Document And Entity Information
Document And Entity Information | 12 Months Ended |
Nov. 30, 2020shares | |
Document And Entity Information [Abstract] | |
Entity Registrant Name | Plymouth Rock Technologies Inc. |
Entity Central Index Key | 0001639142 |
Document Type | 20-F/A |
Document Period End Date | Nov. 30, 2020 |
Current Fiscal Year End Date | --11-30 |
Document Fiscal Period Focus | FY |
Document Fiscal Year Focus | 2020 |
Amendment Flag | true |
Amendment Description | This Amendment No. 1 to the Annual Report on Form 20-F of Plymouth Rock Technologies Inc. for the fiscal year ended November 30, 2020 (filed with the Securities and Exchange Commission on March 31, 2021) is filed to include the registrant’s financial statement for the relevant period in XBRL format. The original Annual Report is otherwise unchanged. |
Entity Common Stock Shares Outstanding | 42,762,264 |
Entity Well Known Seasoned Issuer | No |
Entity Current Reporting Status | No |
Entity Interactive Data Current | No |
Entity Voluntary Filers | No |
Entity Filer Category | Non-accelerated Filer |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
Entity Shell Company | false |
Consolidated Statements of Fina
Consolidated Statements of Financial Position - CAD ($) | Nov. 30, 2020 | Nov. 30, 2019 |
Current assets | ||
Cash | $ 24,713 | $ 583,119 |
Accounts receivable | 2,786 | 1,488 |
Sales tax receivable | 4,317 | 12,310 |
Inventories | 19,695 | |
Prepaid expenses | 25,908 | 105,539 |
Due from related parties | 2,500 | 25,070 |
Total current assets | 79,919 | 727,526 |
Non-current assets | ||
Equipment | 66,818 | 12,464 |
Right-of-use asset | 114,648 | |
Total assets | 261,385 | 739,990 |
Current liabilities | ||
Accounts payable | 242,278 | 217,023 |
Lease liability | 34,105 | |
Due to related parties | 46,355 | 10,035 |
Total current liabilities | 322,738 | 227,058 |
Non-current liabilities | ||
Lease liability | 90,735 | |
Total liabilities | 413,473 | 227,058 |
SHAREHOLDERS' EQUITY (DEFICIENCY) | ||
Share capital | 7,376,763 | 5,676,498 |
Shares to be issued | 22,811 | |
Contributed surplus | 1,298,487 | 736,271 |
Accumulated other comprehensive income | 65,790 | 46,244 |
Deficit | (8,893,128) | (5,968,892) |
Total shareholders' equity (deficit) | (152,088) | 512,932 |
Total liabilities and shareholders' equity (deficit) | $ 261,385 | $ 739,990 |
Consolidated Statements of Loss
Consolidated Statements of Loss and Comprehensive Loss - CAD ($) | 12 Months Ended | ||
Nov. 30, 2020 | Nov. 30, 2019 | Nov. 30, 2018 | |
Income Statement | |||
Sales | $ 70,931 | $ 28,257 | |
Cost of sales | 31,316 | 11,891 | |
Gross Profit | 39,615 | 16,366 | |
OPERATING EXPENSES | |||
Accounting and audit fees | 67,282 | 80,415 | $ 66,463 |
Amortization | 2,985 | 1,717 | |
Amortization; right-of-use asset | 38,216 | ||
Business development | 1,081,478 | 739,615 | 11,326 |
Consulting fees | 275,182 | 125,685 | 187,015 |
General office expenses | 111,394 | 68,602 | 46,466 |
Insurance | 11,928 | 5,416 | 9,500 |
Interest and accretion | 20,449 | ||
Legal fees | 74,528 | 103,535 | 166,124 |
Management fees | 110,125 | 125,390 | 71,842 |
Rent | 35,325 | 77,186 | 30,000 |
Research and development | 386,044 | 399,720 | |
Stock-based compensation | 479,107 | 692,091 | |
Transfer agent and filing fees | 77,919 | 111,709 | 71,076 |
Wages, salaries and benefits | 292,218 | 513,729 | 21,843 |
Total expenses | 3,064,180 | 3,044,810 | 681,655 |
OTHER INCOME (EXPENSES) | |||
Loss on disposition of exploration and evaluation assets | (156,012) | ||
Acquisition costs | (159,563) | ||
Write-off of inventories | (22,800) | ||
Impairment of development assets | (1,315,678) | ||
Impairment of goodwill | (256,874) | ||
Interest income | 193 | 14,226 | 8,630 |
Interest expense | (165) | (394) | (1,184) |
Foreign exchange gain (loss) | (517) | (2,322) | (8,441) |
Paycheck protection program | 100,818 | ||
NET LOSS BEFORE INCOME TAX | (2,924,236) | (4,612,286) | (998,225) |
Deferred tax recovery | 245,479 | 11,324 | |
NET LOSS | (2,924,236) | (4,366,807) | (986,901) |
OTHER COMPREHENSIVE INCOME | |||
Foreign currency translation | 19,546 | 46,244 | |
TOTAL COMPREHENSIVE LOSS | $ (2,904,690) | $ (4,320,563) | $ (986,901) |
LOSS PER SHARE, Basic and Diluted | $ (0.08) | $ (0.14) | $ (0.04) |
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, Basic and Diluted | 37,525,451 | 32,157,904 | 23,874,477 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity - CAD ($) | Share capital [Member] | Shares to be issued [Member] | Contributed Surplus [Member] | Deficit [Member] | Accumulated other comprehensive losses [Member] | Total |
Beginning Balance at Nov. 30, 2017 | $ 1,218,766 | $ 106,109 | $ (615,184) | $ 709,691 | ||
Beginning Balance (Shares) at Nov. 30, 2017 | 19,349,500 | |||||
Statements Line Items | ||||||
Net loss for the year | (986,901) | (986,901) | ||||
Shares issued for warrants exercised | $ 204,500 | 204,500 | ||||
Shares issued for warrants exercised (Shares) | 2,045,000 | |||||
Private placements | $ 2,604,220 | 2,604,220 | ||||
Private placements (Shares) | 6,510,550 | |||||
Shares issued for acquisition | $ 1,240,200 | 1,240,200 | ||||
Shares issued for acquisition (Shares) | 3,000,000 | |||||
Shares issued for options exercised | $ 87,500 | 87,500 | ||||
Shares issued for options exercised (Shares) | 625,000 | |||||
Share issuance costs | $ (253,794) | 128,995 | (124,799) | |||
Finder's fee - acquisition | $ 159,562 | 159,562 | ||||
Finder's fee - acquisition (Shares) | 231,250 | |||||
Fair value of options exercised | $ 50,080 | (50,080) | ||||
Ending Balance at Nov. 30, 2018 | $ 5,311,034 | 185,024 | (1,602,085) | 3,893,973 | ||
Ending Balance (Shares) at Nov. 30, 2018 | 31,761,300 | |||||
Statements Line Items | ||||||
Net loss for the year | (4,366,807) | (4,366,807) | ||||
Shares issued for warrants exercised | $ 187,120 | 187,120 | ||||
Shares issued for warrants exercised (Shares) | 910,300 | |||||
Shares issued for options exercised | $ 37,500 | 37,500 | ||||
Shares issued for options exercised (Shares) | 125,000 | |||||
Stock-based compensation | 692,091 | 692,091 | ||||
Fair value of agent warrants exercised | $ 127,254 | (127,254) | ||||
Fair value of options exercised | 13,590 | (13,590) | ||||
Shares to be issued | $ 22,811 | 22,811 | ||||
Foreign currency translation | $ 46,244 | 46,244 | ||||
Ending Balance at Nov. 30, 2019 | $ 5,676,498 | 22,811 | 736,271 | (5,968,892) | 46,244 | 512,932 |
Ending Balance (Shares) at Nov. 30, 2019 | 32,796,600 | |||||
Statements Line Items | ||||||
Net loss for the year | (2,924,236) | (2,924,236) | ||||
Shares issued for warrants exercised | $ 246,667 | 246,667 | ||||
Shares issued for warrants exercised (Shares) | 1,233,334 | |||||
Private placements | $ 1,367,325 | $ (22,811) | 83,109 | 1,427,623 | ||
Private placements (Shares) | 8,232,330 | |||||
Share issuance costs | $ (38,727) | (38,727) | ||||
Shares issued as compensation | $ 125,000 | 125,000 | ||||
Shares issued as compensation (Shares) | 500,000 | |||||
Stock-based compensation | 479,107 | 479,107 | ||||
Foreign currency translation | 19,546 | 19,546 | ||||
Ending Balance at Nov. 30, 2020 | $ 7,376,763 | $ 1,298,487 | $ (8,893,128) | $ 65,790 | $ (152,088) | |
Ending Balance (Shares) at Nov. 30, 2020 | 42,762,264 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - CAD ($) | 12 Months Ended | ||
Nov. 30, 2020 | Nov. 30, 2019 | Nov. 30, 2018 | |
Cash Provided By (Used In) Operating Activities | |||
Net loss for the period | $ (2,924,236) | $ (4,366,807) | $ (986,901) |
Items not affecting cash: | |||
Stock-based compensation | 479,107 | 692,091 | |
Acquisition costs | 159,563 | ||
Amortization expense | 2,985 | 1,717 | |
Foreign exchange loss | 3,743 | ||
Loss on disposition of exploration and evaluation assets | 156,012 | ||
Amortization, right-of-use asset | 38,216 | ||
Interest and accretion | 20,449 | ||
Impairment of development assets | 3,576 | 1,286,094 | |
Impairment of goodwill | 256,876 | ||
Shares issued as compensation | 125,000 | ||
Interest expense | 394 | 1,184 | |
Write-off of inventory | 22,800 | ||
Deferred income tax recovery | (245,479) | (11,324) | |
Changes in non-cash working capital: | |||
Sales tax receivable | 2,993 | (1,324) | (4,413) |
Accounts receivable | (1,334) | (1,488) | |
Inventories | (19,695) | ||
Prepaid expenses | 77,590 | (55,627) | (6,890) |
Due from related parties | (22,570) | (20,673) | 11,350 |
Due to related parties | 36,320 | 9,792 | 3,000 |
Accounts payable | 67,084 | 104,272 | 10,911 |
Net cash used in operating activities | (2,114,515) | (2,317,362) | (663,765) |
Investing Activities | |||
Purchase of equipment | (57,518) | (14,175) | |
Exploration and evaluation assets | 15,000 | ||
Acquisition of business | 47,467 | ||
Lease payment | (48,473) | ||
Development expenses on intangible assets | (3,576) | ||
Net cash provided by (used in) investing activities | (109,567) | (14,175) | 62,467 |
Financing Activities | |||
Common shares issued for cash, options and warrants exercised, net of share issuance costs | 1,635,564 | 224,619 | 3,198,840 |
Loan payable | (52,256) | 50,000 | |
Net cash provided by financing activities | 1,635,564 | 172,363 | 3,248,840 |
Increase (decrease) in cash | (588,518) | (2,159,174) | 2,647,542 |
Effect of foreign exchange rate changes on cash | 30,112 | (1,401) | |
Cash, beginning of the period | 583,119 | 2,743,694 | 96,152 |
Cash, end of the period | $ 24,713 | $ 583,119 | $ 2,743,694 |
NATURE OF OPERATIONS AND ABILIT
NATURE OF OPERATIONS AND ABILITY TO CONTINUE AS A GOING CONCERN | 12 Months Ended |
Nov. 30, 2020 | |
Nature Of Operations And Ability To Continue As Going Concern Abstract | |
NATURE OF OPERATIONS AND ABILITY TO CONTINUE AS A GOING CONCERN [Text Block] | 1. NATURE OF OPERATIONS AND ABILITY TO CONTINUE AS A GOING CONCERN Plymouth Rock Technologies Inc. (the "Company") was incorporated under the Business Corporations Act of British Columbia on October 17, 2011. The head office, principal address and registered and records office of the Company are located at 206 - 1045 West 8th Avenue, Vancouver, BC, V6H 1C3. On March 10, 2016, the Company's common shares commenced trading on the CSE. On January 8, 2019, the Company's common shares commenced trading on the Frankfurt Stock Exchange in Germany under the Symbol: 4XA, WKN# - A2N8RH. Effective August 27, 2019, the Company's common shares commenced trading on the OTC Markets Group ("OTCQB") under the symbol: PLRTF. On October 31, 2018, the Company completed its business acquisition of Plymouth Rock Technologies Inc. (Plymouth Rock USA) and changed its name from Alexandra Capital Corp. to Plymouth Rock Technologies Inc. with the new trading symbol "PRT" on November 1, 2018. As a result of the acquisition, the Company's principal business activity through its subsidiary, Plymouth Rock USA, was changed to focus on developing technologies related to remotely detecting assault firearms and suicide bombs concealed on the person or a carry bag. The Company focuses on detection methods with and without the need for a checkpoint of the suspect who is being screened. The Company's planned products encompass the very latest radar, imaging, and Unmanned Aerial System ("UAS") technologies for quickly detecting, locating and identifying the presence of threats and for search and rescue missions for law enforcement. Going Concern The Company incurred a net loss of $2,924,236 (2019 - $4,366,807) for the year ended November 30, 2020. As at November 30, 2020, the Company had a history of losses and an accumulated deficit of $8,893,128 ( 2019 - $5,968,892). The ability of the Company to continue as a going concern is dependent on achieving profitable operations, commercializing its technologies, and obtaining the necessary financing in order to develop these technologies further. The outcome of these matters cannot be predicted at this time. The Company will continue to review the prospects of raising additional debt and equity financing to support its operations until such time that its operations become self-sustaining, to fund its research and development activities and to ensure the realization of its assets and discharge of its liabilities. While the Company is expending its best efforts to achieve the above plans, there is no assurance that any such activity will generate sufficient funds for future operations. These factors indicate that a material uncertainty exists that casts significant doubt on the Company's ability to continue as a going concern. The Company is not expected to be profitable during the ensuing twelve months, and therefore, must rely on securing additional funds from either issuance of debt or equity financing for cash consideration. During the year ended November 30, 2020, the Company received net cash proceeds of $1,635,564 (2019 - $172,363) These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards ("IFRS") with the assumption that the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future rather than a process of forced liquidation. These consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue in existence. Such adjustments could be material. In March 2020, the World Health Organization declared a global pandemic known as COVID-19. The expected impacts on global commerce are expected to be far reaching. Material uncertainties may come into existence that could influence management's going concern assumption. The duration and impact of the COVID-19 outbreak is currently unknown and it is not possible to reliably estimate the length and severity of these developments and the impact on the financial results and condition of the Company and its subsidiary, in future periods, such as: • This will and has impacted demand and testing for the Company's products and services in the near term and will and has impacted the Company's supply chains. • It may and has also impacted the availability of external funding sources during this period. • the effect on labor availability due to the severity and the length of potential measures taken by governments to manage the spread of the disease. Management continues to closely evaluate the impact of COVID-19 on the Company's business. |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Nov. 30, 2020 | |
Disclosure Of Significant Accounting Policies [Abstract] | |
SIGNIFICANT ACCOUNTING POLICIES [Text Block] | 2. SIGNIFICANT ACCOUNTING POLICIES Basis of presentation These consolidated financial statements ("Financial Statements") have been prepared in accordance with IFRS as issued by the International Accounting Standard Board ("IASB") and interpretations of the International Financial Reporting Interpretations Committee ("IFRIC"). These Financial Statements are authorized for issue by the Board of Directors on March 24, 2021. These Financial Statements have been prepared on the historical cost basis. In addition, these Financial Statements have been prepared using the accrual basis of accounting. These Financial Statements are presented in Canadian dollars, which is the Company's functional currency. The functional currency of Plymouth Rock USA is U.S. Dollars. The assets and liabilities of Plymouth Rock USA are translated into Canadian dollars at the rate of exchange prevailing at the reporting date and their income and expense items are translated at average exchange rates for the period. Exchange differences arising on the translation are recognized in other comprehensive income. Significant accounting judgments, estimates and assumptions The preparation of these Financial Statements in conformity with IFRS requires management to make judgments and estimates and form assumptions that affect the reported amounts of assets and liabilities at the date of the Financial Statements and reported amounts of income and expenses during the period. Actual results could differ from these estimates. Significant estimates used in preparing the Financial Statements include, but are not limited to the following: (i) The calculation of deferred tax is based on the ability of the Company to generate future taxable income, the estimation of which is subject to significant uncertainty as to the amount and timing. The calculation of deferred tax is also based on assumptions, which are subject to uncertainty as to timing and which tax rates are expected to apply when temporary differences reverse. Deferred tax recorded is also subject to uncertainty regarding the magnitude on non-capital losses available for carry forward and of the balances in various tax pools as the corporate tax returns have not been prepared as of the date of financial statement preparation. (ii) The fair value of stock options and finders' warrants issued are subject to the limitations of the Black-Scholes option pricing model that incorporates market data and involves uncertainty in estimates used by management in the assumptions. Because the Black-Scholes option pricing model requires the input of highly subjective assumptions, including the expected lift, volatility of share prices, risk-free rate and dividend yield, changes in subjective input assumptions can materially affect the fair value estimate. (iii) Impairment of non-financial assets Impairment exists when the carrying value of an asset or cash generating unit ("CGU") exceeds its recoverable amount, which is the higher of its fair value less costs to sell and its value in use. The fair value less costs to sell calculation is based on available data from binding sales transactions in an arm's length transaction of similar assets or observable market prices less incremental costs for disposing of the asset. The value in use calculation is based on a discounted cash flow model. At November 30, 2019, Management was unable to project cash flows that can be generated from its CGUs and consequently, the intangible assets acquired and the goodwill generated from a previously completed business acquisition were determined to be impaired, therefore an impairment loss of $1,572,552 Significant judgments used in the preparation of these Financial Statements include, but are not limited to the following: (i) Going concern Management has applied judgements in the assessment of the Company's ability to continue as a going concern when preparing its Financial Statements for the year ended November 30, 2020. Management prepares the Financial Statements on a going concern basis unless management either intends to liquidate the entity or to cease trading or has no realistic alternative but to do so. In assessing whether the going concern assumption is appropriate, management accounts for all available information about the future, which is at least, but is not limited to, twelve months from the end of the reporting period. (ii) Business combinations Determination of whether a set of assets acquired and liabilities assumed constitute the acquisition of a business or asset may require the Company to make certain judgments as to whether or not the assets acquired and liabilities assumed include the inputs, processes and outputs necessary to constitute a business as defined in IFRS 3 - Business Combinations. Based on an assessment of the relevant facts and circumstances, the Company concluded that the acquisition disclosed in Note 13 met the criteria for accounting as a business combination. (iii) Intangible assets Intangible assets can be capitalized only if development costs can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the Company intends to and has sufficient resources to complete development and to use or sell the asset. To determine if the future economic benefit is probable depends on the successful commercialization of its technologies and that in turn depends on the management's judgement and knowledge. As at November 30, 2020, the development costs are not capitalized as management was unable to demonstrate the future economic benefits to be generated from the utilization of the associated expenditures. Cash Cash consists of amounts held in banks and highly liquid investments with limited interest and credit risk. Consolidation The Financial Statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany balances, transactions and any unrealized gains and losses arising from intercompany transactions, have been eliminated. The Company's subsidiary is presented in the table below. Plymouth Rock USA was incorporated under the General Corporation Law of the State of Delaware on March 22, 2018. Entity Country of Incorporation Effective Economic Interest Plymouth Rock Technologies Inc. ("Plymouth Rock USA") USA 100% Intangible assets Intangible assets that are reflected in the consolidated statements of financial position consist of assets acquired through business combinations. Intangible assets acquired in a business combination are recognized separately from goodwill and are initially recognized at their fair value at the acquisition date (which is regarded as their cost). An intangible asset is regarded as having an indefinite useful life when, based on all relevant factors, there is no foreseeable limit to the period over which the asset is expected to generate net cash inflows. Accordingly, the Company does not amortize these intangible assets, but reviews them for impairment, annually or more frequently if events or changes in circumstances indicate that the assets might be impaired. Development costs for internally-generated intangible assets are capitalized when all of the following conditions are met: technical feasibility can be demonstrated; management has the intention to complete the intangible asset and use it; management can demonstrate the ability to use the intangible asset; it is probable that the intangible asset will generate future economic benefits; the Company can demonstrate the availability of adequate technical, financial and other resources to complete the development and to use the intangible asset; and costs attributable to the asset can be measured reliably. The amount initially recognized for internally-generated intangible assets is the sum of the expenditures incurred from the date when the intangible asset first meets the recognition criteria listed above. Where no internally-generated intangible asset can be recognized, development expenditures are charged to the consolidated statements of loss and comprehensive loss in the period in which they are incurred. Equipment Recognition and measurement On initial recognition, equipment is valued at cost, being the purchase price and directly attributable cost of acquisition or construction required to bring the asset to the location and condition necessary to be capable of operating in the manner intended by the Company, including appropriate borrowing costs and the estimated present value of any future unavoidable costs of dismantling and removing the items. The corresponding liability is recognized within provisions. Equipment is subsequently measured at cost less accumulated depreciation, less any accumulated impairment losses. When parts of an item of equipment have different useful lives, they are accounted for as separate items (major components) of equipment. Gains and losses Gains and losses on disposal of an item of equipment are determined by comparing the proceeds from disposal with the carrying amount and are recognized net within other income in profit or loss. Depreciation Half of the normal depreciation is taken in the year of acquisition for equipment with declining balance method. The depreciation rates applicable to each category of property and equipment are as follows: Computer equipment 55% declining balance Furniture 20% declining balance Inventories The Company values inventories at the lower of cost and net realizable value. Cost is determined using the weighted average cost method. Cost includes the costs of purchases net of vendor allowances plus other costs, such as transportation, that are directly incurred to bring the inventories to their present location and condition. Inventory consists of parts used in the construction of its products. Business combinations Business combinations are accounted for using the acquisition method. The cost of the acquisition is measured at the aggregate of the fair values at the date of acquisition, of assets transferred, liabilities incurred or assumed, and equity instruments issued by the Company. The acquiree's identifiable assets and liabilities assumed are recognized at their fair value at the acquisition date. Acquisition related costs are recognized in profit or loss as incurred. The excess of the consideration over the fair value of the net identifiable assets and liabilities acquired is recorded as goodwill. Any gain on a bargain purchase is recorded in profit or loss immediately. Transaction costs are expensed as incurred, except if related to the issue of debt or equity securities. Any goodwill that arises is tested annually for impairment. Share capital The Company records proceeds from the issuance of its common shares as equity. Proceeds received on the issuance of units, consisting of common shares and warrants are allocated between the common share and warrant component. The Company has adopted a residual value method with respect to the measurement of shares and warrants issued as private placement units. The residual value method first allocates value to the most easily measurable component based on fair value and then the residual value, if any, to the less easily measurable component. If the warrants are exercised, the related amount is reclassified as share capital. If the warrants expire unexercised, the related amount remains in warrant reserve. Incremental costs directly attributable to the issue of new common shares are shown in equity as a deduction, net of tax, from the proceeds. Common shares issued for consideration other than cash are valued based on their market value at the date that shares are issued. Share-based payment The Company recognizes share-based payment expense for the estimated fair value of equity-based instruments granted to both employees and non-employees. Compensation expense is recognized when the options are granted with the same amount being recorded as contributed surplus. The expense is determined using an option pricing model that accounts for the exercise price, the term of the option, the current share price, the expected volatility of the underlying shares, the expected dividend yield, and the risk-free interest rate for the term of the option. If the options are exercised, contributed surplus will be reduced by the applicable amount. Share-based payment calculations have no effect in the Company's cash position. Share purchase warrants The Company bifurcates units consisting of common shares and share purchase warrants using the residual value approach whereby it first measures the common share component of the unit at fair value using market prices as input values and then allocates any residual amount to the warrant component of the unit. The residual value of the warrant component is credited to reserves. When warrants are exercised, the corresponding residual value is transferred from reserves to share capital. If the warrants are issued as share issuance costs, the fair value of agent's warrants are measured using the Black-Scholes option pricing model and recognized in equity as a deduction from the proceeds. Earnings (loss) per share Basic earnings (loss) per share are calculated using the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share are calculated using the treasury stock method. This method assumes that common shares are issued for the exercise of options, warrants and convertible securities and that the assumed proceeds from the exercise of options, warrants and convertible securities are used to purchase common shares at the average market price during the period. The difference between the number of shares assumed issued and the number of shares assumed purchased is then added to the basic weighted average number of shares outstanding to determine the fully diluted number of common shares outstanding. No exercise or conversion is assumed during the periods in which a net loss is incurred as the effect is anti-dilutive. Financial instruments Financial assets The Company recognizes financial assets when it becomes party to the contractual provisions of the instrument. Financial assets are measured initially at their fair value plus, in the case of financial assets not subsequently measured at fair value through profit or loss, transaction costs that are directly attributable to their acquisition. Transaction costs attributable to the acquisition of financial assets subsequently measured at fair value through profit or loss are expensed in profit or loss when incurred. Subsequent to initial recognition, all financial assets are classified and subsequently measured at amortized cost. Interest income is calculated using the effective interest method and gains or losses arising from impairment, foreign exchange and derecognition are recognized in profit or loss. Financial assets measured at amortized cost are comprised of cash, accounts receivable and due from related parties. The Company reclassifies debt instruments only when its business model for managing those financial assets has changed. Reclassifications are applied prospectively from the reclassification date and any previously recognized gains, losses or interest are not restated. The Company recognizes a loss allowance for the expected credit losses associated with its financial assets. Expected credit losses are measured to reflect a probability-weighted amount, the time value of money, and reasonable and supportable information regarding past events, current conditions and forecasts of future economic conditions. The Company applies the simplified approach for accounts receivable that do not contain a significant financing component. Using the simplified approach, the Company records a loss allowance equal to the expected credit losses resulting from all possible default events over the assets' contractual lifetime. Financial assets are written off when the Company has no reasonable expectations of recovering all or any portion thereof. The Company derecognizes a financial asset when its contractual rights to the cash flows from the financial asset expire. Financial liabilities The Company recognizes a financial liability when it becomes party to the contractual provisions of the instrument. At initial recognition, the Company measures financial liabilities at their fair value plus transaction costs that are directly attributable to their issuance, with the exception of financial liabilities subsequently measured at fair value through profit or loss for which transaction costs are immediately recorded in profit or loss. Subsequent to initial recognition, all financial liabilities are measured at amortized cost using the effective interest rate method. Interest, gains, and losses relating to a financial liability are recognized in profit or loss. Financial liabilities measured at amortized cost are comprised of accounts payable, lease liability, and due to related parties. The Company derecognizes a financial liability only when its contractual obligations are discharged, cancelled or expire. Interest Interest income and expense are recognized in profit or loss using the effective interest method. The 'effective interest rate' is the rate that exactly discounts estimated future cash payments over the expected life of the financial instrument to the gross carrying amount of the financial asset or the amortized cost of the financial liability. The effective interest rate is calculated considering all contractual terms of the financial instruments, except for the expected credit losses of financial assets. The 'amortized cost' of a financial asset or financial liability is the amount at which the instrument is measured on initial recognition minus principal repayments, plus or minus any cumulative amortization using the effective interest method of any difference between the initial amount and maturity amount and adjusted for any expected credit loss allowance. The 'gross carrying amount' of a financial asset is the amortized cost of a financial asset before adjusting for any expected credit losses. Interest income and expense is calculated by applying the effective interest rate to the gross carrying amount of the financial asset (when the asset is not credit-impaired) or the amortized cost of the financial liability. Where a financial asset has become credit-impaired subsequent to initial recognition, interest income is calculated in subsequent periods by applying the effective interest method to the amortized cost of the financial asset. If the asset subsequently ceases to be credit-impaired, calculation of interest income reverts to the gross basis. Offsetting Financial assets and financial liabilities are offset, with the net amount presented in the statement of financial position, when, and only when, the Company has a current and legally enforceable right to set off the recognized amounts and intends either to settle on a net basis or realize the asset and settle the liability simultaneously. Income and expenses are presented on a net basis only when permitted under IFRS, or when arising from a group of similar transactions if the resulting income and expenses are not material. Goodwill Goodwill is initially measured as the excess of the aggregate of the consideration transferred over the fair value of net identifiable assets acquired and liabilities assumed. Separately recognized goodwill is tested for impairment on an annual basis or when there is an indication of impairment. Impairment losses on goodwill are not reversed. Revenue recognition Revenue is recognized by applying the five-step model under IFRS 15. The Company recognizes revenue when, or as the goods or services are transferred to the control of the customer and performance obligations are satisfied. The Company's revenue is comprised of sales of its radar systems, radar components and engineering design and development services. The Company's revenue is recognized when control of the goods has been transferred, being when the goods are delivered to customers and when all performance obligations have been fulfilled. The amounts recognized as revenue represent the fair values of the considerations received or receivable from third parties on the sales of goods to customers, net of goods and services taxes and less returns, and discounts, at which time there are no conditions for the payment to become due other than the passage of time. For its engineering design and development services, revenue is recognized when the service has been rendered. Government Grants Government grants are recognized at fair value once there is reasonable assurance that the Company will comply with the conditions attached to the grants and that the grants will be received. Government grants are recognized in profit or loss on a systematic basis over the periods in which the Company recognizes as expenses the related costs for which the grants are intended to compensate. A forgivable loan from government is treated as a government grant when there is reasonable assurance that the entity will meet the terms for forgiveness of the loan. Income taxes Income tax is recognized in profit or loss except to the extent that it relates to equity items, in which case it is recognized in equity. Current tax expense is the expected tax payable on the taxable income for the year, using tax rates enacted at period end, adjusted for amendments to tax payable with regards to previous years. Deferred tax is recorded using the liability method, providing for temporary differences, between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The following temporary differences do not result in deferred tax assets or liabilities: goodwill not deductible for tax purposes; the initial recognition of assets or liabilities that affect neither accounting profit (loss) nor taxable profit (loss); and differences relating to investments in subsidiaries to the extent that they will probably not reverse in the foreseeable future. The amount of deferred tax provided is based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the financial position date. A deferred tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis. Related party transactions Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control and related parties may be individuals or corporate entities. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. Change in accounting policies IFRS 16, Leases The company adopted IFRS 16 effective December 1, 2019. IFRS 16 specifies how an entity will recognize, measure, present and disclose leases. The standard provides a single lessee accounting model, requiring lessees to recognize assets and liabilities for all leases unless the lease term is twelve months or less or the underlying asset has a low value. For leases where the Company is the lessee, it recognizes a right-of-use asset and a lease liability for its office premises leases previously classified as operating leases. The Company chose to adopt the modified retrospective approach on transition to IFRS 16 and has chosen not to restate comparative information in accordance with the transitional provisions in IFRS 16. As a result, the comparative information continues to be presented in accordance with the Company's previous accounting policies. The adoption of IFRS 16 resulted in the recognition of a right-of-use asset and a lease liability measured at the present value of the future lease payments on the consolidated statements of financial position. An amortization expense on the right-of-use asset and an interest expense on the lease liability has replaced the operating lease expense. IFRS 16 has changed the presentation of cash flows relating to leases in the Company's consolidated statements of cash flows, however, it does not cause a difference in the amount of cash transferred between the parties of the lease. In accordance with the transition of IFRS 16, as at December 1, 2019 the Company recognized a right-of-use asset and lease liability of $152,864. When measuring lease liabilities, the Company's incremental borrowing rate applied was 15% per annum. Accounting standards, amendments and interpretations not yet effective Certain new standards, interpretations and amendments to existing standards have been issued by the IASB or the IFRIC during the year but are not yet effective. Some updates that are not applicable or are not consequential to the Company may have been excluded from the list below. IAS 1 - IFRIC 23 - - These new and amended standards are not expected to have a material impact on the Company's Financial Statements. |
PREPAID EXPENSES
PREPAID EXPENSES | 12 Months Ended |
Nov. 30, 2020 | |
Disclosure Of Detail Information About Prepaid Expenses [Abstract] | |
PREPAID EXPENSES [Text Block] | 3. PREPAID EXPENSES As at November 30, 2020 and 2019, the Company's prepaid expenses consist of the following: 2020 2019 Advertising and promotions $ 3,000 $ 38,146 Rent 10,611 17,043 Others 12,297 50,350 $ 25,908 $ 105,539 |
EQUIPMENT
EQUIPMENT | 12 Months Ended |
Nov. 30, 2020 | |
Property, plant and equipment [abstract] | |
EQUIPMENT [Text Block] | 4. EQUIPMENT Computer Furniture Demo Equipment Total Cost: Balance at November 30, 2018 $ — $ — $ — $ — Additions 1,720 12,453 — 14,173 Foreign currency translation adjustment 6 2 — 8 Balance at November 30, 2019 1,726 12,455 — 14,181 Additions — — 61,162 61,162 Foreign currency translation adjustment (42 ) (304 ) (3,644 ) (3,990 ) Balance at November 30, 2020 $ 1,684 $ 12,151 $ 57,518 $ 71,353 Accumulated Amortization: Balance at November 30, 2018 $ — $ — $ — $ — Amortization 474 1,245 — 1,719 Foreign currency translation adjustment (1 ) (1 ) — (2 ) Balance at November 30, 2019 473 1,244 — 1,717 Amortization 702 2,283 — 2,985 Foreign currency translation adjustment (41 ) (126 ) — (167 ) Balance at November 30, 2020 $ 1,134 $ 3,401 $ — $ 4,535 Net Book Value: At November 30, 2019 $ 1,253 $ 11,211 $ — $ 12,464 At November 30, 2020 $ 550 $ 8,750 $ 57,518 $ 66,818 The Company's demo equipment is under construction as at November 30, 2020 and therefore, is not currently subject to amortization. |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 12 Months Ended |
Nov. 30, 2020 | |
Intangible assets and goodwill [abstract] | |
INTANGIBLE ASSETS [Text Block] | 5. INTANGIBLE ASSETS The Company's intangible assets were composed of the assets acquired from the business acquisition of Plymouth Rock USA (Note 13). The Company is in the process of developing and commercializing the following intangible assets: (1) A Millimeter Remote Imaging from Airborne Drone ("Drone X1 System"); (2) A compact microwave radar system for scanning shoe's ("Shoe-Scanner"); and (3) Wi-Fi radar techniques for threat detection screening in Wi-Fi enabled zones in buildings and places, such as airports, shopping malls, schools and sports venues ("Wi-Ti"). These assets can remotely detect, locate and identify the presence of threats. Drone X1 System Shoe- Scanner Wi-Ti Total Balance at November 30, 2018 $ 868,547 $ — $ 372,234 $ 1,240,781 Additions — 30,000 — 30,000 Impairment (900,260 ) (29,592 ) (385,826 ) (1,315,678 ) Foreign currency translation adjustment 31,713 (408 ) 13,592 44,897 Balance at November 3 0 $ — $ — $ — $ — For impairment testing purposes, the Company identified that each intangible asset is a separate cash- generating unit ("CGU'). Management was unable to project cash flows that could be generated from each of the CGUs, and consequently an impairment loss to write-down the carrying amounts to $nil was recognized during the year ended November 30, 2019. During the year ended November 30, 2020, research and development costs of $386,044 (2019 - $399,720) were expensed as management was unable to demonstrate the future economic benefits to be generated from the utilization of the assets. |
ACCOUNTS PAYABLE
ACCOUNTS PAYABLE | 12 Months Ended |
Nov. 30, 2020 | |
Disclosure Of Detail Information About Accounts Payable [Abstract] | |
ACCOUNTS PAYABLE [Text Block] | 6. ACCOUNTS PAYABLE As at November 30, 2020 and 2019, the Company's accounts payable consist of the following: 2020 2019 Professional fees $ 74,178 $ 80,216 Funds to be returned to investors 43,046 38,646 Advertising costs 5,164 8,556 Development costs 77,675 42,430 Others 42,215 47,175 $ 242,278 $ 217,023 |
RELATED PARTY TRANSACTIONS AND
RELATED PARTY TRANSACTIONS AND BALANCES | 12 Months Ended |
Nov. 30, 2020 | |
Related party transactions [abstract] | |
RELATED PARTY TRANSACTIONS AND BALANCES [Text Block] | 7. RELATED PARTY TRANSACTIONS AND BALANCES Key management compensation The amounts due to and from related parties are due to the directors and officers of the Company. The balances are unsecured, non-interest bearing and due on demand. These transactions are in the normal course of operations and have been valued in these consolidated financial statements at the exchange amount, which is the amount of consideration established and agreed to by the related parties. Key management is comprised of directors and officers of the Company. As at November 30, 2020, $46,355 (2019 - $10,035) was due to directors and officers of the Company: November 30, 2020 November 30, 2019 Company controlled by CFO $ 3,865 $ 5,000 CEO of the Company 823 5,035 Director 41,667 — $ 46,355 $ 10,035 As at November 30, 2020, $2,500 (2019 - $25,070) was due from directors and officers of the Company: November 30, 2020 November 30, 2019 Company controlled by Corporate Secretary $ — $ 5,250 Director 2,500 19,820 $ 2,500 $ 25,070 As at November 30, 2020, $ Nil During the years ended November 30, 2020, 2019 and 2018, the Company entered into the following transactions with related parties: November 30, 2020 November 30, 2019 November 30, 2018 Management fees $ 114,125 $ 123,000 $ 71,842 Consulting fees 166,667 — — Accounting fees 22,852 24,490 20,748 Rent 20,000 — — Share-based payments 271,993 260,145 — Salaries and benefits to CEO 133,387 318,790 13,200 $ 729,024 $ 726,425 $ 105,790 Accounting fees of $22,852 (2019 - $24,490) were paid to a Company controlled by the CFO and rent of $20,000 (2019 - $ Nil Nil |
GOVERNMENT ASSISTANCE RECEIVED
GOVERNMENT ASSISTANCE RECEIVED | 12 Months Ended |
Nov. 30, 2020 | |
Government Assistance Received [Abstract] | |
GOVERNMENT ASSISTANCE RECEIVED [Text Block] | 8. GOVERMENT ASSISTANCE RECEIVED On May 4, 2020, the Company received a CARES Act Paycheck Protection Program Loan ("PPP Loan") of USD$75,000. The PPP Loan bears interest at 1% per annum and is repayable monthly staring on December 4, 2020. The loan is forgivable if PRT USA meets the requirements outlined below: i) ii) During the year ended November 30, 2020 it was determined that the Company met the requirements for loan forgiveness. As such, the PPP Loan was treated as a government grant and recorded as other income on the consolidated statement of loss and comprehensive loss for the year ended November 30, 2020. During the year November 30, 2020, the Company incurred the following qualifying expenses: — — |
CAPITAL MANAGEMENT
CAPITAL MANAGEMENT | 12 Months Ended |
Nov. 30, 2020 | |
Capital Management [Abstract] | |
CAPITAL MANAGEMENT [Text Block] | 9. CAPITAL MANAGEMENT The Company considers its capital structure to include net residual equity of all assets, less liabilities. The Company's objectives when managing capital are to (i) maintain financial flexibility in order to preserve its ability to meet financial obligations and continue as a going concern; (ii) maintain a capital structure that allows the Company to pursue the development of its projects and products; and (iii) optimize the use of its capital to provide an appropriate investment return to its shareholders commensurate with risk. The Company's financial strategy is formulated and adapted according to market conditions in order to maintain a flexible capital structure that is consistent with its objectives and the risk characteristics of its underlying assets. The Company manages its capital structure and adjusts it in light of changes in economic conditions and the risk characteristics of its underlying assets. To maintain or adjust the capital structure, the Company may attempt to issue new shares or acquire or dispose of assets. |
SHARE CAPITAL
SHARE CAPITAL | 12 Months Ended |
Nov. 30, 2020 | |
Disclosure of classes of share capital [abstract] | |
SHARE CAPITAL [Text Block] | 10. SHARE CAPITAL (a) Authorized: Unlimited number of common shares without par value As at November 30, 2020, there were 42,762,264 common shares issued and outstanding (2019 - 32,796,600). During the year ended November 30, 2020: On September 30, 2020, the Company issued 50,000 common shares pursuant to the exercise of 50,000 share purchase warrants at $0.20 per share. On September 30, 2020, the Company issued 250,000 common shares were issued as compensation for consulting fees to a director (Note 7) valued at a total of $62,500. On September 30, 2020, the Company issued an aggregate of 1,335,165 units at a price of $0.30 per unit for gross proceeds of $400,550. Each Unit consists of one common share and one-half of one non-transferable common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to purchase one additional common share at a price of $0.50 for two years until September 30, 2022. The fair value of the warrants is determined to be $81,609. On September 30, 2020, the Company issued 50,000 units at a fair value of $22,811 pursuant to the binding agreement with Aerowave Corporation as described in Note 14. Each Unit consists of one common share and one-half of one non-transferable common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to purchase one additional common share at a price of $0.50 for two years until September 30, 2022. The fair value of the warrants is determined to be $1,500. On September 24, 2020, the Company issued 100,000 common shares pursuant to the exercise of 100,000 share purchase warrants at $0.20 per share. On September 22, 2020, the Company issued 100,000 common shares pursuant to the exercise of 100,000 share purchase warrants at $0.20 per share. On August 21, 2020, the Company issued 250,000 common shares were issued as compensation for consulting fees to a Director (Note 7) valued at a total of $62,500. On August 13, 2020, the Company issued 483,334 common shares pursuant to the exercise of 483,334 share purchase warrants at $0.20 per share. On July 3, 2020, the Company issued 500,000 common shares pursuant to the exercise of 500,000 share purchase warrants at $0.20 per share. On May 15, 2020, the Company issued an aggregate of 3,718,831 units at a price of $0.15 per unit for gross proceeds of $557,825. Each unit consists of one common share in the capital of the Company and one whole transferable common share purchase warrant (a "Warrant"). Each whole Warrant is exercisable to acquire one common share at an exercise price of $0.20 per share until May 15, 2022. On April 24, 2020, the Company issued an aggregate of 3,128,334 units at a price of $0.15 per unit for gross proceeds of $469,250. Each unit consists of one common share in the capital of the Company and one whole transferable common share purchase warrant (a "Warrant"). Each whole Warrant is exercisable to acquire one common share at an exercise price of $0.20 per share until April 24, 2022. In connection with the April 24, 2020 and May 15, 2020 private placements, the Company paid $38,727 in share issuance costs. On February 4, 2020, the Company announced that it has arranged a non-brokered private placement financing of up to 10,000,000 units of securities at a price of $0.40 per unit for aggregate gross proceeds of up to $4,000,000 (the "Offering"). Each unit will be comprised of one common share and one-half of one non-transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.80 for two years from closing of the Offering. On March 16, 2020, due to the instability in the financial markets caused by the COVID-19 pandemic, the Company cancelled this private placement. As at November 30, 2020, the Company holds $4,400 in connection with this cancelled private placement. These funds are payable to investors and have been reclassified to accounts payable and accrued liabilities. During the year ended November 30, 2019: During the year ended November 30, 2019, the Company issued a total of 910,300 common shares for gross proceeds of $187,120 for 7,500 warrants exercised at a price of $0.60 per share, 307,800 warrants exercised at a price of $0.40 per share and 595,000 warrants exercised at a price of $0.10 per share. The Company also issued a total of 125,000 common shares for gross proceeds of $37,500 for 125,000 options exercised at a price of $0.30 per share. During the year ended November 30, 2018: During the year ended November 30, 2018, the Company issued a total of 2,045,000 common shares for gross proceeds of $204,500 for warrants exercised at a price of $0.10 per share. On April 25, 2018, the Company closed the first tranche of its previously announced non-brokered private placement. The Company issued 4,475,000 units at a price of $0.40 per unit for gross proceeds of $1,790,000. Each unit consists of one common share and one-half share purchase warrant with each whole warrant entitling the holder to purchase one common share of the Company at a price of $0.60 for 1 year from closing. On April 15, 2019, the share purchase warrants were extended to nine months. The new expiry date of the warrants is October 25, 2019. Finder's fees of cash equal to 6% of proceeds and finder's warrants equal to 6% of the number of units issued were paid to five finders. Each finder's warrant will be exercisable to acquire one common share for a period of one year from closing at a price of $0.40. All securities issued are subject to a four month hold period expiring August 25, 2018. 266,850 finder's warrants were granted at an estimated fair value of $110,574, which has been included in contributed surplus. The fair value of the warrants was estimated using the Black-Scholes option pricing model with the following assumptions: expected life 1 year, volatility 166%, risk-free rate 1.88%, dividend yield 0%. On May 18, 2018, the Company closed the second and final tranche of its previously announced non-brokered private placement. The Company issued 2,035,550 units at a price of $0.40 per unit for gross proceeds of $814,220. Each unit consists of one common share and one-half share purchase warrant with each whole warrant entitling the holder to purchase one common share of the Company at a price of $0.60 for 1 year from closing. On April 15, 2019, the share purchase warrants were extended to nine months. The new expiry date of the warrants is November 18, 2019. Finder's fees of cash in an amount equal to 6% of proceeds and finder's warrants equal to 6% of the number of units issued were paid to four finders. Each finder's warrant will be exercisable to acquire one common share for a period of one year from closing at a price of $0.40. All securities issued are subject to a four month hold period expiring September 18, 2018. 45,150 finder's warrants were granted at an estimated fair value of $18,420, which has been included in contributed surplus. The fair value of the warrants was estimated using the Black-Scholes option pricing model with the following assumptions: expected life 1 year, volatility 168%, risk-free rate 1.99%, dividend yield 0%. With the closure of the second and final tranche of its previously announced non-brokered private placement, the subscription received of $38,646 has been reclassified to accounts payable and accrued liabilities since investors overpaid for their subscription. On May 29, 2018, the Company issued a total of 125,000 common shares at $0.30 per share, for gross proceeds of $37,500, for options exercised by a former director of the Company. On August 23, 2018, the Company issued 500,000 common shares at a price of $0.10 per share, for gross proceeds of $50,000, for options exercised by a former director of the Company. On October 31, 2018, the Company issued 3,000,000 common shares at $0.41 per share for the acquisition of Plymouth Rock USA (Note 13). In addition, on November 1, 2018, the Company issued 231,250 common shares at $0.69 per share as finder's fees to complete the acquisition. As at November 30, 2020, the Company has 405,000 common shares (2019 - 810,000) held in escrow. (b) On November 12, 2014 the Company adopted an incentive stock option plan (the "Option Plan") which provides that the Board of Directors of the Company may from time to time, in its discretion, and in accordance with the Exchange requirements, grant to directors, officers, employees, and consultants to the Company, non-transferable options to purchase common shares, provided that the number of common shares reserved for issuance will not exceed 10% of the issued and outstanding common shares in the capital of the Company at the time of granting of options. On January 16, 2019, the Company granted 2,300,000 stock options, which are exercisable for a period of five years, at a price of $0.60 per share. During the year, 150,000 of these stock options were cancelled. The remaining 2,150,000 stock options vest as follows: (i) 1,075,000 options on January 15, 2020, (ii) 268,750 options on April 15, 2020, (iii) 268,750 options on July 15, 2020, (iv) 268,750 options on October 15, 2020, and (v) 268,750 options on January 15, 2021. The fair value was estimated using the Black-Scholes pricing model with estimated, stock price of $0.54, volatility 100%, risk-free rate 1.93%, dividend yield 0%, and expected life of 5 years. With these assumptions, the fair value of options was determined to be $913,140, which will be expensed over the vesting period. On March 21, 2019, the Company granted an aggregate of 350,000 incentive stock options to consultants of the Company with an exercise price of $0.60 per share for a period of five years from the date of grant. The stock options vest as follows: (i) 175,000 options on March 20, 2020, (ii) 43,750 options on June 20, 2020, (iii) 43,750 options on December 20, 2020, (iv) 43,750 options on March 20, 2021, and (v) 43,750 options on June 20, 2021. The fair value was estimated using the Black-Scholes pricing model with estimated, stock price of $0.57, volatility 100%, risk-free rate 1.56%, dividend yield 0%, and expected life of 5 years. With these assumptions, the fair value of options was determined to be $147,613, which will be expensed over the vesting period. On November 29, 2019, the Company granted an aggregate of 650,000 incentive stock options to consultants and a director of the Company with an exercise price of $0.50 per share for a period of five years from the date of grant. The stock options vest as follows: (i) 325,000 options on November 30, 2020 and (ii) 325,000 options on November 30, 2021. The fair value was estimated using the Black-Scholes pricing model with estimated, stock price of $0.49, volatility 100%, risk-free rate 1.49%, dividend yield 0%, and expected life of 5 years. With these assumptions, the fair value of options was determined to be $236,809, which will be expensed over the vesting period. During the year ended November 30, 2020, 200,000 (2019 - 150,000) options issued to a director and a consultant were cancelled before vesting. Stock-based compensation recognized in profit or loss for the year ended November 30, 2020 amounted to $479,107 (2019 - $692,091; 2018 - $ nil Stock option transactions and the number of stock options outstanding as at November 30, 2020, 2019 and 2018 are summarized as follows: Number of Weighted Average Options Exercise Price Balance, November 30, 2017 750,000 $ 0.17 Exercised (625,000 ) 0.14 Balance, November 30, 2018 125,000 0.30 Granted 3,300,000 0.58 Exercised (125,000 ) 0.30 Cancelled (150,000 ) 0.60 Balance, November 30, 2019 3,150,000 0.58 Cancelled (200,000 ) 0.60 Balance, November 30, 2020 2,950,000 $ 0.58 Expiry Date Exercise Price Numbers of Numbers of Weighted average Weighted price January 15, 2024 $ 0.60 2,150,000 1,881,250 2.28 $ 0.44 March 20, 2024 0.60 150,000 93,750 0.17 0.03 November 28, 2024 0.50 650,000 325,000 0.88 0.11 2,950,000 2,300,000 3.33 $ 0.58 (d) On September 30, 2020, the Company granted 692,583 common share purchase warrants as part of a non-brokered private placement and binding agreement with Aerowave Corporation. Each warrant is exercisable to acquire one common share at an exercise price of $0.50 per share until September 30, 2022. On May 15, 2020, the Company granted 3,718,831 common share purchase warrants as part of a non-brokered private placement. Each warrant is exercisable to acquire one common share at an exercise price of $0.20 per share until May 15, 2022. During the year ended November 30, 2020, 1,233,334 warrants were exercised at $0.20 per share. On April 24, 2020, the Company granted 3,128,334 common share purchase warrants as part of a non-brokered private placement. Each warrant is exercisable to acquire one common share at an exercise price of $0.20 per share until April 24, 2022. Share purchase warrant transactions and the number of share purchase warrants outstanding as at November 30, 2020, 2019 and 2018 are summarized as follows: Number of Warrants Weighted Average Balance, November 30, 2017 2,640,000 $ 0.10 Warrants granted 3,567,275 0.58 Warrants exercised (2,045,000 ) 0.10 Balance, November 30, 2018 4,162,275 0.51 Warrants expired (3,251,975 ) 0.60 Warrants exercised (910,300 ) 0.21 Balance, November 30, 2019 — — Warrants granted 7,539,748 0.90 Warrants exercised (1,233,334 ) 0.11 Balance, November 30, 2020 6,306,414 $ 0.23 Expiry Date Exercise Price Numbers of warrants outstanding Weighted average remaining contractual life (year) Weighted average exercise price April 24, 2022 $ 0.20 2,145,000 0.48 $ 0.07 May 15, 2022 0.20 3,468,831 0.80 0.11 September 30, 2022 0.50 692,583 0.20 0.05 6,306,414 1.48 $ 0.23 |
FINANCIAL RISK MANAGEMENT
FINANCIAL RISK MANAGEMENT | 12 Months Ended |
Nov. 30, 2020 | |
Disclosure Of Financial Risk Management Explanatory [Abstract] | |
FINANCIAL RISK MANAGEMENT [Text Block] | 11. FINANCIAL RISK MANAGEMENT The Company's financial assets consist of cash, accounts receivable and due from related parties. The estimated fair values of cash, subscription receivable, and due from related parties approximate their respective carrying values due to the short period to maturity. Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy according to the relative reliability of the inputs used to estimate the fair values. The three levels of the fair value hierarchy are: a. b. c. For the years ended November 30, 2020 and 2019, the fair value of the cash, accounts receivable, accounts payable, and due to and from related parties approximate the book value due to the short-term nature. The Company is exposed to a variety of financial instrument related risks. The Board approves and monitors the risk management processes, inclusive of counterparty limits, controlling and reporting structures. The type of risk exposure and the way in which such exposure is managed is provided as follows: Liquidity Risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations when they become due. The Company ensures, as far as reasonably possible, it will have sufficient capital in order to meet short-term business requirements, after taking into account cash flows from operations and the Company's holdings of cash. The Company believes that these sources will be sufficient to cover the likely short-term cash requirements. The Company's cash is currently invested in business accounts which is available on demand by the Company for its operations. Interest Rate Risk Interest rate risk is the risk that future cash flows will fluctuate as a result of changes in market interest rates. The Company has no significant interest rate risk due to the short-term nature of its interest generating assets. Credit Risk Credit risk is the risk of a loss when a counterparty to a financial instrument fails to meet its contractual obligations. The Company's exposure to credit risk is limited to its cash. The Company limits its exposure to credit risk by holding its cash in deposits with high credit quality Canadian financial institutions. Foreign Currency Risk The Company is exposed to foreign currency risk on fluctuations related to cash, leases, due from related parties and accounts payable and accrued liabilities that are denominated in US dollars. 10% fluctuations in the US dollar against the Canadian dollar have affected comprehensive loss for the year by approximately $13,325 (2019 - $7,110). |
SUPPLEMENTAL CASH FLOW INFORMAT
SUPPLEMENTAL CASH FLOW INFORMATION | 12 Months Ended |
Nov. 30, 2020 | |
Supplemental Cash Flows Information Abstract | |
SUPPLEMENTAL CASH FLOW INFORMATION [Text Block] | 12. SUPPLEMENTAL CASH FLOW INFORMATION During the year ended November 30, 2020, 2019 and 2018 the Company has the following non-cash investing and financing activities: November 30 2020 2019 2018 Non-cash financing activities: Fair value of options cancelled and expired $ — $ 59,553 $ — Fair value of options exercised — 13,590 50,080 Fair value of agent warrants granted — 127,254 — Shares issued for options exercised — 37,500 — Shares issued for warrants exercised — 187,120 — Share issuance costs — — 128,995 Non-cash investing activities: Shares issued for acquisition — 1,399,763 Shares to be issued for acquisition of inventory — 22,800 — Shares issued for consulting services $ 125,000 $ — $ — |
BUSINESS ACQUISITON
BUSINESS ACQUISITON | 12 Months Ended |
Nov. 30, 2020 | |
Disclosure of detailed information about business combination [abstract] | |
BUSINESS ACQUISITON [Text Block] | 13. BUSINESS ACQUISITON On October 31, 2018, the Company completed the acquisition of private Delaware corporation Plymouth Rock Technologies Inc. ("Plymouth Rock USA") in consideration of the issuance of 3,000,000 common shares of the Company (the "Transaction") at $0.413 per share. The Transaction has been accounted for as a business combination, using the acquisition method. The Financial Statements include the financial statements of the Company and from the date of acquisition its 100% interest in Plymouth Rock USA. To account for the Transaction, the Company determined the fair value of assets and liabilities of Plymouth Rock USA at the date of the acquisition. The purchase price allocation of Plymouth Rock USA is as follows: Consideration Common shares $ 1,240,200 Purchase Price Allocation: Cash 47,467 Prepaid 2,626 Intangible assets: Development assets 304,000 Intellectual and engineering development 936,781 Loan (50,674 ) (253,975 ) Goodwill 253,975 $ 1,240,200 These fair value assessments require management to make significant estimates and assumptions as well as applying judgement in selecting appropriate valuation techniques. The Company issued 231,250 common shares at $0.69 per share as finder's fees to complete the acquisition and the cost related to acquisition were recognized as an expense in the year ended November 30, 2018. During the year ended November 30, 2019, the Company recognized impairment of Goodwill of $256,874 which brought down the carrying value of Goodwill to $ Nil |
COMMITMENTS
COMMITMENTS | 12 Months Ended |
Nov. 30, 2020 | |
Commitments [Abstract] | |
COMMITMENTS [Text Block] | 14. COMMITMENTS On October 17, 2019, the Company entered into a binding agreement to acquire the intellectual property, finished goods and inventory and name rights from Massachusetts based aerospace and scientific component manufacturer Aerowave Corporation ("Aerowave"). The acquisition is an asset acquisition. Under the terms of the agreement, Plymouth Rock will issue Aerowave's principals 50,000 common shares. The common shares will be restricted securities under the US Securities Act and subject to Canadian securities legislation. The fair value of these common shares was $22,811. The entire purchase consideration was allocated to finished goods as of the acquisition date. As the Company was not able to sell any of the acquired inventory, the entire amount has been expensed during the year ended November 30, 2019. On September 30, 2020, the Company issued 50,000 common shares to Aerowave (Note 10a). On January 2, 2020, the Company entered into an advertising agreement with an arm's length party for 12 months. The Company shall pay a total of $36,000 in four equal installments - $9,000 on February 2, 2020, $9,000 on May 2, 2020, $9,000 on August 2, 2020 and $9,000 on November 2, 2020. As at November 30, 2020, $3,000 was included in prepaid (Note 3). On April 1, 2020 the Company entered into an agreement with a Director of the Company to provide consulting services. The Company shall pay $250,000 annually either through cash in 12 monthly installments at the end of each calendar month or through the issuance of 1,000,000 common shares of the Company in four equal quarterly installments, in arrears (Note 7). |
RIGHT-OF-USE ASSETS AND LEASE L
RIGHT-OF-USE ASSETS AND LEASE LIABILITY | 12 Months Ended |
Nov. 30, 2020 | |
Right Of Use Assets And Lease Liability [Abstract] | |
RIGHT-OF-USE ASSETS AND LEASE LIABILITY [Text Block] | 15. RIGHT-OF-USE ASSETS AND LEASE LIABILITY Right-of-use Assets The following is the continuity of the cost and accumulated amortization of right-of-use assets, for the year ended November 30, 2020: 2020 Recognition upon adoption of IFRS 16 $ 152,864 Amortization expense for the year (38,216 ) $ 114,648 Lease liability The following is the continuity of lease liability, for the year ended November 30, 2020: 2020 Recognition upon adoption of IFRS 16 $ 152,864 Lease payments (48,473 ) Interest expense on lease liability 20,449 $ 124,840 Current portion $ 34,105 Long-term portion $ 90,735 As at November 30, 2020, the minimum lease payments for the lease liabilities are as follows: Year ending: 2021 $ 49,925 2022 51,425 2023 52,974 $ 154,324 Less: Interest expense on lease liabilities (29,484 ) Total present value of minimum lease payments $ 124,840 In November 2018, Plymouth Rock USA entered into a two-year lease agreement for leased premises in Plymouth, Massachusetts, commencing December 1, 2018 and ending on November 30, 2020 which was extended for an additional three years. The minimum base rent is USD$2,917 per month for the period from December 1, 2018 to November 30, 2019, USD$3,005 per month from December 1, 2019 to November 30, 2020, USD$3,095 per month from December 1, 2020 to November 30, 2021, USD$3,188 per month from December 1, 2021 to November 30, 2022 and USD$3,284 per month from December 1, 2022 to November 30, 2023. |
SEGMENTED INFORMATION
SEGMENTED INFORMATION | 12 Months Ended |
Nov. 30, 2020 | |
Disclosure of operating segments [abstract] | |
SEGMENTED INFORMATION [Text Block] | 16. SEGMENTED INFORMATION The Company operates in one business segment, focusing on developing technologies as described in The Company's revenues were generated in the US and were mostly composed of sales of engineering design services and radar components to well-known US government agencies and prime contractors. All the long-lived assets are located in the U.S. as of November 30, 2020 and 2019. |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Nov. 30, 2020 | |
Income taxes paid (refund) [abstract] | |
INCOME TAXES [Text Block] | 17. INCOME TAXES The following table reconciles the expected income taxes expense (recovery) at the Canadian statutory income tax rates to the amounts recognized in the statement of operations and comprehensive loss for the years ended November 30, 2020, 2019, and 2018: 2020 2019 2018 Net loss before tax and comprehensive loss $ (2,924,236 ) $ (4,612,286 ) $ (998,225 ) Statutory tax rate 27.00% 27.00% 26.92% Expected income tax (recovery) $ (789,544 ) $ (1,245,317 ) $ (268,689 ) Non-deductible items and others 44,866 61,781 43,592 Goodwill impairment — 186,864 — Change in estimates — (214,745 ) — Change in deferred tax assets not recognized 744,678 965,938 213,774 Income tax expense (recovery) $ — $ (245,479 ) $ (11,323 ) The unrecognized deductible temporary differences as at November 30, 2020 and 2019 are comprised of the following: 2020 2019 Non-capital loss carry forwards $ 3,819,983 $ 2,258,584 Net operating losses 2,291,555 1,426,074 Intangible assets 1,300,828 1,316,280 Others 206,771 188,156 Total unrecognized deductible temporary differences $ 7,619,137 $ 5,189,094 Non-capital losses carryforward: The Company has non-capital loss carryforwards and net operating losses, for which no deferred tax asset has been recognized of approximately $6,111,538 (2019: $3,684,658) which may be carried forward to apply against future income for Canadian and US income tax purposes, subject to the final determination by taxation authorities, expiring in the following years: Expiry 2020 2031 $ 2,937 2032 73,161 2033 59,622 2034 117,154 2035 122,790 2036 138,822 2037 127,413 2038 675,203 2039 2,350,798 2040 2,443,638 TOTAL $ 6,111,538 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Nov. 30, 2020 | |
Disclosure of non-adjusting events after reporting period [abstract] | |
SUBSEQUENT EVENTS [Text Block] | 18. SUBSEQUENT EVENTS On February 26, 2021, the Company signed a Letter of Intent (the "LOI") to acquire Tetra Drones Ltd. ("Tetra"), a company with which the Company has closely collaborated on sensor technology. Pursuant to the LOI, the Company will acquire Tetra for the sum of £350,000 GBP, payable on an installment basis. As a result of the acquisition, the Company will own all outstanding shares of Tetra and will assume Tetra's existing liabilities. The principal owner of Tetra will become part of the Company's management and shall be paid a monthly salary along with bonus shares or other equity instruments at the discretion of the board. All expenses related to the transaction will be paid by the Company. The Company is currently in the process of seeking counsel regarding attaining the necessary capital through equity issuance. On January 29, 2021, the Company issued 3,180,000 Units at $0.20 per unit for proceeds of $636,000. Each unit is comprised of one common share and one full non-transferable common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.25 for five years. The Company paid finders' fees in the amount of $10,480, issued 170,000 common shares, and issued 8% broker warrants in connection with some subscribers of the Offering. On January 21, 2021, the Company granted 1,550,000 incentive stock options to directors, consultants, and employees with an exercise price of $0.75 per share for a period of five years from the date of grant. Subsequent to November 30, 2020, the Company issued an aggregate of 350,000 common shares pursuant to the exercise of stock options at prices ranging from $0.50 to $0.60 per common share. Subsequent to November 30, 2020, the Company issued an aggregate of 5,700,666 common shares pursuant to the exercise of warrants at prices ranging from $0.20 to $0.50 per common share. On December 31, 2020, the Company issued 250,000 common shares for payment of consulting fees to a Director. |
SIGNIFICANT ACCOUNTING POLICI_2
SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Nov. 30, 2020 | |
Notes to Financial Statements [Abstract] | |
Basis of presentation [Policy Text Block] | Basis of presentation These consolidated financial statements ("Financial Statements") have been prepared in accordance with IFRS as issued by the International Accounting Standard Board ("IASB") and interpretations of the International Financial Reporting Interpretations Committee ("IFRIC"). These Financial Statements are authorized for issue by the Board of Directors on March 24, 2021. These Financial Statements have been prepared on the historical cost basis. In addition, these Financial Statements have been prepared using the accrual basis of accounting. These Financial Statements are presented in Canadian dollars, which is the Company's functional currency. The functional currency of Plymouth Rock USA is U.S. Dollars. The assets and liabilities of Plymouth Rock USA are translated into Canadian dollars at the rate of exchange prevailing at the reporting date and their income and expense items are translated at average exchange rates for the period. Exchange differences arising on the translation are recognized in other comprehensive income. |
Significant accounting judgments, estimates and assumptions [Policy Text Block] | Significant accounting judgments, estimates and assumptions The preparation of these Financial Statements in conformity with IFRS requires management to make judgments and estimates and form assumptions that affect the reported amounts of assets and liabilities at the date of the Financial Statements and reported amounts of income and expenses during the period. Actual results could differ from these estimates. Significant estimates used in preparing the Financial Statements include, but are not limited to the following: (i) The calculation of deferred tax is based on the ability of the Company to generate future taxable income, the estimation of which is subject to significant uncertainty as to the amount and timing. The calculation of deferred tax is also based on assumptions, which are subject to uncertainty as to timing and which tax rates are expected to apply when temporary differences reverse. Deferred tax recorded is also subject to uncertainty regarding the magnitude on non-capital losses available for carry forward and of the balances in various tax pools as the corporate tax returns have not been prepared as of the date of financial statement preparation. (ii) The fair value of stock options and finders' warrants issued are subject to the limitations of the Black-Scholes option pricing model that incorporates market data and involves uncertainty in estimates used by management in the assumptions. Because the Black-Scholes option pricing model requires the input of highly subjective assumptions, including the expected lift, volatility of share prices, risk-free rate and dividend yield, changes in subjective input assumptions can materially affect the fair value estimate. (iii) Impairment of non-financial assets Impairment exists when the carrying value of an asset or cash generating unit ("CGU") exceeds its recoverable amount, which is the higher of its fair value less costs to sell and its value in use. The fair value less costs to sell calculation is based on available data from binding sales transactions in an arm's length transaction of similar assets or observable market prices less incremental costs for disposing of the asset. The value in use calculation is based on a discounted cash flow model. At November 30, 2019, Management was unable to project cash flows that can be generated from its CGUs and consequently, the intangible assets acquired and the goodwill generated from a previously completed business acquisition were determined to be impaired, therefore an impairment loss of $1,572,552 Significant judgments used in the preparation of these Financial Statements include, but are not limited to the following: (i) Going concern Management has applied judgements in the assessment of the Company's ability to continue as a going concern when preparing its Financial Statements for the year ended November 30, 2020. Management prepares the Financial Statements on a going concern basis unless management either intends to liquidate the entity or to cease trading or has no realistic alternative but to do so. In assessing whether the going concern assumption is appropriate, management accounts for all available information about the future, which is at least, but is not limited to, twelve months from the end of the reporting period. (ii) Business combinations Determination of whether a set of assets acquired and liabilities assumed constitute the acquisition of a business or asset may require the Company to make certain judgments as to whether or not the assets acquired and liabilities assumed include the inputs, processes and outputs necessary to constitute a business as defined in IFRS 3 - Business Combinations. Based on an assessment of the relevant facts and circumstances, the Company concluded that the acquisition disclosed in Note 13 met the criteria for accounting as a business combination. (iii) Intangible assets Intangible assets can be capitalized only if development costs can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the Company intends to and has sufficient resources to complete development and to use or sell the asset. To determine if the future economic benefit is probable depends on the successful commercialization of its technologies and that in turn depends on the management's judgement and knowledge. As at November 30, 2020, the development costs are not capitalized as management was unable to demonstrate the future economic benefits to be generated from the utilization of the associated expenditures. |
Cash [Policy Text Block] | Cash Cash consists of amounts held in banks and highly liquid investments with limited interest and credit risk. |
Consolidation [Policy Text Block] | Consolidation The Financial Statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany balances, transactions and any unrealized gains and losses arising from intercompany transactions, have been eliminated. The Company's subsidiary is presented in the table below. Plymouth Rock USA was incorporated under the General Corporation Law of the State of Delaware on March 22, 2018. Entity Country of Incorporation Effective Economic Interest Plymouth Rock Technologies Inc. ("Plymouth Rock USA") USA 100% |
Intangible assets [Policy Text Block] | Intangible assets Intangible assets that are reflected in the consolidated statements of financial position consist of assets acquired through business combinations. Intangible assets acquired in a business combination are recognized separately from goodwill and are initially recognized at their fair value at the acquisition date (which is regarded as their cost). An intangible asset is regarded as having an indefinite useful life when, based on all relevant factors, there is no foreseeable limit to the period over which the asset is expected to generate net cash inflows. Accordingly, the Company does not amortize these intangible assets, but reviews them for impairment, annually or more frequently if events or changes in circumstances indicate that the assets might be impaired. Development costs for internally-generated intangible assets are capitalized when all of the following conditions are met: technical feasibility can be demonstrated; management has the intention to complete the intangible asset and use it; management can demonstrate the ability to use the intangible asset; it is probable that the intangible asset will generate future economic benefits; the Company can demonstrate the availability of adequate technical, financial and other resources to complete the development and to use the intangible asset; and costs attributable to the asset can be measured reliably. The amount initially recognized for internally-generated intangible assets is the sum of the expenditures incurred from the date when the intangible asset first meets the recognition criteria listed above. Where no internally-generated intangible asset can be recognized, development expenditures are charged to the consolidated statements of loss and comprehensive loss in the period in which they are incurred. |
Equipment [Policy Text Block] | Equipment Recognition and measurement On initial recognition, equipment is valued at cost, being the purchase price and directly attributable cost of acquisition or construction required to bring the asset to the location and condition necessary to be capable of operating in the manner intended by the Company, including appropriate borrowing costs and the estimated present value of any future unavoidable costs of dismantling and removing the items. The corresponding liability is recognized within provisions. Equipment is subsequently measured at cost less accumulated depreciation, less any accumulated impairment losses. When parts of an item of equipment have different useful lives, they are accounted for as separate items (major components) of equipment. Gains and losses Gains and losses on disposal of an item of equipment are determined by comparing the proceeds from disposal with the carrying amount and are recognized net within other income in profit or loss. Depreciation Half of the normal depreciation is taken in the year of acquisition for equipment with declining balance method. The depreciation rates applicable to each category of property and equipment are as follows: Computer equipment 55% declining balance Furniture 20% declining balance |
Inventories [Policy Text Block] | Inventories The Company values inventories at the lower of cost and net realizable value. Cost is determined using the weighted average cost method. Cost includes the costs of purchases net of vendor allowances plus other costs, such as transportation, that are directly incurred to bring the inventories to their present location and condition. Inventory consists of parts used in the construction of its products. |
Business combinations [Policy Text Block] | Business combinations Business combinations are accounted for using the acquisition method. The cost of the acquisition is measured at the aggregate of the fair values at the date of acquisition, of assets transferred, liabilities incurred or assumed, and equity instruments issued by the Company. The acquiree's identifiable assets and liabilities assumed are recognized at their fair value at the acquisition date. Acquisition related costs are recognized in profit or loss as incurred. The excess of the consideration over the fair value of the net identifiable assets and liabilities acquired is recorded as goodwill. Any gain on a bargain purchase is recorded in profit or loss immediately. Transaction costs are expensed as incurred, except if related to the issue of debt or equity securities. Any goodwill that arises is tested annually for impairment. |
Share capital [Policy Text Block] | Share capital The Company records proceeds from the issuance of its common shares as equity. Proceeds received on the issuance of units, consisting of common shares and warrants are allocated between the common share and warrant component. The Company has adopted a residual value method with respect to the measurement of shares and warrants issued as private placement units. The residual value method first allocates value to the most easily measurable component based on fair value and then the residual value, if any, to the less easily measurable component. If the warrants are exercised, the related amount is reclassified as share capital. If the warrants expire unexercised, the related amount remains in warrant reserve. Incremental costs directly attributable to the issue of new common shares are shown in equity as a deduction, net of tax, from the proceeds. Common shares issued for consideration other than cash are valued based on their market value at the date that shares are issued. |
Share-based payment [Policy Text Block] | Share-based payment The Company recognizes share-based payment expense for the estimated fair value of equity-based instruments granted to both employees and non-employees. Compensation expense is recognized when the options are granted with the same amount being recorded as contributed surplus. The expense is determined using an option pricing model that accounts for the exercise price, the term of the option, the current share price, the expected volatility of the underlying shares, the expected dividend yield, and the risk-free interest rate for the term of the option. If the options are exercised, contributed surplus will be reduced by the applicable amount. Share-based payment calculations have no effect in the Company's cash position. |
Share purchase warrants [Policy Text Block] | Share purchase warrants The Company bifurcates units consisting of common shares and share purchase warrants using the residual value approach whereby it first measures the common share component of the unit at fair value using market prices as input values and then allocates any residual amount to the warrant component of the unit. The residual value of the warrant component is credited to reserves. When warrants are exercised, the corresponding residual value is transferred from reserves to share capital. If the warrants are issued as share issuance costs, the fair value of agent's warrants are measured using the Black-Scholes option pricing model and recognized in equity as a deduction from the proceeds. |
Earnings (loss) per share [Policy Text Block] | Earnings (loss) per share Basic earnings (loss) per share are calculated using the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share are calculated using the treasury stock method. This method assumes that common shares are issued for the exercise of options, warrants and convertible securities and that the assumed proceeds from the exercise of options, warrants and convertible securities are used to purchase common shares at the average market price during the period. The difference between the number of shares assumed issued and the number of shares assumed purchased is then added to the basic weighted average number of shares outstanding to determine the fully diluted number of common shares outstanding. No exercise or conversion is assumed during the periods in which a net loss is incurred as the effect is anti-dilutive. |
Financial instruments [Policy Text Block] | Financial instruments Financial assets The Company recognizes financial assets when it becomes party to the contractual provisions of the instrument. Financial assets are measured initially at their fair value plus, in the case of financial assets not subsequently measured at fair value through profit or loss, transaction costs that are directly attributable to their acquisition. Transaction costs attributable to the acquisition of financial assets subsequently measured at fair value through profit or loss are expensed in profit or loss when incurred. Subsequent to initial recognition, all financial assets are classified and subsequently measured at amortized cost. Interest income is calculated using the effective interest method and gains or losses arising from impairment, foreign exchange and derecognition are recognized in profit or loss. Financial assets measured at amortized cost are comprised of cash, accounts receivable and due from related parties. The Company reclassifies debt instruments only when its business model for managing those financial assets has changed. Reclassifications are applied prospectively from the reclassification date and any previously recognized gains, losses or interest are not restated. The Company recognizes a loss allowance for the expected credit losses associated with its financial assets. Expected credit losses are measured to reflect a probability-weighted amount, the time value of money, and reasonable and supportable information regarding past events, current conditions and forecasts of future economic conditions. The Company applies the simplified approach for accounts receivable that do not contain a significant financing component. Using the simplified approach, the Company records a loss allowance equal to the expected credit losses resulting from all possible default events over the assets' contractual lifetime. Financial assets are written off when the Company has no reasonable expectations of recovering all or any portion thereof. The Company derecognizes a financial asset when its contractual rights to the cash flows from the financial asset expire. Financial liabilities The Company recognizes a financial liability when it becomes party to the contractual provisions of the instrument. At initial recognition, the Company measures financial liabilities at their fair value plus transaction costs that are directly attributable to their issuance, with the exception of financial liabilities subsequently measured at fair value through profit or loss for which transaction costs are immediately recorded in profit or loss. Subsequent to initial recognition, all financial liabilities are measured at amortized cost using the effective interest rate method. Interest, gains, and losses relating to a financial liability are recognized in profit or loss. Financial liabilities measured at amortized cost are comprised of accounts payable, lease liability, and due to related parties. The Company derecognizes a financial liability only when its contractual obligations are discharged, cancelled or expire. Interest Interest income and expense are recognized in profit or loss using the effective interest method. The 'effective interest rate' is the rate that exactly discounts estimated future cash payments over the expected life of the financial instrument to the gross carrying amount of the financial asset or the amortized cost of the financial liability. The effective interest rate is calculated considering all contractual terms of the financial instruments, except for the expected credit losses of financial assets. The 'amortized cost' of a financial asset or financial liability is the amount at which the instrument is measured on initial recognition minus principal repayments, plus or minus any cumulative amortization using the effective interest method of any difference between the initial amount and maturity amount and adjusted for any expected credit loss allowance. The 'gross carrying amount' of a financial asset is the amortized cost of a financial asset before adjusting for any expected credit losses. Interest income and expense is calculated by applying the effective interest rate to the gross carrying amount of the financial asset (when the asset is not credit-impaired) or the amortized cost of the financial liability. Where a financial asset has become credit-impaired subsequent to initial recognition, interest income is calculated in subsequent periods by applying the effective interest method to the amortized cost of the financial asset. If the asset subsequently ceases to be credit-impaired, calculation of interest income reverts to the gross basis. Offsetting Financial assets and financial liabilities are offset, with the net amount presented in the statement of financial position, when, and only when, the Company has a current and legally enforceable right to set off the recognized amounts and intends either to settle on a net basis or realize the asset and settle the liability simultaneously. Income and expenses are presented on a net basis only when permitted under IFRS, or when arising from a group of similar transactions if the resulting income and expenses are not material. |
Goodwill [Policy Text Block] | Goodwill Goodwill is initially measured as the excess of the aggregate of the consideration transferred over the fair value of net identifiable assets acquired and liabilities assumed. Separately recognized goodwill is tested for impairment on an annual basis or when there is an indication of impairment. Impairment losses on goodwill are not reversed. |
Revenue recognition [Policy Text Block] | Revenue recognition Revenue is recognized by applying the five-step model under IFRS 15. The Company recognizes revenue when, or as the goods or services are transferred to the control of the customer and performance obligations are satisfied. The Company's revenue is comprised of sales of its radar systems, radar components and engineering design and development services. The Company's revenue is recognized when control of the goods has been transferred, being when the goods are delivered to customers and when all performance obligations have been fulfilled. The amounts recognized as revenue represent the fair values of the considerations received or receivable from third parties on the sales of goods to customers, net of goods and services taxes and less returns, and discounts, at which time there are no conditions for the payment to become due other than the passage of time. For its engineering design and development services, revenue is recognized when the service has been rendered. |
Government Grants [Policy Text Block] | Government Grants Government grants are recognized at fair value once there is reasonable assurance that the Company will comply with the conditions attached to the grants and that the grants will be received. Government grants are recognized in profit or loss on a systematic basis over the periods in which the Company recognizes as expenses the related costs for which the grants are intended to compensate. A forgivable loan from government is treated as a government grant when there is reasonable assurance that the entity will meet the terms for forgiveness of the loan. |
Income taxes [Policy Text Block] | Income taxes Income tax is recognized in profit or loss except to the extent that it relates to equity items, in which case it is recognized in equity. Current tax expense is the expected tax payable on the taxable income for the year, using tax rates enacted at period end, adjusted for amendments to tax payable with regards to previous years. Deferred tax is recorded using the liability method, providing for temporary differences, between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The following temporary differences do not result in deferred tax assets or liabilities: goodwill not deductible for tax purposes; the initial recognition of assets or liabilities that affect neither accounting profit (loss) nor taxable profit (loss); and differences relating to investments in subsidiaries to the extent that they will probably not reverse in the foreseeable future. The amount of deferred tax provided is based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the financial position date. A deferred tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis. |
Related party transactions [Policy Text Block] | Related party transactions Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control and related parties may be individuals or corporate entities. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. |
Change in accounting policies [Policy Text Block] | Change in accounting policies IFRS 16, Leases The company adopted IFRS 16 effective December 1, 2019. IFRS 16 specifies how an entity will recognize, measure, present and disclose leases. The standard provides a single lessee accounting model, requiring lessees to recognize assets and liabilities for all leases unless the lease term is twelve months or less or the underlying asset has a low value. For leases where the Company is the lessee, it recognizes a right-of-use asset and a lease liability for its office premises leases previously classified as operating leases. The Company chose to adopt the modified retrospective approach on transition to IFRS 16 and has chosen not to restate comparative information in accordance with the transitional provisions in IFRS 16. As a result, the comparative information continues to be presented in accordance with the Company's previous accounting policies. The adoption of IFRS 16 resulted in the recognition of a right-of-use asset and a lease liability measured at the present value of the future lease payments on the consolidated statements of financial position. An amortization expense on the right-of-use asset and an interest expense on the lease liability has replaced the operating lease expense. IFRS 16 has changed the presentation of cash flows relating to leases in the Company's consolidated statements of cash flows, however, it does not cause a difference in the amount of cash transferred between the parties of the lease. In accordance with the transition of IFRS 16, as at December 1, 2019 the Company recognized a right-of-use asset and lease liability of $152,864. When measuring lease liabilities, the Company's incremental borrowing rate applied was 15% per annum. |
Accounting standards, amendments and interpretations not yet effective [Policy Text Block] | Accounting standards, amendments and interpretations not yet effective Certain new standards, interpretations and amendments to existing standards have been issued by the IASB or the IFRIC during the year but are not yet effective. Some updates that are not applicable or are not consequential to the Company may have been excluded from the list below. IAS 1 - IFRIC 23 - - These new and amended standards are not expected to have a material impact on the Company's Financial Statements. |
SIGNIFICANT ACCOUNTING POLICI_3
SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended |
Nov. 30, 2020 | |
Disclosure Of Significant Accounting Policies [Abstract] | |
Disclosure of subsidiaries [Table Text Block] | Entity Country of Incorporation Effective Economic Interest Plymouth Rock Technologies Inc. ("Plymouth Rock USA") USA 100% |
Disclosure of depreciation rates applicable to each category of property and equipment [Table Text Block] | Computer equipment 55% declining balance Furniture 20% declining balance |
PREPAID EXPENSES (Tables)
PREPAID EXPENSES (Tables) | 12 Months Ended |
Nov. 30, 2020 | |
Disclosure Of Detail Information About Prepaid Expenses [Abstract] | |
Disclosure of prepaid expenses [Table Text Block] | 2020 2019 Advertising and promotions $ 3,000 $ 38,146 Rent 10,611 17,043 Others 12,297 50,350 $ 25,908 $ 105,539 |
EQUIPMENT (Tables)
EQUIPMENT (Tables) | 12 Months Ended |
Nov. 30, 2020 | |
Property, plant and equipment [abstract] | |
Disclosure of property, plant and equipment [Table Text Block] | Computer Furniture Demo Equipment Total Cost: Balance at November 30, 2018 $ — $ — $ — $ — Additions 1,720 12,453 — 14,173 Foreign currency translation adjustment 6 2 — 8 Balance at November 30, 2019 1,726 12,455 — 14,181 Additions — — 61,162 61,162 Foreign currency translation adjustment (42 ) (304 ) (3,644 ) (3,990 ) Balance at November 30, 2020 $ 1,684 $ 12,151 $ 57,518 $ 71,353 Accumulated Amortization: Balance at November 30, 2018 $ — $ — $ — $ — Amortization 474 1,245 — 1,719 Foreign currency translation adjustment (1 ) (1 ) — (2 ) Balance at November 30, 2019 473 1,244 — 1,717 Amortization 702 2,283 — 2,985 Foreign currency translation adjustment (41 ) (126 ) — (167 ) Balance at November 30, 2020 $ 1,134 $ 3,401 $ — $ 4,535 Net Book Value: At November 30, 2019 $ 1,253 $ 11,211 $ — $ 12,464 At November 30, 2020 $ 550 $ 8,750 $ 57,518 $ 66,818 |
INTANGIBLE ASSETS (Tables)
INTANGIBLE ASSETS (Tables) | 12 Months Ended |
Nov. 30, 2020 | |
Intangible assets and goodwill [abstract] | |
Disclosure of detailed information about intangible assets [Table Text Block] | Drone X1 System Shoe- Scanner Wi-Ti Total Balance at November 30, 2018 $ 868,547 $ — $ 372,234 $ 1,240,781 Additions — 30,000 — 30,000 Impairment (900,260 ) (29,592 ) (385,826 ) (1,315,678 ) Foreign currency translation adjustment 31,713 (408 ) 13,592 44,897 Balance at November 3 0 $ — $ — $ — $ — |
ACCOUNTS PAYABLE (Tables)
ACCOUNTS PAYABLE (Tables) | 12 Months Ended |
Nov. 30, 2020 | |
Disclosure Of Detail Information About Accounts Payable [Abstract] | |
Disclosure of accounts payable [Table Text Block] | 2020 2019 Professional fees $ 74,178 $ 80,216 Funds to be returned to investors 43,046 38,646 Advertising costs 5,164 8,556 Development costs 77,675 42,430 Others 42,215 47,175 $ 242,278 $ 217,023 |
RELATED PARTY TRANSACTIONS AN_2
RELATED PARTY TRANSACTIONS AND BALANCES (Tables) | 12 Months Ended |
Nov. 30, 2020 | |
Related party transactions [abstract] | |
Disclosure of amounts due to directors and officers [Table Text Block] | November 30, 2020 November 30, 2019 Company controlled by CFO $ 3,865 $ 5,000 CEO of the Company 823 5,035 Director 41,667 — $ 46,355 $ 10,035 |
Disclosure of amounts due from directors and officers [Table Text Block] | November 30, 2020 November 30, 2019 Company controlled by Corporate Secretary $ — $ 5,250 Director 2,500 19,820 $ 2,500 $ 25,070 |
Disclosure of transactions between related parties [Table Text Block] | November 30, 2020 November 30, 2019 November 30, 2018 Management fees $ 114,125 $ 123,000 $ 71,842 Consulting fees 166,667 — — Accounting fees 22,852 24,490 20,748 Rent 20,000 — — Share-based payments 271,993 260,145 — Salaries and benefits to CEO 133,387 318,790 13,200 $ 729,024 $ 726,425 $ 105,790 |
SHARE CAPITAL (Tables)
SHARE CAPITAL (Tables) | 12 Months Ended |
Nov. 30, 2020 | |
Disclosure of classes of share capital [abstract] | |
Disclosure of number and weighted average exercise prices of share options [Table Text Block] | Number of Weighted Average Options Exercise Price Balance, November 30, 2017 750,000 $ 0.17 Exercised (625,000 ) 0.14 Balance, November 30, 2018 125,000 0.30 Granted 3,300,000 0.58 Exercised (125,000 ) 0.30 Cancelled (150,000 ) 0.60 Balance, November 30, 2019 3,150,000 0.58 Cancelled (200,000 ) 0.60 Balance, November 30, 2020 2,950,000 $ 0.58 |
Disclosure of number and weighted average remaining contractual life of outstanding share options [Table Text Block] | Expiry Date Exercise Price Numbers of Numbers of Weighted average Weighted price January 15, 2024 $ 0.60 2,150,000 1,881,250 2.28 $ 0.44 March 20, 2024 0.60 150,000 93,750 0.17 0.03 November 28, 2024 0.50 650,000 325,000 0.88 0.11 2,950,000 2,300,000 3.33 $ 0.58 |
Disclosure of share purchase warrant transactions [Table Text Block] | Number of Warrants Weighted Average Balance, November 30, 2017 2,640,000 $ 0.10 Warrants granted 3,567,275 0.58 Warrants exercised (2,045,000 ) 0.10 Balance, November 30, 2018 4,162,275 0.51 Warrants expired (3,251,975 ) 0.60 Warrants exercised (910,300 ) 0.21 Balance, November 30, 2019 — — Warrants granted 7,539,748 0.90 Warrants exercised (1,233,334 ) 0.11 Balance, November 30, 2020 6,306,414 $ 0.23 |
Disclosure of number of share purchase warrants outstanding [Table Text Block] | Expiry Date Exercise Price Numbers of warrants outstanding Weighted average remaining contractual life (year) Weighted average exercise price April 24, 2022 $ 0.20 2,145,000 0.48 $ 0.07 May 15, 2022 0.20 3,468,831 0.80 0.11 September 30, 2022 0.50 692,583 0.20 0.05 6,306,414 1.48 $ 0.23 |
SUPPLEMENTAL CASH FLOW INFORM_2
SUPPLEMENTAL CASH FLOW INFORMATION (Tables) | 12 Months Ended |
Nov. 30, 2020 | |
Supplemental Cash Flows Information Abstract | |
Disclosure of supplemental cash flow information [Table Text Block] | November 30 2020 2019 2018 Non-cash financing activities: Fair value of options cancelled and expired $ — $ 59,553 $ — Fair value of options exercised — 13,590 50,080 Fair value of agent warrants granted — 127,254 — Shares issued for options exercised — 37,500 — Shares issued for warrants exercised — 187,120 — Share issuance costs — — 128,995 Non-cash investing activities: Shares issued for acquisition — 1,399,763 Shares to be issued for acquisition of inventory — 22,800 — Shares issued for consulting services $ 125,000 $ — $ — |
BUSINESS ACQUISITON (Tables)
BUSINESS ACQUISITON (Tables) | 12 Months Ended |
Nov. 30, 2020 | |
Disclosure of detailed information about business combination [abstract] | |
Disclosure of detailed information about purchase price allocation [Table Text Block] | Consideration Common shares $ 1,240,200 Purchase Price Allocation: Cash 47,467 Prepaid 2,626 Intangible assets: Development assets 304,000 Intellectual and engineering development 936,781 Loan (50,674 ) (253,975 ) Goodwill 253,975 $ 1,240,200 |
RIGHT-OF-USE ASSETS AND LEASE_2
RIGHT-OF-USE ASSETS AND LEASE LIABILITY (Tables) | 12 Months Ended |
Nov. 30, 2020 | |
Right Of Use Assets And Lease Liability [Abstract] | |
Disclosure of continuity of the cost and accumulated amortization of right-of-use assets [Table Text Block] | 2020 Recognition upon adoption of IFRS 16 $ 152,864 Amortization expense for the year (38,216 ) $ 114,648 |
Disclosure of continuity of lease liability [Table Text Block] | 2020 Recognition upon adoption of IFRS 16 $ 152,864 Lease payments (48,473 ) Interest expense on lease liability 20,449 $ 124,840 Current portion $ 34,105 Long-term portion $ 90,735 |
Disclosure of minimum lease payments for the lease liabilities [Table Text Block] | Year ending: 2021 $ 49,925 2022 51,425 2023 52,974 $ 154,324 Less: Interest expense on lease liabilities (29,484 ) Total present value of minimum lease payments $ 124,840 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Nov. 30, 2020 | |
Income taxes paid (refund) [abstract] | |
Disclosure of detailed information about effective income tax expense (recovery) [Table Text Block] | 2020 2019 2018 Net loss before tax and comprehensive loss $ (2,924,236 ) $ (4,612,286 ) $ (998,225 ) Statutory tax rate 27.00% 27.00% 26.92% Expected income tax (recovery) $ (789,544 ) $ (1,245,317 ) $ (268,689 ) Non-deductible items and others 44,866 61,781 43,592 Goodwill impairment — 186,864 — Change in estimates — (214,745 ) — Change in deferred tax assets not recognized 744,678 965,938 213,774 Income tax expense (recovery) $ — $ (245,479 ) $ (11,323 ) |
Disclosure of temporary difference, unused tax losses and unused tax credits [Table Text Block] | 2020 2019 Non-capital loss carry forwards $ 3,819,983 $ 2,258,584 Net operating losses 2,291,555 1,426,074 Intangible assets 1,300,828 1,316,280 Others 206,771 188,156 Total unrecognized deductible temporary differences $ 7,619,137 $ 5,189,094 |
Disclosure of non-capital loss carryforwards [Table Text Block] | Expiry 2020 2031 $ 2,937 2032 73,161 2033 59,622 2034 117,154 2035 122,790 2036 138,822 2037 127,413 2038 675,203 2039 2,350,798 2040 2,443,638 TOTAL $ 6,111,538 |
NATURE OF OPERATIONS AND ABIL_2
NATURE OF OPERATIONS AND ABILITY TO CONTINUE AS A GOING CONCERN (Narrative) (Details) - CAD ($) | 12 Months Ended | ||
Nov. 30, 2020 | Nov. 30, 2019 | Nov. 30, 2018 | |
Nature Of Operations And Ability To Continue As Going Concern Abstract | |||
Net loss | $ 2,924,236 | $ 4,366,807 | $ 986,901 |
Accumulated deficit | 8,893,128 | 5,968,892 | |
Net cash proceeds pursuant to financing activities | $ 1,635,564 | $ 172,363 |
SIGNIFICANT ACCOUNTING POLICI_4
SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - CAD ($) | 12 Months Ended | |
Nov. 30, 2019 | Nov. 30, 2020 | |
Disclosure Of Significant Accounting Policies [Abstract] | ||
Impairment loss | $ 1,572,552 | |
Right-of-use asset and lease liability recognized | $ 152,864 | |
Incremental borrowing rate | 15.00% |
SIGNIFICANT ACCOUNTING POLICI_5
SIGNIFICANT ACCOUNTING POLICIES - Disclosure of subsidiaries (Details) - Plymouth Rock USA [Member] | 12 Months Ended |
Nov. 30, 2020 | |
Disclosure of subsidiaries [line items] | |
Country of Incorporation | USA |
Effective Economic Interest | 100.00% |
SIGNIFICANT ACCOUNTING POLICI_6
SIGNIFICANT ACCOUNTING POLICIES - Disclosure of depreciation rates applicable to each category of property and equipment (Detail) | 12 Months Ended |
Nov. 30, 2020 | |
Computer equipment [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation method | declining balance |
Depreciation rates | 55.00% |
Furniture [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation method | declining balance |
Depreciation rates | 20.00% |
PREPAID EXPENSES - Disclosure o
PREPAID EXPENSES - Disclosure of prepaid expenses (Details) - CAD ($) | Nov. 30, 2020 | Nov. 30, 2019 |
Prepaid Expenses [Line Items] | ||
Prepaid expenses | $ 25,908 | $ 105,539 |
Advertising and promotions [Member] | ||
Prepaid Expenses [Line Items] | ||
Prepaid expenses | 3,000 | 38,146 |
Rent [Member] | ||
Prepaid Expenses [Line Items] | ||
Prepaid expenses | 10,611 | 17,043 |
Others [Member] | ||
Prepaid Expenses [Line Items] | ||
Prepaid expenses | $ 12,297 | $ 50,350 |
EQUIPMENT - Disclosure of prope
EQUIPMENT - Disclosure of property, plant and equipment (Details) - CAD ($) | 12 Months Ended | |
Nov. 30, 2020 | Nov. 30, 2019 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | $ 12,464 | |
Ending balance | 66,818 | $ 12,464 |
Cost [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 14,181 | 0 |
Additions | 61,162 | 14,173 |
Foreign currency translation adjustment | (3,990) | 8 |
Ending balance | 71,353 | 14,181 |
Accumulated Amortization [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 1,717 | 0 |
Amortization | 2,985 | 1,719 |
Foreign currency translation adjustment | (167) | (2) |
Ending balance | 4,535 | 1,717 |
Computer [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 1,253 | |
Ending balance | 550 | 1,253 |
Computer [Member] | Cost [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 1,726 | 0 |
Additions | 0 | 1,720 |
Foreign currency translation adjustment | (42) | 6 |
Ending balance | 1,684 | 1,726 |
Computer [Member] | Accumulated Amortization [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 473 | 0 |
Amortization | 702 | 474 |
Foreign currency translation adjustment | (41) | (1) |
Ending balance | 1,134 | 473 |
Furniture [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 11,211 | |
Ending balance | 8,750 | 11,211 |
Furniture [Member] | Cost [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 12,455 | 0 |
Additions | 0 | 12,453 |
Foreign currency translation adjustment | (304) | 2 |
Ending balance | 12,151 | 12,455 |
Furniture [Member] | Accumulated Amortization [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 1,244 | 0 |
Amortization | 2,283 | 1,245 |
Foreign currency translation adjustment | (126) | (1) |
Ending balance | 3,401 | 1,244 |
Demo Equipment [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 0 | |
Ending balance | 57,518 | 0 |
Demo Equipment [Member] | Cost [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 0 | 0 |
Additions | 61,162 | 0 |
Foreign currency translation adjustment | (3,644) | 0 |
Ending balance | 57,518 | 0 |
Demo Equipment [Member] | Accumulated Amortization [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 0 | 0 |
Amortization | 0 | 0 |
Foreign currency translation adjustment | 0 | 0 |
Ending balance | $ 0 | $ 0 |
INTANGIBLE ASSETS (Narrative) (
INTANGIBLE ASSETS (Narrative) (Details) - CAD ($) | 12 Months Ended | ||
Nov. 30, 2020 | Nov. 30, 2019 | Nov. 30, 2018 | |
Intangible assets and goodwill [abstract] | |||
Research and development costs | $ 386,044 | $ 399,720 | |
Intangible assets | $ 0 | $ 0 | $ 1,240,781 |
INTANGIBLE ASSETS - Disclosure
INTANGIBLE ASSETS - Disclosure of detailed information about Intangible assets (Details) - CAD ($) | 12 Months Ended | |
Nov. 30, 2020 | Nov. 30, 2019 | |
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | $ 0 | $ 1,240,781 |
Additions | 30,000 | |
Impairment | (1,315,678) | |
Foreign currency translation adjustment | 44,897 | |
Ending balance | 0 | 0 |
Drone X1 System [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 0 | 868,547 |
Additions | 0 | |
Impairment | (900,260) | |
Foreign currency translation adjustment | 31,713 | |
Ending balance | 0 | 0 |
Shoe Scanner [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 0 | 0 |
Additions | 30,000 | |
Impairment | (29,592) | |
Foreign currency translation adjustment | 408 | |
Ending balance | 0 | 0 |
Wi Ti [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 0 | 372,234 |
Additions | 0 | |
Impairment | (385,826) | |
Foreign currency translation adjustment | 13,592 | |
Ending balance | $ 0 | $ 0 |
ACCOUNTS PAYABLE - Disclosure o
ACCOUNTS PAYABLE - Disclosure of accounts payable (Details) - CAD ($) | Nov. 30, 2020 | Nov. 30, 2019 |
Trade And Other Payable [Line Items] | ||
Accounts payable | $ 242,278 | $ 217,023 |
Professional fees [Member] | ||
Trade And Other Payable [Line Items] | ||
Accounts payable | 74,178 | 80,216 |
Funds to be returned to investors [Member] | ||
Trade And Other Payable [Line Items] | ||
Accounts payable | 43,046 | 38,646 |
Advertising costs [Member] | ||
Trade And Other Payable [Line Items] | ||
Accounts payable | 5,164 | 8,556 |
Development costs [Member] | ||
Trade And Other Payable [Line Items] | ||
Accounts payable | 77,675 | 42,430 |
Other [Member] | ||
Trade And Other Payable [Line Items] | ||
Accounts payable | $ 42,215 | $ 47,175 |
RELATED PARTY TRANSACTIONS AN_3
RELATED PARTY TRANSACTIONS AND BALANCES (Narrative) (Details) - CAD ($) | 12 Months Ended | ||
Nov. 30, 2020 | Nov. 30, 2019 | Nov. 30, 2018 | |
Disclosure of transactions between related parties [line items] | |||
Due to directors and officers | $ 46,355 | $ 10,035 | |
Due from directors and officers | 2,500 | 25,070 | |
Accounting fees | 67,282 | 80,415 | $ 66,463 |
Rent | 35,325 | 77,186 | 30,000 |
Shares issued for consulting services | 125,000 | 0 | $ 0 |
CEO [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Prepayment to related party | 26,578 | ||
Company controlled by CFO [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Due to directors and officers | 3,865 | 5,000 | |
Accounting fees | 22,852 | 24,490 | |
Company controlled by former director [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Rent | 20,000 | ||
Directors [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Due to directors and officers | 41,667 | 0 | |
Due from directors and officers | 2,500 | 19,820 | |
Consulting fees | $ 166,667 | ||
Shares issued for consulting services (shares) | 500,000 | ||
Shares issued for consulting services | $ 125,000 |
RELATED PARTY TRANSACTIONS AN_4
RELATED PARTY TRANSACTIONS AND BALANCES - Disclosure of amounts due to directors and officers (Details) - CAD ($) | Nov. 30, 2020 | Nov. 30, 2019 |
Disclosure of transactions between related parties [line items] | ||
Due to directors and officers | $ 46,355 | $ 10,035 |
Company controlled by CFO [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Due to directors and officers | 3,865 | 5,000 |
CEO of the Company [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Due to directors and officers | 823 | 5,035 |
Director [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Due to directors and officers | $ 41,667 | $ 0 |
RELATED PARTY TRANSACTIONS AN_5
RELATED PARTY TRANSACTIONS AND BALANCES - Disclosure of amounts due from directors and officers (Details) - CAD ($) | Nov. 30, 2020 | Nov. 30, 2019 |
Disclosure of transactions between related parties [line items] | ||
Due from directors and officers | $ 2,500 | $ 25,070 |
Company controlled by Corporate Secretary [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Due from directors and officers | 0 | 5,250 |
Director [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Due from directors and officers | $ 2,500 | $ 19,820 |
RELATED PARTY TRANSACTIONS AN_6
RELATED PARTY TRANSACTIONS AND BALANCES - Disclosure of transactions between related parties (Details) - CAD ($) | 12 Months Ended | ||
Nov. 30, 2020 | Nov. 30, 2019 | Nov. 30, 2018 | |
Disclosure of transactions between related parties [line items] | |||
Management fees | $ 110,125 | $ 125,390 | $ 71,842 |
Accounting fees | 67,282 | 80,415 | 66,463 |
Rent | 35,325 | 77,186 | 30,000 |
Share-based payments | 479,107 | 692,091 | |
Related parties [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Management fees | 114,125 | 123,000 | 71,842 |
Consulting fees | 166,667 | 0 | 0 |
Accounting fees | 22,852 | 24,490 | 20,748 |
Rent | 20,000 | 0 | 0 |
Share-based payments | 271,993 | 260,145 | 0 |
Salaries and benefits to CEO | 133,387 | 318,790 | 13,200 |
Transactions with related parties | $ 729,024 | $ 726,425 | $ 105,790 |
GOVERNMENT ASSISTANCE RECEIVED
GOVERNMENT ASSISTANCE RECEIVED (Narrative) (Details) | May 04, 2020CAD ($) | Nov. 30, 2020CAD ($) | Nov. 30, 2020USD ($) | Nov. 30, 2019CAD ($) | Nov. 30, 2018CAD ($) | May 04, 2020USD ($) |
Disclosure of detailed information about borrowings [line items] | ||||||
Wages, salaries and benefits | $ 292,218 | $ 513,729 | $ 21,843 | |||
Rent | 35,325 | $ 77,186 | $ 30,000 | |||
CARES Act Paycheck Protection Program Loan ("PPP Loan") [Member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Loan received | $ 75,000 | |||||
Borrowings, interest rate | 1.00% | |||||
Limit of payroll costs per employee | $ 100,000 | |||||
Wages, salaries and benefits | 76,581 | $ 56,970 | ||||
Rent | $ 24,237 | $ 18,030 |
SHARE CAPITAL (Narrative) (Deta
SHARE CAPITAL (Narrative) (Details) | Aug. 13, 2020$ / sharesshares | Jul. 03, 2020$ / sharesshares | May 15, 2020CAD ($)share$ / sharesshares | Feb. 04, 2020CAD ($)share$ / shares | Nov. 01, 2018$ / sharesshares | Nov. 12, 2014 | Sep. 30, 2020CAD ($)share$ / sharesshares | Sep. 24, 2020$ / sharesshares | Sep. 22, 2020$ / sharesshares | Aug. 21, 2020CAD ($)shares | Apr. 24, 2020CAD ($)share$ / sharesshares | Nov. 29, 2019CAD ($)Yearshare$ / shares | Mar. 21, 2019CAD ($)Yearshare$ / shares | Jan. 16, 2019CAD ($)Yearshare$ / sharesshares | Oct. 31, 2018$ / sharesshares | Aug. 23, 2018CAD ($)share$ / shares | May 29, 2018CAD ($)share$ / shares | May 18, 2018CAD ($)shareFinder$ / shares | Apr. 25, 2018CAD ($)shareFinder$ / shares | Nov. 30, 2020CAD ($)share$ / sharesshares | Nov. 30, 2019CAD ($)share$ / sharesshares | Nov. 30, 2018CAD ($)share$ / sharesshares | Nov. 30, 2017shares |
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of share purchase warrants exercised | shares | 483,334 | 500,000 | 50,000 | 100,000 | 100,000 | 1,233,334 | 910,300 | 2,045,000 | |||||||||||||||
Weighted average exercise price of warrants exercised | $ / shares | $ 0.20 | $ 0.20 | $ 0.20 | $ 0.20 | $ 0.20 | $ 0.11 | $ 0.21 | $ 0.10 | |||||||||||||||
Proceeds from warrants exercised | $ | $ 246,667 | $ 187,120 | $ 204,500 | ||||||||||||||||||||
Number of units issued | shares | 3,718,831 | 1,335,165 | 3,128,334 | ||||||||||||||||||||
Price per unit issued | $ / shares | 0.15 | 0.30 | 0.15 | ||||||||||||||||||||
Proceeds from units issued | $ | $ 557,825 | $ 400,550 | $ 469,250 | ||||||||||||||||||||
Exercise price of warrants granted | $ / shares | $ 0.20 | $ 0.50 | $ 0.20 | $ 0.90 | $ 0.58 | ||||||||||||||||||
Warrants granted, estimated fair value | $ | $ 81,609 | ||||||||||||||||||||||
Number of share options exercised | 500,000 | 125,000 | 125,000 | 625,000 | |||||||||||||||||||
Weighted average exercise price of share options exercised in share-based payment arrangement | $ / shares | $ 0.10 | $ 0.30 | $ 0.30 | $ 0.14 | |||||||||||||||||||
Proceeds from exercise of options | $ | $ 50,000 | $ 37,500 | |||||||||||||||||||||
Share issue related cost | $ | $ 38,727 | $ 124,799 | |||||||||||||||||||||
Shares held in escrow | shares | 405,000 | 810,000 | |||||||||||||||||||||
Number of warrants granted | 3,718,831 | 692,583 | 3,128,334 | 7,539,748 | 3,567,275 | ||||||||||||||||||
Percentage of common shares reserved for issuance | 10.00% | ||||||||||||||||||||||
Number of stock options granted | 3,300,000 | ||||||||||||||||||||||
Exercise price of stock options granted | $ / shares | $ 0.58 | ||||||||||||||||||||||
Remaining contractual life of stock option | 3 years 3 months 29 days | ||||||||||||||||||||||
Number of options cancelled | 200,000 | 150,000 | |||||||||||||||||||||
Stock-based compensation recognized in profit or loss | $ | $ 479,107 | $ 692,091 | |||||||||||||||||||||
Value of common shares issued as compensation for consulting fees | $ | $ 125,000 | ||||||||||||||||||||||
Share capital [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of shares issued and outstanding | shares | 42,762,264 | 32,796,600 | 31,761,300 | 19,349,500 | |||||||||||||||||||
Proceeds from warrants exercised | $ | $ 246,667 | $ 187,120 | $ 204,500 | ||||||||||||||||||||
Shares issued for acquisition (Shares) | shares | 3,000,000 | ||||||||||||||||||||||
Share issue related cost | $ | $ 38,727 | $ 253,794 | |||||||||||||||||||||
Common shares issued as compensation for consulting fees | shares | 500,000 | ||||||||||||||||||||||
Value of common shares issued as compensation for consulting fees | $ | $ 125,000 | ||||||||||||||||||||||
Aerowave Corporation ("Aerowave") [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of units issued | shares | 50,000 | ||||||||||||||||||||||
Proceeds from units issued | $ | $ 22,811 | ||||||||||||||||||||||
Exercise price of warrants granted | $ / shares | $ 0.50 | ||||||||||||||||||||||
Warrants granted, estimated fair value | $ | $ 1,500 | ||||||||||||||||||||||
Directors Officers Employee And Consultants [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of stock options granted | 2,300,000 | ||||||||||||||||||||||
Exercise price of stock options granted | $ / shares | $ 0.60 | ||||||||||||||||||||||
Remaining contractual life of stock option | 5 years | ||||||||||||||||||||||
Number of options cancelled | 150,000 | ||||||||||||||||||||||
Number of remaining share options granted in share based payment arrangement | shares | 2,150,000 | ||||||||||||||||||||||
Stock price | $ / shares | $ 0.54 | ||||||||||||||||||||||
Volatility | 100.00% | ||||||||||||||||||||||
Risk-free rate | 1.93% | ||||||||||||||||||||||
Dividend yield | 0.00% | ||||||||||||||||||||||
Expected life | Year | 5 | ||||||||||||||||||||||
Fair value of stock option | $ | $ 913,140 | ||||||||||||||||||||||
Consultant [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of stock options granted | 350,000 | ||||||||||||||||||||||
Exercise price of stock options granted | $ / shares | $ 0.60 | ||||||||||||||||||||||
Remaining contractual life of stock option | 5 years | ||||||||||||||||||||||
Stock price | $ / shares | $ 0.57 | ||||||||||||||||||||||
Volatility | 100.00% | ||||||||||||||||||||||
Risk-free rate | 1.56% | ||||||||||||||||||||||
Dividend yield | 0.00% | ||||||||||||||||||||||
Expected life | Year | 5 | ||||||||||||||||||||||
Fair value of stock option | $ | $ 147,613 | ||||||||||||||||||||||
Consultant And Director [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of stock options granted | 650,000 | ||||||||||||||||||||||
Exercise price of stock options granted | $ / shares | $ 0.50 | ||||||||||||||||||||||
Remaining contractual life of stock option | 5 years | ||||||||||||||||||||||
Stock price | $ / shares | $ 0.49 | ||||||||||||||||||||||
Volatility | 100.00% | ||||||||||||||||||||||
Risk-free rate | 1.49% | ||||||||||||||||||||||
Dividend yield | 0.00% | ||||||||||||||||||||||
Expected life | Year | 5 | ||||||||||||||||||||||
Fair value of stock option | $ | $ 236,809 | ||||||||||||||||||||||
Director [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Common shares issued as compensation for consulting fees | shares | 250,000 | 250,000 | |||||||||||||||||||||
Value of common shares issued as compensation for consulting fees | $ | $ 62,500 | $ 62,500 | |||||||||||||||||||||
Exercise Price 0.60 [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of share purchase warrants exercised | shares | 7,500 | ||||||||||||||||||||||
Weighted average exercise price of warrants exercised | $ / shares | $ 0.60 | ||||||||||||||||||||||
Exercise Price 0.40 [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of share purchase warrants exercised | shares | 307,800 | ||||||||||||||||||||||
Weighted average exercise price of warrants exercised | $ / shares | $ 0.40 | ||||||||||||||||||||||
Exercise Price 0.10 [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of share purchase warrants exercised | shares | 595,000 | ||||||||||||||||||||||
Weighted average exercise price of warrants exercised | $ / shares | $ 0.10 | ||||||||||||||||||||||
Exercise Price 0.30 [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of share options exercised | 125,000 | ||||||||||||||||||||||
Weighted average exercise price of share options exercised in share-based payment arrangement | $ / shares | $ 0.30 | ||||||||||||||||||||||
Proceeds from exercise of options | $ | $ 37,500 | ||||||||||||||||||||||
Non-brokered private placement financing [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of units issued for private placement | 10,000,000 | ||||||||||||||||||||||
Price per unit issued | $ / shares | 0.40 | ||||||||||||||||||||||
Proceeds from units issued | $ | $ 4,000,000 | ||||||||||||||||||||||
Exercise price of warrants granted | $ / shares | $ 0.80 | ||||||||||||||||||||||
Cancelled private placement, amount held | $ | $ 4,400 | ||||||||||||||||||||||
First Tranche [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of units issued for private placement | 4,475,000 | ||||||||||||||||||||||
Price per unit issued | $ / shares | 0.40 | ||||||||||||||||||||||
Proceeds from units issued | $ | $ 1,790,000 | ||||||||||||||||||||||
Exercise price of warrants granted | $ / shares | $ 0.60 | ||||||||||||||||||||||
First Tranche [Member] | Finder's Fees [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Exercise price of warrants granted | $ / shares | $ 0.40 | ||||||||||||||||||||||
Warrants granted, estimated fair value | $ | $ 110,574 | ||||||||||||||||||||||
Percentage of finders fees of cash | 6.00% | ||||||||||||||||||||||
Percentage of number of warrant units issued | 6.00% | ||||||||||||||||||||||
Number of finders involved in private placement | Finder | 5 | ||||||||||||||||||||||
Warrants granted, exercisable period | 1 year | ||||||||||||||||||||||
Number of warrants granted | 266,850 | ||||||||||||||||||||||
Fair value of warrants, expected life | 1 year | ||||||||||||||||||||||
Fair value of warrants estimated price volatility rate | 166.00% | ||||||||||||||||||||||
Fair value of warrants estimated risk free rate | 1.88% | ||||||||||||||||||||||
Fair value of warrants estimated dividend yield rate | 0.00% | ||||||||||||||||||||||
Second Tranche [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of units issued for private placement | 2,035,550 | ||||||||||||||||||||||
Price per unit issued | $ / shares | 0.40 | ||||||||||||||||||||||
Proceeds from units issued | $ | $ 814,220 | ||||||||||||||||||||||
Exercise price of warrants granted | $ / shares | $ 0.60 | ||||||||||||||||||||||
Second Tranche [Member] | Finder's Fees [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Exercise price of warrants granted | $ / shares | $ 0.40 | ||||||||||||||||||||||
Warrants granted, estimated fair value | $ | $ 18,420 | ||||||||||||||||||||||
Percentage of finders fees of cash | 6.00% | ||||||||||||||||||||||
Percentage of number of warrant units issued | 6.00% | ||||||||||||||||||||||
Number of finders involved in private placement | Finder | 4 | ||||||||||||||||||||||
Warrants granted, exercisable period | 1 year | ||||||||||||||||||||||
Number of warrants granted | 45,150 | ||||||||||||||||||||||
Fair value of warrants, expected life | 1 year | ||||||||||||||||||||||
Fair value of warrants estimated price volatility rate | 168.00% | ||||||||||||||||||||||
Fair value of warrants estimated risk free rate | 1.99% | ||||||||||||||||||||||
Fair value of warrants estimated dividend yield rate | 0.00% | ||||||||||||||||||||||
Subscription received reclassified to accounts payable and accrued liabilities | $ | $ 38,646 | ||||||||||||||||||||||
Options Vesting January 15, 2020 [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of stock options granted | 1,075,000 | ||||||||||||||||||||||
Options Vesting April 15, 2020 [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of stock options granted | 268,750 | ||||||||||||||||||||||
Options Vesting July 15, 2020 [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of stock options granted | 268,750 | ||||||||||||||||||||||
Options Vesting October 15, 2020 [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of stock options granted | 268,750 | ||||||||||||||||||||||
Options Vesting January 15, 2021 [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of stock options granted | 268,750 | ||||||||||||||||||||||
Options Vesting March 20, 2020 [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of stock options granted | 175,000 | ||||||||||||||||||||||
Options Vesting June 20, 2020 [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of stock options granted | 43,750 | ||||||||||||||||||||||
Options Vesting December 20, 2020 [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of stock options granted | 43,750 | ||||||||||||||||||||||
Options Vesting March 20, 2021 [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of stock options granted | 43,750 | ||||||||||||||||||||||
Options Vesting June 20, 2021 [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of stock options granted | 43,750 | ||||||||||||||||||||||
Options Vesting November 30, 2020 [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of stock options granted | 325,000 | ||||||||||||||||||||||
Options Vesting November 30, 2021 [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Number of stock options granted | 325,000 | ||||||||||||||||||||||
Plymouth Rock USA [Member] | |||||||||||||||||||||||
Disclosure of classes of share capital [line items] | |||||||||||||||||||||||
Shares issued for acquisition (Shares) | shares | 3,000,000 | ||||||||||||||||||||||
Equity issuance, price per share | $ / shares | $ 0.69 | $ 0.413 | |||||||||||||||||||||
Finder's fee for acquisition | shares | 231,250 |
SHARE CAPITAL - Disclosure of n
SHARE CAPITAL - Disclosure of number and weighted average exercise prices of share options (Details) | 1 Months Ended | 12 Months Ended | |||
Aug. 23, 2018share$ / shares | May 29, 2018share$ / shares | Nov. 30, 2020share$ / shares | Nov. 30, 2019share$ / shares | Nov. 30, 2018share$ / shares | |
Disclosure of classes of share capital [abstract] | |||||
Number of Options outstanding, beginning balance | share | 3,150,000 | 125,000 | 750,000 | ||
Weighted Average Exercise Price, beginning balance | $ / shares | $ 0.58 | $ 0.30 | $ 0.17 | ||
Number of stock options granted | share | 3,300,000 | ||||
Exercise price of stock options granted | $ / shares | $ 0.58 | ||||
Number of Options Exercised | share | (500,000) | (125,000) | (125,000) | (625,000) | |
Weighted average exercise price of share options exercised in share-based payment arrangement | $ / shares | $ 0.10 | $ 0.30 | $ 0.30 | $ 0.14 | |
Number of Options Cancelled | share | (200,000) | (150,000) | |||
Weighted Average Exercise Price Cancelled | $ / shares | $ 0.60 | $ 0.60 | |||
Number of Options outstanding, ending balance | share | 2,950,000 | 3,150,000 | 125,000 | ||
Weighted Average Exercise Price, ending balance | $ / shares | $ 0.58 | $ 0.58 | $ 0.30 |
SHARE CAPITAL - Disclosure of_2
SHARE CAPITAL - Disclosure of number and weighted average remaining contractual life of outstanding share options (Details) | 12 Months Ended | |||
Nov. 30, 2020share$ / shares | Nov. 30, 2019share | Nov. 30, 2018share | Nov. 30, 2017share | |
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | ||||
Number of share options outstanding in share-based payment arrangement | 2,950,000 | 3,150,000 | 125,000 | 750,000 |
Numbers of options exercisable | 2,300,000 | |||
Weighted average remaining contractual life(year) | 3 years 3 months 29 days | |||
Weighted average exercise price | $ / shares | $ 0.58 | |||
January 15, 2024 [Member] | Exercise Price 0.60 [Member] | ||||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | ||||
Number of share options outstanding in share-based payment arrangement | 2,150,000 | |||
Numbers of options exercisable | 1,881,250 | |||
Weighted average remaining contractual life(year) | 2 years 3 months 10 days | |||
Weighted average exercise price | $ / shares | $ 0.44 | |||
March 20, 2024 [Member] | Exercise Price 0.60 [Member] | ||||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | ||||
Number of share options outstanding in share-based payment arrangement | 150,000 | |||
Numbers of options exercisable | 93,750 | |||
Weighted average remaining contractual life(year) | 2 months 1 day | |||
Weighted average exercise price | $ / shares | $ 0.03 | |||
November 28, 2024 [Member] | Exercise Price 0.50 [Member] | ||||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | ||||
Number of share options outstanding in share-based payment arrangement | 650,000 | |||
Numbers of options exercisable | 325,000 | |||
Weighted average remaining contractual life(year) | 10 months 17 days | |||
Weighted average exercise price | $ / shares | $ 0.11 |
SHARE CAPITAL - Disclosure of s
SHARE CAPITAL - Disclosure of share purchase warrant transactions (Details) | Aug. 13, 2020$ / sharesshares | Jul. 03, 2020$ / sharesshares | May 15, 2020share$ / shares | Sep. 30, 2020share$ / sharesshares | Sep. 24, 2020$ / sharesshares | Sep. 22, 2020$ / sharesshares | Apr. 24, 2020share$ / shares | Nov. 30, 2020share$ / sharesshares | Nov. 30, 2019share$ / sharesshares | Nov. 30, 2018share$ / sharesshares |
Disclosure of classes of share capital [abstract] | ||||||||||
Warrants outstanding, beginning balance | share | 0 | 4,162,275 | 2,640,000 | |||||||
Weighted average exercise price, beginning balance | $ 0 | $ 0.51 | $ 0.10 | |||||||
Warrants granted | share | 3,718,831 | 692,583 | 3,128,334 | 7,539,748 | 3,567,275 | |||||
Weighted average exercise price of warrants granted | $ 0.20 | $ 0.50 | $ 0.20 | $ 0.90 | $ 0.58 | |||||
Warrants expired | share | (3,251,975) | |||||||||
Weighted average exercise price of warrants expired | $ 0.60 | |||||||||
Warrants exercised | shares | (483,334) | (500,000) | (50,000) | (100,000) | (100,000) | (1,233,334) | (910,300) | (2,045,000) | ||
Weighted average exercise price of warrants exercised | $ 0.20 | $ 0.20 | $ 0.20 | $ 0.20 | $ 0.20 | $ 0.11 | $ 0.21 | $ 0.10 | ||
Warrants outstanding, ending balance | share | 6,306,414 | 0 | 4,162,275 | |||||||
Weighted average exercise price, ending balance | $ 0.23 | $ 0 | $ 0.51 |
SHARE CAPITAL - Disclosure of_3
SHARE CAPITAL - Disclosure of number of share purchase warrants outstanding (Details) | 12 Months Ended | |||
Nov. 30, 2020share$ / shares | Nov. 30, 2019share$ / shares | Nov. 30, 2018share$ / shares | Nov. 30, 2017share$ / shares | |
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | ||||
Numbers of warrants outstanding | share | 6,306,414 | 0 | 4,162,275 | 2,640,000 |
Weighted average remaining contractual life (year) | 1 year 5 months 23 days | |||
Weighted average exercise price | $ 0.23 | $ 0 | $ 0.51 | $ 0.10 |
April 24, 2022 [Member] | ||||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | ||||
Exercise Price | $ 0.20 | |||
Numbers of warrants outstanding | share | 2,145,000 | |||
Weighted average remaining contractual life (year) | 5 months 23 days | |||
Weighted average exercise price | $ 0.07 | |||
May 15, 2022 [Member] | ||||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | ||||
Exercise Price | $ 0.20 | |||
Numbers of warrants outstanding | share | 3,468,831 | |||
Weighted average remaining contractual life (year) | 9 months 18 days | |||
Weighted average exercise price | $ 0.11 | |||
September 30, 2022 [Member] | ||||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | ||||
Exercise Price | $ 0.50 | |||
Numbers of warrants outstanding | share | 692,583 | |||
Weighted average remaining contractual life (year) | 2 months 12 days | |||
Weighted average exercise price | $ 0.05 |
FINANCIAL RISK MANAGEMENT (Narr
FINANCIAL RISK MANAGEMENT (Narrative) (Details) - Foreign Currency Risk [Member] - CAD ($) | 12 Months Ended | |
Nov. 30, 2020 | Nov. 30, 2019 | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Potential fluctuations in functional currency exchange rate | 10.00% | |
Comprehensive loss due to fluctuations in US dollar against the Canadian dollar | $ 13,325 | $ 7,110 |
SUPPLEMENTAL CASH FLOW INFORM_3
SUPPLEMENTAL CASH FLOW INFORMATION - Disclosure of supplemental cash flow information (Details) - CAD ($) | 12 Months Ended | ||
Nov. 30, 2020 | Nov. 30, 2019 | Nov. 30, 2018 | |
Non-cash financing activities | |||
Fair value of options cancelled and expired | $ 0 | $ 59,553 | $ 0 |
Fair value of options exercised | 0 | 13,590 | 50,080 |
Fair value of agent warrants granted | 0 | 127,254 | 0 |
Shares issued for options exercised | 0 | 37,500 | 0 |
Shares issued for warrants exercised | 0 | 187,120 | 0 |
Share issuance costs | 0 | 0 | 128,995 |
Non-cash investing activities: | |||
Shares issued for acquisition | 0 | 1,399,763 | |
Shares to be issued for acquisition of inventory | 0 | 22,800 | 0 |
Shares issued for consulting services | $ 125,000 | $ 0 | $ 0 |
BUSINESS ACQUISITON (Narrative)
BUSINESS ACQUISITON (Narrative) (Details) | Nov. 01, 2018$ / sharesshares | Oct. 31, 2018share$ / shares | Nov. 30, 2019CAD ($) |
Disclosure of detailed information about business combination [line items] | |||
Impairment of goodwill | $ 256,874 | ||
Carrying value of goodwill | |||
Plymouth Rock USA [Member] | |||
Disclosure of detailed information about business combination [line items] | |||
Shares issued for acquisition (Shares) | share | 3,000,000 | ||
Finder's fee for acquisition (Shares) | shares | 231,250 | ||
Equity issuance, price per share | $ / shares | $ 0.69 | $ 0.413 | |
Acquisition interest | 100.00% |
BUSINESS ACQUISITON - Disclosur
BUSINESS ACQUISITON - Disclosure of detailed information about purchase price allocation (Details) - Business combinations [member] | Oct. 31, 2018CAD ($) |
Consideration: | |
Common shares | $ 1,240,200 |
Purchase Price Allocation: | |
Cash | 47,467 |
Prepaid | 2,626 |
Intangible assets: | |
Development assets | 304,000 |
Intellectual and engineering development | 936,781 |
Loan | (50,674) |
Deferred tax liability | (253,975) |
Goodwill | 253,975 |
Total Consideration | $ 1,240,200 |
COMMITMENTS (Narrative) (Detail
COMMITMENTS (Narrative) (Details) - CAD ($) | Apr. 01, 2020 | Jan. 02, 2020 | Sep. 30, 2020 | Feb. 02, 2020 | Nov. 02, 2020 | Aug. 02, 2020 | May 02, 2020 | Nov. 30, 2020 |
Aerowave Corporation ("Aerowave") [Member] | ||||||||
Disclosure Of Commitments [Line Items] | ||||||||
Shares issued for asset acquisition (shares) | 50,000 | |||||||
Shares issued for asset acquisition | $ 22,811 | |||||||
Arms length party [Member] | Advertising Agreement [Member] | ||||||||
Disclosure Of Commitments [Line Items] | ||||||||
Advertising expense | $ 36,000 | $ 9,000 | $ 9,000 | $ 9,000 | $ 9,000 | |||
Prepaid adverting expenses | $ 3,000 | |||||||
Director [Member] | ||||||||
Disclosure Of Commitments [Line Items] | ||||||||
Consulting fees | $ 250,000 | |||||||
Shares issued for consulting services | 1,000,000 |
RIGHT-OF-USE ASSETS AND LEASE_3
RIGHT-OF-USE ASSETS AND LEASE LIABILITY (Narrative) (Details) | 1 Months Ended |
Nov. 30, 2018USD ($) | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Term of lease agreement | 2 years |
Extended additional term of lease agreement | 3 years |
December 1, 2018 to November 30, 2019 [Member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Monthly rent expenses | $ 2,917 |
December 1, 2019 to November 30, 2020 [Member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Monthly rent expenses | 3,005 |
December 1, 2020 to November 30, 2021 [Member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Monthly rent expenses | 3,095 |
December 1, 2021 to November 30, 2022 [Member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Monthly rent expenses | 3,188 |
December 1, 2022 to November 30, 2023 [Member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Monthly rent expenses | $ 3,284 |
RIGHT-OF-USE ASSETS AND LEASE_4
RIGHT-OF-USE ASSETS AND LEASE LIABILITY - Disclosure of continuity of the cost and accumulated amortization of right-of-use assets (Details) | 12 Months Ended |
Nov. 30, 2020CAD ($) | |
Right Of Use Assets And Lease Liability [Abstract] | |
Recognition upon adoption of IFRS 16 | $ 152,864 |
Amortization expense for the year | (38,216) |
Right-of-use asset | $ 114,648 |
RIGHT-OF-USE ASSETS AND LEASE_5
RIGHT-OF-USE ASSETS AND LEASE LIABILITY - Disclosure of continuity of lease liability (Details) | 12 Months Ended |
Nov. 30, 2020CAD ($) | |
Right Of Use Assets And Lease Liability [Abstract] | |
Recognition upon adoption of IFRS 16 | $ 152,864 |
Lease payment | (48,473) |
Interest expense on lease liability | 20,449 |
Lease liability | 124,840 |
Current portion | 34,105 |
Long-term portion | $ 90,735 |
RIGHT-OF-USE ASSETS AND LEASE_6
RIGHT-OF-USE ASSETS AND LEASE LIABILITY - Disclosure of minimum lease payments for the lease liabilities (Details) | Nov. 30, 2020CAD ($) |
Disclosure of maturity analysis of operating lease payments [line items] | |
Minimum lease payments for lease liabilities | $ 154,324 |
Less: Interest expense on lease liabilities | (29,484) |
Total present value of minimum lease payments | 124,840 |
2021 [Member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Minimum lease payments for lease liabilities | 49,925 |
2022 [Member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Minimum lease payments for lease liabilities | 51,425 |
2023 [Member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Minimum lease payments for lease liabilities | $ 52,974 |
INCOME TAXES (Narrative) (Detai
INCOME TAXES (Narrative) (Details) - CAD ($) | Nov. 30, 2020 | Nov. 30, 2019 |
Income taxes paid (refund) [abstract] | ||
Non-capital losses carryforwards | $ 6,111,538 | $ 3,684,658 |
INCOME TAXES - Disclosure of de
INCOME TAXES - Disclosure of detailed information about effective income tax expense (recovery) (Details) - CAD ($) | 12 Months Ended | ||
Nov. 30, 2020 | Nov. 30, 2019 | Nov. 30, 2018 | |
Income taxes paid (refund) [abstract] | |||
Net loss before tax and comprehensive loss | $ (2,924,236) | $ (4,612,286) | $ (998,225) |
Statutory tax rate | 27.00% | 27.00% | 26.92% |
Expected income tax (recovery) | $ (789,544) | $ (1,245,317) | $ (268,689) |
Non-deductible items and others | 44,866 | 61,781 | 43,592 |
Goodwill impairment | 0 | 186,864 | 0 |
Change in estimates | 0 | (214,745) | 0 |
Change in deferred tax assets not recognized | 744,678 | 965,938 | 213,774 |
Income tax expense (recovery) | $ 0 | $ (245,479) | $ (11,323) |
INCOME TAXES - Disclosure of te
INCOME TAXES - Disclosure of temporary difference, unused tax losses and unused tax credits (Details) - CAD ($) | Nov. 30, 2020 | Nov. 30, 2019 |
Income taxes paid (refund) [abstract] | ||
Non-capital loss carryforwards | $ 3,819,983 | $ 2,258,584 |
Net operating losses | 2,291,555 | 1,426,074 |
Intangible assets | 1,300,828 | 1,316,280 |
Others | 206,771 | 188,156 |
Total unrecognized deductible temporary differences | $ 7,619,137 | $ 5,189,094 |
INCOME TAXES - Disclosure of no
INCOME TAXES - Disclosure of non-capital loss carryforwards (Details) - CAD ($) | Nov. 30, 2020 | Nov. 30, 2019 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital losses carryforwards | $ 6,111,538 | $ 3,684,658 |
2031 [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital losses carryforwards | 2,937 | |
2032 [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital losses carryforwards | 73,161 | |
2033 [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital losses carryforwards | 59,622 | |
2034 [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital losses carryforwards | 117,154 | |
2035 [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital losses carryforwards | 122,790 | |
2036 [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital losses carryforwards | 138,822 | |
2037 [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital losses carryforwards | 127,413 | |
2038 [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital losses carryforwards | 675,203 | |
2039 [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital losses carryforwards | 2,350,798 | |
2040 [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital losses carryforwards | $ 2,443,638 |
SUBSEQUENT EVENTS (Narrative) (
SUBSEQUENT EVENTS (Narrative) (Details) | Aug. 13, 2020$ / sharesshares | Jul. 03, 2020$ / sharesshares | May 15, 2020CAD ($)$ / sharesshares | Jan. 29, 2021CAD ($)$ / sharesshares | Jan. 21, 2021CAD ($)Year$ / shares | Dec. 31, 2020shares | Sep. 30, 2020CAD ($)$ / sharesshares | Sep. 24, 2020$ / sharesshares | Sep. 22, 2020$ / sharesshares | Apr. 24, 2020CAD ($)$ / sharesshares | Aug. 23, 2018share$ / shares | May 29, 2018share$ / shares | Nov. 30, 2020CAD ($)$ / sharesshares | Nov. 30, 2019share$ / sharesshares | Nov. 30, 2018share$ / sharesshares | Feb. 26, 2021GBP (£) |
Disclosure of non-adjusting events after reporting period [line items] | ||||||||||||||||
Number of units issued | shares | 3,718,831 | 1,335,165 | 3,128,334 | |||||||||||||
Price per unit issued | 0.15 | 0.30 | 0.15 | |||||||||||||
Proceeds from units issued | $ | $ 557,825 | $ 400,550 | $ 469,250 | |||||||||||||
Exercise price of warrants granted | $ 0.20 | $ 0.50 | $ 0.20 | $ 0.90 | $ 0.58 | |||||||||||
Number of stock options granted | share | 3,300,000 | |||||||||||||||
Exercise price of stock options granted | $ 0.58 | |||||||||||||||
Number of share options exercised | share | 500,000 | 125,000 | 125,000 | 625,000 | ||||||||||||
Exercise price of stock options exercised | $ 0.10 | $ 0.30 | $ 0.30 | $ 0.14 | ||||||||||||
Number of warrants exercised | shares | 483,334 | 500,000 | 50,000 | 100,000 | 100,000 | 1,233,334 | 910,300 | 2,045,000 | ||||||||
Weighted average exercise price of warrants exercised | $ 0.20 | $ 0.20 | $ 0.20 | $ 0.20 | $ 0.20 | $ 0.11 | $ 0.21 | $ 0.10 | ||||||||
Subsequent Events [Member] | ||||||||||||||||
Disclosure of non-adjusting events after reporting period [line items] | ||||||||||||||||
Number of units issued | shares | 3,180,000 | |||||||||||||||
Price per unit issued | 0.20 | |||||||||||||||
Proceeds from units issued | $ | $ 636,000 | |||||||||||||||
Exercise price of warrants granted | $ 0.25 | |||||||||||||||
Term of warrants granted | 5 years | |||||||||||||||
Payments for finders fees | $ | $ 10,480 | |||||||||||||||
Number of shares issued | shares | 170,000 | |||||||||||||||
Percentage of broker warrants | 8.00% | |||||||||||||||
Shares issued for consulting services | shares | 250,000 | |||||||||||||||
Subsequent Events [Member] | Tetra [Member] | ||||||||||||||||
Disclosure of non-adjusting events after reporting period [line items] | ||||||||||||||||
Company acquired | £ | £ 350,000 | |||||||||||||||
Subsequent Events [Member] | Directors, Consultants, And Employees [Member] | ||||||||||||||||
Disclosure of non-adjusting events after reporting period [line items] | ||||||||||||||||
Number of stock options granted | $ | 1,550,000 | |||||||||||||||
Exercise price of stock options granted | $ 0.75 | |||||||||||||||
Option life, share options granted | Year | 5 | |||||||||||||||
Exercise of stock options ranging from $0.50 to $0.60 [Member] | ||||||||||||||||
Disclosure of non-adjusting events after reporting period [line items] | ||||||||||||||||
Number of share options exercised | $ | 350,000 | |||||||||||||||
Exercise of stock options ranging from $0.50 to $0.60 [Member] | Bottom of range [Member] | ||||||||||||||||
Disclosure of non-adjusting events after reporting period [line items] | ||||||||||||||||
Exercise price of stock options exercised | $ 0.50 | |||||||||||||||
Exercise of stock options ranging from $0.50 to $0.60 [Member] | Top of range [Member] | ||||||||||||||||
Disclosure of non-adjusting events after reporting period [line items] | ||||||||||||||||
Exercise price of stock options granted | $ 0.60 | |||||||||||||||
Exercise of warrants ranging from $0.20 to $0.50 [Member] | ||||||||||||||||
Disclosure of non-adjusting events after reporting period [line items] | ||||||||||||||||
Number of warrants exercised | shares | 5,700,666 | |||||||||||||||
Exercise of warrants ranging from $0.20 to $0.50 [Member] | Bottom of range [Member] | ||||||||||||||||
Disclosure of non-adjusting events after reporting period [line items] | ||||||||||||||||
Weighted average exercise price of warrants exercised | $ 0.20 | |||||||||||||||
Exercise of warrants ranging from $0.20 to $0.50 [Member] | Top of range [Member] | ||||||||||||||||
Disclosure of non-adjusting events after reporting period [line items] | ||||||||||||||||
Weighted average exercise price of warrants exercised | $ 0.50 |