Annual report pursuant to Section 13 and 15(d)

STOCK BASED COMPENSATION (Tables)

v2.4.1.9
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