v3.7.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Feb. 29, 2016
Nov. 30, 2015
CURRENT ASSETS    
Cash $ 58 $ 405
Accounts receivable, related party 17,222 17,222
Notes receivable, net of discount of $9,358 and nil, respectively 123,975
Other current assets 15,615 705
TOTAL ASSETS 156,870 18,332
CURRENT LIABILITIES    
Accounts payable and accrued expenses 260,207 177,004
Accounts payable and accrued expenses, related party 197,159 63,699
Derivative liability 1,084,408 1,313,012
Convertible notes payable, net of discount of $108,618 and $202,325, respectively 498,352 416,975
Notes payable, net of discount of $29,315 and $19,294, respectively 246,260 135,031
TOTAL CURRENT LIABILITIES 2,286,386 2,105,721
LONG TERM LIABILITIES    
Convertible notes payable, net of discount of $10,156 and nil, respectively 844
TOTAL LIABILITIES 2,287,230 2,105,721
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT    
Common stock, $0.001 par value: 75,000,000 shares authorized; 6,842,254 and 6,309,635 shares issued and outstanding, respectively 6,842 6,310
Additional paid-in capital 1,383,871 1,119,118
Accumulated deficit (3,521,073) (3,212,817)
TOTAL STOCKHOLDERS' DEFICIT (2,130,360) (2,087,389)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 156,870 18,332
Class A Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT    
Preferred stock, $0.001 par value: 10,000,000 shares authorized; Class A Preferred Stock, $5 stated value per share: 50,000 shares designated; nil shares issued and outstanding at February 29, 2016 and November 30, 2015

Source

v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Income Statement [Abstract]    
Revenue - related party $ 10,236
Revenue 4,759
Total Revenue 14,995
Cost of revenue 8,534
Gross profit 6,461
Operating expenses    
General and administrative 175,770 193,830
Total operating expense 175,770 193,830
Loss from operations (175,770) (187,369)
Other income (expense)    
Interest income 6,441
Interest expense, including penalties (83,320) (4,200)
Interest expense - debt discount (140,517)
Loss on issuance of convertible debt (157,233)
Change in fair value of derivative liability 242,143
Total other income (expense) (132,486) (4,200)
Net loss $ (308,256) $ (191,569)
Basic and diluted net loss per common share (in dollars per share) $ (0.05) $ (0.04)
Basic and diluted weighted average common shares outstanding (in shares) 6,517,372 5,218,650

Source

v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Cash flows from operating activities:    
Net loss $ (308,256) $ (191,569)
Adjustments to reconcile net loss to net cash used in operating activities:    
Interest income - original issue discount (3,975)
Interest expense on warrant issuance 26,250  
Interest expense - debt discount 140,517 2,465
Loss on issuance of convertible debt 157,233
Change in fair value on derivative liability (242,143)
Stock-based compensation 7,556 56,708
Changes in operating assets and liabilities:    
Accounts receivable (46)
Other receivables (2,466)
Inventories 5,142
Other assets (179)
Accounts payable and accrued expenses 104,227 70,119
Accounts payable, related parties 108,460 33,676
Net cash used in operating activities (12,597) (23,684)
Cash flows from investing activities:    
Loan issuance (95,000)
Net cash used in investing activities (95,000)
Cash flows from financing activities:    
Proceeds from issuance of common stock 5,000 2,000
Payments to related parties 26,008
Proceeds from convertible notes payable 11,000
Proceeds from notes payable 100,000
Payments on notes payable (3,750) (5,300)
Payments on convertible notes payable (5,000)
Net cash provided by financing activities 107,250 22,708
Net decrease in cash (347) (976)
Cash at beginning of period 405 2,247
Cash at end of period 58 1,271
Supplemental disclosures of cash flow information:    
Issuance of common stock for services of which $12,444 is included in other current assets to be amortized over two months 20,000
Increase in accounts payable in connection with loan issuance 25,000
Derivative liability recorded in connection with convertible debt 13,539
Common stock issued for conversion of debt and accrued interest 183,048
Original issue discount in connection with note payable $ 25,000
Issuance of preferred stock to shareholder for payment of accrued expenses, related party 76,900

Source