block]
    2013 2012
    (Years) (Years)
  Total outstanding options 2.6 3.2
  Total exercisable options 2.6 3.2