Cash Flow

v3.10.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Aug. 31, 2018
Aug. 31, 2017
Cash Flows from Operating Activities:    
Net (Loss) Income $ (3,716,652) $ 1,262,984
Adjustments to reconcile net income to cash (used in) provided by operating activities:    
Depreciation and amortization 38,685 66,592
Change in allowance for bad debts 8,739 (5,843)
Loss on write off of fixed assets 32,823 0
Deferred financing fees amortization 88,320 94,699
Stock-based compensation 194,458 126,863
Deferred income taxes 3,003,838 816,846
Change in Operating Assets & Liabilities:    
(Increase) in accounts receivable (41,033) (1,503,021)
(Increase) Decrease in inventory (1,463,238) 170,838
(Increase) in prepaid expenses and other receivables (173,573) (179,999)
Decrease (increase) in prepaid income and refundable income tax 10,368 (22,366)
Decrease in other assets 80 0
Increase (Decrease) in accounts payable and accrued liabilities 1,157,596 (624,013)
Increase (Decrease) in income tax payable 950 (20,000)
Net Cash (Used) Provided by Operating Activities (858,639) 183,580
Cash Flows from Investing Activities:    
Acquisition of plant and equipment (25,586) (39,507)
Purchase of intangible assets (4,390) 0
Net Cash (Used) by Investing Activities (29,976) (39,507)
Cash Flows from Financing Activities:    
Payment on line of credit, net (1,396,676) (113,585)
Proceeds from notes payable, net 1,312,500 0
Proceeds from exercise of warrant 1,426,500 0
Payment of deferred financing fees (130,000) 0
Payments for capital lease obligations 0 (2,753)
Net Cash Provided (Used) by Financing Activities 1,212,324 (116,338)
Net Increase in Cash and Cash Equivalents 323,709 27,735
Cash and Cash Equivalents at Beginning of Period 140,243 309,280
Cash and Cash Equivalents at End of Period 463,952 337,015
Cash paid during the period for:    
Interest 391,422 405,584
Income taxes $ 11,153 $ 108,413

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