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Cash Flow

v3.20.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
9 Months Ended
Aug. 31, 2020
Aug. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss for the period $ (10,912,131) $ (2,689,346)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock-based compensation expense 659,416 191,532
Accretion of debt discounts 755,401 672,517
Loss on extinguishment of debt 6,026,654
Warrant inducement 845,415  
Foreign currency translation loss (gain) 18,606 (15,372)
Change in fair value of derivative liability (742,106)
Issuance of common shares for services 118,750 314,339
Shares to be issued for services 43,200 20,000
Cancellation of shares for services   (19,998)
Issue of convertible notes for services   112,500
Operating lease costs 77,022  
Depreciation 104,320 24,869
Amortization of patent rights 48,655 5,499
Changes in assets and liabilities, net of acquisition:    
Accounts receivable (196,226) (97,072)
Deferred revenue 9,266,393 13,320
Inventory (2,266,709) (559,197)
Prepaid expenses and other current assets (1,813,781) 47,808
Other assets (16,718)  
Accounts payable and accrued liabilities 1,991,553 476,225
Operating lease liabilities (198,857)  
Accrued interest 233,091  
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 4,784,054 (2,244,482)
CASH FLOWS FROM INVESTING ACTIVITIES    
Patent rights (80,000)  
Roboro acquisition, net of cash acquired (488,852)  
Purchases of property and equipment (1,022,970) (207,677)
NET CASH USED IN INVESTING ACTIVITIES (1,591,822) (207,677)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from warrant exercises 6,751,282  
Proceeds from stock option exercises 2,850  
Proceeds from Roboro sellers for common stock 500,000  
Proceeds from convertible notes   4,250,265
Proceeds from Paycheck Protection Program loan 190,300  
Repayment of notes payable (110,918)  
Repayment of secured convertible notes   (1,035,930)
NET CASH PROVIDED BY FINANCING ACTIVITIES 7,333,514 3,214,335
Effects of foreign currency exchange rate changes 183,708 (63,186)
NET INCREASE IN CASH AND RESTRICTED CASH FOR THE PERIOD 10,709,454 698,990
CASH AND RESTRICTED CASH, BEGINNING OF PERIOD 1,173,900 1,182,387
CASH AND RESTRICTED CASH, END OF PERIOD $ 11,883,354 1,881,377
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
INTEREST PAID   $ 67,007

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