INVENTORY

Inventory as of February 28, 2019 consists of raw materials for Byrna for $196,756 (November 30, 2018: $Nil) finished goods of Blunt Impact Projectiles 40mm for $81,668 (November 30, 2018: $90,329) and inventory procured from other suppliers for $37,216 (November 30, 2018: $38,792). The Company values its inventory on a first-in, first-out basis. Inventory is valued at the lower of cost or net realizable value.