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Commitments And Contingencies
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12 Months Ended |
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Nov. 30, 2011
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| Commitments And Contingencies [Abstract] | |
| Commitments And Contingencies |
NOTE 9 – COMMITMENTS AND CONTINGENCIES Employment Agreements The Company has employment agreements in place for certain members of management. These employment agreements which include severance arrangements, are for periods ranging from one to two years and contain certain provisions for severance payments in the event of termination or change of control. Deferred Consulting Obligation The Company entered into a long-term consulting agreement with a former officer to provide future consulting services to the Company. This agreement was terminated and following negotiations, a confidential agreement was negotiated by the parties. The Company commenced payments under the terms of the new agreement during fiscal 2005. In fiscal 2011 and 2010, the Company recognized $9,338 and $16,754, respectively, of interest expense related to this agreement. The remaining deferred consulting obligation was $72,183 and $183,055, as of November 30, 2011 and 2010, respectively. |