General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
May 31, 2020
May 31, 2021
May 31, 2020
Nov. 30, 2020
Nov. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income (loss) for the period $ (8,061,000) $ 1,765,000 $ (10,346,000) $ (12,553,325) $ (4,409,785)
Adjustments to reconcile net (income) loss to net cash used in operating activities:          
Stock-based compensation expense 10,000 1,546,000 648,000 1,252,366 218,154
Forgiveness of Paycheck Protection Program loan   (190,000)      
Accretion of debt discounts 257,000   755,000 755,401 1,120,872
Loss on extinguishment of debt 6,027,000   6,027,000 6,026,654  
Warrant inducement     845,000 845,415  
Write-down of inventory   177,000 3,000 553,046 44,786
Change in fair value of derivative liability         (426,019)
Issuance of common shares for services     119,000 429,582 514,339
Issuance of convertible notes payable for services         112,500
Shares to be issued for services     43,000   20,000
Cancellation of shares for services         (19,996)
Issuance of warrants for payment of accrued interest       124,603 249,376
Depreciation and amortization 10,000 217,000 77,000 177,181 46,844
Amortization of debt issuance costs   9,000      
Operating lease costs   83,000 29,000 138,599  
Amortization of patent rights       64,873 7,332
Selling loss on sales-type lease   33,000      
Changes in assets and liabilities, net of acquisition:          
Accounts receivable   138,000 82,000 (432,907) (419,341)
Deferred revenue   (3,227,000) 137,000 4,891,245  
Inventory   (1,407,000) (239,000) (4,491,329) (875,413)
Prepaid expenses and other current assets   422,000 (48,000) (1,022,802) (226,060)
Net investment in sales-type lease   (6,000)      
Other assets   (1,000)   (16,613)  
Accounts payable and accrued liabilities   (2,358,000) 147,000 5,937,818 270,177
Operating lease liabilities   (65,000) (130,000) (250,540)  
Accrued interest     234,000 108,488  
NET CASH USED IN OPERATING ACTIVITIES   (2,864,000) (1,617,000) 2,537,755 (3,772,234)
CASH FLOWS FROM INVESTING ACTIVITIES          
Purchase of patent rights   (37,000) (80,000) (80,000)  
Cash paid for Roboro acquisition, net of cash acquired     (489,000) (488,852)  
Cash paid for asset acquisition, net of cash acquired   (3,702,000)      
Purchases of property and equipment   (116,000) (147,000) (1,426,434) (245,971)
NET CASH USED IN INVESTING ACTIVITIES   (3,855,000) (716,000) (1,995,286) (245,971)
CASH FLOWS FROM FINANCING ACTIVITIES          
Proceeds from warrant exercises   1,217,000 3,218,000 7,223,979  
Proceeds from stock option exercises   35,000   10,431  
Payment of debt issuance costs   (83,000)      
Proceeds from Roboro sellers for common stock     500,000 500,000  
Proceeds from convertible notes         5,068,265
Proceeds from notes payable       190,300  
Payment of cash for stock to be issued       (20,000)  
Repayment of notes payable       (136,748)  
Repayment of secured convertible notes         (1,035,930)
Proceeds from Paycheck Protection Program loan     190,000    
Proceeds from line of credit   1,500,000      
NET CASH PROVIDED BY FINANCING ACTIVITIES   2,669,000 3,908,000 7,767,962 4,032,335
Effects of foreign currency exchange rate changes   (261,000) 58,000 171,304 (22,617)
NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH FOR THE PERIOD   (4,311,000) 1,633,000 8,481,735 (8,487)
CASH AND RESTRICTED CASH, BEGINNING OF PERIOD   9,656,000 1,174,000 1,174,000 1,182,387
CASH AND RESTRICTED CASH, END OF PERIOD $ 2,807,000 5,345,000 $ 2,807,000 9,656,000 1,174,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:          
INCOME TAXES PAID        
Interest paid   $ 14,000   $ 988,493 $ 161,595