Cash Flow

v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Nov. 30, 2018
Nov. 30, 2017
Cash Flows from Operating Activities:    
Net (loss) income $ (3,321,766) $ 1,831,181
Adjustments to reconcile net (loss) income to cash (used in) provided by operating activities:    
Depreciation and amortization 49,199 84,641
Provision for bad debt 3,860 (9,172)
Loss on disposal or sale of property, plant and equipment 32,859 64,853
Loss on write off of intangibles 0 1,070
Deferred financing fees amortization 218,852 126,266
Stock-based compensation 290,727 167,121
Deferred income taxes 3,352,676 1,062,144
Change in Operating Assets and Liabilities:    
Increase in accounts receivable (16,928) (428,665)
(Increase) decrease in inventory (1,433,740) 468,652
Decrease (increase) in prepaid expenses and other receivables 53,741 (175,941)
Decrease in prepaid income and refundable income tax 12,350 6,002
Increase in other assets 0 (6,282)
Decrease in accounts payable and accrued liabilities (508,190) (2,041,828)
Increase in long-term liabilities 80 0
Increase in other liabilities 0 21,006
Decrease in income taxes payable 0 (20,000)
Net Cash (Used in) Provided by Operating Activities (1,266,280) 1,151,048
Cash Flows from Investing Activities:    
Acquisition of property, plant and equipment (25,586) (54,833)
Purchase of intangible assets (4,390) 0
Net Cash Used in Investing Activities (29,976) (54,833)
Cash Flows from Financing Activities:    
Payments to line of credit (881,629) (1,261,530)
Proceeds from notes payable, net 1,218,750  
Proceeds from exercise of warrant 1,426,500  
Payments of deferred finance charges (233,982) 0
Payments for capital lease obligations 0 (3,722)
Net Cash Provided by (Used in) Financing Activities 1,529,639 (1,265,252)
Net Increase (Decrease) in Cash and Cash Equivalents 233,383 (169,037)
Cash and Cash Equivalents at Beginning of Year 140,243 309,280
Cash and Cash Equivalents at End of Year 373,626 140,243
Cash paid during the period for:    
Interest 488,299 505,872
Income taxes $ 11,153 $ 120,393

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