Quarterly report pursuant to Section 13 or 15(d)

Interim Consolidated Statements of Cash Flows

v3.7.0.1
Interim Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
May 31, 2017
May 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss for the period $ (860,466) $ (852,026)
Items not requiring an outlay of cash:    
Amortization of deferred financing costs 55,598 31,870
Amortization of debt discount 106,338 0
Foreign currency translation gain (7,289) 0
Accrued interest converted to convertible debentures 26,809 0
Fair value of options issued 152,216 0
Change in fair value of derivative liabilities (507,379) 0
Issue of common shares for services 150,000 0
Depreciation 25,122 23,258
Changes in non-cash working capital:    
Accounts receivable 10,171 17,022
Prepaid expenses and other receivables 32,218 (1,882)
Inventory (225,377) 31,061
Accounts payable and accrued liabilities 11,015 (65,764)
NET CASH USED IN OPERATING ACTIVITIES (1,031,024) (816,461)
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 21,973 (20,394)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENT FOR THE PERIOD 402,962 (836,855)
Cash and cash equivalent, beginning of period 192,826 1,851,021
CASH AND CASH EQUIVALENT, END OF PERIOD 595,788 1,014,166
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS:    
INCOME TAXES PAID 0 0
INTEREST PAID $ 94,989 $ 83,686