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Description of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Nov. 30, 2013
Accounting Policies [Abstract]  
Estimated Useful Lives of Property and Equipment

Estimated useful lives of property and equipment are as follows:

 

Furniture and equipment    3-10 years
Leasehold improvements    Lesser of 8-10 years or the lives of the leases
Computer software – internal use    1-5 years
Summary of Patent Costs

Patent costs are as follows:

 

     2013     2012  

Patents

   $ 63,757      $ 490,545   

Less: Accumulated amortization

     (7,123     (87,249
  

 

 

   

 

 

 

Net Patents

   $ 56,634      $ 403,296   
  

 

 

   

 

 

 
Future Amortization Expenses

The future amortization expenses are as follows:

 

Fiscal Year Ending November 30,

   Amortization  

2014

   $ 3,390   

2015

   $ 3,390   

2016

   $ 3,390   

2017

   $ 3,390   

2018

   $ 3,390   

Thereafter

   $ 39,684   
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of November 30, 2013 and 2012, respectively, segregated among the appropriate levels within the fair value hierarchy:

 

Description

   Fair Value at
November 30,
2013
     Fair Value Measurements
at November 30, 2013 Using
 
      Level 1      Level 2      Level 3  

Assets:

           

Trading securities

   $ 37,910       $ 37,910         —           —     

 

     Fair Value at
November 30,
2012
     Fair Value Measurements
at November 30, 2012 Using
 

Description

      Level 1      Level 2      Level 3  

Assets:

           

Trading securities

   $ 13,660       $ 13,660         —           —     
Composition of Basic and Diluted Net Loss Per Share

The composition of basic and diluted net income (loss) per share is as follows:

 

     November 30, 2013      November 30, 2012  

Numerator:

     

Net Income (Loss)

   $ 27,436       ($ 6,308,470

Denominator:

     

Weighted-average shares outstanding-basic

     10,864,552         11,308,872   

Dilutive common shares issuable upon exercise of stock options

     107,932         —     
  

 

 

    

 

 

 

Weighted-average shares-diluted

     10,972,484         11,308,872   
  

 

 

    

 

 

 

Income (Loss) per share:

     

Basic

   $ 0.00       ($ 0.56
  

 

 

    

 

 

 

Diluted

   $ 0.00       ($ 0.56