CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)
|
|
|
|
|
|
|
|
|
1 Months Ended |
12 Months Ended |
|
|
|
Jun. 08, 2020 |
Jun. 03, 2020 |
Apr. 08, 2020 |
Sep. 16, 2019 |
Jul. 22, 2019 |
May 20, 2019 |
Apr. 22, 2019 |
Oct. 22, 2018 |
May 31, 2019 |
Nov. 30, 2020 |
Nov. 30, 2019 |
Aug. 31, 2020 |
Jun. 01, 2020 |
Mar. 31, 2020 |
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued for exchange of notes |
|
|
33,333
|
|
|
|
|
|
|
|
|
|
|
|
Loss on extinguishment of debt |
|
|
|
|
|
|
|
|
|
$ (6,026,654)
|
|
|
|
|
Number of shares issued |
|
|
|
|
|
|
|
|
|
20,000
|
|
|
|
|
Convertible notes payable, net |
|
|
|
|
|
|
|
|
|
|
$ 2,758,578
|
|
|
|
Convertible notes payable, noncurrent |
|
|
|
|
|
|
|
|
|
|
1,874,972
|
|
|
|
Debt conversion price |
|
|
$ 0.15
|
|
|
|
|
|
|
|
|
|
|
|
interest expense |
|
|
|
|
|
|
|
|
|
$ 233,095
|
414,364
|
|
|
|
Series A Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
1,391
|
|
|
|
|
|
|
|
|
|
|
|
Convertible Notes Payable [Member] | Securities Purchase Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
1,498,418
|
|
|
|
|
|
|
|
|
|
|
|
Convertible Notes Payable [Member] | Series A Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding notes exchanged representing principal and accrued interest |
|
|
$ 6,950,000
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued for exchange of notes |
|
|
1,391
|
|
|
|
|
|
|
|
|
|
|
|
Original issuance price |
|
|
$ 5,000
|
|
|
|
|
|
|
|
|
|
|
|
Loss on extinguishment of debt |
|
|
6,026,657
|
|
|
|
|
|
|
|
|
|
|
|
Unamortized discounts |
|
|
5,430,082
|
|
|
|
|
|
|
|
|
|
|
|
Accrued interest |
|
|
374,631
|
|
|
|
|
|
|
|
|
|
|
|
Convertible Debt [Member] | September 2019 Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Convertible notes payable, net |
|
|
|
|
|
|
|
|
|
$ 0
|
|
|
|
|
Maturity date |
|
|
|
|
|
|
|
|
|
Jun. 30, 2021
|
|
|
|
|
Accrued interest rate |
|
|
|
|
|
|
|
|
|
10.00%
|
|
|
|
|
Contractual rate and accretion of discount |
|
|
|
|
|
|
|
|
|
47.40%
|
|
|
|
|
Convertible Debt [Member] | July 2019 Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Convertible notes payable, net |
|
|
|
|
|
|
|
|
|
$ 0
|
|
|
|
|
Maturity date |
|
|
|
|
|
|
|
|
|
Jun. 30, 2021
|
|
|
|
|
Accrued interest rate |
|
|
|
|
|
|
|
|
|
10.00%
|
|
|
|
|
Contractual rate and accretion of discount |
|
|
|
|
|
|
|
|
|
45.79%
|
|
|
|
|
Common Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share price |
$ 0.60
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant [Member] | Convertible Notes Payable [Member] | Securities Purchase Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accrued interest |
|
|
$ 1,000
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
4,000
|
|
|
|
|
|
|
|
|
|
|
|
Warrant [Member] | Convertible Notes Payable [Member] | Series A Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value of the consideration transferred |
|
|
$ 11,831,370
|
|
|
|
|
|
|
|
|
|
|
|
Warrant [Member] | Common Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maturity date |
Aug. 31, 2020
|
Jul. 03, 2020
|
|
|
|
|
|
|
|
|
|
|
|
|
Agreegate price of warrant |
|
|
|
|
|
|
|
|
|
|
|
$ 3,300,000
|
$ 3,300,000
|
$ 3,200,000
|
Convertible Notes Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
interest expense |
|
|
|
|
|
|
|
|
|
$ 200,000
|
|
|
|
|
Accretion amount |
|
|
|
|
|
|
|
|
|
800,000
|
|
|
|
|
Convertible Notes Payable [Member] | October 2018 Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Convertible notes payable, net |
|
|
|
|
|
|
|
|
|
$ 0
|
|
|
|
|
Maturity date |
|
|
|
|
|
|
|
|
|
Apr. 15, 2020
|
|
|
|
|
Accrued interest rate |
|
|
|
|
|
|
|
10.00%
|
|
10.00%
|
|
|
|
|
Contractual rate and accretion of discount |
|
|
|
|
|
|
|
|
|
50.54%
|
|
|
|
|
Number of units sold |
|
|
|
|
|
|
|
1,275.0
|
|
|
|
|
|
|
Aggregate price of unit purchased |
|
|
|
|
|
|
|
$ 1,275,000
|
|
|
|
|
|
|
Description of transaction |
|
|
|
|
|
|
|
(i) a $1,000 10% interest convertible promissory note (collectively the “October 2018 Notes”) due April 15, 2020, convertible into the Company’s common stock at a conversion price of $0.15 per share, and (ii) four thousand (4,000) warrants each exercisable for one share of common stock at an exercise price of $0.25 per share on or before the five year anniversary of the issuance.
|
|
|
|
|
|
|
Convertible Notes Payable [Member] | October 2018 Notes [Member] | Common Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt conversion price |
|
|
|
|
|
|
|
$ 0.15
|
|
|
|
|
|
|
Convertible Notes Payable [Member] | October 2018 Notes [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accrued interest |
|
|
|
|
|
|
|
|
|
$ 426,019
|
|
|
|
|
Number of shares issued |
|
|
|
|
|
|
|
5,100,000
|
|
|
|
|
|
|
Convertible notes payable, net |
|
|
|
|
|
|
|
$ 750,911
|
|
|
|
|
|
|
Share price |
|
|
|
|
|
|
|
$ 0.25
|
|
|
|
|
|
|
Warrant exercised date |
|
|
|
|
|
|
|
Oct. 23, 2023
|
|
|
|
|
|
|
Agreegate price of warrant |
|
|
|
|
|
|
|
$ 524,089
|
|
|
|
|
|
|
Accretion amount |
|
|
|
|
|
|
|
|
|
413,702
|
|
|
|
|
Adjustment to correction amount |
|
|
|
|
|
|
|
|
|
95,584
|
|
|
|
|
Convertible Notes Payable [Member] | April/May 2019 Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Convertible notes payable, net |
|
|
|
|
|
|
|
|
|
$ 1,191,821
|
|
|
|
|
Maturity date |
|
|
|
|
|
|
|
|
|
Apr. 15, 2020
|
|
|
|
|
Accrued interest rate |
|
|
|
|
|
10.00%
|
10.00%
|
|
|
10.00%
|
|
|
|
|
Contractual rate and accretion of discount |
|
|
|
|
|
|
|
|
|
72.35%
|
|
|
|
|
Number of units sold |
|
|
|
|
|
2,080.265
|
2,080.265
|
|
|
|
|
|
|
|
Aggregate price of unit purchased |
|
|
|
|
|
$ 2,080,265
|
$ 2,080,265
|
|
|
|
|
|
|
|
Description of transaction |
|
|
|
|
|
(i) a $1,000 10% interest convertible promissory note (collectively the “April/May 2019 Notes”) due April 15, 2020, convertible into the Company’s common stock at a conversion price of $0.15 per share, and (ii) four thousand (4,000) warrants each exercisable for one share of common stock at an exercise price of $0.25 per share on or before October 22, 2023.
|
(i) a $1,000 10% interest convertible promissory note (collectively the “April/May 2019 Notes”) due April 15, 2020, convertible into the Company’s common stock at a conversion price of $0.15 per share, and (ii) four thousand (4,000) warrants each exercisable for one share of common stock at an exercise price of $0.25 per share on or before October 22, 2023.
|
|
|
|
|
|
|
|
Percentage of accretion of discount |
|
|
|
|
|
|
|
|
|
72.35%
|
|
|
|
|
Agreegate price of warrant |
|
|
|
|
|
|
|
|
|
$ 888,444
|
|
|
|
|
Interest from accretion of the discount |
|
|
|
|
|
|
|
|
|
457,570
|
|
|
|
|
interest expense |
|
|
|
|
|
|
|
|
|
$ 123,726
|
|
|
|
|
Convertible Notes Payable [Member] | April/May 2019 Notes [Member] | Common Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt conversion price |
|
|
|
|
|
$ 0.15
|
$ 0.15
|
|
|
|
|
|
|
|
Convertible Notes Payable [Member] | April/May 2019 Notes [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
|
|
|
8,321,060
|
8,321,060
|
|
|
|
|
|
|
|
Share price |
|
|
|
|
|
$ 0.25
|
$ 0.25
|
|
|
|
|
|
|
|
Warrant exercised date |
|
|
|
|
|
Oct. 23, 2023
|
Oct. 23, 2023
|
|
|
|
|
|
|
|
Convertible Notes Payable [Member] | September 2019 Notes [Member] | Securities Purchase Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
|
3,272,000
|
|
|
|
|
|
|
|
|
|
|
Convertible notes payable, net |
|
|
|
$ 454,154
|
|
|
|
|
|
|
|
|
|
|
Accrued interest rate |
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
|
|
Number of units sold |
|
|
|
818.0
|
|
|
|
|
|
|
|
|
|
|
Aggregate price of unit purchased |
|
|
|
$ 818,000
|
|
|
|
|
|
|
|
|
|
|
Description of transaction |
|
|
|
(i) a $1,000 10% interest convertible promissory note (collectively the “September 2019 Notes”) due June 30, 2021, convertible into the Company’s common stock at a conversion price of $0.15 per share, and (ii) four thousand (4,000) warrants each exercisable for one share of common stock at an exercise price of $0.25 per share on or before January 22, 2024.
|
|
|
|
|
|
|
|
|
|
|
Debt conversion price |
|
|
|
$ 0.15
|
|
|
|
|
|
|
|
|
|
|
Share price |
|
|
|
$ 0.25
|
|
|
|
|
|
|
|
|
|
|
Warrant exercised date |
|
|
|
Jan. 22, 2024
|
|
|
|
|
|
|
|
|
|
|
Agreegate price of warrant |
|
|
|
$ 363,846
|
|
|
|
|
|
|
|
|
|
|
Interest from accretion of the discount |
|
|
|
37,943
|
|
|
|
|
|
|
|
|
|
|
interest expense |
|
|
|
$ 16,808
|
|
|
|
|
|
|
16,808
|
|
|
|
Convertible Notes Payable [Member] | September 2019 Notes [Member] | Warrant [Member] | Securities Purchase Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of accretion of discount |
|
|
|
47.40%
|
|
|
|
|
|
|
|
|
|
|
Convertible Notes Payable [Member] | July 2019 Notes [Member] | Securities Purchase Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accrued interest rate |
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
|
Aggregate price of unit purchased |
|
|
|
|
$ 2,282,500
|
|
|
|
|
|
|
|
|
|
Description of transaction |
|
|
|
|
(i) a $1,000 10% interest convertible promissory note (collectively the “July 2019 Notes”) due June 30, 2021, convertible into the Company’s common stock at a conversion price of $0.15 per share, and (ii) four thousand (4,000) warrants each exercisable for one share of common stock at an exercise price of $0.25 per share on or before January 22, 2024.
|
|
|
|
|
|
|
|
|
|
Debt conversion price |
|
|
|
|
$ 0.15
|
|
|
|
|
|
|
|
|
|
Share price |
|
|
|
|
$ 0.25
|
|
|
|
|
|
|
|
|
|
Warrant exercised date |
|
|
|
|
Jan. 22, 2024
|
|
|
|
|
|
|
|
|
|
interest expense |
|
|
|
|
|
|
|
|
|
|
81,920
|
|
|
|
Accretion amount |
|
|
|
|
|
|
|
|
|
|
$ 138,456
|
|
|
|
Convertible Notes Payable [Member] | July 2019 Notes [Member] | Warrant [Member] | Securities Purchase Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
|
|
9,130,000
|
|
|
|
|
|
|
|
|
|
Convertible notes payable, net |
|
|
|
|
$ 1,244,419
|
|
|
|
|
|
|
|
|
|
Share price |
|
|
|
|
$ 0.25
|
|
|
|
|
|
|
|
|
|
Percentage of accretion of discount |
|
|
|
|
45.79%
|
|
|
|
|
|
|
|
|
|
Agreegate price of warrant |
|
|
|
|
$ 1,038,081
|
|
|
|
|
|
|
|
|
|
Subordinated Secured Debentures [Member] | Canada, Dollars |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accrued interest |
|
|
|
|
|
|
|
|
$ 1,035,930
|
|
|
|
|
|
Convertible notes payable, net |
|
|
|
|
|
|
|
|
$ 1,399,000
|
|
|
|
|
|
Description of debt |
|
|
|
|
|
|
|
|
(i) the allocation of basis to other instruments issued in the transaction, (ii) fees paid directly to the creditor and (iii) initial recognition at fair value, which is lower than face value. Discounts (premiums) are amortized through charges (credits) to interest expense over the term of the debt agreement. Amortization of debt discounts (premiums) amounted to CAD $98,924 ($73,201) during the year ended November 30, 2019
|
The CAD $1,363,000 ($1,015,026) of Series B Secured Convertible Debentures (“Subordinate Secured Debentures”) were issued pursuant to a Trust Indenture agreement dated December 7, 2016 (the “Indenture”) in exchange for the Unsecured Debentures in equal principal amount and an additional CAD $36,000 ($26,640) of Series B Secured Convertible Debentures were issued pursuant to the Indenture in payment of accrued interest. These debentures matured on June 6, 2019 and accrued interest at 12% per annum, payable semi-annually. The debentures were secured by all of the Company’s assets. The principal amount, plus accrued interest, could have been converted at the option of the holder at any time during the term to maturity into shares of the Company’s common stock at a conversion price of $0.24 (CAD $0.31) per share, subject to anti-dilution protection with a minimum conversion price of $0.135 and for capital reorganization events.
|
|
|
|
|
Subordinated Secured Debentures [Member] | Canada, Dollars |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
interest expense |
|
|
|
|
|
|
|
|
|
$ 67,007
|
|
|
|
|