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DERIVATIVE FINANCIAL INSTRUMENTS | 12 Months Ended
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Nov. 30, 2014
DERIVATIVE FINANCIAL INSTRUMENTS [Text Block] |
16. | DERIVATIVE FINANCIAL INSTRUMENTS Year ended November 30, 2013
| Derivative Liabilities
The convertible bridge loans as described in Note 15 contained embedded conversion features that embodied terms and features that required the instruments to be bifurcated and carried as derivative liabilities. However, as of the reporting date these derivative financial instruments were either fully converted or fully repaid. As a result, there are no derivative financial instruments as of November 30, 2013. The following table illustrates the amounts that were reflected in the earnings related to our derivatives for the year ended November 30, 2013:
|  |  | Year Ended |
| Derivative income (expense): |  | November |
|  |  | 30, 2013 |
| $199,342 face value convertible bridge loan (embedded conversion feature) | $ | 136,402 |
| $97,456 face value convertible bridge loan (embedded conversion feature) |  | 45,370 |
| $197,355 face value convertible bridge loan (embedded conversion feature) |  | 83,029 |
| $147,812 face value convertible bridge loan (embedded conversion feature) |  | 84,731 |
| Total derivative income | $ | 349,532 |

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- Definition The entire disclosure for derivatives and fair value of assets and liabilities. + References No definition available. + Details
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