XML 90 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
ORGANIZATION AND NATURE OF OPERATIONS, BASIS OF PRESENTATION, AND RECLASSIFICATIONS (Policies)
6 Months Ended
May 31, 2013
Accounting Policies [Abstract]  
Basis of Accounting, Policy [Policy Text Block]
BASIS OF PRESENTATION
 
The accompanying unaudited condensed consolidated financial statements and related notes of MultiCell and its subsidiaries have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial statements. Accordingly, they do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of management, all adjustments consisting of normal recurring adjustments considered necessary for a fair presentation have been included. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended November 30, 2012, previously filed with the SEC. The results of operations for the three-month and six-month periods ended May 31, 2013, are not necessarily indicative of the operating results for the fiscal year ending November 30, 2013. The condensed consolidated balance sheet as of November 30, 2012, has been derived from the Company’s audited consolidated financial statements.
Reclassification, Policy [Policy Text Block]
RECLASSIFICATIONS
 
Certain amounts of operating expenses from the condensed consolidated statement of operations for the three months and the six months ended May 31, 2012, have been reclassified in the current presentation to conform to the presentation of operating expenses for the three months and six months ended May 31, 2013. These reclassifications had no effect on the total amount of operating expenses, on the amount of net loss, or on the basic and diluted loss per common share for the three months and the six months ended May 31, 2012.