13.       CONVERTIBLE NOTES PAYABLE AND DERIVATIVE LIABILITIES

Convertible Notes Payable (short-term) $3,101,727 (2019: $2,758,578)

April/May 2019 Notes due April 2020

The Company has outstanding $1,895,836 of convertible notes, net of debt discounts, due April 15, 2020 that accrue interest at a rate of 10%. The effective interest rate on the liability component, inclusive of the contractual rate and the accretion of the discount, was 72.35% during the three months ended February 29, 2020.

October 2018 Notes due April 2020

The Company has outstanding $1,205,891 of convertible notes, net of debt discounts, due April 15, 2020 that accrue interest at a rate of 10%. The effective interest rate on the liability component, inclusive of the contractual rate and the accretion of the discount, was 50.54% during the three months ended February 29, 2020.

Convertible Notes Payable (long-term) $2,029,947 (2019: $1,874,972)

September 2019 Notes due June 2021 

The Company has outstanding $533,210 of convertible notes, net of debt discounts, due June 30, 2021 that accrue interest at a rate of 10%. The effective interest rate on the liability component, inclusive of the contractual rate and the accretion of the discount, was 47.40% during the three months ended February 29, 2020.

July 2019 Notes due June 2021

The Company has outstanding $1,496,737 of convertible notes, net of debt discounts, due June 30, 2021 that accrue interest at a rate of 10%. The effective interest rate on the liability component, inclusive of the contractual rate and the accretion of the discount, was 45.79% during the three months ended February 29, 2020.

On February 20, 2020, the October 2018 Notes, April/May 2019 Notes, July 2019 Notes and September 2019 Notes were amended by consent of all holders (the "Amendment") to waive all rights to receive interest in cash and to accept payment in kind of accrued interest in the form of warrants.

The Company was in compliance with all applicable financial and non-financial covenants under its financing arrangements as of February 29, 2020.

Effective April 8, 2020, the Company converted the October 2018, April/May 2019, July 2019 and September 2019 Notes together with accrued interest through April 7, 2020 to shares of preferred stock. See Note 19 for additional information.

The below table summarizes maturities of the Company's debt at February 29, 2020:

See Note 15, "Convertible Notes Payable and Derivative Liabilities," in the Notes to Consolidated Financial Statements included in Item 8 of the Company's Annual Report on Form 10-K for the year ended November 30, 2019 for further discussion of the Company's notes payable.