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Balance Sheets (USD $) | Nov. 30, 2012 | Nov. 30, 2011
--- | --- | ---
CURRENT |  |
Cash | $ 232,471 | $ 114,835
Deferred costs | 32,500 | 0
Deferred financing costs | 0 | 10,916
Prepaid expenses and other receivables | 7,200 | 107,704
Total Current Assets | 272,171 | 233,455
Plant and Equipment | 145,048 | 18,414
TOTAL ASSETS | 417,219 | 251,869
CURRENT LIABILITIES |  |
Accounts payable and accrued liabilities | 150,368 | 568,995
Current portion of Convertible Debentures | 0 | 135,998
Total Current Liabilities | 150,368 | 704,993
Convertible Debentures | 1,192,639 | 731,828
Total Liabilities | 1,343,007 | 1,436,821
STOCKHOLDERS' DEFICIT |  |
Preferred stock, $0.001 par value, 5,000,000 shares authorized, Nil issued and outstanding (2011 - nil) | 0 | 0
Common stock, $0.001 par value 50,000,000 shares authorized, 31,472,433 issued and outstanding (2011 -26,828,050 ) | 31,472 | 26,828
Additional Paid-In Capital | 18,338,886 | 16,064,428
Deficit Accumulated During the Development Stage | (19,296,146) | (17,276,208)
Total Stockholders' Deficit | (925,788) | (1,184,952)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 417,219 | $ 251,869

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