Quarterly report pursuant to Section 13 or 15(d)

Interim Consolidated Statements of Cash Flows

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Interim Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Feb. 28, 2017
Feb. 29, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss for the period $ (265,362) $ (379,802)
Items not requiring an outlay of cash:    
Amortization of deferred financing costs 45,281 15,848
Amortization of debt discount 44,453 0
Foreign currency translation loss 13,156 0
Accrued interest converted to convertible debentures 26,809 0
Change in fair value of derivative liabilities (421,379) 0
Issue of common shares for services 50,000 0
Depreciation 11,972 11,629
Changes in non-cash working capital:    
Accounts receivable 25,250 17,331
Prepaid expenses and other receivables (23,963) (548)
Inventory (37,693) 29,277
Accounts payable and accrued liabilities 53,825 (71,666)
NET CASH USED IN OPERATING ACTIVITIES (477,651) (377,931)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (21,703) 0
NET CASH USED IN INVESTING ACTIVITIES (21,703) 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from convertible debentures 1,433,716 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,433,716 0
Effects of foreign currency exchange rate changes 22,712 (8,728)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENT FOR THE PERIOD 957,074 (386,659)
Cash and cash equivalent, beginning of period 192,826 1,851,021
CASH AND CASH EQUIVALENT, END OF PERIOD 1,149,900 1,464,362
SUPPLEMENTAL INFORMATION:    
INCOME TAXES PAID 0 0
INTEREST PAID $ 35,307 $ 83,686