Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Nov. 30, 2017
Nov. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss for the year $ (2,800,251) $ (1,924,110)
Items not involving cash:    
Value of issue of options (included in general and administration expenses) 214,112 28,024
Fair value of modification of options and warrants (included in general and administration expenses) 0 49,912
Amortization of deferred financing costs 138,927 63,740
Accretion 103,034 0
Foreign currency translation loss (gain) 55,007 (18,749)
Accrued interest converted to convertible debentures 285,780 0
Change in fair value of derivative liability 239,802 0
Issue of common shares for services 212,500 0
Depreciation 45,377 46,515
Changes in non-cash working capital:    
Accounts receivable (3,292) 6,989
Inventory (149,980) 36,996
Prepaid expenses and other receivables 44,021 (22,838)
Accounts payable and accrued liabilities 143,932 73,382
NET CASH USED IN OPERATING ACTIVITIES (1,471,031) (1,660,139)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (21,844) 0
NET CASH USED IN INVESTING ACTIVITIES (21,844) 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from issuance of common stock and warrants 3,669,120 0
Net proceeds from secured convertible debentures 1,433,716 0
Repayment of secured convertible debentures (1,757,671) 0
Proceeds from promissory note 72,585 0
Repayment of promissory note (72,585) 0
Repayment of unsecured convertible debentures (107,099) 0
Deferred financing costs 0 (36,874)
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES 3,238,066 (36,874)
Effects of foreign currency exchange rate changes 27,026 38,818
NET INCREASE (DECREASE) IN CASH FOR THE YEAR 1,772,217 (1,658,195)
Cash, beginning of Year 192,826 1,851,021
CASH END OF YEAR 1,965,043 192,826
SUPPLEMENTAL INFORMATION:    
INCOME TAXES PAID 0 0
INTEREST PAID $ 138,993 $ 161,372