Quarterly report pursuant to Section 13 or 15(d)

Interim Consolidated Statements of Cash Flows

v3.5.0.2
Interim Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Aug. 31, 2016
Aug. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss for the period $ (1,343,954) $ (1,425,013)
Items not requiring an outlay of cash:    
Amortization of deferred financing costs 47,892 47,718
Depreciation 34,886 35,374
Stock based compensation 2,574 0
Changes in non-cash working capital:    
Accounts receivable 22,944 (8,939)
Prepaid expenses and other receivables (55,434) (27,025)
Inventory 27,335 51,318
Accounts payable and accrued liabilities (83,764) (91,117)
NET CASH USED IN OPERATING ACTIVITIES (1,347,521) (1,417,684)
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of equipment 0 0
NET CASH USED IN INVESTING ACTIVITIES 0 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Issue of common stock 0 2,500,000
Exercise of stock options and/or warrants 0 23,770
NET CASH PROVIDED BY FINANCING ACTIVITIES 0 2,523,770
Effects of foreign currency exchange rate changes (15,276) (30,144)
NET DECREASE IN CASH AND CASH EQUIVALENT FOR THE PERIOD (1,362,797) 1,075,942
Cash and cash equivalent, beginning of period 1,851,021 1,085,006
CASH AND CASH EQUIVALENT, END OF PERIOD 488,224 2,160,948
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS:    
INCOME TAXES PAID 0 0
INTEREST PAID $ 161,372 $ 167,831