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Cash Flow

v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
May 31, 2020
May 31, 2020
May 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss for the period $ (8,061,400) $ (10,345,773) $ (1,602,503)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation expense   648,101 164,910
Accretion of debt discounts 257,277 755,401 305,060
Loss on extinguishment of debt 6,026,657 6,026,657  
Warrant inducement   845,415  
Provision for inventory obsolescence   2,538  
Foreign currency translation loss (gain)   9,235 (15,721)
Change in fair value of derivative liability     (645,767)
Issuance of common shares for services   118,750 314,339
Shares to be issued for services   43,200 20,000
Issue of convertible notes for services     35,000
Operating lease costs   29,349  
Depreciation   45,322 17,021
Amortization of patent rights 16,218 32,436 3,666
Changes in assets and liabilities, net of acquisition:      
Accounts receivable   82,416 (52,656)
Deferred revenue   137,228 38,776
Inventory   (238,953) (460,053)
Prepaid expenses and other current assets   (47,838) 93,663
Accounts payable and accrued liabilities   147,143 452,401
Operating lease liabilities   (129,899)  
Accrued interest   233,633 80,419
NET CASH USED IN OPERATING ACTIVITIES   (1,605,639) (1,251,445)
CASH FLOWS FROM INVESTING ACTIVITIES      
Patent rights   (80,000)  
Roboro acquisition, net of cash acquired   (488,852)  
Deposit for and purchases of property and equipment   (146,785) (173,073)
NET CASH USED IN INVESTING ACTIVITIES   (715,637) (173,073)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from warrant exercises 3,200,000 3,217,884  
Proceeds from Roboro sellers for common stock   500,000  
Proceeds from convertible notes     2,045,265
Proceeds from paycheck protection program loan   190,300  
Repayment of secured convertible notes     (1,035,930)
NET CASH PROVIDED BY FINANCING ACTIVITIES   3,908,184 1,009,335
Effects of foreign currency exchange rate changes   49,143 (28,490)
NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH FOR THE PERIOD   1,636,051 (443,673)
CASH AND RESTRICTED CASH, BEGINNING OF PERIOD   1,173,900 1,182,387
CASH AND RESTRICTED CASH, END OF PERIOD $ 2,809,951 2,809,951 738,714
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
INCOME TAXES PAID    
INTEREST PAID     $ 67,007

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