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SERIES B CONVERTIBLE PREFERRED STOCK (Tables)
3 Months Ended
Feb. 28, 2014
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 $25,406 ($0.0007 per share of common stock) and $18,147 ($0.0006 per share of common stock) at February 28, 2014 and November 30, 2013, respectively, and has been estimated using the Black-Scholes option-pricing model using the following assumptions:
 
 
 
February 28,
2014
 
 
November 30,
2013
 
 
 
 
 
 
 
 
 
 
Fair value of common stock
 
$
0.0008
 
 
$
0.0007
 
Conversion price of preferred stock
 
$
0.0095
 
 
$
0.0114
 
Risk free interest rate
 
 
2.66
%
 
 
2.75
%
Expected life
 
 
10 Years
 
 
 
10 Years
 
Dividend yield
 
 
-
 
 
 
-
 
Volatility
 
 
142
%
 
 
142
%