XML 15 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Operating activities:    
Net loss $ (9,977) $ (9,299)
Adjustments to reconcile net income to net cash used in operating activities:    
Equity losses of affiliates 2,197 2,622
Share-based compensation 4,708 5,329
Interest on promissory note 1,091 995
Accretion of convertible notes 0 430
Depreciation 9 9
Deferred income taxes (3) 10
Foreign exchange gain (525) (3,462)
Other 211 (26)
Withholding tax on stock based compensation (4,275) (827)
Net change in operating assets and liabilities (note 11) (1,172) (1,403)
Net cash used in operations (7,736) (5,622)
Investing activities:    
Proceeds from term deposits 40,000 45,000
Purchases of term deposits (35,000) (40,000)
Funding of affiliates (2,063) (2,528)
Net cash provided from (used in) investing activities 2,937 2,472
Financing activities:    
Net cash provided from financing activities 0 0
Effect of exchange rate changes on cash 6 (218)
Decrease in cash and cash equivalents (4,793) (3,368)
Cash and cash equivalents at beginning of period 41,731 70,325
Cash and cash equivalents at end of period $ 36,938 $ 66,957