Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

v2.4.1.9
Accrued Expenses
 12 Months Ended
Nov. 30, 2014
Payables and Accruals [Abstract]  
Accrued Expenses

NOTE 5 - ACCRUED EXPENSES.

Accrued expenses are as follows:

 

     November 30,  
     2014      2013  

Professional fees

    $ 25,661       $ 58,764   

Payroll and payroll taxes (1)

      612,043         462,541   

Interest expense

      403,975         914,114   

General expenses

      430,020         365,392   
  

 

 

     

 

 

  
$ 1,471,699    $ 1,800,811   
  

 

 

     

 

 

  

 

(1) – Payroll and payroll taxes includes accrued vacation and wages due as of November 30, 2014 and November 30, 2013.