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SERIES B CONVERTIBLE PREFERRED STOCK (Tables)
9 Months Ended
Aug. 31, 2013
Series B Convertible Preferred Stock [Abstract]  
Fair Value, by Balance Sheet Grouping [Table Text Block]
The fair value of the conversion feature was estimated at $30,587 ($0.0011 per share of common stock) and $19,245 ($0.0012 per share of common stock) at August 31, 2013 and November 30, 2012, respectively, and has been estimated using the Black-Scholes option-pricing model using the following assumptions:
 
 
 
August 31,
2013
 
 
May 31,
2013
 
 
February 28,
2013
 
 
November 30,
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair value of common stock
 
$
0.0012
 
 
$
0.0014
 
 
$
0.0038
 
 
$
0.0013
 
 
Conversion price of preferred stock
 
$
0.0124
 
 
$
0.0151
 
 
$
0.0190
 
 
$
0.0215
 
 
Risk free interest rate
 
 
2.78
%
 
 
2.16
%
 
 
1.89
%
 
 
1.62
%
 
Expected life
 
 
10 Years
 
 
 
10 Years
 
 
 
10 Years
 
 
 
10 Years
 
 
Dividend yield
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
Volatility
 
 
148
%
 
 
148
%
 
 
147
%
 
 
141
%