Subsequent Events |
6 Months Ended |
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May. 31, 2015 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS
The Company received a letter from Capital Preservation Solutions, LLC on July 7, 2015 indicating agreement to extend the due date of the Company's working capital line of credit and term loan to December 5, 2016 subject to documentation. The Company agreed to raise the interest rate from six (6.0%) to twelve (12.0%) per annum, effective upon formal documentation, as provided for in the Loan and Security Agreement dated September 5, 2014.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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