Annual report pursuant to Section 13 and 15(d)

Interim Consolidated Statements of Cash Flows

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Interim Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Nov. 30, 2016
Nov. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss for the year $ (1,924,110) $ (2,370,901)
Items not requiring an outlay of cash:    
Fair value of issue of options (included in general and administration expenses) 28,024 422,459
Fair value of modification of options and warrants (included in general and administration expenses) 49,912 216,684
Amortization of deferred financing costs 63,740 63,566
Foreign currency translation gain (18,749) (179,537)
Depreciation 46,515 47,165
Changes in non-cash working capital:    
Accounts receivable 6,989 (31,326)
Inventory 36,996 75,927
Prepaid expenses and other receivables (22,838) 1,807
Accounts payable and accrued liabilities 73,382 15,332
NET CASH USED IN OPERATING ACTIVITIES (1,660,139) (1,738,824)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Proceeds from issuance of common stock 0 2,500,000
Deferred financing costs incurred (36,874) 0
Exercise of stock options and warrants 0 23,770
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES (36,874) 2,523,770
Effects of foreign currency exchange rate changes 38,818 (18,931)
NET INCREASE (DECREASE) IN CASH FOR THE YEAR (1,658,195) 766,015
Cash, beginning of Year 1,851,021 1,085,006
CASH END OF YEAR 192,826 1,851,021
SUPPLEMENTAL INFORMATION:    
INCOME TAXES PAID 0 0
INTEREST PAID $ 161,372 $ 167,831