INVENTORY

Inventory as of November 30, 2017, consists of finished goods of Blunt Impact Projectiles 40mm for $109,673 (November 30, 2016: $836) and 40mm LMT launchers for $nil (November 30, 2016 $6,487) and inventory procured from other suppliers for $47,630 (November 30, 2016: $nil). The Company values its inventory on a first-in, first-out basis. Inventory is valued at the lower of cost or net realizable value.