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<div><p><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span style="margin-left:0%">1.           </span><span>BASIS OF PRESENTATION</span></span></span></span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and therefore do not include all information and footnotes necessary for a fair presentation of financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States of America ("GAAP"); however, such information reflects all adjustments consisting solely of normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the results for the interim periods.</span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">The unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and notes thereto together with management's discussion and analysis of financial condition and results of operations contained in Byrna Technologies Inc.'s ("Byrna" or the "Company") annual report on Form 10-K for the year ended November 30, 2019. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments of a normal recurring nature considered necessary to fairly state the financial position of the Company at February 29, 2020 and November 30, 2019, the results of its operations for the three months ended February 29, 2020 and February 28, 2019, and its cash flows for the three months ended February 29, 2020 and February 28, 2019. </span></span><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The results of operations for the three months ended February 29, 2020 are not necessarily indicative of results to be expected for the full year.</span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">The Company was incorporated under the laws of the state of Delaware on March 1, 2005. On February 3, 2014, the Company incorporated a wholly owned subsidiary in Canada, Security Devices International Canada Corp. ("SDI Canada"). On March 1, 2018, the Company acquired all the shares of a company in South Africa, Byrna South Africa (Pty) Ltd. ("Byrna South Africa"). SDI Canada was dissolved on December 19, 2019. These unaudited condensed consolidated financial statements for the three months ended February 29, 2020 and February 28, 2019 include the accounts of the Company and its subsidiaries SDI Canada and Byrna South Africa. All material intercompany accounts and transactions have been eliminated. Certain prior year amounts have been reclassified to conform with the presentation of amounts for the three months ended February 29, 2020.</span></span></p></div>
<span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2.           NATURE OF OPERATIONS AND GOING CONCERN    <br/> </span></span><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-left:5%;margin-bottom:0pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The Company is a less-lethal defense technology company, specializing in innovative next generation solutions for security situations that do not require the use of lethal force. The Company has implemented manufacturing partnerships in the United States and South Africa, to assist in the deployment of their patented and patent pending family of 40mm and .68 caliber products. These products consist of the current manufacture of Blunt Impact Projectile 40mm ("BIP") line of products, the .68 caliber handheld personal security device called the Byrna<sup>®</sup> HD and Byrna<sup>®</sup> HD magazines and projectiles, and the sale of remaining inventory of two 12 gauge less-lethal products.</span></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-left:5%;margin-bottom:0pt;text-align:justify"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-left:5%;margin-bottom:0pt;text-align:justify">These consolidated financial statements have been prepared in accordance with GAAP applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. There is substantial doubt about the Company's ability to continue as a going concern for one year after the issuance of these financial statements.</p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-left:5%;margin-bottom:0pt;text-align:justify"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-left:5%;margin-bottom:0pt;text-align:justify">The Company's activities are subject to risk and uncertainties including:</p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-left:5%;margin-bottom:0pt;text-align:justify"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-left:5%;margin-bottom:0pt;text-align:justify">The Company has not earned adequate revenue to sustain its operations and has used cash in its operations. Therefore, the Company may need additional financing to continue its operations if it is unable to generate substantial revenue growth.<br/><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">     </span></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:5%;text-align:justify">The Company has incurred a cumulative loss of<span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"> <span>$</span>39,946,496<span> </span></span></span>from inception through February 29, 2020. The Company has funded operations through the issuance of common stock, warrants, and convertible notes payable. The Company generates revenue from operations. However, it still expects to incur significant losses before the Company's revenues can sustain its operations. The Company's future success is dependent upon its ability to raise sufficient capital or generate adequate revenue, to cover its ongoing operating expenses, and also to continue to develop and be able to profitably market its products. Management's plans to continue operations include seeking to expand sales of the Byrna<sup>® </sup>HD in new marketing channels domestically and internationally, offering new products to drive revenue increases in the way that the April 2019 commencement of Byrna<sup>®</sup> HD sales drove the fiscal 2019 revenue increase. In addition, subsequent to February 29, 2020, the Company (1) raised approximately $3.2 million through early warrant exercises and (2) exchanged all outstanding convertible debt for preferred stock, resulting in the Company no longer having any outstanding notes payable. See Note 19 for additional information. The Company may explore other financing alternatives to raise capital, if needed. There can be no assurance that such revenue will be generated, or financing will be available at all or on favorable terms. Based on these factors, there is substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty; such adjustments could be material.<br/><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="display:none"> </span><span style="display:none"> </span><span style="display:none"> </span>     </span></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:5%;text-align:justify">The Company is also significantly impacted by COVID-19, experiencing both positive and negative effects from the virus and resulting suspension of economic activity and daily routines. The government mandated lock down orders and shelter in place requirements have significantly disrupted the Company's supply chain and temporarily stopped production of the Byrna<sup>®</sup> HD. While production has resumed, the Company cannot predict the extent of supply disruption that may result from the ongoing pandemic or whether the increased demand the Company is experiencing will continue after the immediate health crisis has abated.</p>
<p style="text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="margin-left:0%">3.         </span><span>RESTRICTED CASH</span></span></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify">The Company's restricted cash consists of cash that the Company is contractually obligated to maintain in accordance with the terms of its November 2019 lease agreement.</p>
<div><p style="margin:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>4.        REVENUE, DEFERRED REVENUE AND ACCOUNTS RECEIVABLE</span></span></span></span></span></span></p><p style="text-align:justify;margin-left:5%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>The Company generates revenue primarily from sales of finished products. Revenue is recognized upon the transfer of control of products to the Company's customers in an amount that reflects the consideration to which it expects to be entitled in exchange for those products or services.</span></span></span></span></span></span></p><p style="margin-bottom:0pt;margin-left:5%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span style="text-decoration:underline">Product Sales</span></span></span></span></span></span></span></p><p style="margin-bottom:0pt;margin-left:5%;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>The Company generates revenue through the wholesale distribution of its products and accessories to dealers/distributors, large end-users (security companies and law enforcement agencies) and through an e-commerce portal to consumers. Revenue is recognized upon transfer of control of goods to the customer, which generally occurs when title to goods is passed and risk of loss transfers to the customer. Depending on the contract terms, transfer of control is upon shipment of goods to or upon the customer's pick-up of the goods. Payment terms to customers other than e-commerce customers are generally 30-60 days for established customers, whereas new wholesale and large end-user customers have prepaid terms for their first order. The amount of revenue recognized is net of returns and discounts that the Company offers to its customers. The Company's returns have been immaterial with the exception of actual returns recorded during the three months ended February 29, </span></span></span></span><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2020 related to revenues recognized during the year ended November 30, 2019;<span><span><span><span> and the Company will recognize an estimated reserve, if material and estimable, based on its analysis of historical experience and an evaluation of current market conditions.</span></span></span></span></span></span></p><p style="margin:0pt"> </p><p style="margin-bottom:0pt;margin-left:5%;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span>The Company excludes from revenue taxes collected from customers and remitted to government authorities related to sales of the Company's products. Shipping and handling costs that occur after control of goods has been transferred to the customer and that are not billed to the customer are accounted for as fulfillment costs.</span></span></span></p><p style="margin-bottom:0pt;margin-left:5%;text-align:justify"> </p><p style="margin-bottom:0pt;margin-left:5%;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span style="line-height:107%">The Company accounts for shipping and handling activities related to contracts with customers as costs to fulfill the promise to transfer the associated products. Shipping and handling costs associated with the distribution of finished products to customers, are recorded in selling, general and administrative ("SG&A") expenses and are recognized when the product is shipped to the customer. Shipping and handling<span><span><span> costs included in SG&A were $10,902 and $14,723 during the three months ended February 29, 2020 and February 28, 2019, respectively. </span></span></span>Costs to obtain a contract consist of commissions paid to employees.</span></span></span></span></span></p><p style="margin:0pt"> </p><p style="margin-bottom:0pt;margin-left:5%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span style="text-decoration:underline">Deferred Revenue</span></span></span></span></span></span></span></p><p style="text-align:justify;margin-left:5%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Changes in deferred revenue which relate to unfulfilled e-commerce orders for the three months ended February 29, 2020 are summarized below. The associated performance obligations at February 29, 2020 were satisfied during the second quarter of fiscal 2020.</span></span></span></span></p><div><div style="margin-left:5%"><div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-color:#000000;font-size:10pt;width:80%"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border:none;text-align:right;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border:none;text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Three Months Ended</span></span></span></span></td><td style="vertical-align:bottom;border:none;text-align:right;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>February 29, 2020</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>Deferred revenue balance at beginning of period</span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>10,842</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Net additions to deferred revenue </span></span></span></span>during the period</span></span></td><td style="vertical-align:bottom;border:none;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border:none;text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>6,996</span></span></span></span></span></span></td><td style="vertical-align:bottom;border:none;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Reductions in deferred revenue for revenue recognized during the period</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>(10,842</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>)</span></span></span></span></td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>Deferred revenue balance at end of period</span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>6,996</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr></tbody></table></div></div></div></div><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:13px"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:13px;margin-left:5%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span style="text-decoration:underline">Accounts Receivable</span><br/>The following table presents the Company's accounts receivable:    </span></span></span></span></p><div><div style="margin-left:5%"><div><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-color:#000000;font-size:10pt;width:80%"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>February 29, 2020</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>November 30, 2019</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Accounts receivable</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>92,221</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>438,255</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr></tbody></table></div></div></div><p> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:5%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span><span style="background-color:#ffffff">Accounts receivable at February 29, 2020 and November 30, 2019 primarily relate to sales of the new Byrna® HD to several large distributors during the fiscal year ended November 30, 2019.</span></span></span></span></span></span></span></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:5%"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:5%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span style="text-decoration:underline">Revenue Disaggregation</span></span></span></span></span></span></span></p><div><p style="font-size:10pt;font-family:Times New Roman, Times, serif;text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:5%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span><span style="background-color:#ffffff">The following table presents disaggregation of the Company's revenue by product type and distribution channel:</span></span></span></span></span></span></span></span></p><div><p> </p><div><div><div style="margin-left:5%"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-color:#000000;font-size:10pt;width:80%"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255);width:613px"> </td><td style="vertical-align:bottom;border-top:none;border-right:none;border-bottom:1pt solid black;border-left:none;border-image:initial;text-align:right;background-color:rgb(255, 255, 255);width:12px"> </td><td colspan="4" rowspan="1" style="vertical-align:bottom;border-top:none;border-right:none;border-bottom:1pt solid black;border-left:none;border-image:initial;text-align:center;background-color:rgb(255, 255, 255);width:218px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Three Months Ended</span></span></span></span></td><td rowspan="1" style="vertical-align:bottom;border-top:none;border-right:none;border-bottom:1pt solid black;border-left:none;border-image:initial;text-align:center;background-color:rgb(255, 255, 255);width:11px"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255);width:613px"><p style="font-size:10pt;font-family:Times New Roman, Times, serif"><em>Product type</em></p></td><td style="vertical-align:bottom;border-bottom:1pt solid black;text-align:right;background-color:rgb(255, 255, 255);border-top:none;border-right:none;border-left:none;border-image:initial;width:12px"> </td><td style="vertical-align:bottom;border-bottom:1pt solid black;text-align:center;background-color:rgb(255, 255, 255);border-top:none;border-right:none;border-left:none;border-image:initial;width:124px"><p><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>February 29, 2020</span></span></span></span></p></td><td style="vertical-align:bottom;border:none;text-align:right;background-color:rgb(255, 255, 255);width:7px"> </td><td style="vertical-align:bottom;border-top:none;border-right:none;border-bottom:1pt solid black;border-left:none;border-image:initial;text-align:right;background-color:rgb(255, 255, 255);width:13px"> </td><td style="vertical-align:bottom;border-top:none;border-right:none;border-bottom:1pt solid black;border-left:none;border-image:initial;text-align:right;background-color:rgb(255, 255, 255);width:125px"><p style="font-size:10pt;font-family:Times New Roman, Times, serif"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">February 28, 2019</span></span></p></td><td style="vertical-align:bottom;border-top:none;border-right:none;border-bottom:1pt solid black;border-left:none;border-image:initial;text-align:right;background-color:rgb(255, 255, 255);width:11px"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(204, 238, 255);width:613px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Byrna® HD</span></span></span></span></span></span></td><td style="vertical-align:bottom;border:none;text-align:left;width:12px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;border:none;text-align:right;width:124px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>127,366</span></span></span></span></span></span></td><td style="vertical-align:bottom;border:none;width:7px;background-color:rgb(204, 238, 255);text-align:right"> </td><td style="vertical-align:bottom;border:none;width:13px;background-color:rgb(204, 238, 255);text-align:right">$</td><td style="vertical-align:bottom;border:none;width:125px;background-color:rgb(204, 238, 255);text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;border:none;width:11px;background-color:rgb(204, 238, 255);text-align:right"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255);width:613px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Law Enforcement</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:12px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(255, 255, 255);width:124px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>21,214</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:7px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);width:13px;background-color:rgb(255, 255, 255);text-align:right"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);width:125px;background-color:rgb(255, 255, 255);text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">11,107</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);width:11px;background-color:rgb(255, 255, 255);text-align:right"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(204, 238, 255);width:613px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Total</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:12px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:124px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>148,580</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:7px;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);width:13px;background-color:rgb(204, 238, 255);text-align:right">$</td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);width:125px;background-color:rgb(204, 238, 255);text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">11,107</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);width:11px;background-color:rgb(204, 238, 255);text-align:right"> </td></tr></tbody></table></div></div><p> </p><div><div style="margin-left:5%"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-color:rgb(0, 0, 0);font-size:10pt;width:532px"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255);width:337px;width:null"><p style="font-size:10pt;font-family:Times New Roman, Times, serif"><em>Distribution channel</em></p></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(255, 255, 255);width:8px"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255);width:87px"><p><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>February 29, 2020</span></span></span></span></p></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(255, 255, 255);width:7px"> </td><td style="width:4px;width:1%"> </td><td style="border-bottom:1pt solid black;width:8px;width:1%"> </td><td style="border-bottom:1pt solid black;width:75px;width:8%"><p style="font-size:10pt;font-family:Times New Roman, Times, serif;text-align:center">February 28, 2019</p></td><td style="width:4px;width:1%"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255);width:337px;width:null"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Wholesale (dealer/distributors and large end-users)</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:8px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:87px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>(65,696</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:7px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>)</span></span></span></span></td><td style="width:4px;width:1%"> </td><td style="width:8px;width:1%">$</td><td style="text-align:right;width:75px;width:8%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">11,107</span></span></td><td style="width:4px;width:1%"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255);width:337px;width:null"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>E-commerce</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:8px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(255, 255, 255);width:87px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>214,276 </span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:7px;background-color:rgb(255, 255, 255)"> </td><td style="width:4px;width:1%"> </td><td style="width:8px;width:1%"> </td><td style="text-align:right;width:75px;width:8%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="width:4px;width:1%"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(204, 238, 255);width:337px;width:null"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Total</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:8px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:87px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>148,580</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:7px;background-color:rgb(204, 238, 255)"> </td><td style="width:4px;width:1%"> </td><td style="border-top:1pt solid black;border-right:none;border-bottom:2.5pt double black;border-left:none;border-image:initial;width:8px;width:1%">$</td><td style="border-top:1pt solid black;border-right:none;border-bottom:2.5pt double black;border-left:none;border-image:initial;text-align:right;width:75px;width:8%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">11,107</span></span></td><td style="width:4px;width:1%"> </td></tr></tbody></table><p> </p></div></div></div></div></div><div><div><div style="margin-left:5%"><p style="font-size:10pt;font-family:Times New Roman, Times, serif"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Wholesale revenues of $(65,696) for the three months ended February 29, 2020 are net of $140,089 returns to two </span></span></span></span>customers related to revenues recognized during the year ended November 30, 2019<span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>. The associated inventory is saleable and will fulfill the Company's backlog of orders. </span></span></span></span>Excluding these returns, revenues for the three months ended February 29, 2020 would have been $288,669.</p></div></div></div>
10902
14723
<div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-color:#000000;font-size:10pt;width:80%"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border:none;text-align:right;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border:none;text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Three Months Ended</span></span></span></span></td><td style="vertical-align:bottom;border:none;text-align:right;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>February 29, 2020</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>Deferred revenue balance at beginning of period</span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>10,842</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Net additions to deferred revenue </span></span></span></span>during the period</span></span></td><td style="vertical-align:bottom;border:none;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border:none;text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>6,996</span></span></span></span></span></span></td><td style="vertical-align:bottom;border:none;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Reductions in deferred revenue for revenue recognized during the period</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>(10,842</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>)</span></span></span></span></td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>Deferred revenue balance at end of period</span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>6,996</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr></tbody></table></div>
10842
6996
6996
-10842
<div><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-color:#000000;font-size:10pt;width:80%"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>February 29, 2020</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>November 30, 2019</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Accounts receivable</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>92,221</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>438,255</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr></tbody></table></div>
<div><p> </p><div><div><div style="margin-left:5%"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-color:#000000;font-size:10pt;width:80%"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255);width:613px"> </td><td style="vertical-align:bottom;border-top:none;border-right:none;border-bottom:1pt solid black;border-left:none;border-image:initial;text-align:right;background-color:rgb(255, 255, 255);width:12px"> </td><td colspan="4" rowspan="1" style="vertical-align:bottom;border-top:none;border-right:none;border-bottom:1pt solid black;border-left:none;border-image:initial;text-align:center;background-color:rgb(255, 255, 255);width:218px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Three Months Ended</span></span></span></span></td><td rowspan="1" style="vertical-align:bottom;border-top:none;border-right:none;border-bottom:1pt solid black;border-left:none;border-image:initial;text-align:center;background-color:rgb(255, 255, 255);width:11px"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255);width:613px"><p style="font-size:10pt;font-family:Times New Roman, Times, serif"><em>Product type</em></p></td><td style="vertical-align:bottom;border-bottom:1pt solid black;text-align:right;background-color:rgb(255, 255, 255);border-top:none;border-right:none;border-left:none;border-image:initial;width:12px"> </td><td style="vertical-align:bottom;border-bottom:1pt solid black;text-align:center;background-color:rgb(255, 255, 255);border-top:none;border-right:none;border-left:none;border-image:initial;width:124px"><p><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>February 29, 2020</span></span></span></span></p></td><td style="vertical-align:bottom;border:none;text-align:right;background-color:rgb(255, 255, 255);width:7px"> </td><td style="vertical-align:bottom;border-top:none;border-right:none;border-bottom:1pt solid black;border-left:none;border-image:initial;text-align:right;background-color:rgb(255, 255, 255);width:13px"> </td><td style="vertical-align:bottom;border-top:none;border-right:none;border-bottom:1pt solid black;border-left:none;border-image:initial;text-align:right;background-color:rgb(255, 255, 255);width:125px"><p style="font-size:10pt;font-family:Times New Roman, Times, serif"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">February 28, 2019</span></span></p></td><td style="vertical-align:bottom;border-top:none;border-right:none;border-bottom:1pt solid black;border-left:none;border-image:initial;text-align:right;background-color:rgb(255, 255, 255);width:11px"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(204, 238, 255);width:613px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Byrna® HD</span></span></span></span></span></span></td><td style="vertical-align:bottom;border:none;text-align:left;width:12px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;border:none;text-align:right;width:124px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>127,366</span></span></span></span></span></span></td><td style="vertical-align:bottom;border:none;width:7px;background-color:rgb(204, 238, 255);text-align:right"> </td><td style="vertical-align:bottom;border:none;width:13px;background-color:rgb(204, 238, 255);text-align:right">$</td><td style="vertical-align:bottom;border:none;width:125px;background-color:rgb(204, 238, 255);text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;border:none;width:11px;background-color:rgb(204, 238, 255);text-align:right"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255);width:613px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Law Enforcement</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:12px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(255, 255, 255);width:124px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>21,214</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:7px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);width:13px;background-color:rgb(255, 255, 255);text-align:right"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);width:125px;background-color:rgb(255, 255, 255);text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">11,107</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);width:11px;background-color:rgb(255, 255, 255);text-align:right"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(204, 238, 255);width:613px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Total</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:12px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:124px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>148,580</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:7px;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);width:13px;background-color:rgb(204, 238, 255);text-align:right">$</td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);width:125px;background-color:rgb(204, 238, 255);text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">11,107</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);width:11px;background-color:rgb(204, 238, 255);text-align:right"> </td></tr></tbody></table></div></div><p> </p><div><div style="margin-left:5%"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-color:rgb(0, 0, 0);font-size:10pt;width:532px"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255);width:337px;width:null"><p style="font-size:10pt;font-family:Times New Roman, Times, serif"><em>Distribution channel</em></p></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(255, 255, 255);width:8px"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255);width:87px"><p><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>February 29, 2020</span></span></span></span></p></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(255, 255, 255);width:7px"> </td><td style="width:4px;width:1%"> </td><td style="border-bottom:1pt solid black;width:8px;width:1%"> </td><td style="border-bottom:1pt solid black;width:75px;width:8%"><p style="font-size:10pt;font-family:Times New Roman, Times, serif;text-align:center">February 28, 2019</p></td><td style="width:4px;width:1%"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255);width:337px;width:null"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Wholesale (dealer/distributors and large end-users)</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:8px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:87px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>(65,696</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:7px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>)</span></span></span></span></td><td style="width:4px;width:1%"> </td><td style="width:8px;width:1%">$</td><td style="text-align:right;width:75px;width:8%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">11,107</span></span></td><td style="width:4px;width:1%"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255);width:337px;width:null"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>E-commerce</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:8px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;background-color:rgb(255, 255, 255);width:87px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>214,276 </span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:7px;background-color:rgb(255, 255, 255)"> </td><td style="width:4px;width:1%"> </td><td style="width:8px;width:1%"> </td><td style="text-align:right;width:75px;width:8%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="width:4px;width:1%"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(204, 238, 255);width:337px;width:null"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Total</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:8px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:87px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>148,580</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:7px;background-color:rgb(204, 238, 255)"> </td><td style="width:4px;width:1%"> </td><td style="border-top:1pt solid black;border-right:none;border-bottom:2.5pt double black;border-left:none;border-image:initial;width:8px;width:1%">$</td><td style="border-top:1pt solid black;border-right:none;border-bottom:2.5pt double black;border-left:none;border-image:initial;text-align:right;width:75px;width:8%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">11,107</span></span></td><td style="width:4px;width:1%"> </td></tr></tbody></table><p> </p></div></div></div></div>
127366
0
21214
11107
148580
11107
214276
0
-65696
-65696
11107
243867
0
-95287
148580
11146
-39
0
11107
148580
140089
44390
95699
288669
<div><table cellpadding="0" cellspacing="0" style="font:10pt Times New Roman, Times, Serif;width:100%;border-collapse:collapse"><tbody><tr><td style="vertical-align:top;width:5%;line-height:107%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">5.</span></span></td><td style="padding-bottom:8pt;line-height:107%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">ACCOUNTS PAYABLE AND ACCRUED LIABILITIES</span></span></td></tr></tbody></table><div><p> </p><table border="0" cellpadding="0" cellspacing="0" style="border-color:rgb(0, 0, 0);font-size:10pt;margin-left:5%;width:593px;border-collapse:collapse;float:left"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="vertical-align:bottom;width:308px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:1pt solid black;text-align:center;border-top:none;border-right:none;border-left:none;border-image:initial;background-color:rgb(255, 255, 255);width:14px"> </td><td style="vertical-align:bottom;border-bottom:1pt solid black;text-align:center;border-top:none;border-right:none;border-left:none;border-image:initial;background-color:rgb(255, 255, 255);width:128px"><p><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">February 29, 2020</span></span></p></td><td style="vertical-align:bottom;border-bottom:1pt solid black;text-align:center;border-top:none;border-right:none;border-left:none;border-image:initial;width:6px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:1pt solid black;text-align:center;border-top:none;border-right:none;border-left:none;border-image:initial;width:11px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:1pt solid black;text-align:center;border-top:none;border-right:none;border-left:none;border-image:initial;background-color:rgb(255, 255, 255);width:113px"><p><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">November 30, 2019</span></span></p></td><td style="vertical-align:bottom;border-bottom:1pt solid black;text-align:center;border-top:none;border-right:none;border-left:none;border-image:initial;background-color:rgb(255, 255, 255);width:16px"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="vertical-align:bottom;width:308px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Trade payables</span></span></td><td style="vertical-align:bottom;border:none;width:14px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border:none;text-align:right;width:128px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">694,008</span></span></td><td style="vertical-align:bottom;border:none;width:6px;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border:none;width:11px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border:none;text-align:right;width:113px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">600,878</span></span></td><td style="vertical-align:bottom;border:none;width:16px;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="vertical-align:bottom;width:308px;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Deferred revenue</span></span></td><td style="vertical-align:bottom;width:14px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:128px;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">6,996</span></span></td><td style="vertical-align:bottom;width:6px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;width:11px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:113px;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">10,842</span></span></td><td style="vertical-align:bottom;width:16px;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="vertical-align:bottom;width:308px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Operating lease liabilities (See Note 9)</span></span></td><td style="vertical-align:bottom;border:none;text-align:right;width:14px;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border:none;text-align:right;width:128px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">29,043</span></span></td><td style="vertical-align:bottom;border:none;text-align:right;width:6px;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border:none;text-align:right;width:11px;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border:none;text-align:right;width:113px;background-color:rgb(204, 238, 255)">—</td><td style="vertical-align:bottom;border:none;text-align:right;width:16px;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="vertical-align:bottom;width:308px;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Other accrued liabilities</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);width:14px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:128px;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">257,327</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);width:6px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);width:11px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:113px;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">38,999</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);width:16px;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="vertical-align:bottom;width:308px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Total</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);width:14px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);text-align:right;width:128px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">987,374</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);width:6px;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);width:11px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);text-align:right;width:113px;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">650,719</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);width:16px;background-color:rgb(204, 238, 255)"> </td></tr></tbody></table><p style="font:10pt Times New Roman, Times, serif;margin-left:5%;text-align:justify"> </p></div><p style="font:10pt Times New Roman, Times, serif;margin-left:5%;text-align:justify"> </p><p style="font:10pt Times New Roman, Times, serif;margin-left:5%;text-align:justify"> </p><p style="font:10pt Times New Roman, Times, serif;margin-left:5%;text-align:justify"> </p><p style="font:10pt Times New Roman, Times, serif;margin-left:5%;text-align:justify"> </p><p style="font:10pt Times New Roman, Times, serif;margin-left:5%;text-align:justify">Trade payables at February 29, 2020 and November 30, 2019 primarily relate to raw material purchases. The increase in trade payables at February 29, 2020 as compared to November 30, 2019 was driven by professional fees. Other accrued liabilities at February 29, 2020 consists of accruals for patent costs $80,000, inventory purchases $61,886, payroll $49,552, Roboro Industries Pty LTD ("Roboro") management fee $16,626 and other $49,263.</p></div>
694008
600878
29043
0
257327
38999
80000
61886
49552
16626
49263
<div><p><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span><span style="margin-left:0%">6.          </span><span>STOCK-BASED COMPENSATION</span></span></span></span></span></span></span></span></p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><strong><span style="text-decoration:underline">2017 Plan</span></strong></span></span></span></span></span></p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>The Company grants stock </span></span></span></span>options<span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span> and other stock-based awards under its 2017 Stock Option Plan (the "2017 Plan"). All stock option awards granted to employees are valued at fair value by using either the Black-Scholes or Binomial Lattice option pricing models and recognized on a straight-line basis over the service periods of each award. The Company accounts for equity instruments issued in exchange for the receipt of goods or services from non-employees using the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration for employees and non-employee services is determined on the earlier of a performance commitment or completion of performance by the provider of goods or services.</span></span></span></span></p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>During the three months ended </span></span></span>February<span><span><span> 29, 2020, the Company granted options to purchase 3,917,500 shares of common stock to its employees and directors. The Company recorded stock-based compensation expense for options granted to its employees and directors of $602,108 and $4,227 during the three months ended </span></span></span>February<span><span><span> 29, 2020 and </span></span></span>February<span><span><span> 28, 2019, respectively.</span></span></span></span></span></span></span></p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>During the three months ended </span></span></span>February<span><span><span> 29, 2020, the Company granted options to purchase 110,000 shares of common stock to non-employees </span></span></span></span></span></span></span>(consultants)<span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>. The Company recorded stock-based compensation expense for options granted to non-employees of  $19,244  and $Nil<span style="-sec-ix-hidden:Fxbrl_20200530004228363"> </span> during the three months ended </span></span></span>February<span><span><span> 29, 2020 and </span></span></span>February<span><span><span> 28, 2019, respectively.</span></span></span></span></span></span></span></p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><em><span style="text-decoration:underline"><span><span><span>Stock Option Valuation</span></span></span></span></em></span></span></span></span></p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>The assumptions that the Company used to determine the grant-date fair value of stock options granted to employees and non-employees for the three months ended </span></span></span>February<span><span><span> 29, 2020 were as follows:</span></span></span></span></span></span></span></p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span style="text-decoration:underline"><span><span><span>Three Months Ended February 29, 2020</span></span></span></span></span></span></span></span><br/> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><em><span><span><span>Employee, Director and Non-Employee Options (Black-Scholes option pricing model)</span></span></span></em></span></span></span></span></p><div><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><div style="margin-left:5%;text-align:right"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:Times New Roman,Times,serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;width:80%;float:left" width="90%"><tbody><tr style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(204, 238, 255);width:89%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Risk free rate</span></span></span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"> </td><td style="background-color:rgb(204, 238, 255);width:1%"> </td><td style="text-align:right;line-height:107%;background-color:rgb(204, 238, 255);width:10%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>1.07—1.68</span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>%</span></span></span></span></span></td></tr><tr style="vertical-align:bottom;background-color:rgb(255, 255, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(255, 255, 255);width:50%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Expected dividends</span></span></span></span></span></span></span></td><td style="background-color:rgb(255, 255, 255);width:1%"> </td><td style="background-color:rgb(255, 255, 255);width:1%"> </td><td style="text-align:right;line-height:107%;background-color:rgb(255, 255, 255);width:8%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>0</span></span></span></span></span></td><td style="background-color:rgb(255, 255, 255);width:1%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>%</span></span></span></span></span></td></tr><tr style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><td style="line-height:107%;background-color:rgb(204, 238, 255);text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Expected volatility</span></span></span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"> </td><td style="background-color:rgb(204, 238, 255);width:1%"> </td><td style="text-align:right;line-height:107%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>143.90—144.28</span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>%</span></span></span></span></span></td></tr><tr style="vertical-align:bottom;background-color:rgb(255, 255, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Expected life</span></span></span></span></span></span></span></td><td style="background-color:rgb(255, 255, 255);width:1%"> </td><td style="background-color:rgb(255, 255, 255);width:1%"> </td><td style="text-align:right;line-height:107%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>5 years</span></span></span></span></span></span></span></td><td style="background-color:rgb(255, 255, 255);width:1%"> </td></tr><tr style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Market price of the Company’s common stock on date of grant</span></span></span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"> </td><td style="background-color:rgb(204, 238, 255);width:1%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>$</span></span></span></span></span></td><td style="text-align:right;line-height:107%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>0.19</span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(255, 255, 255)"><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>Exercise price</span></span></span></span></span></p></td><td style="background-color:rgb(255, 255, 255);width:1%"> </td><td style="background-color:rgb(255, 255, 255);width:1%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>$</span></span></span></span></span></td><td style="text-align:right;line-height:107%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>0.19</span></span></span></span></span></td><td style="background-color:rgb(255, 255, 255);width:1%"> </td></tr></tbody></table></div><p style="font:10pt/normal Times New Roman, Times, Serif;margin:0pt 0 12pt 30.6pt;text-align:justify"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p></div><p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-right:0px;margin-bottom:12pt"> </p><p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-right:0px;margin-bottom:12pt"> </p><p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-right:0px;margin-bottom:12pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span style="margin-left:5%">The following table summarizes option activity under the 2017 Plan during the three months ended February 29, 2020:</span></span></span></span></span></span></span></p><div><div style="margin-left:5%;text-align:right"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:Times New Roman,Times,serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;width:80%;float:left"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Stock</span></span></span></span></td><td style="vertical-align:bottom;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td colspan="1" style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td colspan="4" style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Weighted Average<br/>Exercise Price Per Stock<br/>Option </span></span></span></span></td><td colspan="1" style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Options</span></span></span></span></td><td style="vertical-align:bottom;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>CDN$</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>USD$</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="vertical-align:bottom;border-top:0.75pt solid transparent;background-color:rgb(204, 238, 255);text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Outstanding, November 30, 2019</span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>2,911,667</span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>0.19</span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>0.14</span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Granted</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>4,027,500</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>0.25</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>0.19</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Expired</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>(50,000</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>)</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>(0.38</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>)</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>(0.29</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>)</span></span></span></span></td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Cancelled</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>—</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>—</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>—</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Outstanding, February 29, 2020</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>6,889,167</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>0.23</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>0.17</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Exercisable, February 29, 2020</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>4,889,167</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>0.23</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>0.17</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr></tbody></table></div><p> </p><p> </p><p style="font:10pt/normal Times New Roman, Times, Serif;margin:0pt 0 12pt 30.6pt;text-align:justify"> </p><div><div><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p></div></div></div><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span><strong><span style="text-decoration:underline">Incentive Warrants</span></strong></span></span></span></span></span></span></span></p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>During the year ended November 30, 2019, the Company issued 750,000 warrants each to two consultants (the "Incentive Warrants") to purchase common shares. The Incentive Warrants were issued outside of the 2017 Plan </span></span></span>and became fully vested in December 2019.</span></span></span></span></p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>During the three months ended February 29, 2020, the Company issued 150,000 warrants in exchange for services to a marketing consultant to purchase common shares. The warrants <span>were issued outside of the 2017 Plan </span>and were fully vested as of February 29, 2020.</span></span></span></span></p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Stock-based compensation expense for the three months ended February 29, 2020 and February 28, 2019 was $15,434 and $119,440, respectively.</span></span></span></span></p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>The assumptions the Company used to determine the grant-date fair value of warrants granted to </span></span></span>the marketing consultant <span><span><span>during the three months ended February 29, 2020 were as follows:</span></span></span></span></span></span></span></p><div><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><div style="margin-left:5%;text-align:right"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:Times New Roman,Times,serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;width:80%;float:left"><tbody><tr style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(204, 238, 255);width:null"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Risk free rate</span></span></span></span></span></span></span></td><td style="width:1%;line-height:107%;background-color:rgb(204, 238, 255)"> </td><td style="width:12%;text-align:right;line-height:107%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>1.47%</span></span></span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"> </td></tr><tr style="vertical-align:bottom;background-color:rgb(255, 255, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(255, 255, 255);width:null"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Expected dividends</span></span></span></span></span></span></span></td><td style="line-height:107%;background-color:rgb(255, 255, 255)"> </td><td style="text-align:right;line-height:107%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>0%</span></span></span></span></span></span></span></td><td style="background-color:rgb(255, 255, 255);width:1%"> </td></tr><tr style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(204, 238, 255);width:null"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Expected volatility</span></span></span></span></span></span></span></td><td style="line-height:107%;background-color:rgb(204, 238, 255)"> </td><td style="text-align:right;line-height:107%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>56.92 %</span></span></span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"> </td></tr><tr style="vertical-align:bottom;background-color:rgb(255, 255, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(255, 255, 255);width:null"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Expected life</span></span></span></span></span></span></span></td><td style="line-height:107%;background-color:rgb(255, 255, 255)"> </td><td style="text-align:right;line-height:107%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>1.1 years</span></span></span></span></span></span></span></td><td style="background-color:rgb(255, 255, 255);width:1%"> </td></tr><tr style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(204, 238, 255);width:null"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Market price of the Company’s common stock on date of grant</span></span></span></span></span></span></span></td><td style="line-height:107%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>$</span></span></span></span></span></span></span></td><td style="text-align:right;line-height:107%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span> 0.22</span></span></span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"> </td></tr><tr style="vertical-align:bottom;background-color:rgb(255, 255, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(255, 255, 255);width:null"><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Exercise price</span></span></span></span></span></span></span></p></td><td style="line-height:107%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>$</span></span></span></span></span></span></span></td><td style="text-align:right;line-height:107%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>  0.25 </span></span></span></span></span></span></span></td></tr></tbody></table></div></div><p style="margin-left:5%;font:10pt/normal Times New Roman, Times, Serif;margin:0pt 0 12pt 30.6pt;text-align:justify"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span><span style="text-decoration:underline"><strong>Stock-Based Compensation Expense</strong></span></span></span></span></span></span></span></span></p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Total stock-based compensation expense of $636,786 and $123,667 for the three months ended February 29, 2020 and February 28, 2019, respectively, were recorded in SG&A expenses.</span></span></span></span></span></span></span></p></div>
3917500
110000
4027500
1500000
<div><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><div style="margin-left:5%;text-align:right"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:Times New Roman,Times,serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;width:80%;float:left" width="90%"><tbody><tr style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(204, 238, 255);width:89%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Risk free rate</span></span></span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"> </td><td style="background-color:rgb(204, 238, 255);width:1%"> </td><td style="text-align:right;line-height:107%;background-color:rgb(204, 238, 255);width:10%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>1.07—1.68</span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>%</span></span></span></span></span></td></tr><tr style="vertical-align:bottom;background-color:rgb(255, 255, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(255, 255, 255);width:50%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Expected dividends</span></span></span></span></span></span></span></td><td style="background-color:rgb(255, 255, 255);width:1%"> </td><td style="background-color:rgb(255, 255, 255);width:1%"> </td><td style="text-align:right;line-height:107%;background-color:rgb(255, 255, 255);width:8%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>0</span></span></span></span></span></td><td style="background-color:rgb(255, 255, 255);width:1%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>%</span></span></span></span></span></td></tr><tr style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><td style="line-height:107%;background-color:rgb(204, 238, 255);text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Expected volatility</span></span></span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"> </td><td style="background-color:rgb(204, 238, 255);width:1%"> </td><td style="text-align:right;line-height:107%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>143.90—144.28</span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>%</span></span></span></span></span></td></tr><tr style="vertical-align:bottom;background-color:rgb(255, 255, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Expected life</span></span></span></span></span></span></span></td><td style="background-color:rgb(255, 255, 255);width:1%"> </td><td style="background-color:rgb(255, 255, 255);width:1%"> </td><td style="text-align:right;line-height:107%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>5 years</span></span></span></span></span></span></span></td><td style="background-color:rgb(255, 255, 255);width:1%"> </td></tr><tr style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Market price of the Company’s common stock on date of grant</span></span></span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"> </td><td style="background-color:rgb(204, 238, 255);width:1%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>$</span></span></span></span></span></td><td style="text-align:right;line-height:107%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>0.19</span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(255, 255, 255)"><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>Exercise price</span></span></span></span></span></p></td><td style="background-color:rgb(255, 255, 255);width:1%"> </td><td style="background-color:rgb(255, 255, 255);width:1%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>$</span></span></span></span></span></td><td style="text-align:right;line-height:107%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span>0.19</span></span></span></span></span></td><td style="background-color:rgb(255, 255, 255);width:1%"> </td></tr></tbody></table></div><p style="font:10pt/normal Times New Roman, Times, Serif;margin:0pt 0 12pt 30.6pt;text-align:justify"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p></div>
0.0107
0.0168
0.0147
0
0
1.4390
1.4428
0.5692
P5Y
P1Y1M6D
0.19
0.22
0.19
0.25
<div><div style="margin-left:5%;text-align:right"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:Times New Roman,Times,serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;width:80%;float:left"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Stock</span></span></span></span></td><td style="vertical-align:bottom;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td colspan="1" style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td colspan="4" style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Weighted Average<br/>Exercise Price Per Stock<br/>Option </span></span></span></span></td><td colspan="1" style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Options</span></span></span></span></td><td style="vertical-align:bottom;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>CDN$</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>USD$</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="vertical-align:bottom;border-top:0.75pt solid transparent;background-color:rgb(204, 238, 255);text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Outstanding, November 30, 2019</span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>2,911,667</span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>0.19</span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>0.14</span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Granted</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>4,027,500</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>0.25</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>0.19</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Expired</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>(50,000</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>)</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>(0.38</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>)</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>(0.29</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>)</span></span></span></span></td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Cancelled</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>—</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>—</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>—</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="vertical-align:bottom;background-color:rgb(204, 238, 255);text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Outstanding, February 29, 2020</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>6,889,167</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>0.23</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>0.17</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="vertical-align:bottom;background-color:rgb(255, 255, 255);text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Exercisable, February 29, 2020</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>4,889,167</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>0.23</span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:15%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>0.17</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr></tbody></table></div><p> </p><p> </p><p style="font:10pt/normal Times New Roman, Times, Serif;margin:0pt 0 12pt 30.6pt;text-align:justify"> </p><div><div><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p></div></div></div>
2911667
6889167
0.19
0.14
0.23
0.17
0.25
0.19
50000
0.38
0.29
0
0
0
4889167
0.23
0.17
750000
750000
150000
2
<div><p style="margin-left:5%;font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p><div style="margin-left:5%;text-align:right"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:Times New Roman,Times,serif;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;width:80%;float:left"><tbody><tr style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(204, 238, 255);width:null"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Risk free rate</span></span></span></span></span></span></span></td><td style="width:1%;line-height:107%;background-color:rgb(204, 238, 255)"> </td><td style="width:12%;text-align:right;line-height:107%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>1.47%</span></span></span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"> </td></tr><tr style="vertical-align:bottom;background-color:rgb(255, 255, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(255, 255, 255);width:null"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Expected dividends</span></span></span></span></span></span></span></td><td style="line-height:107%;background-color:rgb(255, 255, 255)"> </td><td style="text-align:right;line-height:107%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>0%</span></span></span></span></span></span></span></td><td style="background-color:rgb(255, 255, 255);width:1%"> </td></tr><tr style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(204, 238, 255);width:null"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Expected volatility</span></span></span></span></span></span></span></td><td style="line-height:107%;background-color:rgb(204, 238, 255)"> </td><td style="text-align:right;line-height:107%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>56.92 %</span></span></span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"> </td></tr><tr style="vertical-align:bottom;background-color:rgb(255, 255, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(255, 255, 255);width:null"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Expected life</span></span></span></span></span></span></span></td><td style="line-height:107%;background-color:rgb(255, 255, 255)"> </td><td style="text-align:right;line-height:107%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>1.1 years</span></span></span></span></span></span></span></td><td style="background-color:rgb(255, 255, 255);width:1%"> </td></tr><tr style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(204, 238, 255);width:null"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Market price of the Company’s common stock on date of grant</span></span></span></span></span></span></span></td><td style="line-height:107%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>$</span></span></span></span></span></span></span></td><td style="text-align:right;line-height:107%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span> 0.22</span></span></span></span></span></span></span></td><td style="background-color:rgb(204, 238, 255);width:1%"> </td></tr><tr style="vertical-align:bottom;background-color:rgb(255, 255, 255)"><td style="line-height:107%;text-align:left;background-color:rgb(255, 255, 255);width:null"><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>Exercise price</span></span></span></span></span></span></span></p></td><td style="line-height:107%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>$</span></span></span></span></span></span></span></td><td style="text-align:right;line-height:107%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span>  0.25 </span></span></span></span></span></span></span></td></tr></tbody></table></div></div>
<div><div><table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt"><tbody><tr><td style="width:5%;vertical-align:top"><div><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>7.</span></span></span></span></div></td><td style="vertical-align:middle"><div><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>WARRANTS</span></span></span></span></div></td></tr></tbody></table></div><div style="margin-left:5%;text-align:justify"><p><br/><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">During the three months ended February 29, 2020, the Company issued 498,418 warrants to those note holders who returned interest checks and accepted payment in kind of units consisting of convertible notes with a face value of $124,603 together with 4,000 warrants for every $1,000 of accrued interest to satisfy $124,603 of accrued interest that was payable on October 31, 2019. The warrants are each exercisable for one share of common stock at an exercise price of $0.25 per share on or before the 3.8-year anniversary of the issuance. The Company also issued 150,000 warrants as payment to a consultant for marketing services. The warrants are each exercisable for one share of common stock at an exercise price of $0.25 per share on or before the five-year anniversary of the issuance.</span></span></p><p><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>On September 16, 2019, the Company entered into a securities purchase agreement with two investors to sell a total of 818.0 units, for aggregate principal of $818,000, at a price of $1,000 per unit, consisting of (i) $1,000 10% interest secured convertible promissory note, convertible into the Company's common stock at a conversion price of $0.15 per share and (ii) four thousand warrants each exercisable for one share of common stock at an exercise price of $0.25 per share on or before January 22, 2024. The Company issued 3,272,000 warrants in connection with this transaction. The relative grant date fair value of these warrants was estimated at $363,846 using the Binomial lattice option pricing model and reflected in additional paid-in capital.</span></span></span></span></p><p style="margin:0pt"> </p><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>On July 22, 2019, the Company entered into a securities purchase agreement with several investors to sell a total of 2,282.5 units, for aggregate principal of $2,282,500, at a price of $1,000 per unit, consisting of (i) $1,000 10% interest secured convertible promissory note, convertible into the Company's common stock at a conversion price of $0.15 per share and (ii) four thousand warrants each exercisable for one share of common stock at an exercise price of $0.25 per share on or before January 22, 2024. The Company issued 9,130,000 warrants in connection with this transaction. The relative grant date fair value of these warrants was estimated at $1,038,081 using the Binomial lattice option pricing </span></span><span>model and reflected in additional paid-in capital.</span></span></span><p style="margin:0pt"> </p></div><div style="margin-left:5%;text-align:justify"><p><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>On April 22, 2019 and May 20, 2019, the Company entered into a securities purchase agreement with several accredited investors to sell a total of 2,080.265 units, for aggregate principal of $2,080,265, at a price of $1,000 per unit, consisting of (i) $1,000 10% interest secured convertible promissory note, convertible into the Company's common stock at a conversion price of $0.15 per share and (ii) four thousand warrants each exercisable for one share of common stock at an exercise price of $0.25 per share on or before October 22, 2023. The Company issued 8,321,058 warrants in connection with this transaction. The relative grant date fair value of these warrants was estimated at $888,444 using the Binomial lattice option pricing model and is reflected in additional paid-in capital.</span></span></span></span></p><p><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>On October 22, 2018, the Company entered into a securities purchase agreement with several accredited investors to sell 1,275.0 units, for aggregate principal of $1,275,000, at a price of $1,000 per unit, consisting of (i) $1,000 10% interest convertible promissory note ("the 2018 Notes"), convertible into the Company's common stock at a conversion price of $0.15 per share, and (ii) four thousand warrants each exercisable for one share of common stock at an exercise price of $0.25 per share on or before the five-year anniversary of the issuance. Pursuant to this private placement, the Company issued 5,100,000 warrants. The grant date fair value of these warrants was estimated at $524,089 using the Binomial lattice option pricing model and reflected in additional paid-in capital.</span></span></span></span></p><p style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>The following table summarizes warrant activity during the three months ended February 29, 2020:</span></span></span></span></p></div><div><div><div style="margin-left:5%"><table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"><tbody><tr style="background-color:rgb(255, 255, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Number of</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Weighted-<br/>Average</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Warrants</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Exercise</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Granted</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Price</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Outstanding at November 30, 2019</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>45,787,219</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>0.22</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Granted</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>648,418</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>0.25</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Expired</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>—</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>—</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Outstanding at </span></span>February 29, 2020</span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>46,435,637</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>0.22</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double rgb(0, 0, 0);width:1%;text-align:left;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double rgb(0, 0, 0);width:12%;text-align:right;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double rgb(0, 0, 0);width:2%;text-align:left;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double rgb(0, 0, 0);width:1%;text-align:left;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double rgb(0, 0, 0);width:12%;text-align:right;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double rgb(0, 0, 0);width:2%;text-align:left;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Exercisable at </span></span>February 29, 2020</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>46,435,637</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>0.22</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr></tbody></table></div></div></div></div>
124603
4,000 warrants for every $1,000 of accrued interest
0.25
0.25
0.25
0.25
0.25
0.25
P3Y9M18D
P5Y
818.0
2282.5
2080.265
1275.0
818000
2282500
2080265
1275000
1000
1000
1000
1000
1000
1000
1000
1000
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.15
0.15
0.15
0.15
4000
4000
4000
4000
1
1
1
1
3272000
9130000
8321058
5100000
363846
1038081
888444
524089
<div><div><div style="margin-left:5%"><table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"><tbody><tr style="background-color:rgb(255, 255, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Number of</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Weighted-<br/>Average</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Warrants</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Exercise</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Granted</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Price</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>$</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Outstanding at November 30, 2019</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>45,787,219</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>0.22</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Granted</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>648,418</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>0.25</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Expired</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>—</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>—</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Outstanding at </span></span>February 29, 2020</span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>46,435,637</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>0.22</span></span></span></span></span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double rgb(0, 0, 0);width:1%;text-align:left;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double rgb(0, 0, 0);width:12%;text-align:right;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double rgb(0, 0, 0);width:2%;text-align:left;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double rgb(0, 0, 0);width:1%;text-align:left;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double rgb(0, 0, 0);width:12%;text-align:right;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double rgb(0, 0, 0);width:2%;text-align:left;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td colspan="3" style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Exercisable at </span></span>February 29, 2020</span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>46,435,637</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>0.22</span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr></tbody></table></div></div></div>
45787219
46435637
0.22
0.22
0.25
0
0
46435637
0.22
<div><table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt"><tbody><tr><td style="width:32px;vertical-align:top"><div><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">8.</span></span></div></td><td style="width:100%"><div style="text-indent:-20px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif;margin-left:5%">RELATED PARTY TRANSACTIONS</span></span></div></td></tr></tbody></table><div style="margin-left:4%;text-align:justify"><p style="margin:0pt"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:justify">The following transactions are in the normal course of operations and are measured at the amount of consideration established and agreed to by related parties. Amounts due to related parties are unsecured, non-interest bearing with the exception of notes payable, and due on demand.</p><p style="margin:0pt"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:justify">The Company expensed $6,250 for royalties due to Andre Buys (“Buys”), the Company’s Chief Technology Officer (“CTO”) during the three months ended February 29, 2020 (2019: $Nil). The Company also recorded stock-based compensation expense of $4,227 during each of the three months ended February 29, 2020 and February 28, 2019, respectively, related to stock options granted to him in 2018 to acquire 1,500,000 shares of common stock.</p><p style="margin:0pt"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:justify">The Company recorded stock-based compensation expense of $579,364 during the three months ended February 29, 2020 related to stock options granted to the Company's board and management in December 2019. The Company issued 625,000 and 1,116,542 shares of common stock for $118,750 and $165,472, respectively, for services to its directors and management during the three months ended February 29, 2020 and February 28, 2019. The Company also issued 3,866,810 shares of common stock with a value of $696,799 in connection with the Second Payment to Buys for the Portfolio during the three months ended February 29, 2020. See Note 15 for additional information.</p><p style="margin:0pt"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:justify">The Company leased office premises at Wakefield, Massachusetts for rent, utilities and maintenance charge of approximately $2,000 per month from a corporation owned and controlled by Bryan Ganz ("Ganz"), President and, effective April 1, 2019, Chief Executive Officer ("CEO") of the Company. The Company expensed $8,314 and $4,383 for these items during the three months ended February 29, 2020 and February 28, 2019, respectively.</p><p style="margin:0pt"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:justify">As of February 29, 2020, the Company had a payable of $161,151 (inclusive of $80,000 due to Buys (see Note 15)) and $49,700 deferred salary to the Company's CEO and CLO) to related parties which is included in accounts payable and accrued liabilities. Payables to related parties were $Nil at November 30, 2019.</p></div></div>
6250
4227
4227
579364
2000
8314
4383
161151
80000
49700
<div><table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt"><tbody><tr><td colspan="2" style="vertical-align:middle;width:5%"><p><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">9.</span></span></p></td><td style="vertical-align:middle;width:95%"><p style="text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">LEASES</span></span></p></td></tr><tr><td colspan="2" style="vertical-align:top;width:5%"><p style="text-align:justify"> </p></td><td style="vertical-align:middle;width:95%"><p style="text-align:justify"> </p></td></tr><tr><td colspan="2" style="vertical-align:top;width:5%"><p style="text-align:justify"> </p></td><td style="vertical-align:middle;width:95%"><p style="text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The Company has operating leases for real estate in the US and South Africa, and does not have any finance leases.</span></span></p></td></tr><tr><td colspan="2" style="vertical-align:top;width:5%"><p style="text-align:justify"> </p></td><td style="vertical-align:middle;width:95%"><p style="text-align:justify"> </p></td></tr><tr><td colspan="2" style="vertical-align:top;width:5%"><p style="text-align:justify"> </p></td><td style="vertical-align:middle;width:95%"><p style="text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">As of February 29, 2020, the Company had entered into a real estate lease for office space in Wilmington, Massachusetts. The Company is involved in the construction and design of the space and anticipates that it will incur construction costs, subject to an allowance for tenant improvements of up to $210,490. The lease expiration date is August 31, 2026. The base rent is $114,180 per year, subject to an annual upward adjustment. Variable lease payments include the Company's allocated share of costs incurred and expenditures made by the landlord in the operation and management of the building. The lease commencement date, for accounting purposes, was not reached as of February 29, 2020 and therefore the lease is not included in the Company's operating lease right-of-use asset or operating lease liabilities as of February 29, 2020.</span></span></p></td></tr><tr><td colspan="2" style="vertical-align:top;width:5%"><p style="text-align:justify"> </p></td><td style="vertical-align:middle;width:95%"><p style="text-align:justify"> </p></td></tr><tr><td colspan="2" style="vertical-align:top;width:5%"><p style="text-align:justify"> </p></td><td style="vertical-align:middle;width:95%"><p style="text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Certain of the Company's leases contain options to renew and extend lease terms and options to terminate leases early. Reflected in the right-of-use asset and lease liability on the Company's balance sheet are the periods provided by renewal and extension options that the Company is reasonably certain to exercise, as well as the periods provided by termination options that the Company is reasonably certain to not exercise.</span></span></p></td></tr><tr><td colspan="2" style="vertical-align:top;width:5%"><p style="text-align:justify"> </p></td><td style="vertical-align:middle;width:95%"><p style="text-align:justify"> </p></td></tr><tr><td colspan="2" style="vertical-align:top;width:5%"><p style="text-align:justify"> </p></td><td style="vertical-align:middle;width:95%"><p style="text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The Company has existing leases that include variable lease and non-lease components that are not included in the right-of-use asset and lease liability and are reflected as an expense in the period incurred. Such payments primarily include common area maintenance charges.</span></span></p></td></tr><tr><td colspan="2" style="vertical-align:top;width:5%"><p style="text-align:justify"> </p></td><td style="vertical-align:middle;width:95%"><p style="text-align:justify"> </p></td></tr><tr><td colspan="2" style="vertical-align:top;width:5%"><p style="text-align:justify"> </p></td><td style="vertical-align:middle;width:95%"><p style="text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">In calculating the present value of future lease payments, the Company has elected to utilize its incremental borrowing rate based on the remaining lease term of each lease at the date of adoption. The Company has elected to account for each lease component and its associated non-lease components as a single lease component and has allocated all of the contract consideration across lease components only. The Company has existing net leases in which the non-lease components (e.g., common area maintenance) are paid separately from rent based on actual costs incurred and therefore are not included in the right-of-use asset and lease liability but rather reflected as an expense in the period incurred. As of February 29, 2020, right-of-use assets of $58,196, current lease liabilities of $29,043 </span></span><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">(included in “Accounts payable and accrued liabilities” within the Condensed Consolidated Balance Sheets),</span></span><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"> and non-current lease liabilities of $29,403 are reflected on the balance sheet. The elements of lease expense included in SG&A were as follows:</span></span></p></td></tr></tbody></table><p> </p><p> </p><div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;width:70%;border-color:#000000;margin-left:auto;margin-right:auto"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Three Months Ended</span></span></td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">February 29, 2020</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Lease Cost:</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Operating lease cost</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">12,286</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Short-term lease cost</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">4,937</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Variable lease cost</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">5290</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Total lease cost</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">22,513</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double transparent;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double rgb(0, 0, 0);width:1%;text-align:left;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double rgb(0, 0, 0);width:22%;text-align:right;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double transparent;width:2%;text-align:left;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Other Information:</span></span></td><td style="vertical-align:bottom;width:1%;text-align:left;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;width:22%;text-align:right;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;width:2%;text-align:left;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Cash paid for amounts included in the measurement of operating lease liabilities</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">12,036</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Operating lease liabilities arising from obtaining right-of-use assets</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">4,295</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;width:1%;text-align:left;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;width:22%;text-align:right;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;width:2%;text-align:left;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Operating Leases:</span></span></td><td style="vertical-align:bottom;width:1%;text-align:left;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;width:22%;text-align:right;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;width:2%;text-align:left;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Weighted-average remaining lease term (in years)</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">1.9 years</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Weighted-average discount rate</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">8.8%</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr></tbody></table></div><p> </p><p style="margin-left:5%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Future lease payments under non-cancelable operating leases, applicable under ASC 842 as of February 29, 2020 were as follows.</span></span></p><div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;width:70%;border-color:#000000;margin-left:auto;margin-right:auto"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><p style="font-size:10pt;font-family:Times New Roman, Times, serif">Fiscal Year Ended November 30</p></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2020 (nine months)</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">25,032</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2021</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">30,585</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2022</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">7,646</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Thereafter</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Total lease payments</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">63,263</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Less: imputed interest</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">(4,817</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">)</span></span></td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Total lease liabilities</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">58,446</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double transparent;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr></tbody></table></div><p> </p></div><p> </p><p style="margin-left:5%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="text-decoration:underline">ASC 840 Comparative Disclosures</span></span></span></p><p> </p><p style="margin-left:5%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The Company has the following lease commitments by fiscal year at November 30, 2019:</span></span></p><div><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;width:90%;border-color:#000000;margin-left:auto;margin-right:auto"><tbody><tr><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;width:19.3758%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Location</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;width:2%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;width:1.04031%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2020</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;width:1.95059%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:1.04031%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2021</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;width:1.95059%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:1.04031%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2022</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;width:1.95059%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:1.04031%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2023</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;width:1.95059%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:1.04031%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2024</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;width:1.95059%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:1.04031%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:12.0936%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2025 and beyond</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;width:1.95059%"> </td></tr><tr><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;background-color:#e6efff;width:19.3758%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Wilmington, MA</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">24,987</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">115,371</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">117,972</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">120,979</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">123,986</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12.0936%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">300,660</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td></tr><tr><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;width:19.3758%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Fort Wayne, IN</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%"> </td><td style="vertical-align:bottom;text-align:left;width:1.04031%"> </td><td style="vertical-align:bottom;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">30,357</span></span></td><td style="vertical-align:bottom;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;text-align:left;width:1.04031%"> </td><td style="vertical-align:bottom;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">30,585</span></span></td><td style="vertical-align:bottom;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;text-align:left;width:1.04031%"> </td><td style="vertical-align:bottom;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">7,646</span></span></td><td style="vertical-align:bottom;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;text-align:left;width:1.04031%"> </td><td style="vertical-align:bottom;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;text-align:left;width:1.04031%"> </td><td style="vertical-align:bottom;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;text-align:left;width:1.04031%"> </td><td style="vertical-align:bottom;text-align:right;width:12.0936%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;text-align:left;width:1.95059%"> </td></tr><tr><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:#e6efff;width:19.3758%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">South Africa*</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">13,098</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2,217</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12.0936%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td></tr><tr><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;width:19.3758%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Total</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:2%"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:left;width:1.04031%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">68,442</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:left;width:1.04031%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">148,173</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:left;width:1.04031%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">125,618</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:left;width:1.04031%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">120,979</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:left;width:1.04031%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">123,986</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:left;width:1.04031%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:right;width:12.0936%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">300,660</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:1.95059%"> </td></tr><tr><td colspan="19" style="vertical-align:bottom;text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><i>(*USD based on November 30, 2019 exchange rate)</i></span></span></td><td style="vertical-align:bottom;width:1.95059%;text-align:left"> </td></tr></tbody></table></div><p> </p><table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt"><tbody><tr><td colspan="1" style="vertical-align:top;width:5.01157%"><p> </p></td><td style="vertical-align:middle;width:95%"><p><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The above lease commitments reflect annual escalation.</span></span></p></td></tr></tbody></table>
210490
114180
<div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;width:70%;border-color:#000000;margin-left:auto;margin-right:auto"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Three Months Ended</span></span></td><td style="vertical-align:bottom;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">February 29, 2020</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Lease Cost:</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Operating lease cost</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">12,286</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Short-term lease cost</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">4,937</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Variable lease cost</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">5290</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Total lease cost</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">22,513</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double transparent;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double rgb(0, 0, 0);width:1%;text-align:left;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double rgb(0, 0, 0);width:22%;text-align:right;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:2.25pt double transparent;width:2%;text-align:left;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Other Information:</span></span></td><td style="vertical-align:bottom;width:1%;text-align:left;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;width:22%;text-align:right;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;width:2%;text-align:left;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Cash paid for amounts included in the measurement of operating lease liabilities</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">12,036</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Operating lease liabilities arising from obtaining right-of-use assets</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">4,295</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;width:1%;text-align:left;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;width:22%;text-align:right;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;width:2%;text-align:left;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Operating Leases:</span></span></td><td style="vertical-align:bottom;width:1%;text-align:left;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;width:22%;text-align:right;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;width:2%;text-align:left;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Weighted-average remaining lease term (in years)</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">1.9 years</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Weighted-average discount rate</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">8.8%</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr></tbody></table></div>
12286
4937
5290
22513
12036
4295
P1Y10M24D
0.088
<div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;width:70%;border-color:#000000;margin-left:auto;margin-right:auto"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><p style="font-size:10pt;font-family:Times New Roman, Times, serif">Fiscal Year Ended November 30</p></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2020 (nine months)</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">25,032</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2021</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">30,585</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2022</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">7,646</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Thereafter</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Total lease payments</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">63,263</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Less: imputed interest</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">(4,817</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">)</span></span></td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Total lease liabilities</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:22%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">58,446</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double transparent;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr></tbody></table></div>
25032
30585
7646
0
63263
4817
58446
65136
<div><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;width:90%;border-color:#000000;margin-left:auto;margin-right:auto"><tbody><tr><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-bottom:0.75pt solid #000000;width:19.3758%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Location</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;width:2%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;width:1.04031%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2020</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;width:1.95059%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:1.04031%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2021</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;width:1.95059%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:1.04031%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2022</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;width:1.95059%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:1.04031%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2023</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;width:1.95059%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:1.04031%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2024</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;width:1.95059%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:1.04031%"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:center;white-space:nowrap;width:12.0936%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2025 and beyond</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;width:1.95059%"> </td></tr><tr><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;border-top:0.75pt solid #000000;background-color:#e6efff;width:19.3758%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Wilmington, MA</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">24,987</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">115,371</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">117,972</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">120,979</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">123,986</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;text-align:right;width:12.0936%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">300,660</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td></tr><tr><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;width:19.3758%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Fort Wayne, IN</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%"> </td><td style="vertical-align:bottom;text-align:left;width:1.04031%"> </td><td style="vertical-align:bottom;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">30,357</span></span></td><td style="vertical-align:bottom;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;text-align:left;width:1.04031%"> </td><td style="vertical-align:bottom;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">30,585</span></span></td><td style="vertical-align:bottom;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;text-align:left;width:1.04031%"> </td><td style="vertical-align:bottom;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">7,646</span></span></td><td style="vertical-align:bottom;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;text-align:left;width:1.04031%"> </td><td style="vertical-align:bottom;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;text-align:left;width:1.04031%"> </td><td style="vertical-align:bottom;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;text-align:left;width:1.04031%"> </td><td style="vertical-align:bottom;text-align:right;width:12.0936%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;text-align:left;width:1.95059%"> </td></tr><tr><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:#e6efff;width:19.3758%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">South Africa*</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">13,098</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2,217</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:10.013%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:left;width:1.04031%;background-color:#e6efff"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid #000000;text-align:right;width:12.0936%;background-color:#e6efff"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:1.95059%;background-color:#e6efff"> </td></tr><tr><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;width:19.3758%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Total</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:2%"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:left;width:1.04031%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">68,442</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:left;width:1.04031%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">148,173</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:left;width:1.04031%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">125,618</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:left;width:1.04031%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">120,979</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:left;width:1.04031%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:right;width:10.013%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">123,986</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:1.95059%"> </td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:left;width:1.04031%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid #000000;border-bottom:2.25pt double #000000;text-align:right;width:12.0936%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">300,660</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:1.95059%"> </td></tr><tr><td colspan="19" style="vertical-align:bottom;text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><i>(*USD based on November 30, 2019 exchange rate)</i></span></span></td><td style="vertical-align:bottom;width:1.95059%;text-align:left"> </td></tr></tbody></table></div>
24987
30357
13098
68442
115371
30585
2217
148173
117972
7646
0
125618
120979
0
0
120979
123986
0
0
123986
300660
0
0
300660
<div><p><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="margin-left:0%">10.    </span><span style="margin-left:2%">COMMITMENTS</span></span></span></p><div style="margin-left:5%"><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:justify">The Company executed a manufacturing agreement with Roboro effective December 1, 2019 (binding agreement July 2019), whereby Roboro is its exclusive manufacturer in South Africa of various products including the Byrna HD. Roboro’s manufacturing activities include plastic molding component production and assembly, dispatch and other services. The contract term is through November 30, 2021 with two-year renewal terms. Roboro provided manufacturing services during the year end November 30, 2019. Effective May 5, 2020, the Company acquired 100% of the outstanding common shares of Roboro for $500,000, subject to working capital adjustments and unpaid transaction expenses. As a result of this stock acquisition, the Company also assumed payment of Roboro’s outstanding debt of rand 1,788,000 (approximately USD $97,000) plus accrued interest for March and April 2020. Concurrently with this stock acquisition, Roboro’s sellers agreed to purchase 1,388,889 shares of the Company’s common stock at $0.36 per share for total consideration of $500,000. The shares, which  were issued on May 27, 2020, are restricted and subject to a 15-month vesting schedule.</p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:justify"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span>In 2018, the Company entered into a consulting agreement with Lisa Wager ("Wager") pursuant to which she serves as CLO of the Company. Pursuant to the terms of the consulting agreement, Wager was paid 250,000 common shares for the services calculated at 83,333 common stock per month commencing November 1, 2018 and expiring on January 31, 2019. When this agreement ended, Wager was retained and paid by board resolutions from February 1 through June 30, 2019 and became an employee effective July 1, 2019. Her base salary was $15,000/month per board resolution.</span></span></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:justify"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span>The Company executed a consulting agreement effective July 1, 2018 with a corporation owned by Thrasher, then executive chairman. The contract expired on March 31, 2019.</span></span></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:justify"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span>In 2018, the Company entered into a consulting agreement with Ganz pursuant to which Ganz serves as President of the Company. Pursuant to the terms of the consulting agreement, Ganz was paid $200,000 annually in the Company's common stock for his service, subject to stock exchange approval. The common shares were issued quarterly, ending March 31, 2019. Ganz was paid pursuant to board resolution for April-June 2019 and became an employee effective July 1, 2019 with a base salary of $20,000/month set by board resolution.</span></span></span></p></div></div>
1
1
500000
1788000
97000
1388889
0.36
500000
P15M
83333
15000
20000
<div><p><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">11.       EXCLUSIVE SUPPLY AND PURCHASE AGREEMENTS</span></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify">The Company executed a manufacturing agreement with Roboro effective December 1, 2019 (binding agreement July 2019), whereby Roboro is its exclusive manufacturer in South Africa of various products including the Byrna<sup>®</sup> HD. Roboro's manufacturing activities include plastic molding component production and assembly, dispatch and other services. The contract term is through November 30, 2021 with two-year renewal terms. Roboro provided manufacturing services during the year end November 30, 2019. Effective May 5, 2020, the Company acquired 100% of the outstanding common shares of Roboro for $500,000, subject to working capital adjustments and unpaid transaction expenses. As a result of this stock acquisition, the Company also assumed payment of Roboro's outstanding debt of rand 1,788,000 (approximately USD $97,000) plus accrued interest for March and April 2020. Concurrently with this stock acquisition, Roboro's sellers agreed to purchase 1,388,889 of the Company's common stock at $0.36 per share for total consideration of $500,000. The shares, which were issued on May 27, 2020, are restricted and subject to a 15-month vesting schedule.</p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify">The Company entered into a Development, Supply and Manufacturing Agreement with the BIP manufacturer in August 1, 2017. This agreement provides the Company to order and purchase only from the BIP manufacturer certain BIP assemblies and components for use by the Company to produce less-lethal and training projectiles as described in the agreement. The agreement is for a term of four years with an automatic extension for additional one-year terms if neither party has given written notice of termination at least 60 days prior to the end of the then- current term. The agreement does not contain any minimum purchase commitments.</p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify">The Company entered a License and Supply Agreement with Safariland, LLC ("Safariland") on May 1, 2017. This agreement provides the Company to license and sell only to Safariland for certain BIP standard payloads for integration with and production of certain less-lethal impact munitions in North America. This agreement is for a term<span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"> of four years with an automatic extension for an additional one-year </span></span>term if neither party has given written notice of termination at least 90 days prior to the end of the then-current term.</p></div>
P2Y
P4Y
P4Y
500000
1788000
97000
1388889
0.36
500000
P1Y
P1Y
<div><p><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span style="margin-left:0%">12.       </span><span>SEGMENT AND GEOGRAPHICAL DISCLOSURES</span></span></span></span></span></p><p style="text-align:justify;margin-left:5%"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">The Company does not provide separate segment reporting. The CEO, who is also the Chief Operating Decision Maker, evaluates the business as a single entity, which includes reviewing financial information and making business decisions based on the overall results of the business. As such, the Company's operations constitute a single operating segment and one reportable segment.</span></span></p><p style="text-align:justify;margin-left:5%"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">The tables below summarize the Company's revenue for the three months ended February 29, 2020 and February 28, 2019, respectively by geographic region.</span></span></p><p style="text-align:justify;margin-left:5%"><em><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">Revenue:</span></span></em></p><div><div><div><div style="margin-left:5%"><div><div><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-color:#000000;font-size:10pt;width:80%;margin:auto"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <p style="margin:0pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">Three Months Ended</span></span></p></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:124px;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>US</span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:21px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:13px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:117px;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>Canada</span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:16px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:127px;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>South Africa</span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:16px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:7px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:125px;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>Total</span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;width:40%;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>February 29, 2020</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>$</span></span></span></td><td style="vertical-align:bottom;text-align:right;width:124px;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>243,867</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:21px;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:13px;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>$</span></span></span></td><td style="vertical-align:bottom;text-align:right;width:117px;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>—</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:16px;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>$</span></span></span></td><td style="vertical-align:bottom;text-align:right;width:127px;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>(95,287</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:16px;background-color:rgb(204, 238, 255)">)</td><td style="vertical-align:bottom;text-align:left;width:7px;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>$</span></span></span></td><td style="vertical-align:bottom;text-align:right;width:125px;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>148,580</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>February 28, 2019</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:124px;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>11,146</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:21px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:13px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:117px;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>(39</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:16px;background-color:rgb(255, 255, 255)">)</td><td style="vertical-align:bottom;text-align:right;width:127px;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>—</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:16px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:7px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:125px;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>11,107</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr></tbody></table></div></div></div></div><div><div style="margin-left:5%"><p style="margin:0pt"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">Revenue of $148,580 for the three months February 29, 2020 is net of $140,089 ($44,390 US and $95,699 South Africa) returns from two </span></span>customers related to revenues recognized during the year ended November 30, 2019<span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">. The associated inventory is saleable and will fulfill the Company's backlog of orders.</span></span></p></div></div></div></div></div>
<div><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-color:#000000;font-size:10pt;width:80%;margin:auto"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"> <p style="margin:0pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">Three Months Ended</span></span></p></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:124px;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>US</span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:21px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:13px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:117px;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>Canada</span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:16px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:127px;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>South Africa</span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:16px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:7px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;width:125px;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>Total</span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;width:40%;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>February 29, 2020</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>$</span></span></span></td><td style="vertical-align:bottom;text-align:right;width:124px;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>243,867</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:21px;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:13px;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>$</span></span></span></td><td style="vertical-align:bottom;text-align:right;width:117px;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>—</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:16px;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>$</span></span></span></td><td style="vertical-align:bottom;text-align:right;width:127px;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>(95,287</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:16px;background-color:rgb(204, 238, 255)">)</td><td style="vertical-align:bottom;text-align:left;width:7px;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>$</span></span></span></td><td style="vertical-align:bottom;text-align:right;width:125px;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>148,580</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>February 28, 2019</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:124px;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>11,146</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:21px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:13px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:117px;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>(39</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:16px;background-color:rgb(255, 255, 255)">)</td><td style="vertical-align:bottom;text-align:right;width:127px;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>—</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:16px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:7px;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:125px;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span>11,107</span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr></tbody></table></div>
<div><p><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span style="margin-left:0%">13.       </span><span>CONVERTIBLE NOTES PAYABLE AND DERIVATIVE LIABILITIES</span></span></span></span></span></span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><i><strong>Convertible Notes Payable (short-term) $3,101,727 (2019: $2,758,578)</strong></i></span></span></span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span style="text-decoration:underline">April/May 2019 Notes due April 2020</span></span></span></span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>The Company has outstanding $1,895,836 of </span></span></span></span><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">convertible notes, </span></span><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">net of debt discounts,</span></span> <span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>due April 15, 2020 that accrue interest at a rate of 10%. The effective interest rate on the liability component, inclusive of the contractual rate and the accretion of the discount, was 72.35% during the three months ended February 29, 2020.</span></span></span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span style="text-decoration:underline">October 2018 Notes due April 2020</span></span></span></span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>The Company has outstanding $1,205,891 </span></span></span></span>of convertible notes, net of debt discounts,<span><span><span><span> due April 15, 2020 that accrue interest at a rate of 10%. The effective interest rate on the liability component, inclusive of the contractual rate and the accretion of the discount, was 50.54% during the three months ended February 29, 2020.</span></span></span></span></span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><i><strong>Convertible Notes Payable (long-term) $2,029,947 (2019: $1,874,972)</strong></i></span></span></span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span style="text-decoration:underline">September 2019 Notes due June 2021 </span></span></span></span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>The Company has outstanding $533,210 of </span></span></span></span><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">convertible notes, net of debt discounts,</span></span><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span> due June 30, 2021 that accrue interest at a rate of 10%. The effective interest rate on the liability component, inclusive of the contractual rate and the accretion of the discount, was 47.40% during the three months ended February 29, 2020.</span></span></span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span style="text-decoration:underline">July 2019 Notes due June 2021</span></span></span></span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>The Company has outstanding $1,496,737 of </span></span></span></span><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">convertible notes, net of debt discounts,</span></span><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span> due June 30, 2021 that accrue interest at a rate of 10%. The effective interest rate on the liability component, inclusive of the contractual rate and the accretion of the discount, was 45.79% during the three months ended February 29, 2020.</span></span></span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">On February 20, 2020, the October 2018 Notes, April/May 2019 Notes, July 2019 Notes and September 2019 Notes were amended by consent of all holders (the "Amendment") to waive all rights to receive interest in cash and to accept payment in kind of accrued interest in the form of warrants.</span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt">The Company was in compliance with all applicable financial and non-financial covenants under its financing arrangements as of February 29, 2020.</span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>Effective April 8, 2020, the Company converted the October 2018, April/May 2019, July 2019 and September 2019 Notes together with accrued interest through April 7, 2020 to shares of preferred stock. </span></span>See Note 19 for additional information.</span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>The below table summarizes maturities of the Company's debt at February 29, 2020<span><span>:</span></span></span></span></span></span></p><div><div style="margin-left:5%"><div><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-color:#000000;font-size:10pt;width:80%"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>Fiscal Year Ended November 30,</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>2020 (nine months)</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>$</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>3,355,265</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>2021</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>3,100,500</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>Total</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>$</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>6,455,765</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr></tbody></table></div></div></div><p style="margin:0pt"> </p><p style="margin-left:5%"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span>See Note 15, "Convertible Notes Payable and Derivative Liabilities," in the Notes to Consolidated Financial Statements included in Item 8 of the Company's Annual Report on Form 10-K for the year ended November 30, 2019 for further discussion of the Company's notes payable.</span></span></span></span></span></p></div>
0.7235
0.5054
0.4740
0.4579
<div><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-color:#000000;font-size:10pt;width:80%"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>Fiscal Year Ended November 30,</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>2020 (nine months)</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>$</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>3,355,265</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>2021</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>3,100,500</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;text-align:justify;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>Total</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>$</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>6,455,765</span></span></span></span></span></span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr></tbody></table></div>
3355265
3100500
6455765
<div><p><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span><span style="margin-left:0%">14.       </span><span>INVENTORY</span></span></span></span></span></span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>The following table summarizes inventory as of February 29, 2020 and November 30, 2019, respectively.</span></span></span></span></p><div><div style="margin-left:5%"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-color:#000000;font-size:10pt;width:80%;margin:auto"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">February 29,<br/>2020</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">November 30,<br/>2019</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Raw materials</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">554,457</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">449,767</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Work in process</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">68,287</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">32,098</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Finished goods</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">754,396</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">477,883</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Total</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">1,377,140</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">959,748</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr></tbody></table></div><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p></div><p style="margin-left:5%;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Inventory at February 29, 2020, primarily relates to the Byrna® HD Personal Security Device. Inventory reserves were $67,380 and $66,020 </span></span>at February 29, 2020 and November 30, 2019, respectively.</span></span></span></span></p></div>
<div><div style="margin-left:5%"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-color:#000000;font-size:10pt;width:80%;margin:auto"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">February 29,<br/>2020</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">November 30,<br/>2019</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Raw materials</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">554,457</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">449,767</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Work in process</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">68,287</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">32,098</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Finished goods</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">754,396</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">477,883</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Total</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">1,377,140</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">959,748</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr></tbody></table></div><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"> </p></div>
554457
449767
68287
32098
754396
477883
67380
66020
<div><p><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span>15.</span></span></span><span style="margin-left:3%">PATENT RIGHTS</span></span></span></p><p style="margin-left:5%;text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>On April 13, 2018, the Company entered into a purchase and sale agreement with Buys, its CTO, pursuant to which the Company agreed to purchase from Buys the Portfolio of registered patent rights, provisional patent rights, and other intellectual property relating to air and/or gas fired long guns or pistols, including pump action launchers and munitions used with such pistols and long guns, including self-stabilizing shaped or "finned" rounds. As consideration for the Portfolio, the Company paid Buys $100,000, and incurred $10,000 in legal costs to transfer these patent rights. This consideration of $110,000 </span></span></span></span>was capitalized and represents the minimum rights to a license arrangement as patent rights as the Agreement included an option for full acquisition of the rights, conditional upon certain future events taking place.<span><span><span><span> The Company also agreed to pay Buys either $500,000 in cash or $750,000 worth of Company stock within two years at Buys' discretion, if the Company elected to retain certain patents within the patent portfolio. Pursuant to an amendment of the Agreement effective December 18, 2019, the Company made two additional payments to Buys in the amount of $776,799, consisting of the Second Payment of $696,799 through the issuance of 3,866,810 shares of common stock and Final Payment of $80,000 cash. </span></span></span></span></span></span></span><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The Final Payment is included in accrued liabilities as of February 29, 2020. </span></span><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span><span><span><span>Buys no longer retains any reversion rights or security interests in the Portfolio. These patent rights have a maximum life of 20 years, expiring on various dates beginning from November 2033 to 2038, and are amortized on a straight-line basis over a period of 15 years. The Patent Rights are being amortized over 13.5 years such that all patents will be fully amortized by May 31, 2033. The Company amortized $16,218 and $1,833 during the three months ended February 29, 2020 and February 28, 2019, respectively.</span></span></span></span></span></span></span></p></div>
100000
10000
110000
500000
750000
P2Y
776799
80000
P20Y
P15Y
P13Y6M
<table cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt"><tbody><tr><td style="width:5%;vertical-align:top"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">16. </span></span></td><td style="vertical-align:middle"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">PREPAID EXPENSES AND OTHER CURRENT ASSETS</span></span></td></tr><tr><td style="width:5%;vertical-align:top"> </td><td style="vertical-align:middle"> </td></tr><tr><td style="width:5%;vertical-align:top"><p> </p></td><td style="vertical-align:middle"><p style="text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The following table summarizes prepaid expenses and other current assets as of February 29, 2020 and November 30, 2019, respectively.</span></span></p></td></tr></tbody></table><div> <div style="margin-left:5%"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;width:100%;border-color:#000000"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">February 29,<br/>2020</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">November 30,<br/>2019</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Prepaid legal fees</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">93,462</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">55,862</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">VAT receivables</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">137,315</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">147,457</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Prepaid Insurance</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">80,432</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Security deposit - MA lease</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">92,000</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Other</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">90,655</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">81,986</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Total</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">401,864</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double transparent;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">377,305</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double transparent;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr></tbody></table></div></div>
<div> <div style="margin-left:5%"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-size:10pt;width:100%;border-color:#000000"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">February 29,<br/>2020</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">November 30,<br/>2019</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Prepaid legal fees</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">93,462</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">55,862</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">VAT receivables</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">137,315</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">147,457</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Prepaid Insurance</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">80,432</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Security deposit - MA lease</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">92,000</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Other</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">90,655</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">81,986</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="padding-right:5.4pt;padding-left:5.4pt;vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Total</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">401,864</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double transparent;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double rgb(0, 0, 0);border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">377,305</span></span></td><td style="vertical-align:bottom;border-bottom:2.25pt double transparent;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr></tbody></table></div></div>
93462
55862
137315
147457
80432
0
0
92000
90655
81986
<table cellpadding="0" cellspacing="0" style="font:10pt Times New Roman, Times, Serif;width:100%;border-collapse:collapse"><tbody><tr><td style="vertical-align:top;line-height:107%;width:37px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>17.</span></span></span></span></span></span></td><td style="padding-bottom:8pt;line-height:107%;width:641px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>FINANCIAL INSTRUMENTS</span></span></span></span></span></span></td></tr><tr><td style="width:37px"> </td><td style="padding-bottom:8pt;text-align:justify;line-height:107%;width:641px"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>The Company is exposed to risks that arise from its use of financial instruments. This note describes the Company’s objectives, policies and processes for managing those risks and the methods used to measure them.</span></span></span></span></span></span></td></tr></tbody></table><table cellpadding="0" cellspacing="0" style="font:10pt Times New Roman, Times, Serif;width:100%;border-collapse:collapse"><tbody><tr style="vertical-align:top"><td style="width:5%;line-height:107%"> </td><td style="width:5%;line-height:107%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>i)</span></span></span></span></span></span></td><td style="width:90%;padding-bottom:8pt;line-height:107%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Currency Risk</span></span></span></span></span></span></td></tr><tr style="vertical-align:top"><td> </td><td> </td><td style="padding-bottom:8pt;text-align:justify;line-height:107%"><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>The Company held its cash balances within banks in Canada in both US dollars and Canadian dollars, with banks in the US in US dollars, and with banks in South Africa in US dollars and South African rand. The Company's operations are conducted in the US, Canada and South Africa. The value of the Canadian dollar and South African rand against the US dollar may fluctuate with the changes in economic conditions.</span></span></span></span></span></span></p></td></tr><tr style="vertical-align:top"><td> </td><td> </td><td style="padding-bottom:8pt;text-align:justify;line-height:107%"><p style="font-size:10pt;font-family:Times New Roman, Times, serif"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>During the three months ended February 29, 2020, in comparison to the prior year period, the US dollar strengthened in relation to both the Canadian dollar and South African rand, and upon the translation of the Company's subsidiaries' revenues, expenses, assets and liabilities held in Canadian dollars and South African rand, respectively, the Company recorded a translation adjustment loss of $36,596, which primarily related to the South African rand and Canadian dollar (2019: a loss of $3,740), in other comprehensive loss.</span></span></span></span></p></td></tr><tr style="vertical-align:top"><td> </td><td> </td><td style="padding-bottom:8pt;text-align:justify;line-height:107%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>The Company's Canadian and South African subsidiary revenues, cost of goods sold, operating costs and capital expenditures are denominated in Canadian dollars and South African rand, respectively. Consequently, fluctuations in the US dollar exchange rate against the Canadian dollar and South African rand increases the volatility of sales, cost of goods sold and operating costs and overall net earnings when translated into US dollars. The Company is not using any forward and option contracts to fix the foreign exchange rates. Using a 10% fluctuation in the US exchange rate, the impact on the loss and stockholders’ deficit is not material.</span></span></span></span></span></span></td></tr><tr style="vertical-align:top"><td style="line-height:107%"> </td><td style="line-height:107%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>ii)</span></span></span></span></span></span></td><td style="padding-bottom:8pt;line-height:107%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Credit Risk</span></span></span></span></span></span></td></tr><tr style="vertical-align:top"><td> </td><td> </td><td style="padding-bottom:8pt;text-align:justify;line-height:107%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The financial instruments that potentially subject the Company to credit risk consist of cash and accounts receivable. The Company maintains cash with high credit quality financial institutions located in the US, Canada and South Africa. The Company maintains cash and cash equivalent balances with financial institutions in the United States in excess of amounts insured by the Federal Deposit Insurance Corporation.</span></span></span></span></span></span></td></tr><tr style="vertical-align:top"><td> </td><td> </td><td style="padding-bottom:8pt;text-align:justify;line-height:107%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>The Company provides credit to its customers in the normal course of its operations. It carries out, on a continuing basis, credit checks on its customers.</span></span></span></span></span></span></td></tr></tbody></table>
0.10
<div><p style="display:inline"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">18.       Recent Accounting Guidance</span></span></p><p style="margin:0pt"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify"><span style="text-decoration:underline">Recently Adopted Accounting Guidance</span></p><p style="display:inline"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify">In February 2016, the FASB issued ASU 2016-02, <i>Leases</i>. This standard requires the recognition of lease assets and liabilities for all leases, with certain exceptions, on the balance sheet. For public companies, the standard is effective for annual reporting periods beginning after December 15, 2018, including interim periods within those fiscal years. The Company adopted ASU 2016-02, using the alternative modified retrospective transition approach, on December 1, 2019, or the effective date, and used the effective date as its date of initial application. As such, the Company did not adjust prior period amounts. The Company also elected to adopt the package of practical expedients upon transition, which permits companies to not reassess lease identification, classification, and initial direct costs under ASU 2016-02 for leases that commenced prior to the effective date. Upon adoption, the Company recorded lease liabilities of $65,136 and right-of-use assets of $65,136 on the balance sheet as of December 1, 2019.</p><p style="display:inline"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify">In July 2017, the FASB issued ASU 2017-11, <i>Earnings Per Share (Topic: 260), Distinguishing Liabilities from Equity (Topic: 480), Derivatives and Hedges (Topic 815)</i>. FASB issued the update to simplify the accounting for certain financial instruments with down round features. The Company adopted ASU 2017-11 in the first quarter of fiscal 2020. Currently, the Company does not have financial instruments with down round features but will apply this update prospectively.</p><p style="display:inline"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify">In June 2018, the FASB issued ASU 2018-07, <i>Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting</i>. FASB issued the update to include share-based payment transaction for acquiring goods or services from nonemployees in Topic 718, Compensation - Stock Compensation. The Company adopted ASU 2018-07 in the first quarter of fiscal 2020 prospectively, which has not had a material impact on its financial statements for share-based payments issued to nonemployees during fiscal 2020.</p><p style="display:inline"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify"><span style="text-decoration:underline">Accounting Guidance Issued But Not Adopted as of February 29, 2020</span></p><p style="display:inline"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify">In August 2018, the FASB issued ASU 2018-13, <i>Fair Value Measurement (Topic: 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement</i>. FASB issued the update to modify the disclosure requirements in Topic 820. ASU 2018-07 will be effective for the Company in the first quarter of fiscal 2021. Early adoption is permitted. The Company is currently evaluating the impact of this update on its disclosures.</p><p style="display:inline"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify">In 2016, the FASB issued ASU 2016-13, <i>Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments</i>. The guidance changes the impairment model used to measure credit losses for most financial assets. A new forward-looking expected credit loss model will replace the existing incurred credit loss model and will impact the Company's accounts and other receivables. This is expected to generally result in earlier recognition of allowances for credit losses. ASU 2016-13 will be effective for the Company in the first quarter of fiscal 2021. Early adoption is permitted<span style="color:#212529">. The Company is currently evaluating the impact of adopting this update on the consolidated financial statements.</span></p><p style="display:inline"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify"><span style="color:#212529">In 2019, the FASB issued ASU 2019-12, <i>Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes</i>. The guidance simplifies the accounting for income taxes by primarily addressing the following: recognition of a deferred tax liability after transition to/from the equity method, evaluation when a step-up in the tax basis of goodwill should be related to a business combination or when it should be considered a separate transaction, inclusion of the amount of tax based on income in the income tax provision and any incremental amount as a tax not based on income, and recognition of the effect of an enacted change in tax laws or annual effective tax rates in the period the change was enacted, The guidance is effective for the Company in the first quarter of fiscal 2022. Early adoption is permitted. Several of the amendments in the update are required to be adopted using a prospective approach, while other amendments are required to be adopted using a modified-retrospective approach or retrospective approach. The Company is currently evaluating the impact of adopting this update on the consolidated financial statements.</span></p></div>
<div><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-left:0%;margin-top:0pt;margin-bottom:0pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">19.        SUBSEQUENT EVENTS</span></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-left:0%;margin-top:0pt;margin-bottom:0pt;text-align:justify"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify">The Company continues to be significantly impacted by COVID-19, experiencing both positive and negative effects from the virus and resulting suspension of economic activity and daily routines. On the positive side, the general level of apprehension among the population, has led many people to seek means of protecting themselves and their families in the event that there is a breakdown or a fraying of the fabric of civil society. This general uneasiness has driven a run on guns and ammunition as well as increased demand for non-lethal weapons such as the Byrna<sup>®</sup> HD. On the negative side, the government mandated lock down orders and shelter in place requirements significantly disrupted the Company's supply chain, essentially bringing production of the Byrna<sup>®</sup> HD to a temporary standstill. At this time, it is impossible to say whether supply disruption will continue and whether the increased demand resulting from the economic uncertainty will continue after the immediate health crisis has abated. On March 31, 2020, the production facility in South Africa was deemed an essential business by the South African government. The Company has resumed operations and the supply chain is currently functioning.</p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">On May 4, 2020, the Company received a loan in the amount of $190,000 from the Paycheck Protection Program </span></span>("PPP")<span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">.</span></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify"> </p><div><p style="margin-top:0pt;margin-bottom:0pt;margin-left:30pt;font-size:10pt;font-family:Times New Roman, Times, serif">Effective April 8, 2020, the Company exchanged an aggregate of approximately $6.95 million of all its outstanding October 2018 Notes, April/May 2019 Notes, July 2019 Notes and September 2019 Notes (collectively the "Notes"), representing principal and accrued interest through April 7, 2020, for 1,391 shares Series A Convertible Preferred Stock ("Preferred Stock"). The Company no longer has any outstanding notes payable. At the closing, in accordance with the Amendment and the Security Purchase Agreements pursuant to which the Notes were issued, the Company also issued 1,000,000 warrants to the holders reflecting 4,000 warrants for each $1,000 of unpaid interest accrued on the Notes.</p><p style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:Times New Roman, Times, serif"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Each share of Preferred Stock has a $5,000 issue price. Dividends accrue on the issue price at a rate of 10.0% per annum and are payable to holders of Preferred Stock as, when and if declared by the Company's Board of Directors. Each share of Preferred Stock, is convertible into the number of shares of common stock equal to the issue price divided by the conversion price of $0.15. Upon conversion of the Preferred Stock, all accrued and unpaid dividends will be converted to common stock utilizing the same conversion formula. The conversion price is subject to proportional adjustment for certain transactions relating to the Company's common stock, including stock splits, stock dividends and similar transactions. Holders of Preferred Stock are entitled to a liquidation preference in the event of any liquidation, dissolution or winding up of the Corporation based on their shares' aggregate issue price and accrued and unpaid dividends. Holders may convert their shares of Preferred Stock into common stock at any time and the Company has the right to cause each holder to convert their shares of Preferred Stock at any time after the eighteen (18) month anniversary of the original issue date if the common stock has traded for more than twenty (20) consecutive trading days above $0.50 (as adjusted for stock splits, stock dividends and similar transactions). Holders of shares of Preferred Stock are not entitled to vote with the holders of common stock, however, for so long as there are 423 shares of Preferred Stock outstanding, the Company is required to obtain the consent of the holders of the Preferred Stock to take certain corporate actions, including to incur indebtedness in excess of $250,000 in the aggregate. In addition, the Company agreed to use its reasonable best efforts to register the shares of common stock issuable upon conversion of the Preferred Stock in due course following the exchange.</span></span></p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify"> </p><p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:30pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">During March 2020, the Company raised approximately $3.2 million through early warrant exercises, where 19,979,107 warrants were exercised for 19,979,107 shares of common stock. The warrant exercise price was reduced from $0.25 to $0.16 per warrant to induce warrant holders to exercise.</span></span></p></div></div>
190000
6950000
1391
1000000
5000
0.100
0.15
P20D
0.50
250000
3200000
19979107
0.16
<div><table border="0" cellpadding="0" cellspacing="0" style="width:100%;border-collapse:collapse;font-size:10pt;border-color:#000000"><tbody><tr style="background-color:rgb(255, 255, 255)"><td style="vertical-align:bottom;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">February 29, 2020</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:center;white-space:nowrap;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">November 30, 2019</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:center;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Trade payables</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">694,008</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">600,878</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Deferred revenue</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">6,996</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">10,842</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Operating lease liabilities (See Note 9)</span></span></td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">29,043</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:left;width:1%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">—</span></span></td><td style="vertical-align:bottom;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr><tr style="background-color:rgb(255, 255, 255)"><td style="vertical-align:bottom;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Other accrued liabilities</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">257,327</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(255, 255, 255)"> </td><td style="vertical-align:bottom;border-bottom:0.75pt solid rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(255, 255, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">38,999</span></span></td><td style="vertical-align:bottom;border-bottom:0.75pt solid transparent;text-align:left;width:2%;background-color:rgb(255, 255, 255)"> </td></tr><tr style="background-color:rgb(204, 238, 255)"><td style="vertical-align:bottom;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Total</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">987,374</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:left;width:1%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">$</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid rgb(0, 0, 0);border-bottom:2.25pt double rgb(0, 0, 0);text-align:right;width:12%;background-color:rgb(204, 238, 255)"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">650,719</span></span></td><td style="vertical-align:bottom;border-top:0.75pt solid transparent;border-bottom:2.25pt double transparent;text-align:left;width:2%;background-color:rgb(204, 238, 255)"> </td></tr></tbody></table></div>