Consolidated Statements of Cash Flows - USD ($)
|
12 Months Ended |
Nov. 30, 2021 |
Nov. 30, 2020 |
Nov. 30, 2019 |
| Consolidated Statements of Cash Flows |
|
|
|
| Net loss |
$ (5,145,155)
|
$ (3,390,965)
|
$ (8,084,646)
|
| Items not affecting cash |
|
|
|
| Depreciation (Note 4) |
261,525
|
415,375
|
506,685
|
| Provision for doubtful debts (Note 4) |
0
|
0
|
(66,849)
|
| Stock-based compensation (Note 8) |
11,985
|
71,645
|
264,568
|
| Debenture financing, net (Note 7) |
313,865
|
744,930
|
54,469
|
| Gain on settlement of convertible debt (Note 7) |
0
|
0
|
4,419
|
| Deferred income tax recovery (Note 15) |
(93,854)
|
0
|
(11,042)
|
| Write-down of inventory (Note 3) |
112,672
|
236,459
|
0
|
| Write-down of investment tax credits |
0
|
233,377
|
0
|
| Loss on disposal of property and equipment |
0
|
41,603
|
0
|
| Non-cash lease expense |
138,051
|
19,855
|
0
|
| Prepaid expenses, sundry and other assets |
514,502
|
0
|
0
|
| Unrealized foreign exchange gain |
1,995
|
62,658
|
57,189
|
| Change in non-cash operating assets & liabilities |
|
|
|
| Accounts receivable |
566,384
|
(389,182)
|
61,861
|
| Investment tax credits |
213,956
|
60,244
|
223,113
|
| Inventory |
0
|
0
|
(97,480)
|
| Prepaid expenses, sundry and other assets |
53,558
|
40,866
|
430,178
|
| Accounts payable, accrued liabilities and employee costs payable |
766,630
|
1,970,896
|
2,359,518
|
| Operating lease liability |
(157,110)
|
(38,486)
|
0
|
| Income tax payable |
(20,333)
|
32,833
|
5,678
|
| Deferred revenue (Note 3) |
0
|
0
|
(2,362,500)
|
| Cash flows (used in) provided from operating activities |
(2,461,329)
|
112,108
|
(6,663,677)
|
| Financing activities |
|
|
|
| Repayment of principal on convertible debentures (Note 7) |
0
|
0
|
(461,920)
|
| Proceeds from promissory notes payable (Note 7) |
0
|
0
|
159,863
|
| Proceeds from private placement (Note 10) |
3,069,448
|
0
|
0
|
| Share issuance cost (Note 10) |
(38,220)
|
0
|
0
|
| Proceeds from issuance of shares on exercise of warrants (Note 14) |
0
|
0
|
27,953
|
| Debenture financing, net (Note 7) |
0
|
0
|
375,000
|
| Cash flows provided from financing activities |
3,031,228
|
0
|
100,896
|
| Investing activity |
|
|
|
| Sale of property and equipment (Note 4) |
0
|
29,191
|
0
|
| Purchase of property and equipment (Note 4) |
0
|
(3,875)
|
(14,474)
|
| Cash flows provided from (used in) investing activities |
0
|
25,316
|
(14,474)
|
| Increase (decrease) in cash |
569,899
|
137,424
|
(6,577,255)
|
| Cash, beginning of year |
202,046
|
64,622
|
6,641,877
|
| Cash, end of year |
771,945
|
202,046
|
64,622
|
| Supplemental cash flow information |
|
|
|
| Interest paid |
0
|
0
|
139,787
|
| Taxes paid |
$ 0
|
$ 0
|
$ 0
|