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Cash Flow

v3.20.4
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Nov. 30, 2020
Nov. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (12,553,325) $ (4,409,785)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock-based compensation expense 1,252,366 218,154
Accretion of debt discounts 755,401 1,120,872
Loss on extinguishment of debt 6,026,654  
Warrant inducement 845,415  
Write-down of inventory 553,046 44,786
Change in fair value of derivative liability   (426,019)
Issuance of common shares for services 429,582 514,339
Issuance of convertible notes payable for services   112,500
Stock to be issued for services   20,000
Cancellation of shares for services   (19,996)
Issuance of warrants for payment of accrued interest 124,603 249,376
Operating lease costs 138,599  
Depreciation and amortization 177,181 46,844
Amortization of patent rights 64,873 7,332
Changes in assets and liabilities, net of acquisition:    
Accounts receivable (432,907) (419,341)
Deferred revenue 4,891,245  
Inventory (4,491,329) (875,413)
Prepaid expenses and other current asserts (1,022,802) (226,060)
Other assets (16,613)  
Accounts payable and accrued liabilities 5,937,818 270,177
Operating lease liabilities (250,540)  
Accrued interest 108,488  
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 2,537,755 (3,772,234)
CASH FLOWS FROM INVESTING ACTIVITIES    
Patent rights (80,000)  
Roboro acquisition, net of cash acquired (488,852)  
Purchases of property and equipment (1,426,434) (245,971)
NET CASH USED IN INVESTING ACTIVITIES (1,995,286) (245,971)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from warrant exercises 7,223,979  
Proceeds from stock option exercises 10,431  
Proceeds from Roboro sellers for common stock 500,000  
Proceeds from convertible notes   5,068,265
Proceeds from notes payable 190,300  
Payment of cash for stock to be issued (20,000)  
Repayment of notes payable (136,748)  
Repayment of secured convertible notes   (1,035,930)
NET CASH PROVIDED BY FINANCING ACTIVITIES 7,767,962 4,032,335
Effects of foreign currency exchange rate changes 171,304 (22,617)
NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH FOR THE YEAR 8,481,735 (8,487)
CASH AND RESTRICTED CASH, BEGINNING OF YEAR 1,173,900 1,182,387
CASH AND RESTRICTED CASH, END OF YEAR 9,655,635 1,173,900
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
INCOME TAXES PAID  
INTEREST PAID $ 988,493 $ 161,595

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