|
STOCK BASED COMPENSATION (Tables)
|
12 Months Ended |
|
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
|
|
|
| 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 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
|
|
|