|
STOCK BASED COMPENSATION (Tables)
|
12 Months Ended |
|
Nov. 30, 2014
|
Nov. 30, 2013
|
| Schedule of Share-based Compensation and Assumptions as of March 19, 2014 [Table Text Block] |
| |
Risk free rate |
|
2.00%
|
|
| |
Expected dividends |
|
0%
|
|
| |
Forfeiture rate |
|
0%
|
|
| |
Volatility |
|
151.63%
|
|
| |
Market price of Company’s common stock on date of grant of options |
$ |
0.16
|
|
| |
Stock-based compensation cost |
$ |
47,897
|
|
|
|
| Schedule of Share-based Compensation and Assumptions as of May 9, 2014 [Table Text Block] |
| |
Risk free rate |
|
2.00%
|
|
| |
Expected dividends |
|
0%
|
|
| |
Forfeiture rate |
|
0%
|
|
| |
Volatility |
|
205.42%
|
|
| |
Market price of Company’s common stock on date of grant of options |
$ |
0.24
|
|
| |
Stock-based compensation cost |
$ |
140,573
|
|
|
|
| Schedule of Share-based Compensation and Assumptions as of July 25, 2014 [Table Text Block] |
| |
Risk free rate |
|
2.00%
|
|
| |
Expected dividends |
|
0%
|
|
| |
Forfeiture rate |
|
0%
|
|
| |
Volatility |
|
152.35%
|
|
| |
Market price of Company’s common stock on date of grant of options |
$ |
0.28
|
|
| |
Stock-based compensation cost |
$ |
33,952
|
|
|
|
| Schedule of Share-based Compensation and Assumptions as of September 11, 2014 [Table Text Block] |
| |
Risk free rate |
|
2.00%
|
|
| |
Expected dividends |
|
0%
|
|
| |
Forfeiture rate |
|
0%
|
|
| |
Volatility |
|
170.42%
|
|
| |
Market price of Company’s common stock on date of grant of options |
$ |
0.30
|
|
| |
Stock-based compensation cost |
$ |
529,188
|
|
|
|
| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
| |
|
|
Number of options |
|
| |
|
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
|
| |
Outstanding, beginning of year |
|
1,510,000
|
|
|
1,660,000
|
|
| |
Granted |
|
3,025,000
|
|
|
-
|
|
| |
Expired |
|
(125,000
|
) |
|
(150,000
|
) |
| |
Exercised |
|
(50,000
|
) |
|
-
|
|
| |
Forfeited |
|
(1,000,000
|
) |
|
-
|
|
| |
Cancelled |
|
-
|
|
|
-
|
|
| |
Outstanding, end of year |
|
3,360,000
|
|
|
1,510,000
|
|
| |
Exercisable, end of year |
|
3,360,000
|
|
|
1,510,000
|
|
|
|
| Schedule of Share-based Compensation, Stock Options [Table Text Block] |
| |
|
|
Option price |
|
|
Number of |
|
| |
|
|
|
|
|
options |
|
| |
Expiry date
|
|
per share |
|
|
2014 |
|
| |
June 15, 2015 |
$ |
0.20
|
|
|
35,000
|
|
| |
October 2, 2015 |
$ |
0.42
|
|
|
200,000
|
|
| |
October 25, 2016 |
$ |
0.45
|
|
|
100,000
|
|
| |
March 18, 2017 |
$ |
0.31
|
|
|
400,000
|
|
| |
August 5, 2017 |
$ |
0.32
|
|
|
150,000
|
|
| |
May 18, 2019 |
$ |
0.32
|
|
|
600,000
|
|
| |
September 10, 2019 |
$ |
0.36
|
|
|
1,875,000
|
|
| |
|
|
|
|
|
|
|
| |
TOTAL |
|
|
|
|
3,360,000
|
|
| |
|
|
|
|
|
|
|
| |
Weighted average exercise price: |
|
|
|
|
|
|
| |
Options outstanding at end of year |
|
|
|
$ |
0.35
|
|
| |
Options granted during the year |
|
|
|
|
0.34
|
|
| |
Options exercised during the year |
|
|
|
|
0.25
|
|
| |
Options expired during the year |
|
|
|
|
0.25
|
|
| |
Options forfeited/cancelled during the year |
|
|
|
|
0.45
|
|
|
| |
|
|
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 forfeited/cancelled during the year |
|
|
|
$ |
-
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award, Remaining Contractual Term, Outstanding and Exercisable [Table Text Block] |
| |
|
|
2014 |
|
|
2013 |
|
| |
|
|
(Years) |
|
|
(Years) |
|
| |
Total outstanding options |
|
4.0
|
|
|
2.6
|
|
| |
Total exercisable options |
|
4.0
|
|
|
2.6
|
|
|
|