Consolidated Balance Sheets - USD ($)	Aug. 31, 2015	Nov. 30, 2014
Current assets:
Cash and cash equivalents	$ 5,647	$ 1,832
Marketable securities	64,000	$ 1,040,000
Accounts receivable, net of allowance of $76,582 at August 31, 2015	102,433
Inventory	176,542
Prepaid expenses and other current assets	100	$ 3,337
Total current assets	348,722	1,045,169
Equipment and leasehold improvements, net	49,203
Other assets	29,051
Intangible assets, net	241,089	$ 7,119
Excess of purchase price over net assets acquired	410,839
Total assets	1,078,904	$ 1,052,288
Current liabilities:
Current portion of long-term debt, net of discounts of $318,390 and $189,270 at August 31, 2015 and November 30, 2014, respectively	4,226,437	4,631,122
Accounts payable and other current liabilities	2,502,415	1,966,224
Accounts payable and other current liabilities - related party	376,324	410,333
Due to Pension Benefit Guaranty Corporation	2,078,393	2,001,984
Related party debt	935,295	804,078
Derivative liabilities	524,028	639,339
Total current liabilities	10,642,892	10,453,080
Long-term debt less current portion	434,954
Total liabilities	11,077,846	10,453,080
Stockholders' deficit:
Common stock, $0.00001 par value; 8,978,999,990 shares authorized, 3,563,630,209 and 1,194,549,997 shares issued and outstanding	35,631	11,945
Capital in excess of par value	42,120,561	41,750,912
Accumulated Deficit	(51,721,860)	(51,764,832)
Accumulated other comprehensive income (loss)	(374,817)	601,183
Total Pervasip Corp. stockholder's deficit	(9,940,279)	$ (9,400,792)
Noncontrolling interest in subsidiaries	(58,663)
Total stockholders deficit	(9,998,942)	$ (9,400,792)
Total liabilities and stockholders' deficit	$ 1,078,904	$ 1,052,288
Preferred Stock [Member]
Stockholders' deficit:
Preferred stock
Convertible Preferred Stock [Member]
Stockholders' deficit:
Preferred stock
Series D Preferred Stock [Member]
Stockholders' deficit:
Preferred stock
Series E Preferred Stock [Member]
Stockholders' deficit:
Preferred stock
Series F Preferred Stock [Member]
Stockholders' deficit:
Preferred stock	$ 100
Series G Preferred Stock [Member]
Stockholders' deficit:
Preferred stock	100
Series H Preferred Stock [Member]
Stockholders' deficit:
Preferred stock	$ 6

PERVASIP CORP 10-Q