0001493152-16-006780.txt : 20160114 0001493152-16-006780.hdr.sgml : 20160114 20160114140557 ACCESSION NUMBER: 0001493152-16-006780 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 57 CONFORMED PERIOD OF REPORT: 20151130 FILED AS OF DATE: 20160114 DATE AS OF CHANGE: 20160114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TROPIC INTERNATIONAL INC. CENTRAL INDEX KEY: 0000844538 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD APPLIANCES [3630] IRS NUMBER: 000000000 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-34911 FILM NUMBER: 161342597 BUSINESS ADDRESS: STREET 1: 1057 PARKINSON ROAD, STREET 2: UNIT #9 CITY: WOODSTOCK STATE: A6 ZIP: N4S 7W3 BUSINESS PHONE: 519-421-1900 MAIL ADDRESS: STREET 1: 1057 PARKINSON ROAD, STREET 2: UNIT #9 CITY: WOODSTOCK STATE: A6 ZIP: N4S 7W3 FORMER COMPANY: FORMER CONFORMED NAME: ROCKFORD MINERALS INC /FI DATE OF NAME CHANGE: 19881222 10-Q 1 form10-q.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended November 30, 2015

 

or

 

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from ______________ to ________________

 

Commission file number 001-34911

 

TROPIC INTERNATIONAL INC.

(Exact name of registrant as specified in its charter)

 

Nevada   None
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. Employer
Identification No.)
     

1057 Parkinson Road, Unit #9

Woodstock, Ontario, Canada

  N4S 7W3
(Address of principal executive offices)   (Zip Code)

 

(519) 421-1900

(Registrant’s telephone number, including area code)

 

N/A

(Former name, former address and former fiscal year, if changed since last report)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [  ]

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [  ] No [  ]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer [  ] Accelerated filer [  ]
Non-accelerated filer [  ] Smaller reporting company [X]

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No [X]

 

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

 

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes [  ] No [  ]

 

APPLICABLE ONLY TO CORPORATE ISSURS:

 

As of January 14, 2016, the registrant’s outstanding common stock consisted of 12,264,146 shares.

  

 

 

 
   

 

TABLE OF CONTENTS

 

PART I – FINANCIAL INFORMATION  
   
Item 1. Financial Statements 3
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 5
Item 3. Quantitative and Qualitative Disclosures about Market Risk 9
Item 4. Controls and Procedures 9
   
PART II – OTHER INFORMATION  
   
Item 1. Legal Proceedings 10
Item 1A. Risk Factors 10
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 10
Item 3. Defaults Upon Senior Securities 10
Item 4. Mine Safety Disclosures 10
Item 5. Other Information 10
Item 6. Exhibits 10
   
SIGNATURES 11

 

2
 

 

Item 1. Financial Statements

 

Tropic International Inc.

Consolidated Financial Statements
For the Three Months Ended November 30, 2015

(Expressed in Canadian dollars)

(unaudited)

 

  Index
   
Consolidated Balance Sheets F-1
   
Consolidated Statements of Loss and Comprehensive Loss F-2
   
Consolidated Statements of Cash Flows F-3
   
Consolidated Statements of Stockholders’ Equity F-4
   
Notes to the Consolidated Financial Statements F-5

 

3
 

 

TROPIC INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEETS

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

 

   November 30, 2015   August 31, 2015 
   (Unaudited)     
ASSETS          
Current assets:          
Cash  $11,054   $8,336 
Amounts receivable   9,408    3,681 
Inventory   127,456    130,702 
Prepaid expenses   3,300    3,300 
Total current assets   151,218    146,019 
Equipment, net (Note 6)   50,762    53,434 
Intangible assets, net (Note 7)   4,033,324    4,121,771 
Total assets  $4,235,304   $4,321,224 
           
LIABILITIES AND STOCKHOLDERS’ EQUITY          
Current liabilities:          
Accounts payable and accrued liabilities (Notes 8 and 9)  $357,665   $292,390 
Advances from shareholders (Notes 9 and 10)   428,242    425,175 
Total current liabilities   785,907    717,565 
           
Stockholders’ equity (Note 12):          
Common stock   12,612    12,612 
Stock subscribed   70,000    30,000 
Additional paid-in capital   8,431,728    8,431,728 
Deficit accumulated during the development stage   (5,064,943)   (4,870,681)
Total stockholders’ equity   3,449,397    3,603,659 
Total liabilities and stockholders’ equity  $4,235,304   $4,321,224 

 

Contingent liability (Note 15)

 

See accompanying notes to the consolidated financial statements.

 

 F-1 
   

 

TROPIC INTERNATIONAL INC.

CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

 

   For the Three Months Ended November 30, 
   2015   2014 
Revenue:          
Sales  $563   $ 
Total revenue   563     
           
Production costs:          
Amortization – patent   93,269    93,269 
Consulting fees – production   7,200    7,800 
Depreciation   2,672    3,340 
Materials and supplies   4,339    2,626 
Writedown of inventory   365    279 
Total production costs   107,845    107,314 
Gross loss   (107,282)   (107,314)
           
General and administration:          
Consulting fees – management (Note 9)   46,196    46,375 
Depreciation       1,443 
Interest on advances from shareholders   3,067    2,421 
Loss on foreign exchange   1,927    964 
Marketing   4,260    2,227 
Office and miscellaneous   4,600    5,347 
Professional fees   20,602    11,588 
Rent   3,300    3,300 
Travel and entertainment   3,028    3,085 
Total general and administration   86,980    76,750 
Loss before income taxes   (194,262)   (184,064)
Income taxes        
Net loss and comprehensive loss  $(194,262)  $(184,064)
           
Net loss per share – basic and diluted (Note 4)  $(0.02)  $(0.02)
           
Weighted-average number of shares outstanding   12,264,146    12,264,146 

 

See accompanying notes to the consolidated financial statements.

 

 F-2 
   

 

TROPIC INTERNATIONAL INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(EXPRESSED IN CANADIAN DOLLARS)
(UNAUDITED)

  

   For the Three Months Ended November 30, 
   2015   2014 
         
Cash Flows From Operating Activities          
Net loss  $(194,262)  $(184,064)
Adjustments to reconcile net loss to net cash  provided by operating activities:          
Amortization – patent   93,269    93,269 
Depreciation   2,672    4,783 
Writedown of inventory   365    279 
Changes in assets and liabilities:          
Amounts receivable   (5,727)   (5,743)
Inventory   2,881    1,215 
Accounts payable and accrued liabilities   65,275    29,127 
Interest on advances from shareholders (Notes 9 and 10)   3,067    2,421 
Net cash used in operating activities   (32,460)   (58,713)
           
Cash Flows From Investing Activities          
Patent costs   (4,822)   (4,975)
Net cash used in investing activities   (4,822)   (4,975)
           
Cash Flows From Financing Activities          
Advances from shareholders       57,500 
Stock subscriptions received   40,000     
Net cash provided by financing activities   40,000    57,500 
           
Increase (decrease) in cash during the period   2,718    (6,188)
Cash, beginning of period   8,336    18,018 
Cash, end of period  $11,054   $11,830 

  

See accompanying notes to the consolidated financial statements.

 

 F-3 
   

 

TROPIC INTERNATIONAL INC.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

 

   Common Stock   Shares   Additional paid-in   Deficit accumulated during the development   Total
stockholders’
 
   * Shares   Amount   subscribed   capital   stage   equity 
Balance at August 31, 2012   56,516,523   $7,932,201   $   $   $(2,488,050)  $5,444,151 
Shares issued for cash   10,890,100    552,000                552,000 
Shares issued in exchange for management services   32,593,377    16,297                16,297 
Recapitalization on reverse takeover
(see Notes 2 and 12):
       (8,487,886)       8,431,728        (56,158)
Elimination of issued share capital of TSI   (100,000,000)                    
Establishment of issued share capital of RMI   12,264,146                     
Net loss                   (781,639)   (781,639)
Balance at August 31, 2013   12,264,146    12,612        8,431,728    (3,269,689)   5,174,651 
Net loss                   (826,366)   (826,366)
Balance at August 31, 2014   12,264,146    12,612        8,431,728    (4,096,055)   4,348,285 
Net loss                   (774,626)   (774,626)
Shares subscribed           30,000            30,000 
Balance at August 31, 2015   12,264,146    12,612    30,000    8,431,728    (4,870,681)   3,603,659 
Net loss                   (194,262)   (194,262)
Shares subscribed           40,000            40,000 
Balance at November 30, 2015   12,264,146   $12,612   $70,000   $8,431,728   $(5,064,943)  $3,449,397 

 

* The above presentation reflects the issued share capital of TSI until the completion of the capital transaction, at which point it is adjusted to reflect the share capital of the legal parent company RMI.

 

See accompanying notes to the consolidated financial statements.

 

 F-4 
   

 

TROPIC INTERNATIONAL INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

 

1. Company Overview and Basis of Presentation

 

Nature and History of Operations

 

Tropic International, Inc. (formerly Rockford Minerals, Inc.) (a development stage company) (the “Company”) was incorporated under the laws of the state of Nevada on October 29, 2007. The Company was a natural resource exploration company with an objective of acquiring, exploring and, if warranted and feasible, developing natural resource properties. Activities during the exploration stage included developing the business plan and raising capital.

 

On June 28, 2013, the Company completed a reverse takeover transaction (see Note 2) with Tropic Spa Inc. (“TSI”), a company that manufactures and sells Home Mist Tanning units that deliver a full-body application. As a result of this transaction, the Company became a holding company operating through TSI. Upon the closing of the share exchange agreement described below, the Company changed its fiscal year end from October 31 to August 31 to coincide with the fiscal year end of TSI.

 

On December 6, 2013, the Company changed its name to Tropic International Inc. as a result of a merger with Tropic International Inc., a wholly-owned subsidiary incorporated solely to effect the name change. The accompanying consolidated financial statements include the results of operations of TSI and the Company for the three months ended November 30, 2015. The comparative amounts are the results of operations of the Company for the three months ended November 30, 2014.

 

On September 3, 2014, the Company’s shares became eligible for quotation on the OTCQB under the symbol TRPO.

 

On November 19, 2007, TSI entered into Share Subscription Agreements (the “Agreements”) with MCM Consulting Ltd., Nandoor Enterprises Ltd., Sierra Tan Ltd., Sunshower Incorporated, Sunshower International Corporation and Tropic Spa Group Inc. (the “Originating Companies”). Pursuant to the terms of the Agreements, the Originating Companies subscribed for, in aggregate, 18,202,503 common shares of TSI valued at $3,657,175. This assigned value was the cost to the Originating Companies, as of that date, of developing a Home Mist Tanning system and the application for and acquisition of a United States Patent “Apparatus for Spray Application of a Sunless Tanning Product” (the “Patent”). The Agreements included a triggering event (a “Triggering Event”) which was defined to mean the occurrence of any of the following events:

  

  Ninety days after TSI has been listed as a public company on a stock exchange;
     
  Ninety days after TSI either purchases or is purchased by a company that is trading on a stock exchange; or
     
  Notwithstanding the above, ninety days after TSI has notified the Originating Companies in writing that a Triggering Event has occurred.

 

The Originating Companies entered into agreements with their shareholders allowing the shareholders, upon the Triggering Event, to exchange their class A shares in the Originating Companies, by exercising the option under their common share exchange warrant, for common shares in TSI.

 

On April 9, 2009, the Board of Directors of TSI (the “Board”) resolved that the Triggering Event had occurred and approved and issued a Notification of Triggering Event to the shareholders of the Originating Companies. The decision to exercise the Triggering Event was driven by three factors:

 

  The approval of the Patent;
     
  Delivery of the final production model on or before April 21, 2009; and
     
  Implementation of an aggressive marketing strategy.

 

 F-5 
   

  

TROPIC INTERNATIONAL INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

 

1. Company Overview and Basis of Presentation (cont’d)

 

After November 19, 2007, and subsequent to the execution of the Agreements, Tropic Spa Group Inc. (“TSGI”) incurred an additional $2,685,104 on the continued development of the Home Mist Tanning system and the application for and acquisition of the Patent. On March 11, 2013, TSI executed a second Share Subscription Agreement (the “Second Agreement”) with TSGI to cover the common shares of TSI issued to the shareholders of TSGI in respect of the additional costs incurred. Pursuant to the terms of the Second Agreement, TSGI subscribed for 26,034,520 common shares valued at $3,155,462 covering the period from November 20, 2007 to June 2010. Of these amounts, 3,880,745 common shares are for $470,358 received directly by TSI. The value assigned to the carrying value of the Patent, during the year ended August 31, 2010, was $2,685,104 ($3,155,462 less $470,358). The total value assigned to the carrying value of the Patent pursuant to the Agreements and the Second Agreement, collectively, was $6,342,279.

 

The Company, through TSI, has patents pending which are in the process of being completed for Canada, China and the European Union. Costs incurred are recorded as intangible assets (see Note 7).

 

As reflected in the accompanying consolidated financial statements, the Company is in the development stage, has a net loss of $5,064,943 (August 31, 2015 - $4,870,681) since inception and has used cash in operations of $2,380,149 from inception. The Company has a working capital deficiency of $634,689 (August 31, 2015 - $571,546) and stockholders’ equity of $3,449,397 (August 31, 2015 - $3,603,659). This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on its ability to raise additional capital and to implement its business plan. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

 

2. Reverse Takeover

 

On June 28, 2013 (the “Closing Date”), the Company, its wholly-owned subsidiary 1894632 Ontario Inc. (“Subco”) and TSI entered into a share exchange agreement (the “Exchange Agreement”) with certain of the shareholders of TSI (the “Selling Shareholders”) pursuant to which the Company acquired 78,030,877 common shares, or approximately 78% of the issued and outstanding shares, of TSI in exchange for the issuance of 78,030,877 preferred shares of Subco to the Selling Shareholders on a one-for-one basis. Each one preferred share of Subco is exchangeable into one share of the Company’s common stock at the option of the holder subject to the following restrictions:

 

  The Selling Shareholders require the written consent of Subco to exchange, sell or otherwise dispose of, directly or indirectly, any of their preferred shares of Subco until the six month anniversary of the Closing Date;
     
  Within 30 days of that time, and provided TSI has generated at least $1,000,000 in gross revenue during the preceding six month period, Subco shall permit the Selling Shareholders to require Subco to redeem an aggregate of 1% of its then-outstanding preferred shares on a pro-rata basis; and
     
  Within 30 days of each six month anniversary of the Closing Date until June 30, 2015, on which date all restrictions on the preferred shares shall automatically expire unless extended by the Selling Shareholders, Subco shall grant the holders of its preferred shares a permission identical to the one above.

 

 F-6 
   

 

TROPIC INTERNATIONAL INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

 

2. Reverse Takeover (cont’d)

 

Upon completion of the Exchange Agreement, the sole officer and director of TSI became the sole officer and a director of the Company and the Company adopted the business plan of TSI.

 

As a result of the share exchange, the former shareholders of TSI control approximately 87% of the issued and outstanding common shares of the Company. The Exchange Agreement is a reverse takeover and therefore has been accounted for under the acquisition method with TSI as the accounting acquirer and continuing entity for accounting and financial reporting purposes and the Company as the legal parent being the acquiree. The business is in the development stage and there was no active market to reliably determine fair value of the consideration other than the value of the identifiable assets acquired.

 

Therefore, the purchase price allocation of the acquisition was based on the fair value of the net liabilities acquired which was charged to additional paid-in-capital.

 

The fair values of assets acquired and liabilities assumed are as follows:

 

Cash  $1,774 
Subscriptions receivable   10 
Accounts payable and accrued liabilities   (32,488)
Loan payable to TSI   (25,454)
Net liabilities acquired  $(56,158)

 

On February 17, 2015, the Company, Subco, TSI and the Selling Shareholders entered into an amendment to the Exchange Agreement in order to correct certain administrative errors in the Exchange Agreement and provide for the post-closing execution of the Exchange Agreement by those shareholders of TSI who were not original signatories thereto. In addition, the Selling Shareholders approved certain changes to the rights, privileges, restrictions and conditions attached to the preferred shares of Subco by consent in writing. This included extending the automatic expiration date in respect of the preferred shares of Subco from June 30, 2015 to June 30, 2017.

 

3. Summary of Significant Accounting Policies

 

Principles of Consolidation

 

The accompanying consolidated financial statements include the financial statements of the Company, TSI, Subco and 1894631 Ontario Inc., the Company’s wholly-owned subsidiary. All significant inter-company balances and transactions have been eliminated.

 

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, the Company evaluates its estimates, including those related to equipment, fair values of intangible assets, and useful lives of intangible assets and the likelihood of realization of its deferred tax assets. The Company bases its estimates on assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.

 

 F-7 
   

 

TROPIC INTERNATIONAL INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

 

3. Summary of Significant Accounting Policies (cont’d)

 

Concentration of Risk

 

The financial instrument which potentially subjects the Company to a concentration of credit risk is cash. The Company places its cash in an account with a high credit quality financial institution.

 

Significant Accounting Policies

 

The accompanying consolidated financial statements reflect the application of certain significant accounting policies. There have been no material changes to the Company’s significant accounting policies that are disclosed in the consolidated financial statements and notes thereto during the period ended November 30, 2015.

 

Inventory

 

Inventory is stated at the lower of cost, computed using the first-in, first-out method, or market. If the cost of inventory exceeds its market value, a provision is made currently for the difference between the cost and market value. The Company’s inventory consists of finished goods, components and supplies.

 

Equipment, Net

 

Equipment is stated at cost, net of accumulated depreciation. Equipment is depreciated over the estimated useful life of the asset. Mould equipment is depreciated at 20% on a declining-balance basis. The website is depreciated on a straight-line basis over five years. One-half of these rates are used in the year of acquisition. Replacements and major improvements are capitalized, while maintenance and repairs are charged to expense as incurred. Upon retirement or sale, the cost of assets disposed of and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is credited or charged to operations.

 

Intangible Assets

 

The Patent is recorded at the value attributed to the shares issued to the Originating Companies and shareholders of TGSI less accumulated amortization. The Patent was issued on September 29, 2009 and is effective until September 29, 2026. Upon expiration, the Patent can be extended subject to certain changes required to secure the extension. Although the effects of obsolescence, demand, competition and other economic factors (such as stability of the industry, technological advances and legislative action that results in an uncertain or changing regulatory environment) can have an adverse effect on the industry and the Company’s product, management is not currently aware of any known adverse factors that will affect the Company in the future.

 

Costs incurred for patents which are in the process of being completed will be amortized over the life of the patent when the patent is issued.

 

The Company does not believe that there are any limits to how long its Home Mist Tanning units can sell in the market place. While it expects to be able to secure an extension to the Patent in 2026, this cannot be predicted with certainty at this time. Accordingly, management has determined that the best estimate of the useful life of the Patent is 17 years. At this time, the Company does not believe that the Patent will have a residual value at the end of its useful life.

 

Definite-lived intangible assets are required to be amortized using a method that reflects the pattern in which the economic benefits of the patents are consumed or utilized. At this time, management is not able to determine with any amount of certainty the number of Home Mist Tanning units that will be sold over the useful life of the Patent. Accordingly, the Patent is being amortized on a straight-line basis over the period of its useful life.

 

 F-8 
   

 

TROPIC INTERNATIONAL INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

 

3. Summary of Significant Accounting Policies (cont’d)

 

Intangible assets subject to amortization are required to be reviewed for impairment. An impairment loss must be recognized if the intangible asset’s carrying amount is not recoverable and the carrying amount exceeds fair value. The Company applies the following three-step process to identify, recognize and measure impairment of the Patent:

 

  ●  Consider whether indicators of impairment are present indicating that the Patent’s carrying amount might not be recoverable;
     
  If indicators are present, perform a recoverability test by comparing the sum of the estimated undiscounted future cash flows attributable to the Patent to its carrying amount; and
     
  If the undiscounted cash flows used in the recoverability test are less than the Patent’s carrying amount, determine the Patent’s fair value and recognize an impairment loss if the carrying amount exceeds fair value.

 

Because of the unique nature of a patent, an income-producing definite-lived intangible asset, the calculation of cash flows can be very difficult to estimate. In this case, the estimated cash flows reflect the direct revenue expected to be generated by the Patent as well as an allocation of expenses.

 

Leases

 

The Company currently rents premises pursuant to an operating lease.

 

Impairment of Long-Lived Assets

 

Long-lived assets, including equipment and intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount should be evaluated. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to the estimated undiscounted future cash flows expected to be generated by it. If the carrying amount of the asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds its fair value.

 

Sales, Other Revenue and Deferred Revenue

 

The Company sells Home Mist Tanning units and related supplies primarily on line via its website. The Company recognizes revenue when the units and supplies have been shipped to the customer, the amount to be paid by the customer is fixed or determinable and collectability is reasonably assured. Revenue is recorded net of applicable sales taxes.

 

In February 2012, the Company entered into an agreement with a fitness company to insert into every Home Mist Tanning unit package shipped in Canada a brochure advertising their store locations in Canada along with other related information about their fitness stores. Pursuant to this two-year agreement, commencing March 1, 2012 and ending February 28, 2014, the Company has received $50,000 for this service. Revenue was recognized on a straight-line basis over the term of the agreement.

 

 F-9 
   

 

TROPIC INTERNATIONAL INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

 

3. Summary of Significant Accounting Policies (cont’d)

 

Warranty

 

The Company is committed to supplying products of superior quality and design. Because of this commitment, it provides a limited one year warranty effective from the date of purchase. The Company warranties its Home Mist Tanning units to be free of defects. If a unit stops operating due to defects in materials or workmanship, the Company either repairs or replaces it for free.

 

Production Costs

 

Production costs consist of patent amortization, production consulting fees, equipment depreciation, materials and supplies.

 

Advertising Costs

 

The Company charges all advertising and marketing costs to expense in the period incurred.

 

Income Taxes

 

Deferred income tax is accounted for using the asset and liability method. Deferred income taxes are provided for temporary differences in recognizing certain income and expense items for financial reporting purposes and tax reporting purposes. Such deferred income taxes primarily relate to the difference between the tax bases of assets and liabilities and their financial reporting amounts. Deferred tax assets and liabilities are measured by applying enacted statutory tax rates applicable to the future years in which deferred tax assets or liabilities are expected to be settled or realized. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversals of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. At this time, the Company is not able to project future taxable income over the periods in which the deferred tax assets are deductible and, accordingly, management is not able to determine if it is more likely than not that the Company will realize the benefits of these deductible differences.

 

Derivative Financial Instruments

 

The Company does not have any derivative financial assets or liabilities.

 

Fair Value of Financial Instruments

 

Fair values of cash, accounts payable and accrued liabilities, and advances from shareholders approximate fair value because of the short-term nature of these items. Amounts receivable consists primarily of Harmonized Sales Tax (“HST”) receivable from the Government of Canada. HST is not a financial instrument.

 

Foreign Currency

 

The functional currency of the Company and its subsidiaries is the Canadian dollar. The accompanying consolidated financial statements are presented in Canadian dollars.

 

 F-10 
   

 

TROPIC INTERNATIONAL INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

 

3. Summary of Significant Accounting Policies (cont’d)

 

Foreign currency transactions are translated into functional currency using the exchange rates prevailing at the date of the transaction. Foreign currency monetary items are translated at the period-end exchange rate. Non-monetary items measured at historical cost continue to be carried at the exchange rate at the date of the transaction. Exchange differences arising on the translation of monetary items or on settlement of monetary items are recognized in the loss in the period in which they arise.

 

4. Loss Per Share

 

The following table sets forth the computation of loss per share:

 

   For the Three Months Ended
November 30,
 
   2015   2014 
Net loss per share:          
Net loss  $(194,262)  $(184,064)
Weighted-average shares outstanding:          
Common stock   12,264,146    12,264,146 
Number of shares used in per share computations   12,264,146    12,264,146 
Loss per share  $(0.02)  $(0.02)

 

5. Fair Value Measurements

 

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. There is a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

 

Level 1 – Observable inputs such as quoted prices in active markets for identical assets or liabilities;

 

Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and

 

Level 3 – Unobservable inputs that are supported by little or no market activity, which require management judgment or estimation.

 

The Company measures its financial instruments at fair value.

 

The carrying value of cash deposits is a reasonable estimate of its fair value due to the short maturity of the financial instrument.

 

The Company does not have assets and liabilities that are measured at fair value on a recurring basis.

 

 F-11 
   

 

TROPIC INTERNATIONAL INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

 

6. Equipment, Net

 

Equipment, at cost, consisted of: 

 

  

November 30, 2015

   August 31, 2015 
Mould equipment  $155,300   $155,300 
Website   28,875    28,875 
Equipment at cost   184,175    184,175 
Accumulated depreciation   (133,413)   (130,741)
Equipment, net  $50,762   $53,434 

 

Depreciation was $2,672 and $4,783 for the three month periods ended November 30, 2015 and 2014, respectively.

 

7. Intangible Assets, Net

 

The following tables provide information regarding the Patent and patents pending:

 

   November 30, 2015 
   Gross carrying amount   Accumulated amortization   Net carrying amount 
United States Patent  $6,342,279   $2,331,719   $4,010,560 
Patents pending   22,764        22,764 
   $6,365,043   $2,331,719   $4,033,324 

 

   August 31, 2015 
   Gross carrying amount   Accumulated amortization   Net carrying amount 
United States Patent  $6,342,279   $2,238,450   $4,103,829 
Patents pending   17,942        17,942 
   $6,360,221   $2,238,450   $4,121,771 

 

Also see Note 1 Company Overview and Basis of Presentation.

 

During the period ended November 30, 2015, management identified the following indicators of impairment indicating that the Patent’s carrying amount might not be recoverable:

 

  The inability to raise equity financing to implement its strategic plan; and
     
  Operating and cash flow losses since the Company completed the development of its Patent.

 

Management performed a recoverability test and determined that the estimated undiscounted future cash flows are greater than the Patent’s carrying amount and that, accordingly, there is no impairment.

 

 F-12 
   

 

TROPIC INTERNATIONAL INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

 

7. Intangible Assets, Net (cont’d)

 

As of November 30, 2015, amortization expense on intangible assets for the next five years was expected to be as follows:

 

    Amount 
Year ending:      
2016   $279,806 
2017    373,075 
2018    373,075 
2019    373,075 
2020    373,075 
Thereafter    2,261,218 
Total   $4,033,324 

 

8. Accounts Payable and Accrued Liabilities

 

Accounts payable and accrued liabilities consisted of: 

 

    November 30, 2015   August 31, 2015 
Trade payables  $339,665   $279,890 
Vendor accruals   18,000    12,500 
Accounts payable and accrued liabilities  $357,665   $292,390 

 

9. Related Party Transactions

 

The President of the Company advanced $nil during the three months ended November 30, 2015 (2014 - $7,500) and $7,500 to the Company during the year ended August 31, 2015 (2014 - $245,000). Advances payable to the President totaled $252,500 at November 30, 2015 (2014 - $252,500) and $252,500 at August 31, 2015 (2014 - $245,000). These advances are unsecured and bear interest at 3% per annum. Of this amount, $245,000 is due on demand and $7,500 has no repayment terms. Interest expense of $1,889 was accrued on these advances during the three months ended November 30, 2015 (2014 - $1,886) and $7,572 during the year ended August 31, 2015 (2014 - $3,310). Accrued interest payable to the President totaled $12,771 at November 30, 2015 (2014 - $5,196) and $10,882 at August 31, 2015 (2014 - $3,310).

 

Consulting fees paid or accrued as payable to a company controlled by the President of the Company were $22,100 and $22,100 for the three months ended November 30, 2015 and 2014, respectively.

 

At November 30, 2015, the Company owed $279,776 (2014 - $258,736) to its President, including the above advances and accrued interest and $14,505 (2014 - $1,040) for reimbursable expenses incurred on the Company’s behalf. At August 31, 2015, the Company owed $265,630 (2014 - $262,272) to its President, including the above advances and accrued interest and $2,248 (2014 - $13,962) for reimbursable expenses incurred on the Company’s behalf.

 

At November 30, 2015, the Company owed $100,300 (2014 - $11,900) in consulting fees to a company controlled by the President of the Company. At August 31, 2015, the Company owed $78,200 (2014 - $nil) in consulting fees to a company controlled by the President of the Company.

 

 F-13 
   

 

TROPIC INTERNATIONAL INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

 

9. Related Party Transactions (cont’d)

 

All transactions with related parties occurred in the normal course of business and were measured at the exchange amount, which was the amount of consideration agreed upon between management and the related parties.

 

Also see Note 12.

 

10. Advances from Shareholders

 

Shareholders of the Company advanced $nil to the Company during the three months ended November 30, 2015 (2014 - $50,000) and $95,000 during the year ended August 31, 2015 (2014 - $62,500). Advances payable to shareholders totaled $157,500 at November 30, 2015 (2014 - $112,500) and $157,500 at August 31, 2015 (2014 - $62,500). These advances are unsecured and bear interest at 3% per annum. Of this amount, $12,500 is due on demand and $145,000 has no repayment terms. Interest expense of $1,178 was accrued on these advances during the three months ended November 30, 2015 (2014 - $535) and $4,065 during the year ended August 31, 2015 (2014 - $228). Accrued interest payable to shareholders totaled $5,471 at November 30, 2015 (2014 - $763) and $4,293 at August 31, 2015 (2014 - $228).

 

11. Commitments

 

On January 26, 2015, the Company renewed its premises lease dated November 11, 2011 for one additional year from February 1, 2015 to January 31, 2016 for a rental of $13,200 per year plus HST.

 

12. Stockholders’ Equity

 

The Company is authorized to issue 300,000,000 shares of common stock at a par value of $0.001.

 

At November 30, 2015 and August 31, 2015, the Company had 12,264,146 shares of common stock issued and outstanding.

 

On June 28, 2013, pursuant to the Exchange Agreement, RMI acquired 78,030,877 common shares of TSI in exchange for the issuance of 78,030,877 preferred shares of Subco to the Selling Shareholders on a one-for-one basis. As a result of the Exchange Agreement, TSI became the Company’s majority-owned subsidiary. Each preferred share of Subco is exchangeable into one share of the Company’s common stock at the option of the holder subject to certain restrictions. As at November 30, 2015 and August 31, 2015, none of the preferred shares had been exchanged. Accordingly, the number of shares of the Company’s common stock outstanding at November 30, 2015 is equal to the number of shares outstanding immediately prior to the consummation of the Exchange Agreement.

 

As a condition of the closing of the Exchange Agreement, the Company also entered into a Support Agreement and a Voting and Exchange Trust Agreement on the closing date. The Support Agreement ensures that the obligations of Subco remain effective until all of the preferred shares have been exchanged. The Voting and Exchange Trust Agreement provides and establishes a procedure whereby the voting rights attached to shares of the Company’s common stock are exercisable by the registered holders (the Selling Shareholders) of the preferred shares. The Trustee holds legal title to a Special Voting Share to which voting rights are attached for the benefit of the Selling Shareholders. The Trustee holds the Special Voting Share solely for the use and benefit of the Selling Shareholders.

 

 F-14 
   

 

TROPIC INTERNATIONAL INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

 

12. Stockholders’ Equity (cont’d)

 

Common Stock Issuances

 

During the three months ended November 30, 2015 and the year ended August 31, 2015, the Company issued no shares.

 

During the three months ended November 30, 2015, $40,000 (2014 - $nil) in stock subscriptions were received pursuant to three individual private placements. These subscriptions are for a total of 160,000 units of the Company at a price of $0.25 per unit. Each unit consists of one share of the Company’s common stock and one warrant to purchase one share of common stock exercisable at a price of $0.40 per share for a period to be determined.

 

During the year ended August 31, 2015, $30,000 (2014 - $nil) in stock subscriptions were received pursuant to three individual private placements. These subscriptions are for a total of 120,000 units of the Company at a price of $0.25 per unit. Each unit consists of one share of the Company’s common stock and one warrant to purchase one share of common stock exercisable at a price of $0.40 per share for a period to be determined.

 

13. Risks and Uncertainties

 

The Company’s future results of operations involve a number of risks and uncertainties. Factors that could affect its future operating results and cause actual results to vary materially from expectations include, but are not limited to: current economic conditions, uncertainty in the potential markets for its Home Mist Tanning units, increasing competition, and dependence on its existing management and key personnel.

 

14. Accounting Pronouncements

 

In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-10, which amended Accounting Standards Codification (“ASC”) Topic 915, Development Stage Entities. The amendment eliminates certain financial reporting requirements surrounding development stage entities, including an amendment to the variable interest entities guidance in ASC Topic 810, Consolidation. The amendment removes the definition of a development stage entity from the ASC, thereby removing the financial reporting distinction between development stage entities and other entities from U.S. GAAP. Consequently, the amendment eliminates the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose the first year in which the entity is no longer a development stage entity. This amendment is effective for fiscal years beginning after December 15, 2014, and interim periods therein. The Company adopted this amendment effective September 1, 2015 and, as a result, the Company is no longer presenting or disclosing the information previously required under Topic 915. The adoption of this amendment alters the disclosure requirements of the Company, but it does not have any impact on the Company’s financial position or results of operations for the current or any prior reporting period.

 

In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-15”). ASU 2014-15 is intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. The amendments in this ASU are effective for reporting periods beginning after December 15, 2016, with early adoption permitted. The Company is currently assessing the impact the adoption of ASU 2014-15 will have on its financial statements and related disclosures.

 

 F-15 
   

 

TROPIC INTERNATIONAL INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(EXPRESSED IN CANADIAN DOLLARS)

(UNAUDITED)

 

14. Accounting Pronouncements (cont’d)

 

In July 2015, the FASB issued ASU No. 2015-11, which amended ASC Topic 330, Inventory. The amendment simplifies the measurement of inventory, applying to inventories for which cost is determined by methods other than last-in first-out (LIFO) and the retail inventory method (RIM), specifying that an entity should measure inventory at the lower of cost and net realizable value instead of at the lower of cost or market. The amendments in this ASU are effective for fiscal years beginning after December 15, 2016, and interim periods therein. The Company is currently assessing the impact the adoption of the amendment will have on its financial statements and related disclosures.

 

15. Contingent Liability

 

Pursuant to the Exchange Agreement, as amended, the Company may be required to acquire up to 21,969,123 common shares of TSI, being those TSI shares still outstanding, in exchange for 21,969,123 preferred shares of Subco on a one-for-one basis. Such preferred shares would then be exchangeable on the same basis as the approximately 78 million Subco preferred shares currently outstanding (see Notes 2 and 12).

 

 F-16 
   

  

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

 

This quarterly report on Form 10-Q (this “Report”) contains forward-looking statements. The forward-looking statements are contained principally in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of this Report. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “anticipates”, “believes”, “seeks”, “could”, “estimates”, “expects”, “intends”, “may”, “plans”, “potential”, “predicts”, “projects”, “should”, “would” and similar expressions intended to identify forward-looking statements. Forward-looking statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Such statements may include, but are not limited to, information related to: anticipated operating results; relationships with our customers; consumer demand; financial resources and condition; changes in revenues; changes in profitability; changes in accounting treatment; cost of sales; selling, general and administrative expenses; interest expense; the ability to produce the liquidity or enter into agreements to acquire the capital necessary to continue our operations and take advantage of opportunities; legal proceedings and claims.

 

Also, forward-looking statements represent our estimates and assumptions only as of the date of this Report. You should read this Report and the documents that we reference and file or furnish as exhibits to this Report completely and with the understanding that our actual future results may be materially different from what we expect. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.

 

PRESENTATION OF INFORMATION

 

Except as otherwise indicated by the context, references in this Report to “we”, “us” and “our” are to the combined business of Tropic International Inc. and its consolidated subsidiaries.

 

This Report includes our interim unaudited consolidated financial statements as at and for the three months ended November 30, 2015. These financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“US GAAP”). All financial information in this Report is presented in Canadian dollars, unless otherwise indicated, and should be read in conjunction with our interim unaudited consolidated financial statements and the notes thereto included in this Report.

 

As disclosed in our current report on Form 8-K dated July 3, 2013, on June 28, 2013 (the “Closing Date”), we completed a share exchange with Tropic Spa Inc. (“Tropic Spa”), an Ontario corporation, 1894632 Ontario Inc., an Ontario corporation (“Subco”), and certain of the shareholders of Tropic Spa (collectively, the “Tropic Spa Shareholders”), pursuant to which we acquired 78,030,877 common shares, or approximately 78% of the issued and outstanding shares, of Tropic Spa in exchange for the issuance of 78,030,877 preferred shares of Subco, our wholly owned subsidiary, to the Tropic Spa Shareholders on a one-for-one basis (the “Share Exchange”). As a result of the Share Exchange, Tropic Spa became our majority-owned subsidiary and the former shareholders of Tropic Spa became holders of the preferred shares of Subco, a company that has only one issued and outstanding common share which is held by us. The transaction was accounted for as a reverse takeover/recapitalization effected by a share exchange, wherein Tropic Spa is considered the acquirer for accounting and financial reporting purposes. Our consolidated financial statements are therefore, in substance, those of Tropic Spa.

 

 4 
   

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

The following discussion and analysis of our results of operations and financial condition has been derived from and should be read in conjunction with our interim unaudited consolidated financial statements and the related notes thereto that appear elsewhere in this Report, as well as the “Presentation of Information” section that appears at the beginning of this Report.

 

Overview

 

We are a development stage company in the business of developing and commercializing an innovative home mist tanning system. Our goal is to market a unique system for convenient home use that delivers a full-body application and eliminates the harmful health effects associated with traditional tanning beds. To date, we have finalized the design of our product, applied for and acquired a United States Patent for it entitled “Apparatus for Spray Application of a Sunless Tanning Product” (the “Patent”) and an Australian patent entitled “Automated mist tanning apparatus” and have patents pending which are in the process of being completed for Canada, China and the European Union. We have also prepared our product for market and completed two phases of test marketing initiatives, and we are currently preparing to launch a comprehensive three-phase marketing strategy.

 

Our home mist tanning system delivers a full-body application in 12 seconds resulting in a tan that develops gradually over a period of five to eight hours and lasts from between five and eight days. The packages we market contain everything an individual needs to complete 10 full-body tans in the comfort of their own home. It consists of an application unit, a tanning kit and a pre-tan kit.

 

On the Closing Date, we completed the Share Exchange whereby we acquired approximately 78% of the issued and outstanding capital stock of Tropic Spa in exchange for 78,030,877 preferred shares of Subco, our wholly owned subsidiary. As a result of the Share Exchange, Tropic Spa became our majority-owned subsidiary, we assumed the business and operations of Tropic Spa and we changed our business address from Toronto, Ontario to Woodstock, Ontario. In order to more accurately reflect our new business operations, on December 6, 2013, we changed our name from “Rockford Minerals Inc.” to “Tropic International Inc.” as a result of a merger with Tropic International Inc., our wholly-owned subsidiary that was incorporated solely to effect the name change.

 

Tropic Spa was incorporated under the laws of the Province Ontario on September 17, 2007. Its operations to date have consisted of business formation, strategic development, test marketing, technology development and capital raising activities. The majority of Tropic Spa’s marketing efforts since its inception have focused on acquiring as much data as possible from its anticipated target markets in order to prepare for the launch of its three-phase marketing strategy described elsewhere in this Report.

 

Results of Operations

 

Revenue

 

During the three months ended November 30, 2015, we generated $563 in revenue, all of which was in the form of sales revenue, whereas we did not generate any revenue during the same period in 2014.

 

Production Costs

 

During the three months ended November 30, 2015, we incurred production costs of $107,845 which, when subtracted from the revenue we generated during the period, resulted in a gross loss of $107,282. During the three months ended November 30, 2014, we incurred production costs and a gross loss of $107,314. Our production costs during both periods were relatively consistent and were attributable to a combination of Patent amortization ($93,269 in each of the current period and the prior period), production-related consulting fees ($7,200 in the current period vs. $7,800 in the prior period), depreciation ($2,672 in the current period vs. $3,340 in the prior period), materials and supplies ($4,339 in the current period vs. $2,626 in the prior period) and writedowns of inventory ($365 in the current period vs. $279 in the prior period).

 

 5 
   

 

Expenses

 

During the three months ended November 30, 2015, we incurred $86,980 in total expenses, compared to $76,750 during the same period in 2014. All the expenses we incurred during both periods were general and administrative in nature.

 

Our expenses during the three months ended November 30, 2015 consisted of $46,196 in management-related consulting fees, $20,602 in professional fees, $4,600 in office and miscellaneous expenses, $4,260 in marketing expenses, $3,300 in rent, $3,067 in interest on advances from shareholders, $3,028 in travel and entertainment expenses and $1,927 in foreign exchange loss. During the same period in the prior year, our expenses included $46,375 in management-related consulting fees, $11,588 in professional fees, $5,347 in office and miscellaneous expenses, $2,227 in marketing expenses, $3,300 in rent, $2,421 in interest on advances from shareholders, $3,085 in travel and entertainment expenses and $964 in foreign exchange loss. We also incurred $1,443 in depreciation expense during the three months ended November 30, 2014. Apart from the $9,014 increase in our professional fees, our expenses were therefore relatively consistent from period to period.

 

Net Loss

 

During the three months ended November 30, 2015, we incurred a net loss and comprehensive loss of $194,262 and a net loss per share of $0.02. During the same period in the prior year, we experienced a net loss and comprehensive loss of $184,064 and a net loss per share of $0.02.

 

Liquidity and Capital Resources

 

As of November 30, 2015, we had $11,054 in cash, $151,218 in current assets, $4,235,304 in total assets, $785,907 in current and total liabilities and a working capital deficiency of $634,689. As of that date, we also had an accumulated deficit of $5,064,943.

 

During the three months ended November 30, 2015, we spent $32,460 in cash on operating activities, compared to $58,713 in cash spending on operating activities during the same period in the prior year. The decrease of approximately 45% in our cash spending on operating activities between the two periods was primarily attributable to certain changes in our assets and liabilities, and in particular a substantial increase in our accounts payable and accrued liabilities.

 

We spent $4,822 in cash on investing activities during the three months ended November 30, 2015, compared to cash spending of $4,975 on investing activities during the same period in the prior year. In each case, all of our spending was associated with patent costs.

 

During the three months ended November 30, 2015, we received $40,000 in cash from financing activities, compared to receiving $57,500 in cash from financing activities during the same period in the prior year. All of the cash we received from financing activities during the current period was in the form of stock subscriptions received, whereas all the cash we received during the prior period was in the form of advances from shareholders.

 

During the three months ended November 30, 2015, our cash increased by $2,718 due to a combination of our operating, investing and financing activities.

 

 6 
   

 

Plan of Operations

 

Our plan of operations over the next 12 months is to carry out our three-phase marketing strategy and continue to develop our business, and we anticipate that we will require a minimum of $1,629,200 to pursue those plans, as follows:

 

Description  Amount ($) 
Marketing expenses   600,000 
Production costs   450,000 
Professional fees   150,000 
Management-related consulting fees   290,000 
Rent (including utilities)   19,200 
Travel and entertainment expenses   40,000 
Office and miscellaneous expenses   80,000 
Total   1,629,200 

 

We intend to allocate the bulk of our proposed marketing expenses to producing and airing a new infomercial, and we expect interest in our home mist tanning system to increase as a result. Such an increase will likely be accompanied by an increase in sales, which will require us to manufacture additional units and incur substantial production costs. The other expenses we anticipate occurring over the next 12 months are reasonably consistent with those from prior periods.

 

We do not currently have sufficient funds to carry out our entire plan of operations, so we intend to meet the balance of our cash requirements for the next 12 months through a combination of debt financing and equity financing through private placements. Currently we are active in contacting broker/dealers in Canada and elsewhere regarding possible financing arrangements; however, we do not currently have any arrangements in place to complete any private placement financings and there is no assurance that we will be successful in completing any such financings. If we are unsuccessful in obtaining sufficient funds through our capital raising efforts, we may review other financing options, although we cannot provide any assurance that any such options will be available to us or on terms reasonably acceptable to us. Further, if we are unable to secure any additional financing then we plan to reduce the amount that we spend on our operations, including our management-related consulting fees and other general expenses, so as not to exceed the capital resources available to us. Regardless, our current cash reserves and working capital will not be sufficient to enable us to sustain our business for the next 12 months, even if we do decide to scale back our operations.

 

Critical Accounting Policies

 

Inventory

 

Inventory is stated at the lower of cost, computed using the first-in, first-out method, or market. If the cost of inventory exceeds its market value, a provision is made currently for the difference between the cost and market value. Our inventory consists of finished goods, components and supplies.

 

Equipment, Net

 

Equipment is stated at cost, net of accumulated depreciation. Equipment is depreciated over the estimated useful life of the asset. Mould equipment is depreciated at 20% on a declining-balance basis. The website is depreciated on a straight-line basis over five years. One-half of these rates are used in the year of acquisition. Replacements and major improvements are capitalized, while maintenance and repairs are charged to expense as incurred. Upon retirement or sale, the cost of assets disposed of and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is credited or charged to operations.

 

 7 
   

 

Intangible Assets

 

The Patent is recorded at the value attributed to the shares issued to the Originating Companies and shareholders of TGSI less accumulated amortization. The Patent was issued on September 29, 2009 and is effective until September 29, 2026. Upon expiration, the Patent can be extended subject to certain changes required to secure the extension. Although the effects of obsolescence, demand, competition and other economic factors (such as stability of the industry, technological advances and legislative action that results in an uncertain or changing regulatory environment) can have an adverse effect on the industry and our product, management is not currently aware of any known adverse factors that will affect us in the future.

 

Costs incurred for patents which are in the process of being completed will be amortized over the life of the patent when the patent is issued.

 

We do not believe that there are any limits to how long our Home Mist Tanning units can sell in the market place. While we expect to be able to secure an extension to the Patent in 2026, this cannot be predicted with certainty at this time. Accordingly, management has determined that the best estimate of the useful life of the Patent is 17 years. At this time, we do not believe that the Patent will have a residual value at the end of its useful life.

 

Definite-lived intangible assets are required to be amortized using a method that reflects the pattern in which the economic benefits of the patents are consumed or utilized. At this time, management is not able to determine with any amount of certainty the number of Home Mist Tanning units that will be sold over the useful life of the Patent. Accordingly, the Patent is being amortized on a straight-line basis over the period of its useful life.

 

Intangible assets subject to amortization are required to be reviewed for impairment. An impairment loss must be recognized if the intangible asset’s carrying amount is not recoverable and the carrying amount exceeds fair value. We apply the following three-step process to identify, recognize and measure impairment of the Patent:

 

  Consider whether indicators of impairment are present indicating that the Patent’s carrying amount might not be recoverable;
     
  If indicators are present, perform a recoverability test by comparing the sum of the estimated undiscounted future cash flows attributable to the Patent to its carrying amount; and
     
  If the undiscounted cash flows used in the recoverability test are less than the Patent’s carrying amount, determine the Patent’s fair value and recognize an impairment loss if the carrying amount exceeds fair value.

 

Because of the unique nature of a patent, an income-producing definite-lived intangible asset, the calculation of cash flows can be very difficult to estimate. In this case, the estimated cash flows reflect the direct revenue expected to be generated by the Patent as well as an allocation of expenses.

 

Sales, Other Revenue and Deferred Revenue

 

We sell Home Mist Tanning units and related supplies primarily on line via our website. We recognize revenue when the units and supplies have been shipped to the customer, the amount to be paid by the customer is fixed or determinable and collectability is reasonably assured. Revenue is recorded net of applicable sales taxes.

 

 8 
   

 

In February 2012, we entered into an agreement with a fitness company to insert into every Home Mist Tanning unit package shipped in Canada a brochure advertising their store locations in Canada along with other related information about their fitness stores. Pursuant to this two-year agreement, commencing March 1, 2012 and ending February 28, 2014, we have received $50,000 for this service. Revenue was recognized on a straight-line basis over the term of the agreement.

 

Warranty

 

We are committed to supplying products of superior quality and design. Because of this commitment, we provide a limited one year warranty effective from the date of purchase. We warranty our Home Mist Tanning units to be free of defects. If a unit stops operating due to defects in materials or workmanship, we either repair or replace it for free.

 

Off-Balance Sheet Arrangements

 

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

 

Going Concern

 

Our financial statements have been prepared on a going concern basis, which implies we will continue to realize our assets and discharge our liabilities in the normal course of business. As at November 30, 2015, we had a working capital deficiency of $634,689 and an accumulated deficit of $5,064,943. Our continuation as a going concern is dependent upon the continued financial support from our stockholders, our ability to obtain necessary equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding our ability to continue as a going concern. Our financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should we be unable to continue as a going concern.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

 

Not required.

 

Item 4. Controls and Procedures

 

Disclosure Controls and Procedures

 

We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC, and that such information is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow for timely decisions regarding required disclosure.

 

As of the end of the period covered by this Report, management, with the participation of our Chief Executive and Chief Financial Officer, carried out an evaluation of the effectiveness of our disclosure controls and procedures. Based upon this evaluation, management concluded that our disclosure controls and procedures were not effective due to certain deficiencies in our internal control over financial reporting. These deficiencies include the fact that we have no audit committee, traditionally have had no independent directors, and do not have a system in place to review and monitor internal control over financial reporting.

 

A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting such that a reasonable possibility exists that a material misstatement of our financial statements will not be prevented or detected on a timely basis. The deficiencies described above constitute, both individually and in the aggregate, a material weakness given their potential impact on our financial reporting and internal control over financial reporting.

 

Management is currently evaluating remediation plans for the deficiencies and will implement changes as time and financial resources allow.

 

Internal Control over Financial Reporting

 

There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Exchange Act) during the period ended November 30, 2015 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

 9 
   

 

PART II – OTHER INFORMATION

 

Item 1. Legal Proceedings

 

We are currently not involved in any litigation that we believe could have a materially adverse effect on our financial condition or results of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of our executive officers or any of our subsidiaries, threatened against or affecting us, our common stock, any of our subsidiaries or our officers or directors of those of our subsidiaries’ in their capacities as such, in which an adverse decision could have a material adverse effect.

 

Item 1A. Risk Factors

 

Not applicable.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

None.

 

Item 3. Defaults Upon Senior Securities

 

None.

 

Item 4. Mine Safety Disclosures

 

Not applicable.

 

Item 5. Other Information

 

None.

 

Item 6. Exhibits

 

The following documents are filed as a part of this Report:

 

Exhibit Number   Exhibit Description
     
3(i).1   Articles of Incorporation filed with the Nevada Secretary of State on October 29, 2007 (1)
     
3(i).2   Certificate of Amendment filed with the Nevada Secretary of State on August 24, 2010 (1)
     
3(i).3   Certificate of Amendment filed with the Nevada Secretary of State on April 17, 2013 (2)
     
3(i).4   Articles of Merger filed with the Nevada Secretary of State on December 6, 2013 (3)
     
3(ii).1   By-Laws (1)
     
10.1   Share Exchange Agreement dated June 28, 2013 with 1894632 Ontario Inc., Tropic Spa Inc. and the shareholders of Tropic Spa Inc. (4)
     
10.2   Amendment to Share Exchange Agreement dated February 17, 2015 with 1894632 Ontario Inc., Tropic Spa Inc. and the shareholders of Tropic Spa Inc. (5)
     
21   1894631 Ontario Inc. (Ontario, Canada), 1894632 Ontario Inc. (Ontario, Canada), Tropic Spa Inc. (Ontario, Canada)
     
31.1   Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
     
31.2   Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
     
32.1   Certification of the Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
     
32.2   Certification of the Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
     
101.INS   XBRL Instance Document
     
101.SCH   XBRL Taxonomy Extension Schema
     
101.CAL   XBRL Taxonomy Extension Calculation Linkbase
     
101.DEF   XBRL Taxonomy Extension Definition Linkbase
     
101.LAB   XBRL Taxonomy Extension Label Linkbase
     
101.PRE   XBRL Taxonomy Presentation Linkbase

 

(1) Incorporated by reference from our registration statement on Form 10, filed with the SEC on October 15, 2010.
   
(2) Incorporated by reference from our quarterly report on Form 10-Q, filed with the SEC on June 20, 2013.
   
(3) Incorporated by reference from our annual report on Form 10-K, filed with the SEC on December 9, 2013.
   
(4) Incorporated by reference from our current report on Form 8-K, filed with the SEC on July 3, 2013.
   
(5) Incorporated by reference from our current report on Form 8-K, filed with the SEC on February 19, 2015.

 

 10 
   

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Dated: January 14, 2016 TROPIC INTERNATIONAL INC.
   
  By: /s/ John Marmora
    John Marmora
    President, Chief Executive Officer, Secretary, Treasurer, Director

 

 11 
   

 

EX-31.1 2 ex31-1.htm

 

Exhibit 31.1

 

Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

I, John Marmora, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of Tropic International Inc.
   
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.
   
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report.
   
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)) for the registrant and have:

 

  (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     
  (c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  (d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: January 14, 2016  
     
By: /s/ John Marmora  
  John Marmora  
  President, Chief Executive Officer, Secretary, Treasurer, Director

 

 
   

 

EX-31.2 3 ex31-2.htm

 

Exhibit 31.2

 

Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

I, Azmatali Mehrali, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of Tropic International Inc.
   
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.
   
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report.
   
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)) for the registrant and have:

 

  (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     
  (c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  (d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: January 14, 2016  
     
By: /s/ Azmatali Mehrali  
  Azmatali Mehrali  
  Chief Financial Officer, Principal Accounting Officer  

 

 
   

 

EX-32.1 4 ex32-1.htm

 

Exhibit 32.1

 

Certification of the Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

In connection with the quarterly report on Form 10-Q of Tropic International Inc. for the period ended November 30, 2015 as filed with the Securities and Exchange Commission (the “Report”), I hereby certify pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
   
2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the registrant.

 

Date: January 14, 2016  
     
By: /s/ John Marmora  
  John Marmora  
  President, Chief Executive Officer, Secretary, Treasurer, Director

 

 
   

 

EX-32.2 5 ex32-2.htm

 

Exhibit 32.2

 

Certification of the Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

In connection with the quarterly report on Form 10-Q of Tropic International Inc. for the period ended November 30, 2015 as filed with the Securities and Exchange Commission (the “Report”), I hereby certify pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
   
2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the registrant.

 

Date: January 14, 2016  
     
By: /s/ Azmatali Mehrali  
  Azmatali Mehrali  
  Chief Financial Officer, Principal Accounting Officer  

 

 
   

 

EX-101.INS 6 trpo-20151130.xml XBRL INSTANCE FILE 0000844538 2015-09-01 2015-11-30 0000844538 2012-08-31 0000844538 2007-12-17 2015-11-30 0000844538 us-gaap:AdditionalPaidInCapitalMember 2012-09-01 2013-08-31 0000844538 us-gaap:CommonStockMember 2012-09-01 2013-08-31 0000844538 2013-08-31 0000844538 2010-08-31 0000844538 us-gaap:CommonStockMember 2012-08-31 0000844538 us-gaap:CommonStockMember 2013-08-31 0000844538 us-gaap:AdditionalPaidInCapitalMember 2012-08-31 0000844538 us-gaap:AdditionalPaidInCapitalMember 2013-08-31 0000844538 TRPO:DeficitAccumulatedDuringDevelopmentStageMember 2012-09-01 2013-08-31 0000844538 TRPO:DeficitAccumulatedDuringDevelopmentStageMember 2012-08-31 0000844538 TRPO:DeficitAccumulatedDuringDevelopmentStageMember 2013-08-31 0000844538 2012-03-01 2014-02-28 0000844538 TRPO:TropicSpaIncMember 2010-06-30 0000844538 TRPO:TropicSpaGroupIncMember 2007-11-19 0000844538 TRPO:TropicSpaGroupIncMember 2010-06-30 0000844538 TRPO:TropicSpaIncMember 2013-06-26 2013-06-28 0000844538 TRPO:TropicSpaIncMember 2013-06-28 0000844538 us-gaap:PresidentMember 2014-09-01 2015-08-31 0000844538 TRPO:TropicSpaIncMember 2007-11-19 0000844538 2014-08-31 0000844538 2013-09-01 2013-11-30 0000844538 TRPO:UnitedStatesPatentMember 2015-11-30 0000844538 TRPO:PatentsPendingMember 2015-11-30 0000844538 TRPO:UnitedStatesPatentMember 2015-08-31 0000844538 us-gaap:CommonStockMember 2013-09-01 2014-08-31 0000844538 us-gaap:CommonStockMember 2014-08-31 0000844538 us-gaap:AdditionalPaidInCapitalMember 2013-09-01 2014-08-31 0000844538 us-gaap:AdditionalPaidInCapitalMember 2014-08-31 0000844538 TRPO:DeficitAccumulatedDuringDevelopmentStageMember 2013-09-01 2014-08-31 0000844538 TRPO:DeficitAccumulatedDuringDevelopmentStageMember 2014-08-31 0000844538 2015-08-31 0000844538 us-gaap:CommonStockMember 2015-08-31 0000844538 us-gaap:AdditionalPaidInCapitalMember 2015-08-31 0000844538 TRPO:DeficitAccumulatedDuringDevelopmentStageMember 2014-09-01 2015-08-31 0000844538 TRPO:DeficitAccumulatedDuringDevelopmentStageMember 2015-08-31 0000844538 2013-09-01 2014-08-31 0000844538 TRPO:PatentsPendingMember 2015-08-31 0000844538 us-gaap:PresidentMember 2013-09-01 2014-08-31 0000844538 us-gaap:PresidentMember 2015-08-31 0000844538 us-gaap:PresidentMember 2014-08-31 0000844538 TRPO:ShareholderMember 2015-09-01 2015-11-30 0000844538 TRPO:ShareholderMember 2014-09-01 2014-11-30 0000844538 TRPO:ShareholderMember 2015-11-30 0000844538 TRPO:ShareholderMember 2014-11-30 0000844538 TRPO:SubcoMember 2015-11-30 0000844538 TRPO:TropicSpaIncMember us-gaap:MaximumMember 2013-06-26 2013-06-28 0000844538 TRPO:TropicSpaIncMember us-gaap:CommonStockMember 2013-06-26 2013-06-28 0000844538 TRPO:SubcoMember us-gaap:PreferredStockMember 2013-06-26 2013-06-28 0000844538 TRPO:TropicSpaIncMember us-gaap:CommonStockMember 2015-09-01 2015-11-30 0000844538 TRPO:SubcoMember us-gaap:PreferredStockMember 2015-09-01 2015-11-30 0000844538 us-gaap:CommonStockMember 2014-09-01 2015-08-31 0000844538 us-gaap:AdditionalPaidInCapitalMember 2014-09-01 2015-08-31 0000844538 TRPO:FebruaryToJaunaryMember 2015-09-01 2015-11-30 0000844538 TRPO:SharesSubscribedMember 2012-09-01 2013-08-31 0000844538 TRPO:SharesSubscribedMember 2013-09-01 2014-08-31 0000844538 TRPO:SharesSubscribedMember 2014-09-01 2015-08-31 0000844538 TRPO:SharesSubscribedMember 2012-08-31 0000844538 TRPO:SharesSubscribedMember 2013-08-31 0000844538 TRPO:SharesSubscribedMember 2014-08-31 0000844538 TRPO:SharesSubscribedMember 2015-08-31 0000844538 TRPO:TropicSpaIncMember 2015-11-30 0000844538 2015-11-30 0000844538 2014-09-01 2014-11-30 0000844538 us-gaap:CommonStockMember 2015-09-01 2015-11-30 0000844538 us-gaap:CommonStockMember 2015-11-30 0000844538 TRPO:SharesSubscribedMember 2015-09-01 2015-11-30 0000844538 TRPO:SharesSubscribedMember 2015-11-30 0000844538 us-gaap:AdditionalPaidInCapitalMember 2015-09-01 2015-11-30 0000844538 us-gaap:AdditionalPaidInCapitalMember 2015-11-30 0000844538 TRPO:DeficitAccumulatedDuringDevelopmentStageMember 2015-09-01 2015-11-30 0000844538 TRPO:DeficitAccumulatedDuringDevelopmentStageMember 2015-11-30 0000844538 2014-11-30 0000844538 2016-01-14 0000844538 2012-09-01 2013-08-31 0000844538 2014-09-01 2015-08-31 0000844538 us-gaap:PresidentMember 2015-09-01 2015-11-30 0000844538 us-gaap:PresidentMember 2014-09-01 2014-11-30 0000844538 us-gaap:PresidentMember 2015-11-30 0000844538 us-gaap:PresidentMember 2014-11-30 0000844538 TRPO:ShareholderMember 2014-09-01 2015-08-31 0000844538 TRPO:ShareholderMember 2013-09-01 2014-08-31 0000844538 TRPO:ShareholderMember 2015-08-31 0000844538 TRPO:ShareholderMember 2014-08-31 xbrli:shares iso4217:CAD iso4217:CAD xbrli:shares xbrli:pure 10-Q false 2015-11-30 2016 Q1 TROPIC INTERNATIONAL INC. --08-31 Smaller Reporting Company 5444151 5174651 7932201 12612 8431728 -2488050 -3269689 4348285 12612 8431728 -4096055 3603659 12612 8431728 -4870681 30000 3449397 12612 70000 8431728 -5064943 -194262 -781639 -826366 -774626 -826366 -184064 -194262 -781639 -774626 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>12. Stockholders&#146; Equity</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is authorized to issue 300,000,000 shares of common stock at a par value of $0.001.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">At November 30, 2015 and August 31, 2015, the Company had 12,264,146 shares of common stock issued and outstanding.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 28, 2013, pursuant to the Exchange Agreement, RMI acquired 78,030,877 common shares of TSI in exchange for the issuance of 78,030,877 preferred shares of Subco to the Selling Shareholders on a one-for-one basis. As a result of the Exchange Agreement, TSI became the Company&#146;s majority-owned subsidiary. Each preferred share of Subco is exchangeable into one share of the Company&#146;s common stock at the option of the holder subject to certain restrictions. As at November 30, 2015 and August 31, 2015, none of the preferred shares had been exchanged. Accordingly, the number of shares of the Company&#146;s common stock outstanding at November 30, 2015 is equal to the number of shares outstanding immediately prior to the consummation of the Exchange Agreement.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As a condition of the closing of the Exchange Agreement, the Company also entered into a Support Agreement and a Voting and Exchange Trust Agreement on the closing date. The Support Agreement ensures that the obligations of Subco remain effective until all of the preferred shares have been exchanged. The Voting and Exchange Trust Agreement provides and establishes a procedure whereby the voting rights attached to shares of the Company&#146;s common stock are exercisable by the registered holders (the Selling Shareholders) of the preferred shares. The Trustee holds legal title to a Special Voting Share to which voting rights are attached for the benefit of the Selling Shareholders. The Trustee holds the Special Voting Share solely for the use and benefit of the Selling Shareholders.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Common Stock Issuances </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">During the three months ended November 30, 2015 and the year ended August 31, 2015, the Company issued no shares.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">During the three months ended November 30, 2015, $40,000 (2014 - $nil) in stock subscriptions were received pursuant to three individual private placements. These subscriptions are for a total of 160,000 units of the Company at a price of $0.25 per unit. Each unit consists of one share of the Company&#146;s common stock and one warrant to purchase one share of common stock exercisable at a price of $0.40 per share for a period to be determined.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended August 31, 2015, $30,000 (2014 - $nil) in stock subscriptions were received pursuant to three individual private placements. These subscriptions are for a total of 120,000 units of the Company at a price of $0.25 per unit. Each unit consists of one share of the Company&#146;s common stock and one warrant to purchase one share of common stock exercisable at a price of $0.40 per share for a period to be determined.</p> 32593377 16297 16297 12264146 12264146 3880745 26034520 18202503 470358 3155462 3657175 2685104 6342279 0.01 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair values of assets acquired and liabilities assumed are as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,774</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Subscriptions receivable</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts payable and accrued liabilities</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(32,488</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Loan payable to TSI</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(25,454</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net liabilities acquired</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(56,158</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table> <p style="margin: 0pt"></p> 0.78 0.87 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As of November 30, 2015, amortization expense on intangible assets for the next five years was expected to be as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b>&#160;</b></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount</b></font></td> <td style="font-weight: bold; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Year ending:</font></td> <td style="line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: right">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 81%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2016</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">279,806</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2017</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">373,075</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">373,075</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2019</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">373,075</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2020</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">373,075</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Thereafter</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,261,218</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,033,324</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following tables provide information regarding the Patent and patents pending:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td colspan="10" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>November 30, 2015</b></font></td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Gross carrying amount</b></font></td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accumulated amortization</b></font></td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net carrying amount</b></font></td> <td style="font-weight: bold; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 55%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">United States Patent</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,342,279</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,331,719</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,010,560</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Patents pending</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">22,764</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">22,764</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,365,043</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,331,719</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,033,324</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td colspan="10" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>August 31, 2015</b></font></td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Gross carrying amount</b></font></td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accumulated amortization</b></font></td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net carrying amount</b></font></td> <td style="font-weight: bold; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 55%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">United States Patent</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,342,279</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,238,450</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,103,829</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Patents pending</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">17,942</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">17,942</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,360,221</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,238,450</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,121,771</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> 0.001 0.001 3300 13200 3300 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>13. Risks and Uncertainties</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#146;s future results of operations involve a number of risks and uncertainties. Factors that could affect its future operating results and cause actual results to vary materially from expectations include, but are not limited to: current economic conditions, uncertainty in the potential markets for its Home Mist Tanning units, increasing competition, and dependence on its existing management and key personnel.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>14. Accounting Pronouncements</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In June 2014, the Financial Accounting Standards Board (&#147;FASB&#148;) issued Accounting Standards Update (&#147;ASU&#148;) No. 2014-10, which amended Accounting Standards Codification (&#147;ASC&#148;) Topic 915, Development Stage Entities. The amendment eliminates certain financial reporting requirements surrounding development stage entities, including an amendment to the variable interest entities guidance in ASC Topic 810, Consolidation. The amendment removes the definition of a development stage entity from the ASC, thereby removing the financial reporting distinction between development stage entities and other entities from U.S. GAAP. Consequently, the amendment eliminates the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose the first year in which the entity is no longer a development stage entity. This amendment is effective for fiscal years beginning after December 15, 2014, and interim periods therein. The Company adopted this amendment effective September 1, 2015 and, as a result, the Company is no longer presenting or disclosing the information previously required under Topic 915. The adoption of this amendment alters the disclosure requirements of the Company, but it does not have any impact on the Company&#146;s financial position or results of operations for the current or any prior reporting period.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2014, the FASB issued ASU No. 2014-15, &#147;Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity&#146;s Ability to Continue as a Going Concern&#148; (&#147;ASU 2014-15&#148;). ASU 2014-15 is intended to define management&#146;s responsibility to evaluate whether there is substantial doubt about an organization&#146;s ability to continue as a going concern and to provide related footnote disclosures. The amendments in this ASU are effective for reporting periods beginning after December 15, 2016, with early adoption permitted. The Company is currently assessing the impact the adoption of ASU 2014-15 will have on its financial statements and related disclosures.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In July 2015, the FASB issued ASU No. 2015-11, which amended ASC Topic 330, Inventory. The amendment simplifies the measurement of inventory, applying to inventories for which cost is determined by methods other than last-in first-out (LIFO) and the retail inventory method (RIM), specifying that an entity should measure inventory at the lower of cost and net realizable value instead of at the lower of cost or market. The amendments in this ASU are effective for fiscal years beginning after December 15, 2016, and interim periods therein. The Company is currently assessing the impact the adoption of the amendment will have on its financial statements and related disclosures.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table sets forth the computation of loss per share:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>For the Three Months Ended</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>November 30,</b></font></td> <td style="font-weight: bold; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2015</b></font></td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014</b></font></td> <td style="font-weight: bold; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="font-weight: bold; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net loss per share:</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 74%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net loss</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(194,262</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(184,064</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted-average shares outstanding:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Common stock</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12,264,146</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12,264,146</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 30pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Number of shares used in per share computations</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12,264,146</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12,264,146</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 40pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Loss per share</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.02</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.02</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Accounts payable and accrued liabilities consisted of:&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;<b>November 30, 2015</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>August 31, 2015</b></font></td> <td style="font-weight: bold; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Trade payables</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">339,665</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">279,890</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Vendor accruals</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,000</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12,500</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts payable and accrued liabilities</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">357,665</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">292,390</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Equipment, at cost, consisted of:&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 4.5pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>November 30, 2015</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>August 31, 2015</b></font></td> <td style="font-weight: bold; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Mould equipment</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">155,300</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">155,300</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Website</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">28,875</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">28,875</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equipment at cost</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">184,175</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">184,175</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accumulated depreciation</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(133,413</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(130,741</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equipment, net</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">50,762</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">53,434</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> 0.20 P5Y 2026 P17Y 145000 20602 11588 22100 22100 50000 57500 95000 62500 12264146 12264146 10882 3310 5471 763 12771 5196 4293 228 1889 7572 1178 535 1886 3310 4065 228 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>15. Contingent Liability</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to the Exchange Agreement, as amended, the Company may be required to acquire up to 21,969,123 common shares of TSI, being those TSI shares still outstanding, in exchange for 21,969,123 preferred shares of Subco on a one-for-one basis. Such preferred shares would then be exchangeable on the same basis as the approximately 78 million Subco preferred shares currently outstanding (see Notes 2 and 12).</p> 78000000 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>10. Advances from Shareholders</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Shareholders of the Company advanced $nil to the Company during the three months ended November 30, 2015 (2014 - $50,000) and $95,000 during the year ended August 31, 2015 (2014 - $62,500). Advances payable to shareholders totaled $157,500 at November 30, 2015 (2014 - $112,500) and $157,500 at August 31, 2015 (2014 - $62,500). These advances are unsecured and bear interest at 3% per annum. Of this amount, $12,500 is due on demand and $145,000 has no repayment terms. Interest expense of $1,178 was accrued on these advances during the three months ended November 30, 2015 (2014 - $535) and $4,065 during the year ended August 31, 2015 (2014 - $228). Accrued interest payable to shareholders totaled $5,471 at November 30, 2015 (2014 - $763) and $4,293 at August 31, 2015 (2014 - $228).</p> 1000000 279806 373075 373075 373075 373075 2261218 78030877 21969123 78030877 21969123 -2685104 -4870681 -5064943 TRPO 4321224 4235304 4121771 4033324 146019 151218 3300 3300 130702 127456 3681 9408 717565 785907 425175 428242 4321224 4235304 30000 70000 12612 12612 563 563 -107282 -107314 107845 107314 4339 2626 2672 3340 7200 7800 93269 93269 -194262 -184064 86980 76750 3028 3085 4600 5347 4260 2227 -1927 -964 3067 2421 1443 46196 46375 -0.02 -0.02 12264146 12264146 365 279 2672 4783 93269 93269 -32460 -2380149 -58713 3067 2421 65275 29127 -2881 -1215 -4822 -4975 40000 57500 18018 8336 11054 11830 2718 -6188 4822 4975 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>1. Company Overview and Basis of Presentation</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Nature and History of Operations</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Tropic International, Inc. (formerly Rockford Minerals, Inc.) (a development stage company) (the &#147;Company&#148;) was incorporated under the laws of the state of Nevada on October 29, 2007. The Company was a natural resource exploration company with an objective of acquiring, exploring and, if warranted and feasible, developing natural resource properties. Activities during the exploration stage included developing the business plan and raising capital.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 28, 2013, the Company completed a reverse takeover transaction (see Note 2) with Tropic Spa Inc. (&#147;TSI&#148;), a company that manufactures and sells Home Mist Tanning units that deliver a full-body application. As a result of this transaction, the Company became a holding company operating through TSI. Upon the closing of the share exchange agreement described below, the Company changed its fiscal year end from October 31 to August 31 to coincide with the fiscal year end of TSI.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 6, 2013, the Company changed its name to Tropic International Inc. as a result of a merger with Tropic International Inc., a wholly-owned subsidiary incorporated solely to effect the name change. The accompanying consolidated financial statements include the results of operations of TSI and the Company for the three months ended November 30, 2015. The comparative amounts are the results of operations of the Company for the three months ended November 30, 2014.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 3, 2014, the Company&#146;s shares became eligible for quotation on the OTCQB under the symbol TRPO.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 19, 2007, TSI entered into Share Subscription Agreements (the &#147;Agreements&#148;) with MCM Consulting Ltd., Nandoor Enterprises Ltd., Sierra Tan Ltd., Sunshower Incorporated, Sunshower International Corporation and Tropic Spa Group Inc. (the &#147;Originating Companies&#148;). Pursuant to the terms of the Agreements, the Originating Companies subscribed for, in aggregate, 18,202,503 common shares of TSI valued at $3,657,175. This assigned value was the cost to the Originating Companies, as of that date, of developing a Home Mist Tanning system and the application for and acquisition of a United States Patent <i>&#147;Apparatus for Spray Application of a Sunless Tanning Product&#148;</i> (the &#147;Patent&#148;). The Agreements included a triggering event (a &#147;Triggering Event&#148;) which was defined to mean the occurrence of any of the following events:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font-family: Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%; font-size: 12pt">&#160;</td> <td style="width: 24px; line-height: 115%; font-size: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%; font-size: 10pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">Ninety days after TSI has been listed as a public company on a stock exchange;</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%; font-size: 12pt">&#160;</td> <td style="line-height: 115%; font-size: 12pt">&#160;</td> <td style="text-align: justify; line-height: 115%; font-size: 10pt">&#160;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%; font-size: 12pt">&#160;</td> <td style="line-height: 115%; font-size: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%; font-size: 10pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">Ninety days after TSI either purchases or is purchased by a company that is trading on a stock exchange; or</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%; font-size: 12pt">&#160;</td> <td style="line-height: 115%; font-size: 12pt">&#160;</td> <td style="text-align: justify; line-height: 115%; font-size: 10pt">&#160;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%; font-size: 12pt">&#160;</td> <td style="line-height: 115%; font-size: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%; font-size: 10pt"><font style="font: 10pt/115% Times New Roman, Times, Serif">Notwithstanding the above, ninety days after TSI has notified the Originating Companies in writing that a Triggering Event has occurred.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Originating Companies entered into agreements with their shareholders allowing the shareholders, upon the Triggering Event, to exchange their class A shares in the Originating Companies, by exercising the option under their common share exchange warrant, for common shares in TSI.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 9, 2009, the Board of Directors of TSI (the &#147;Board&#148;) resolved that the Triggering Event had occurred and approved and issued a Notification of Triggering Event to the shareholders of the Originating Companies. The decision to exercise the Triggering Event was driven by three factors:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font-family: Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%; font-size: 11pt">&#160;</td> <td style="width: 24px; line-height: 115%; font-size: 11pt"><font style="font-size: 10pt">&#9679;</font></td> <td style="line-height: 115%; font-size: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">The approval of the Patent;</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%; font-size: 12pt">&#160;</td> <td style="line-height: 115%; font-size: 12pt">&#160;</td> <td style="line-height: 115%; font-size: 12pt">&#160;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%; font-size: 11pt">&#160;</td> <td style="line-height: 115%; font-size: 11pt"><font style="font-size: 10pt">&#9679;</font></td> <td style="line-height: 115%; font-size: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Delivery of the final production model on or before April 21, 2009; and</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%; font-size: 12pt">&#160;</td> <td style="line-height: 115%; font-size: 12pt">&#160;</td> <td style="line-height: 115%; font-size: 12pt">&#160;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%; font-size: 11pt">&#160;</td> <td style="line-height: 115%; font-size: 11pt"><font style="font-size: 10pt">&#9679;</font></td> <td style="line-height: 115%; font-size: 11pt"><font style="font: 10pt Times New Roman, Times, Serif">Implementation of an aggressive marketing strategy.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">After November 19, 2007, and subsequent to the execution of the Agreements, Tropic Spa Group Inc. (&#147;TSGI&#148;) incurred an additional $2,685,104 on the continued development of the Home Mist Tanning system and the application for and acquisition of the Patent. On March 11, 2013, TSI executed a second Share Subscription Agreement (the &#147;Second Agreement&#148;) with TSGI to cover the common shares of TSI issued to the shareholders of TSGI in respect of the additional costs incurred. Pursuant to the terms of the Second Agreement, TSGI subscribed for 26,034,520 common shares valued at $3,155,462 covering the period from November 20, 2007 to June 2010. Of these amounts, 3,880,745 common shares are for $470,358 received directly by TSI. The value assigned to the carrying value of the Patent, during the year ended August 31, 2010, was $2,685,104 ($3,155,462 less $470,358). The total value assigned to the carrying value of the Patent pursuant to the Agreements and the Second Agreement, collectively, was $6,342,279.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company, through TSI, has patents pending which are in the process of being completed for Canada, China and the European Union. Costs incurred are recorded as intangible assets (see Note 7).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As reflected in the accompanying consolidated financial statements, the Company is in the development stage, has a net loss of $5,064,943 (August 31, 2015 - $4,870,681) since inception and has used cash in operations of $2,380,149 from inception. The Company has a working capital deficiency of $634,689 (August 31, 2015 - $571,546) and stockholders&#146; equity of $3,449,397 (August 31, 2015 - $3,603,659). This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on its ability to raise additional capital and to implement its business plan. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>2. Reverse Takeover </b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 28, 2013 (the &#147;Closing Date&#148;), the Company, its wholly-owned subsidiary 1894632 Ontario Inc. (&#147;Subco&#148;) and TSI entered into a share exchange agreement (the &#147;Exchange Agreement&#148;) with certain of the shareholders of TSI (the &#147;Selling Shareholders&#148;) pursuant to which the Company acquired 78,030,877 common shares, or approximately 78% of the issued and outstanding shares, of TSI in exchange for the issuance of 78,030,877 preferred shares of Subco to the Selling Shareholders on a one-for-one basis. Each one preferred share of Subco is exchangeable into one share of the Company&#146;s common stock at the option of the holder subject to the following restrictions:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The Selling Shareholders require the written consent of Subco to exchange, sell or otherwise dispose of, directly or indirectly, any of their preferred shares of Subco until the six month anniversary of the Closing Date;</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Within 30 days of that time, and provided TSI has generated at least $1,000,000 in gross revenue during the preceding six month period, Subco shall permit the Selling Shareholders to require Subco to redeem an aggregate of 1% of its then-outstanding preferred shares on a pro-rata basis; and</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Within 30 days of each six month anniversary of the Closing Date until June 30, 2015, on which date all restrictions on the preferred shares shall automatically expire unless extended by the Selling Shareholders, Subco shall grant the holders of its preferred shares a permission identical to the one above. </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Upon completion of the Exchange Agreement, the sole officer and director of TSI became the sole officer and a director of the Company and the Company adopted the business plan of TSI.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of the share exchange, the former shareholders of TSI control approximately 87% of the issued and outstanding common shares of the Company. The Exchange Agreement is a reverse takeover and therefore has been accounted for under the acquisition method with TSI as the accounting acquirer and continuing entity for accounting and financial reporting purposes and the Company as the legal parent being the acquiree. The business is in the development stage and there was no active market to reliably determine fair value of the consideration other than the value of the identifiable assets acquired.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Therefore, the purchase price allocation of the acquisition was based on the fair value of the net liabilities acquired which was charged to additional paid-in-capital.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair values of assets acquired and liabilities assumed are as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,774</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Subscriptions receivable</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts payable and accrued liabilities</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(32,488</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Loan payable to TSI</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(25,454</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net liabilities acquired</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(56,158</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 17, 2015, the Company, Subco, TSI and the Selling Shareholders entered into an amendment to the Exchange Agreement in order to correct certain administrative errors in the Exchange Agreement and provide for the post-closing execution of the Exchange Agreement by those shareholders of TSI who were not original signatories thereto. In addition, the Selling Shareholders approved certain changes to the rights, privileges, restrictions and conditions attached to the preferred shares of Subco by consent in writing. This included extending the automatic expiration date in respect of the preferred shares of Subco from June 30, 2015 to June 30, 2017.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>3. Summary of Significant Accounting Policies</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Principles of Consolidation</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements include the financial statements of the Company, TSI, Subco and 1894631 Ontario Inc., the Company&#146;s wholly-owned subsidiary. All significant inter-company balances and transactions have been eliminated.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Use of Estimates</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States (&#147;GAAP&#148;) requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, the Company evaluates its estimates, including those related to equipment, fair values of intangible assets, and useful lives of intangible assets and the likelihood of realization of its deferred tax assets<i>.</i> The Company bases its estimates on assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Concentration of Risk </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The financial instrument which potentially subjects the Company to a concentration of credit risk is cash. The Company places its cash in an account with a high credit quality financial institution.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Significant Accounting Policies</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements reflect the application of certain significant accounting policies. There have been no material changes to the Company&#146;s significant accounting policies that are disclosed in the consolidated financial statements and notes thereto during the period ended November 30, 2015.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Inventory </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Inventory is stated at the lower of cost, computed using the first-in, first-out method, or market. If the cost of inventory exceeds its market value, a provision is made currently for the difference between the cost and market value. The Company&#146;s inventory consists of finished goods, components and supplies.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Equipment, Net </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Equipment is stated at cost, net of accumulated depreciation. Equipment is depreciated over the estimated useful life of the asset. Mould equipment is depreciated at 20% on a declining-balance basis. The website is depreciated on a straight-line basis over five years. One-half of these rates are used in the year of acquisition. Replacements and major improvements are capitalized, while maintenance and repairs are charged to expense as incurred. Upon retirement or sale, the cost of assets disposed of and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is credited or charged to operations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Intangible Assets</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Patent is recorded at the value attributed to the shares issued to the Originating Companies and shareholders of TGSI less accumulated amortization. The Patent was issued on September 29, 2009 and is effective until September 29, 2026. Upon expiration, the Patent can be extended subject to certain changes required to secure the extension. Although the effects of obsolescence, demand, competition and other economic factors (such as stability of the industry, technological advances and legislative action that results in an uncertain or changing regulatory environment) can have an adverse effect on the industry and the Company&#146;s product, management is not currently aware of any known adverse factors that will affect the Company in the future.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Costs incurred for patents which are in the process of being completed will be amortized over the life of the patent when the patent is issued.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not believe that there are any limits to how long its Home Mist Tanning units can sell in the market place. While it expects to be able to secure an extension to the Patent in 2026, this cannot be predicted with certainty at this time. Accordingly, management has determined that the best estimate of the useful life of the Patent is 17 years. At this time, the Company does not believe that the Patent will have a residual value at the end of its useful life.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Definite-lived intangible assets are required to be amortized using a method that reflects the pattern in which the economic benefits of the patents are consumed or utilized. At this time, management is not able to determine with any amount of certainty the number of Home Mist Tanning units that will be sold over the useful life of the Patent. Accordingly, the Patent is being amortized on a straight-line basis over the period of its useful life.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Intangible assets subject to amortization are required to be reviewed for impairment. An impairment loss must be recognized if the intangible asset&#146;s carrying amount is not recoverable and the carrying amount exceeds fair value. The Company applies the following three-step process to identify, recognize and measure impairment of the Patent:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;&#160;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Consider whether indicators of impairment are present indicating that the Patent&#146;s carrying amount might not be recoverable; </font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">If indicators are present, perform a recoverability test by comparing the sum of the estimated undiscounted future cash flows attributable to the Patent to its carrying amount; and</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">If the undiscounted cash flows used in the recoverability test are less than the Patent&#146;s carrying amount, determine the Patent&#146;s fair value and recognize an impairment loss if the carrying amount exceeds fair value. </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Because of the unique nature of a patent, an income-producing definite-lived intangible asset, the calculation of cash flows can be very difficult to estimate. In this case, the estimated cash flows reflect the direct revenue expected to be generated by the Patent as well as an allocation of expenses.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Leases</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company currently rents premises pursuant to an operating lease.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Impairment of Long-Lived Assets </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Long-lived assets, including equipment and intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount should be evaluated. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to the estimated undiscounted future cash flows expected to be generated by it. If the carrying amount of the asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds its fair value.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Sales, Other Revenue and Deferred Revenue</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company sells Home Mist Tanning units and related supplies primarily on line via its website. The Company recognizes revenue when the units and supplies have been shipped to the customer, the amount to be paid by the customer is fixed or determinable and collectability is reasonably assured. Revenue is recorded net of applicable sales taxes.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2012, the Company entered into an agreement with a fitness company to insert into every Home Mist Tanning unit package shipped in Canada a brochure advertising their store locations in Canada along with other related information about their fitness stores. Pursuant to this two-year agreement, commencing March 1, 2012 and ending February 28, 2014, the Company has received $50,000 for this service. Revenue was recognized on a straight-line basis over the term of the agreement.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Warranty</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is committed to supplying products of superior quality and design. Because of this commitment, it provides a limited one year warranty effective from the date of purchase. The Company warranties its Home Mist Tanning units to be free of defects. If a unit stops operating due to defects in materials or workmanship, the Company either repairs or replaces it for free.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Production Costs </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Production costs consist of patent amortization, production consulting fees, equipment depreciation, materials and supplies.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Advertising Costs </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company charges all advertising and marketing costs to expense in the period incurred.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Income Taxes </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Deferred income tax is accounted for using the asset and liability method. Deferred income taxes are provided for temporary differences in recognizing certain income and expense items for financial reporting purposes and tax reporting purposes. Such deferred income taxes primarily relate to the difference between the tax bases of assets and liabilities and their financial reporting amounts. Deferred tax assets and liabilities are measured by applying enacted statutory tax rates applicable to the future years in which deferred tax assets or liabilities are expected to be settled or realized. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversals of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. At this time, the Company is not able to project future taxable income over the periods in which the deferred tax assets are deductible and, accordingly, management is not able to determine if it is more likely than not that the Company will realize the benefits of these deductible differences.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Derivative Financial Instruments </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not have any derivative financial assets or liabilities.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Fair Value of Financial Instruments </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Fair values of cash, accounts payable and accrued liabilities, and advances from shareholders approximate fair value because of the short-term nature of these items. Amounts receivable consists primarily of Harmonized Sales Tax (&#147;HST&#148;) receivable from the Government of Canada. HST is not a financial instrument.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Foreign Currency </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The functional currency of the Company and its subsidiaries is the Canadian dollar. The accompanying consolidated financial statements are presented in Canadian dollars.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Foreign currency transactions are translated into functional currency using the exchange rates prevailing at the date of the transaction. Foreign currency monetary items are translated at the period-end exchange rate. Non-monetary items measured at historical cost continue to be carried at the exchange rate at the date of the transaction. Exchange differences arising on the translation of monetary items or on settlement of monetary items are recognized in the loss in the period in which they arise.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Principles of Consolidation</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements include the financial statements of the Company, TSI, Subco and 1894631 Ontario Inc., the Company&#146;s wholly-owned subsidiary. All significant inter-company balances and transactions have been eliminated.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Use of Estimates</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States (&#147;GAAP&#148;) requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, the Company evaluates its estimates, including those related to equipment, fair values of intangible assets, and useful lives of intangible assets and the likelihood of realization of its deferred tax assets<i>.</i> The Company bases its estimates on assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Concentration of Risk </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The financial instrument which potentially subjects the Company to a concentration of credit risk is cash. The Company places its cash in an account with a high credit quality financial institution.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Significant Accounting Policies</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements reflect the application of certain significant accounting policies. There have been no material changes to the Company&#146;s significant accounting policies that are disclosed in the consolidated financial statements and notes thereto during the period ended November 30, 2015.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Inventory </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Inventory is stated at the lower of cost, computed using the first-in, first-out method, or market. If the cost of inventory exceeds its market value, a provision is made currently for the difference between the cost and market value. The Company&#146;s inventory consists of finished goods, components and supplies.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Equipment, Net </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Equipment is stated at cost, net of accumulated depreciation. Equipment is depreciated over the estimated useful life of the asset. Mould equipment is depreciated at 20% on a declining-balance basis. The website is depreciated on a straight-line basis over five years. One-half of these rates are used in the year of acquisition. Replacements and major improvements are capitalized, while maintenance and repairs are charged to expense as incurred. Upon retirement or sale, the cost of assets disposed of and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is credited or charged to operations.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Intangible Assets</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Patent is recorded at the value attributed to the shares issued to the Originating Companies and shareholders of TGSI less accumulated amortization. The Patent was issued on September 29, 2009 and is effective until September 29, 2026. Upon expiration, the Patent can be extended subject to certain changes required to secure the extension. Although the effects of obsolescence, demand, competition and other economic factors (such as stability of the industry, technological advances and legislative action that results in an uncertain or changing regulatory environment) can have an adverse effect on the industry and the Company&#146;s product, management is not currently aware of any known adverse factors that will affect the Company in the future.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Costs incurred for patents which are in the process of being completed will be amortized over the life of the patent when the patent is issued.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not believe that there are any limits to how long its Home Mist Tanning units can sell in the market place. While it expects to be able to secure an extension to the Patent in 2026, this cannot be predicted with certainty at this time. Accordingly, management has determined that the best estimate of the useful life of the Patent is 17 years. At this time, the Company does not believe that the Patent will have a residual value at the end of its useful life.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Definite-lived intangible assets are required to be amortized using a method that reflects the pattern in which the economic benefits of the patents are consumed or utilized. At this time, management is not able to determine with any amount of certainty the number of Home Mist Tanning units that will be sold over the useful life of the Patent. Accordingly, the Patent is being amortized on a straight-line basis over the period of its useful life.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Intangible assets subject to amortization are required to be reviewed for impairment. An impairment loss must be recognized if the intangible asset&#146;s carrying amount is not recoverable and the carrying amount exceeds fair value. The Company applies the following three-step process to identify, recognize and measure impairment of the Patent:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;&#160;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Consider whether indicators of impairment are present indicating that the Patent&#146;s carrying amount might not be recoverable; </font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">If indicators are present, perform a recoverability test by comparing the sum of the estimated undiscounted future cash flows attributable to the Patent to its carrying amount; and</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">If the undiscounted cash flows used in the recoverability test are less than the Patent&#146;s carrying amount, determine the Patent&#146;s fair value and recognize an impairment loss if the carrying amount exceeds fair value. </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Because of the unique nature of a patent, an income-producing definite-lived intangible asset, the calculation of cash flows can be very difficult to estimate. In this case, the estimated cash flows reflect the direct revenue expected to be generated by the Patent as well as an allocation of expenses.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Leases</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company currently rents premises pursuant to an operating lease.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Impairment of Long-Lived Assets </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Long-lived assets, including equipment and intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount should be evaluated. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to the estimated undiscounted future cash flows expected to be generated by it. If the carrying amount of the asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds its fair value.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Sales, Other Revenue and Deferred Revenue</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company sells Home Mist Tanning units and related supplies primarily on line via its website. The Company recognizes revenue when the units and supplies have been shipped to the customer, the amount to be paid by the customer is fixed or determinable and collectability is reasonably assured. Revenue is recorded net of applicable sales taxes.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2012, the Company entered into an agreement with a fitness company to insert into every Home Mist Tanning unit package shipped in Canada a brochure advertising their store locations in Canada along with other related information about their fitness stores. Pursuant to this two-year agreement, commencing March 1, 2012 and ending February 28, 2014, the Company has received $50,000 for this service. Revenue was recognized on a straight-line basis over the term of the agreement.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Warranty</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is committed to supplying products of superior quality and design. Because of this commitment, it provides a limited one year warranty effective from the date of purchase. The Company warranties its Home Mist Tanning units to be free of defects. If a unit stops operating due to defects in materials or workmanship, the Company either repairs or replaces it for free.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Production Costs </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Production costs consist of patent amortization, production consulting fees, equipment depreciation, materials and supplies.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Advertising Costs </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company charges all advertising and marketing costs to expense in the period incurred.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Income Taxes </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Deferred income tax is accounted for using the asset and liability method. Deferred income taxes are provided for temporary differences in recognizing certain income and expense items for financial reporting purposes and tax reporting purposes. Such deferred income taxes primarily relate to the difference between the tax bases of assets and liabilities and their financial reporting amounts. Deferred tax assets and liabilities are measured by applying enacted statutory tax rates applicable to the future years in which deferred tax assets or liabilities are expected to be settled or realized. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversals of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. At this time, the Company is not able to project future taxable income over the periods in which the deferred tax assets are deductible and, accordingly, management is not able to determine if it is more likely than not that the Company will realize the benefits of these deductible differences.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Derivative Financial Instruments </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not have any derivative financial assets or liabilities.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Fair Value of Financial Instruments </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Fair values of cash, accounts payable and accrued liabilities, and advances from shareholders approximate fair value because of the short-term nature of these items. Amounts receivable consists primarily of Harmonized Sales Tax (&#147;HST&#148;) receivable from the Government of Canada. HST is not a financial instrument.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Foreign Currency </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The functional currency of the Company and its subsidiaries is the Canadian dollar. The accompanying consolidated financial statements are presented in Canadian dollars.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Foreign currency transactions are translated into functional currency using the exchange rates prevailing at the date of the transaction. Foreign currency monetary items are translated at the period-end exchange rate. Non-monetary items measured at historical cost continue to be carried at the exchange rate at the date of the transaction. Exchange differences arising on the translation of monetary items or on settlement of monetary items are recognized in the loss in the period in which they arise.</p> 571546 634689 50000 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>4. Loss Per Share</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table sets forth the computation of loss per share:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>For the Three Months Ended</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>November 30,</b></font></td> <td style="font-weight: bold; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2015</b></font></td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014</b></font></td> <td style="font-weight: bold; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="font-weight: bold; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net loss per share:</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 74%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net loss</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(194,262</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(184,064</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted-average shares outstanding:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Common stock</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12,264,146</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12,264,146</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 30pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Number of shares used in per share computations</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12,264,146</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12,264,146</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 40pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Loss per share</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.02</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.02</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>5.&#160;Fair Value Measurements</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. There is a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 1 &#150; Observable inputs such as quoted prices in active markets for identical assets or liabilities;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 2 &#150; Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 3 &#150; Unobservable inputs that are supported by little or no market activity, which require management judgment or estimation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company measures its financial instruments at fair value.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The carrying value of cash deposits is a reasonable estimate of its fair value due to the short maturity of the financial instrument.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not have assets and liabilities that are measured at fair value on a recurring basis.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>6. Equipment, Net</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Equipment, at cost, consisted of:&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 4.5pt">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>November 30, 2015</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>August 31, 2015</b></font></td> <td style="font-weight: bold; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Mould equipment</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">155,300</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">155,300</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Website</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">28,875</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">28,875</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equipment at cost</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">184,175</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">184,175</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accumulated depreciation</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(133,413</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(130,741</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equipment, net</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">50,762</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">53,434</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Depreciation was $2,672 and $4,783 for the three month periods ended November 30, 2015 and 2014, respectively.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>7. Intangible Assets, Net</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following tables provide information regarding the Patent and patents pending:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td colspan="10" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>November 30, 2015</b></font></td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Gross carrying amount</b></font></td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accumulated amortization</b></font></td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net carrying amount</b></font></td> <td style="font-weight: bold; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 55%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">United States Patent</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,342,279</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,331,719</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,010,560</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Patents pending</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">22,764</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">22,764</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,365,043</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,331,719</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,033,324</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td colspan="10" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>August 31, 2015</b></font></td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Gross carrying amount</b></font></td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accumulated amortization</b></font></td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net carrying amount</b></font></td> <td style="font-weight: bold; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 55%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">United States Patent</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,342,279</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,238,450</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,103,829</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Patents pending</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">17,942</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#151;</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">17,942</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,360,221</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,238,450</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,121,771</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Also see Note 1 Company Overview and Basis of Presentation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">During the period ended November 30, 2015, management identified the following indicators of impairment indicating that the Patent&#146;s carrying amount might not be recoverable:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The inability to raise equity financing to implement its strategic plan; and</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Operating and cash flow losses since the Company completed the development of its Patent.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Management performed a recoverability test and determined that the estimated undiscounted future cash flows are greater than the Patent&#146;s carrying amount and that, accordingly, there is no impairment.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As of November 30, 2015, amortization expense on intangible assets for the next five years was expected to be as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b>&#160;</b></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount</b></font></td> <td style="font-weight: bold; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Year ending:</font></td> <td style="line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%; text-align: right">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 81%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2016</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">279,806</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2017</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">373,075</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">373,075</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2019</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">373,075</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2020</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">373,075</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Thereafter</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,261,218</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,033,324</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>8. Accounts Payable and Accrued Liabilities</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Accounts payable and accrued liabilities consisted of:&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;<b>November 30, 2015</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="font-weight: bold; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; font-weight: bold; line-height: 115%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>August 31, 2015</b></font></td> <td style="font-weight: bold; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Trade payables</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">339,665</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">279,890</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Vendor accruals</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,000</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12,500</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts payable and accrued liabilities</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">357,665</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">292,390</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>9. Related Party Transactions</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The President of the Company advanced $nil during the three months ended November 30, 2015 (2014 - $7,500) and $7,500 to the Company during the year ended August 31, 2015 (2014 - $245,000). Advances payable to the President totaled $252,500 at November 30, 2015 (2014 - $252,500) and $252,500 at August 31, 2015 (2014 - $245,000). These advances are unsecured and bear interest at 3% per annum. Of this amount, $245,000 is due on demand and $7,500 has no repayment terms. Interest expense of $1,889 was accrued on these advances during the three months ended November 30, 2015 (2014 - $1,886) and $7,572 during the year ended August 31, 2015 (2014 - $3,310). Accrued interest payable to the President totaled $12,771 at November 30, 2015 (2014 - $5,196) and $10,882 at August 31, 2015 (2014 - $3,310).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Consulting fees paid or accrued as payable to a company controlled by the President of the Company were $22,100 and $22,100 for the three months ended November 30, 2015 and 2014, respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">At November 30, 2015, the Company owed $279,776 (2014 - $258,736) to its President, including the above advances and accrued interest and $14,505 (2014 - $1,040) for reimbursable expenses incurred on the Company&#146;s behalf. At August 31, 2015, the Company owed $265,630 (2014 - $262,272) to its President, including the above advances and accrued interest and $2,248 (2014 - $13,962) for reimbursable expenses incurred on the Company&#146;s behalf.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">At November 30, 2015, the Company owed $100,300 (2014 - $11,900) in consulting fees to a company controlled by the President of the Company. At August 31, 2015, the Company owed $78,200 (2014 - $nil) in consulting fees to a company controlled by the President of the Company.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">All transactions with related parties occurred in the normal course of business and were measured at the exchange amount, which was the amount of consideration agreed upon between management and the related parties.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Also see Note 12.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>11. Commitments </b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #7030A0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 26, 2015, the Company renewed its premises lease dated November 11, 2011 for one additional year from February 1, 2015 to January 31, 2016 for a rental of $13,200 per year plus HST.</p> 6342279 22764 6342279 6360221 17942 6365043 2331719 2238450 2238450 2331719 4033324 22764 4103829 4121771 17942 4033324 0.03 0.03 160000 120000 12264146 -1774 -10 -32488 -25454 -56158 155300 155300 28875 28875 184175 184175 130741 133413 53434 50762 279890 339665 12500 18000 292390 357665 300000000 300000000 12264146 12264146 0.25 0.25 0.40 0.40 56516523 12264146 12264146 12264146 12264146 552000 552000 10890100 8431728 -8487886 -56158 -100000000 12264146 7500 245000 7500 252500 245000 252500 252500 12500 245000 265630 262272 279776 258736 2248 13962 14505 1040 78200 100300 11900 8431728 8431728 5727 5743 157500 112500 157500 62500 40000 30000 40000 30000 7500 0000844538 The above presentation reflects the issued share capital of TSI until the completion of the capital transaction, at which point it is adjusted to reflect the share capital of the legal parent company RMI. EX-101.SCH 7 trpo-20151130.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Consolidated Balance Sheets (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Consolidated Statements of Loss and Comprehensive Loss (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Consolidated Statements of Stockholders' Equity (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Disclosure - Company Overview and Basis of Presentation link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Reverse Takeover link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Loss Per Share link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Fair Value Measurements link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Equipment, Net link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Intangible Assets, Net link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Accounts Payable and Accrued Liabilities link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Advances from Shareholders link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Commitments link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Risks and Uncertainties link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Accounting Pronouncements link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Contingent Liability link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Reverse Takeover (Tables) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Loss Per Share (Tables) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Equipment, Net (Tables) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Intangible Assets, Net (Tables) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Accounts Payable and Accrued Liabilities (Tables) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Company Overview and Basis of Presentation (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Reverse Takeover (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Reverse Takeover - Schedule of Fair Values of Assets Acquired and Liabilities Assumed (Details) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Loss Per Share - Schedule of Computation of Loss Per Share (Details) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Equipment, Net (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Equipment, Net - Schedule of Equipment Cost (Details) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Intangible Assets, Net - Schedule of Patent and Patents Pending (Details) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Intangible Assets, Net - Schedule of Amortization Expense on Intangible Assets (Details) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Accounts Payable and Accrued Liabilities - Schedule of Accounts Payable and Accrued Liabilities (Details) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - Related Party Transactions (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000038 - Disclosure - Advances from Shareholders (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000039 - Disclosure - Commitments (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000040 - Disclosure - Stockholders' Equity (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000041 - Disclosure - Contingent Liability (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 trpo-20151130_cal.xml XBRL CALCULATION FILE EX-101.DEF 9 trpo-20151130_def.xml XBRL DEFINITION FILE EX-101.LAB 10 trpo-20151130_lab.xml XBRL LABEL FILE Additional Paid-In Capital [Member] Statement, Equity Components [Axis] Common Stock [Member] Deficit Accumulated During The Development Stage [Member] Tropic Spa Inc [Member] Legal Entity [Axis] Tropic Spa Group Inc [Member] President [Member] Title Of Individual [Axis] United States Patent [Member] Finite-Lived Intangible Assets by Major Class [Axis] Patents Pending [Member] Shareholder [Member] Related Party [Axis] Subco [Member] Maximum [Member] Range [Axis] Preferred Stock [Member] February 1, 2015 To January 31, 2016 [Member] Award Date [Axis] Shares Subscribed [Member] Private Placement [Member] Sale of Stock [Axis] Minimum [Member] Canada [Member] Geographical [Axis] United States [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Amendment Flag Document Period End Date Current Fiscal Year End Date Entity Filer Category Entity Common Stock Shares Outstanding Trading Symbol Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS Current assets: Cash Amounts receivable Inventory Prepaid expenses Total current assets Equipment, net (Note 6) Intangible assets, net (Note 7) Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued liabilities (Notes 8 and 9) Advances from shareholders (Notes 9 and 10) Total current liabilities Stockholders' equity (Note 12): Common stock Stock subscribed Additional paid-in capital Deficit accumulated during the development stage Total stockholders' equity Total liabilities and stockholders' equity Income Statement [Abstract] Revenue: Sales Total revenue Production costs: Amortization - patent Consulting fees - production Depreciation Materials and supplies Writedown of inventory Total production costs Gross loss General and administration: Consulting fees - management (Note 9) Depreciation Interest on advances from shareholders Loss on foreign exchange Marketing Office and miscellaneous Professional fees Rent Travel and entertainment Total general and administration Loss before income taxes Income taxes Net loss and comprehensive loss Net loss per share - basic and diluted (Note 4) Weighted-average number of shares outstanding Statement of Cash Flows [Abstract] Cash Flows From Operating Activities Net loss Adjustments to reconcile net loss to net cash provided by operating activities: Amortization - patent Depreciation Changes in assets and liabilities: Amounts receivable Inventory Accounts payable and accrued liabilities Interest on advances from shareholders (Notes 9 and 10) Net cash used in operating activities Cash Flows From Investing Activities Patent costs Net cash used in investing activities Cash Flows From Financing Activities Advances from shareholders Stock subscriptions received Net cash provided by financing activities Increase (decrease) in cash during the period Cash, beginning of period Cash, end of period Statement [Table] Statement [Line Items] Equity Components [Axis] Balance Balance, shares Shares issued for cash Shares issued for cash, shares Shares issued in exchange for management services Shares issued in exchange for management services, shares Recapitalization on reverse takeover (see Notes 2 and 12): Elimination of issued share capital of TSI, shares Establishment of issued share capital of RMI, shares Shares subscribed Balance Balance, shares Organization, Consolidation and Presentation of Financial Statements [Abstract] Company Overview and Basis of Presentation Business Combinations [Abstract] Reverse Takeover Accounting Policies [Abstract] Summary of Significant Accounting Policies Earnings Per Share [Abstract] Loss Per Share Fair Value Disclosures [Abstract] Fair Value Measurements Property, Plant and Equipment [Abstract] Equipment, Net Goodwill and Intangible Assets Disclosure [Abstract] Intangible Assets, Net Payables and Accruals [Abstract] Accounts Payable and Accrued Liabilities Related Party Transactions [Abstract] Related Party Transactions Advances From Shareholders Advances from Shareholders Commitments and Contingencies Disclosure [Abstract] Commitments Equity [Abstract] Stockholders' Equity Risks and Uncertainties [Abstract] Risks and Uncertainties Accounting Changes and Error Corrections [Abstract] Accounting Pronouncements Contingent Liability Contingent Liability Principles of Consolidation Use of Estimates Concentration of Risk Significant Accounting Policies Inventory Equipment, Net Intangible Assets Leases Impairment of Long-Lived Assets Sales, Other Revenue and Deferred Revenue Warranty Production Costs Advertising Costs Income Taxes Derivative Financial Instruments Fair Value of Financial Instruments Foreign Currency Schedule of Fair Values of Assets Acquired and Liabilities Assumed Schedule of Computation of Loss Per Share Schedule of Equipment Cost Schedule of Patent and Patents Pending Schedule of Amortization Expense on Intangible Assets Schedule of Accounts Payable and Accrued Liabilities Common stock, shares subscription Common stock subscription amount Development stage net loss Subscription received amount used for patent Net cash operations Working capital deficiency Stockholders' equity Common shares acquired Percentage of shares exchange for preferred stock of holding company Number of preferred stock issued in exchange Expected revenue, gross Percentage of redeemable outstanding preferred shares on a pro-rata basis Percentage of control of issued and outstanding of common stock Cash Subscriptions receivable Accounts payable and accrued liabilities Loan payable to TSI Net liabilities acquired Mold equipment, depreciation percentage Website, useful life Patent, Year of Extension Estimate of useful life of Patent Services revenue received Common stock Number of shares used in per share computations Loss per share Mold Equipment Website Equipment at cost Accumulated depreciation Equipment, net Patent, Gross carrying amount Patent, Accumulated amortization Patent, Net carrying amount 2016 2017 2018 2019 2020 Thereafter Total Trade payables Vendor accruals Accounts payable and accrued liabilities Title of Individual [Axis] Advanced from related party Advances payable to related parties Unsecured bear interest Due on demand Repayments of debt Interest expense Interest payable to related parties Consulting fees Due to related party Reimbursable expenses Own consulting fees Advance from stockholders Advances payable Unsecured debt Repayment of advances Accrued interest payable to shareholders Premises lease rental Common stock, shares authorized Common stock, per share value Common stock, shares issued Common stock, shares outstanding Business acquisition shares issued or issuable, number Subscriptions were received Common stock shares exchanged during period Sale of stock price per share Common stock exercisable price per share Number of common shares acquire from subsidiary Number of preferred stock for exchange Preferred stock outstanding Advances from shareholders disclosure text block. Consulting fees management. Consulting fees production. Contingent Liability [Text Block]. Elimination of issued share capital of subsidiary. Equipment depreciation percentage. Expected revenue gross. February to Jaunary [Member] Mold equipment. Office and miscellaneous expenses. Patent year of extension. Patents pending [Member]. Percentage of redeem outstanding preferred shares on prorata basis. Recapitalization on reverse. Reestablishment of issued share capital of parent. Shareholder [Member] Significant accounting policies [Policy Text Block] Subco [Member] Tropic spa group inc [Member] Tropic spa Inc [Member] United states patent [Member]. Vendor accruals current. Website equipment gross. Deficit Accumulated During Development Stage. Deficit Accumulated During Development Stage [Member] Shares Subscribed [Member] Working Capital Deficit. Canada [Member]. United States [Member]. Common Stock Exercisable Price Per Share. Assets, Current Assets Liabilities, Current Liabilities and Equity Revenues Operating Expenses Operating Income (Loss) Depreciation, Nonproduction Foreign Currency Transaction Gain (Loss), before Tax General and Administrative Expense Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest Amortization of Intangible Assets Depreciation [Default Label] Increase (Decrease) in Receivables Increase (Decrease) in Inventories Net Cash Provided by (Used in) Operating Activities Payments to Acquire Intangible Assets Net Cash Provided by (Used in) Investing Activities Net Cash Provided by (Used in) Financing Activities Cash and Cash Equivalents, Period Increase (Decrease) Shares, Outstanding ContingentLiabilityTextBlock Inventory, Policy [Policy Text Block] Property, Plant and Equipment, Policy [Policy Text Block] Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities Weighted Average Number of Shares, Common Stock Subject to Repurchase or Cancellation Property, Plant and Equipment, Gross Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment EX-101.PRE 11 trpo-20151130_pre.xml XBRL PRESENTATION FILE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.3.1.900
Document and Entity Information - shares
3 Months Ended
Nov. 30, 2015
Jan. 14, 2016
Document And Entity Information    
Entity Registrant Name TROPIC INTERNATIONAL INC.  
Entity Central Index Key 0000844538  
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Nov. 30, 2015  
Current Fiscal Year End Date --08-31  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock Shares Outstanding   12,264,146
Trading Symbol TRPO  
Document Fiscal Period Focus Q1  
Document Fiscal Year Focus 2016  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Balance Sheets (Unaudited) - CAD
Nov. 30, 2015
Aug. 31, 2015
Current assets:    
Cash CAD 11,054 CAD 8,336
Amounts receivable 9,408 3,681
Inventory 127,456 130,702
Prepaid expenses 3,300 3,300
Total current assets 151,218 146,019
Equipment, net (Note 6) 50,762 53,434
Intangible assets, net (Note 7) 4,033,324 4,121,771
Total assets 4,235,304 4,321,224
Current liabilities:    
Accounts payable and accrued liabilities (Notes 8 and 9) 357,665 292,390
Advances from shareholders (Notes 9 and 10) 428,242 425,175
Total current liabilities 785,907 717,565
Stockholders' equity (Note 12):    
Common stock 12,612 12,612
Stock subscribed 70,000 30,000
Additional paid-in capital 8,431,728 8,431,728
Deficit accumulated during the development stage (5,064,943) (4,870,681)
Total stockholders' equity 3,449,397 3,603,659
Total liabilities and stockholders' equity CAD 4,235,304 CAD 4,321,224
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - CAD
3 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Revenue:    
Sales CAD 563
Total revenue 563
Production costs:    
Amortization - patent 93,269 CAD 93,269
Consulting fees - production 7,200 7,800
Depreciation 2,672 3,340
Materials and supplies 4,339 2,626
Writedown of inventory 365 279
Total production costs 107,845 107,314
Gross loss (107,282) (107,314)
General and administration:    
Consulting fees - management (Note 9) CAD 46,196 46,375
Depreciation 1,443
Interest on advances from shareholders CAD 3,067 2,421
Loss on foreign exchange 1,927 964
Marketing 4,260 2,227
Office and miscellaneous 4,600 5,347
Professional fees 20,602 11,588
Rent 3,300 3,300
Travel and entertainment 3,028 3,085
Total general and administration 86,980 76,750
Loss before income taxes CAD (194,262) CAD (184,064)
Income taxes
Net loss and comprehensive loss CAD (194,262) CAD (184,064)
Net loss per share - basic and diluted (Note 4) CAD (0.02) CAD (0.02)
Weighted-average number of shares outstanding 12,264,146 12,264,146
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows (Unaudited) - CAD
3 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Cash Flows From Operating Activities    
Net loss CAD (194,262) CAD (184,064)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization - patent 93,269 93,269
Depreciation 2,672 4,783
Writedown of inventory 365 279
Changes in assets and liabilities:    
Amounts receivable (5,727) (5,743)
Inventory 2,881 1,215
Accounts payable and accrued liabilities 65,275 29,127
Interest on advances from shareholders (Notes 9 and 10) 3,067 2,421
Net cash used in operating activities (32,460) (58,713)
Cash Flows From Investing Activities    
Patent costs (4,822) (4,975)
Net cash used in investing activities CAD (4,822) (4,975)
Cash Flows From Financing Activities    
Advances from shareholders CAD 57,500
Stock subscriptions received CAD 40,000
Net cash provided by financing activities 40,000 CAD 57,500
Increase (decrease) in cash during the period 2,718 (6,188)
Cash, beginning of period 8,336 18,018
Cash, end of period CAD 11,054 CAD 11,830
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Stockholders' Equity (Unaudited) - CAD
Common Stock [Member]
Shares Subscribed [Member]
Additional Paid-In Capital [Member]
Deficit Accumulated During The Development Stage [Member]
Total
Balance at Aug. 31, 2012 CAD 7,932,201 CAD (2,488,050) CAD 5,444,151
Balance, shares at Aug. 31, 2012 [1] 56,516,523        
Shares issued for cash CAD 552,000 552,000
Shares issued for cash, shares [1] 10,890,100        
Shares issued in exchange for management services CAD 16,297 16,297
Shares issued in exchange for management services, shares [1] 32,593,377        
Recapitalization on reverse takeover (see Notes 2 and 12): CAD (8,487,886) CAD 8,431,728 CAD (56,158)
Elimination of issued share capital of TSI, shares (100,000,000) [1]
Establishment of issued share capital of RMI, shares 12,264,146 [1]
Net loss CAD (781,639) CAD (781,639)
Balance at Aug. 31, 2013 CAD 12,612 CAD 8,431,728 (3,269,689) CAD 5,174,651
Balance, shares at Aug. 31, 2013 [1] 12,264,146        
Shares subscribed        
Net loss (826,366) CAD (826,366)
Balance at Aug. 31, 2014 CAD 12,612 CAD 8,431,728 CAD (4,096,055) 4,348,285
Balance, shares at Aug. 31, 2014 [1] 12,264,146        
Shares subscribed CAD 30,000 30,000
Net loss CAD (774,626) (774,626)
Balance at Aug. 31, 2015 CAD 12,612 CAD 30,000 CAD 8,431,728 CAD (4,870,681) 3,603,659
Balance, shares at Aug. 31, 2015 [1] 12,264,146        
Shares subscribed CAD 40,000 40,000
Net loss CAD (194,262) (194,262)
Balance at Nov. 30, 2015 CAD 12,612 CAD 70,000 CAD 8,431,728 CAD (5,064,943) CAD 3,449,397
Balance, shares at Nov. 30, 2015 [1] 12,264,146        
[1] The above presentation reflects the issued share capital of TSI until the completion of the capital transaction, at which point it is adjusted to reflect the share capital of the legal parent company RMI.
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Company Overview and Basis of Presentation
3 Months Ended
Nov. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Company Overview and Basis of Presentation

1. Company Overview and Basis of Presentation

 

Nature and History of Operations

 

Tropic International, Inc. (formerly Rockford Minerals, Inc.) (a development stage company) (the “Company”) was incorporated under the laws of the state of Nevada on October 29, 2007. The Company was a natural resource exploration company with an objective of acquiring, exploring and, if warranted and feasible, developing natural resource properties. Activities during the exploration stage included developing the business plan and raising capital.

 

On June 28, 2013, the Company completed a reverse takeover transaction (see Note 2) with Tropic Spa Inc. (“TSI”), a company that manufactures and sells Home Mist Tanning units that deliver a full-body application. As a result of this transaction, the Company became a holding company operating through TSI. Upon the closing of the share exchange agreement described below, the Company changed its fiscal year end from October 31 to August 31 to coincide with the fiscal year end of TSI.

 

On December 6, 2013, the Company changed its name to Tropic International Inc. as a result of a merger with Tropic International Inc., a wholly-owned subsidiary incorporated solely to effect the name change. The accompanying consolidated financial statements include the results of operations of TSI and the Company for the three months ended November 30, 2015. The comparative amounts are the results of operations of the Company for the three months ended November 30, 2014.

 

On September 3, 2014, the Company’s shares became eligible for quotation on the OTCQB under the symbol TRPO.

 

On November 19, 2007, TSI entered into Share Subscription Agreements (the “Agreements”) with MCM Consulting Ltd., Nandoor Enterprises Ltd., Sierra Tan Ltd., Sunshower Incorporated, Sunshower International Corporation and Tropic Spa Group Inc. (the “Originating Companies”). Pursuant to the terms of the Agreements, the Originating Companies subscribed for, in aggregate, 18,202,503 common shares of TSI valued at $3,657,175. This assigned value was the cost to the Originating Companies, as of that date, of developing a Home Mist Tanning system and the application for and acquisition of a United States Patent “Apparatus for Spray Application of a Sunless Tanning Product” (the “Patent”). The Agreements included a triggering event (a “Triggering Event”) which was defined to mean the occurrence of any of the following events:

  

  Ninety days after TSI has been listed as a public company on a stock exchange;
     
  Ninety days after TSI either purchases or is purchased by a company that is trading on a stock exchange; or
     
  Notwithstanding the above, ninety days after TSI has notified the Originating Companies in writing that a Triggering Event has occurred.

 

The Originating Companies entered into agreements with their shareholders allowing the shareholders, upon the Triggering Event, to exchange their class A shares in the Originating Companies, by exercising the option under their common share exchange warrant, for common shares in TSI.

 

On April 9, 2009, the Board of Directors of TSI (the “Board”) resolved that the Triggering Event had occurred and approved and issued a Notification of Triggering Event to the shareholders of the Originating Companies. The decision to exercise the Triggering Event was driven by three factors:

 

  The approval of the Patent;
     
  Delivery of the final production model on or before April 21, 2009; and
     
  Implementation of an aggressive marketing strategy.

 

After November 19, 2007, and subsequent to the execution of the Agreements, Tropic Spa Group Inc. (“TSGI”) incurred an additional $2,685,104 on the continued development of the Home Mist Tanning system and the application for and acquisition of the Patent. On March 11, 2013, TSI executed a second Share Subscription Agreement (the “Second Agreement”) with TSGI to cover the common shares of TSI issued to the shareholders of TSGI in respect of the additional costs incurred. Pursuant to the terms of the Second Agreement, TSGI subscribed for 26,034,520 common shares valued at $3,155,462 covering the period from November 20, 2007 to June 2010. Of these amounts, 3,880,745 common shares are for $470,358 received directly by TSI. The value assigned to the carrying value of the Patent, during the year ended August 31, 2010, was $2,685,104 ($3,155,462 less $470,358). The total value assigned to the carrying value of the Patent pursuant to the Agreements and the Second Agreement, collectively, was $6,342,279.

 

The Company, through TSI, has patents pending which are in the process of being completed for Canada, China and the European Union. Costs incurred are recorded as intangible assets (see Note 7).

 

As reflected in the accompanying consolidated financial statements, the Company is in the development stage, has a net loss of $5,064,943 (August 31, 2015 - $4,870,681) since inception and has used cash in operations of $2,380,149 from inception. The Company has a working capital deficiency of $634,689 (August 31, 2015 - $571,546) and stockholders’ equity of $3,449,397 (August 31, 2015 - $3,603,659). This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on its ability to raise additional capital and to implement its business plan. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

XML 18 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
Reverse Takeover
3 Months Ended
Nov. 30, 2015
Business Combinations [Abstract]  
Reverse Takeover

2. Reverse Takeover

 

On June 28, 2013 (the “Closing Date”), the Company, its wholly-owned subsidiary 1894632 Ontario Inc. (“Subco”) and TSI entered into a share exchange agreement (the “Exchange Agreement”) with certain of the shareholders of TSI (the “Selling Shareholders”) pursuant to which the Company acquired 78,030,877 common shares, or approximately 78% of the issued and outstanding shares, of TSI in exchange for the issuance of 78,030,877 preferred shares of Subco to the Selling Shareholders on a one-for-one basis. Each one preferred share of Subco is exchangeable into one share of the Company’s common stock at the option of the holder subject to the following restrictions:

 

  The Selling Shareholders require the written consent of Subco to exchange, sell or otherwise dispose of, directly or indirectly, any of their preferred shares of Subco until the six month anniversary of the Closing Date;
     
  Within 30 days of that time, and provided TSI has generated at least $1,000,000 in gross revenue during the preceding six month period, Subco shall permit the Selling Shareholders to require Subco to redeem an aggregate of 1% of its then-outstanding preferred shares on a pro-rata basis; and
     
  Within 30 days of each six month anniversary of the Closing Date until June 30, 2015, on which date all restrictions on the preferred shares shall automatically expire unless extended by the Selling Shareholders, Subco shall grant the holders of its preferred shares a permission identical to the one above.

 

Upon completion of the Exchange Agreement, the sole officer and director of TSI became the sole officer and a director of the Company and the Company adopted the business plan of TSI.

 

As a result of the share exchange, the former shareholders of TSI control approximately 87% of the issued and outstanding common shares of the Company. The Exchange Agreement is a reverse takeover and therefore has been accounted for under the acquisition method with TSI as the accounting acquirer and continuing entity for accounting and financial reporting purposes and the Company as the legal parent being the acquiree. The business is in the development stage and there was no active market to reliably determine fair value of the consideration other than the value of the identifiable assets acquired.

 

Therefore, the purchase price allocation of the acquisition was based on the fair value of the net liabilities acquired which was charged to additional paid-in-capital.

 

The fair values of assets acquired and liabilities assumed are as follows:

 

Cash   $ 1,774  
Subscriptions receivable     10  
Accounts payable and accrued liabilities     (32,488 )
Loan payable to TSI     (25,454 )
Net liabilities acquired   $ (56,158 )

 

On February 17, 2015, the Company, Subco, TSI and the Selling Shareholders entered into an amendment to the Exchange Agreement in order to correct certain administrative errors in the Exchange Agreement and provide for the post-closing execution of the Exchange Agreement by those shareholders of TSI who were not original signatories thereto. In addition, the Selling Shareholders approved certain changes to the rights, privileges, restrictions and conditions attached to the preferred shares of Subco by consent in writing. This included extending the automatic expiration date in respect of the preferred shares of Subco from June 30, 2015 to June 30, 2017.

XML 19 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
Summary of Significant Accounting Policies
3 Months Ended
Nov. 30, 2015
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

3. Summary of Significant Accounting Policies

 

Principles of Consolidation

 

The accompanying consolidated financial statements include the financial statements of the Company, TSI, Subco and 1894631 Ontario Inc., the Company’s wholly-owned subsidiary. All significant inter-company balances and transactions have been eliminated.

 

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, the Company evaluates its estimates, including those related to equipment, fair values of intangible assets, and useful lives of intangible assets and the likelihood of realization of its deferred tax assets. The Company bases its estimates on assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.

 

Concentration of Risk

 

The financial instrument which potentially subjects the Company to a concentration of credit risk is cash. The Company places its cash in an account with a high credit quality financial institution.

 

Significant Accounting Policies

 

The accompanying consolidated financial statements reflect the application of certain significant accounting policies. There have been no material changes to the Company’s significant accounting policies that are disclosed in the consolidated financial statements and notes thereto during the period ended November 30, 2015.

 

Inventory

 

Inventory is stated at the lower of cost, computed using the first-in, first-out method, or market. If the cost of inventory exceeds its market value, a provision is made currently for the difference between the cost and market value. The Company’s inventory consists of finished goods, components and supplies.

 

Equipment, Net

 

Equipment is stated at cost, net of accumulated depreciation. Equipment is depreciated over the estimated useful life of the asset. Mould equipment is depreciated at 20% on a declining-balance basis. The website is depreciated on a straight-line basis over five years. One-half of these rates are used in the year of acquisition. Replacements and major improvements are capitalized, while maintenance and repairs are charged to expense as incurred. Upon retirement or sale, the cost of assets disposed of and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is credited or charged to operations.

 

Intangible Assets

 

The Patent is recorded at the value attributed to the shares issued to the Originating Companies and shareholders of TGSI less accumulated amortization. The Patent was issued on September 29, 2009 and is effective until September 29, 2026. Upon expiration, the Patent can be extended subject to certain changes required to secure the extension. Although the effects of obsolescence, demand, competition and other economic factors (such as stability of the industry, technological advances and legislative action that results in an uncertain or changing regulatory environment) can have an adverse effect on the industry and the Company’s product, management is not currently aware of any known adverse factors that will affect the Company in the future.

 

Costs incurred for patents which are in the process of being completed will be amortized over the life of the patent when the patent is issued.

 

The Company does not believe that there are any limits to how long its Home Mist Tanning units can sell in the market place. While it expects to be able to secure an extension to the Patent in 2026, this cannot be predicted with certainty at this time. Accordingly, management has determined that the best estimate of the useful life of the Patent is 17 years. At this time, the Company does not believe that the Patent will have a residual value at the end of its useful life.

 

Definite-lived intangible assets are required to be amortized using a method that reflects the pattern in which the economic benefits of the patents are consumed or utilized. At this time, management is not able to determine with any amount of certainty the number of Home Mist Tanning units that will be sold over the useful life of the Patent. Accordingly, the Patent is being amortized on a straight-line basis over the period of its useful life.

 

Intangible assets subject to amortization are required to be reviewed for impairment. An impairment loss must be recognized if the intangible asset’s carrying amount is not recoverable and the carrying amount exceeds fair value. The Company applies the following three-step process to identify, recognize and measure impairment of the Patent:

 

  ●  Consider whether indicators of impairment are present indicating that the Patent’s carrying amount might not be recoverable;
     
  If indicators are present, perform a recoverability test by comparing the sum of the estimated undiscounted future cash flows attributable to the Patent to its carrying amount; and
     
  If the undiscounted cash flows used in the recoverability test are less than the Patent’s carrying amount, determine the Patent’s fair value and recognize an impairment loss if the carrying amount exceeds fair value.

 

Because of the unique nature of a patent, an income-producing definite-lived intangible asset, the calculation of cash flows can be very difficult to estimate. In this case, the estimated cash flows reflect the direct revenue expected to be generated by the Patent as well as an allocation of expenses.

 

Leases

 

The Company currently rents premises pursuant to an operating lease.

 

Impairment of Long-Lived Assets

 

Long-lived assets, including equipment and intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount should be evaluated. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to the estimated undiscounted future cash flows expected to be generated by it. If the carrying amount of the asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds its fair value.

 

Sales, Other Revenue and Deferred Revenue

 

The Company sells Home Mist Tanning units and related supplies primarily on line via its website. The Company recognizes revenue when the units and supplies have been shipped to the customer, the amount to be paid by the customer is fixed or determinable and collectability is reasonably assured. Revenue is recorded net of applicable sales taxes.

 

In February 2012, the Company entered into an agreement with a fitness company to insert into every Home Mist Tanning unit package shipped in Canada a brochure advertising their store locations in Canada along with other related information about their fitness stores. Pursuant to this two-year agreement, commencing March 1, 2012 and ending February 28, 2014, the Company has received $50,000 for this service. Revenue was recognized on a straight-line basis over the term of the agreement.

 

Warranty

 

The Company is committed to supplying products of superior quality and design. Because of this commitment, it provides a limited one year warranty effective from the date of purchase. The Company warranties its Home Mist Tanning units to be free of defects. If a unit stops operating due to defects in materials or workmanship, the Company either repairs or replaces it for free.

 

Production Costs

 

Production costs consist of patent amortization, production consulting fees, equipment depreciation, materials and supplies.

 

Advertising Costs

 

The Company charges all advertising and marketing costs to expense in the period incurred.

 

Income Taxes

 

Deferred income tax is accounted for using the asset and liability method. Deferred income taxes are provided for temporary differences in recognizing certain income and expense items for financial reporting purposes and tax reporting purposes. Such deferred income taxes primarily relate to the difference between the tax bases of assets and liabilities and their financial reporting amounts. Deferred tax assets and liabilities are measured by applying enacted statutory tax rates applicable to the future years in which deferred tax assets or liabilities are expected to be settled or realized. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversals of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. At this time, the Company is not able to project future taxable income over the periods in which the deferred tax assets are deductible and, accordingly, management is not able to determine if it is more likely than not that the Company will realize the benefits of these deductible differences.

 

Derivative Financial Instruments

 

The Company does not have any derivative financial assets or liabilities.

 

Fair Value of Financial Instruments

 

Fair values of cash, accounts payable and accrued liabilities, and advances from shareholders approximate fair value because of the short-term nature of these items. Amounts receivable consists primarily of Harmonized Sales Tax (“HST”) receivable from the Government of Canada. HST is not a financial instrument.

 

Foreign Currency

 

The functional currency of the Company and its subsidiaries is the Canadian dollar. The accompanying consolidated financial statements are presented in Canadian dollars.

 

Foreign currency transactions are translated into functional currency using the exchange rates prevailing at the date of the transaction. Foreign currency monetary items are translated at the period-end exchange rate. Non-monetary items measured at historical cost continue to be carried at the exchange rate at the date of the transaction. Exchange differences arising on the translation of monetary items or on settlement of monetary items are recognized in the loss in the period in which they arise.

XML 20 R9.htm IDEA: XBRL DOCUMENT v3.3.1.900
Loss Per Share
3 Months Ended
Nov. 30, 2015
Earnings Per Share [Abstract]  
Loss Per Share

4. Loss Per Share

 

The following table sets forth the computation of loss per share:

 

    For the Three Months Ended
November 30,
 
    2015     2014  
Net loss per share:                
Net loss   $ (194,262 )   $ (184,064 )
Weighted-average shares outstanding:                
Common stock     12,264,146       12,264,146  
Number of shares used in per share computations     12,264,146       12,264,146  
Loss per share   $ (0.02 )   $ (0.02 )

XML 21 R10.htm IDEA: XBRL DOCUMENT v3.3.1.900
Fair Value Measurements
3 Months Ended
Nov. 30, 2015
Fair Value Disclosures [Abstract]  
Fair Value Measurements

5. Fair Value Measurements

 

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. There is a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

 

Level 1 – Observable inputs such as quoted prices in active markets for identical assets or liabilities;

 

Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and

 

Level 3 – Unobservable inputs that are supported by little or no market activity, which require management judgment or estimation.

 

The Company measures its financial instruments at fair value.

 

The carrying value of cash deposits is a reasonable estimate of its fair value due to the short maturity of the financial instrument.

 

The Company does not have assets and liabilities that are measured at fair value on a recurring basis.

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.3.1.900
Equipment, Net
3 Months Ended
Nov. 30, 2015
Property, Plant and Equipment [Abstract]  
Equipment, Net

6. Equipment, Net

 

Equipment, at cost, consisted of: 

 

    November 30, 2015     August 31, 2015  
Mould equipment   $ 155,300     $ 155,300  
Website     28,875       28,875  
Equipment at cost     184,175       184,175  
Accumulated depreciation     (133,413 )     (130,741 )
Equipment, net   $ 50,762     $ 53,434  

 

Depreciation was $2,672 and $4,783 for the three month periods ended November 30, 2015 and 2014, respectively.

XML 23 R12.htm IDEA: XBRL DOCUMENT v3.3.1.900
Intangible Assets, Net
3 Months Ended
Nov. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

7. Intangible Assets, Net

 

The following tables provide information regarding the Patent and patents pending:

 

    November 30, 2015  
    Gross carrying amount     Accumulated amortization     Net carrying amount  
United States Patent   $ 6,342,279     $ 2,331,719     $ 4,010,560  
Patents pending     22,764             22,764  
    $ 6,365,043     $ 2,331,719     $ 4,033,324  

 

    August 31, 2015  
    Gross carrying amount     Accumulated amortization     Net carrying amount  
United States Patent   $ 6,342,279     $ 2,238,450     $ 4,103,829  
Patents pending     17,942             17,942  
    $ 6,360,221     $ 2,238,450     $ 4,121,771  

 

Also see Note 1 Company Overview and Basis of Presentation.

 

During the period ended November 30, 2015, management identified the following indicators of impairment indicating that the Patent’s carrying amount might not be recoverable:

 

  The inability to raise equity financing to implement its strategic plan; and
     
  Operating and cash flow losses since the Company completed the development of its Patent.

 

Management performed a recoverability test and determined that the estimated undiscounted future cash flows are greater than the Patent’s carrying amount and that, accordingly, there is no impairment.

 

As of November 30, 2015, amortization expense on intangible assets for the next five years was expected to be as follows:

 

      Amount  
Year ending:          
2016     $ 279,806  
2017       373,075  
2018       373,075  
2019       373,075  
2020       373,075  
Thereafter       2,261,218  
Total     $ 4,033,324  

XML 24 R13.htm IDEA: XBRL DOCUMENT v3.3.1.900
Accounts Payable and Accrued Liabilities
3 Months Ended
Nov. 30, 2015
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Liabilities

8. Accounts Payable and Accrued Liabilities

 

Accounts payable and accrued liabilities consisted of: 

 

     November 30, 2015     August 31, 2015  
Trade payables   $ 339,665     $ 279,890  
Vendor accruals     18,000       12,500  
Accounts payable and accrued liabilities   $ 357,665     $ 292,390  

XML 25 R14.htm IDEA: XBRL DOCUMENT v3.3.1.900
Related Party Transactions
3 Months Ended
Nov. 30, 2015
Related Party Transactions [Abstract]  
Related Party Transactions

9. Related Party Transactions

 

The President of the Company advanced $nil during the three months ended November 30, 2015 (2014 - $7,500) and $7,500 to the Company during the year ended August 31, 2015 (2014 - $245,000). Advances payable to the President totaled $252,500 at November 30, 2015 (2014 - $252,500) and $252,500 at August 31, 2015 (2014 - $245,000). These advances are unsecured and bear interest at 3% per annum. Of this amount, $245,000 is due on demand and $7,500 has no repayment terms. Interest expense of $1,889 was accrued on these advances during the three months ended November 30, 2015 (2014 - $1,886) and $7,572 during the year ended August 31, 2015 (2014 - $3,310). Accrued interest payable to the President totaled $12,771 at November 30, 2015 (2014 - $5,196) and $10,882 at August 31, 2015 (2014 - $3,310).

 

Consulting fees paid or accrued as payable to a company controlled by the President of the Company were $22,100 and $22,100 for the three months ended November 30, 2015 and 2014, respectively.

 

At November 30, 2015, the Company owed $279,776 (2014 - $258,736) to its President, including the above advances and accrued interest and $14,505 (2014 - $1,040) for reimbursable expenses incurred on the Company’s behalf. At August 31, 2015, the Company owed $265,630 (2014 - $262,272) to its President, including the above advances and accrued interest and $2,248 (2014 - $13,962) for reimbursable expenses incurred on the Company’s behalf.

 

At November 30, 2015, the Company owed $100,300 (2014 - $11,900) in consulting fees to a company controlled by the President of the Company. At August 31, 2015, the Company owed $78,200 (2014 - $nil) in consulting fees to a company controlled by the President of the Company.

 

All transactions with related parties occurred in the normal course of business and were measured at the exchange amount, which was the amount of consideration agreed upon between management and the related parties.

 

Also see Note 12.

XML 26 R15.htm IDEA: XBRL DOCUMENT v3.3.1.900
Advances from Shareholders
3 Months Ended
Nov. 30, 2015
Advances From Shareholders  
Advances from Shareholders

10. Advances from Shareholders

 

Shareholders of the Company advanced $nil to the Company during the three months ended November 30, 2015 (2014 - $50,000) and $95,000 during the year ended August 31, 2015 (2014 - $62,500). Advances payable to shareholders totaled $157,500 at November 30, 2015 (2014 - $112,500) and $157,500 at August 31, 2015 (2014 - $62,500). These advances are unsecured and bear interest at 3% per annum. Of this amount, $12,500 is due on demand and $145,000 has no repayment terms. Interest expense of $1,178 was accrued on these advances during the three months ended November 30, 2015 (2014 - $535) and $4,065 during the year ended August 31, 2015 (2014 - $228). Accrued interest payable to shareholders totaled $5,471 at November 30, 2015 (2014 - $763) and $4,293 at August 31, 2015 (2014 - $228).

XML 27 R16.htm IDEA: XBRL DOCUMENT v3.3.1.900
Commitments
3 Months Ended
Nov. 30, 2015
Commitments and Contingencies Disclosure [Abstract]  
Commitments

11. Commitments

 

On January 26, 2015, the Company renewed its premises lease dated November 11, 2011 for one additional year from February 1, 2015 to January 31, 2016 for a rental of $13,200 per year plus HST.

XML 28 R17.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stockholders' Equity
3 Months Ended
Nov. 30, 2015
Equity [Abstract]  
Stockholders' Equity

12. Stockholders’ Equity

 

The Company is authorized to issue 300,000,000 shares of common stock at a par value of $0.001.

 

At November 30, 2015 and August 31, 2015, the Company had 12,264,146 shares of common stock issued and outstanding.

 

On June 28, 2013, pursuant to the Exchange Agreement, RMI acquired 78,030,877 common shares of TSI in exchange for the issuance of 78,030,877 preferred shares of Subco to the Selling Shareholders on a one-for-one basis. As a result of the Exchange Agreement, TSI became the Company’s majority-owned subsidiary. Each preferred share of Subco is exchangeable into one share of the Company’s common stock at the option of the holder subject to certain restrictions. As at November 30, 2015 and August 31, 2015, none of the preferred shares had been exchanged. Accordingly, the number of shares of the Company’s common stock outstanding at November 30, 2015 is equal to the number of shares outstanding immediately prior to the consummation of the Exchange Agreement.

 

As a condition of the closing of the Exchange Agreement, the Company also entered into a Support Agreement and a Voting and Exchange Trust Agreement on the closing date. The Support Agreement ensures that the obligations of Subco remain effective until all of the preferred shares have been exchanged. The Voting and Exchange Trust Agreement provides and establishes a procedure whereby the voting rights attached to shares of the Company’s common stock are exercisable by the registered holders (the Selling Shareholders) of the preferred shares. The Trustee holds legal title to a Special Voting Share to which voting rights are attached for the benefit of the Selling Shareholders. The Trustee holds the Special Voting Share solely for the use and benefit of the Selling Shareholders.

 

Common Stock Issuances

 

During the three months ended November 30, 2015 and the year ended August 31, 2015, the Company issued no shares.

 

During the three months ended November 30, 2015, $40,000 (2014 - $nil) in stock subscriptions were received pursuant to three individual private placements. These subscriptions are for a total of 160,000 units of the Company at a price of $0.25 per unit. Each unit consists of one share of the Company’s common stock and one warrant to purchase one share of common stock exercisable at a price of $0.40 per share for a period to be determined.

 

During the year ended August 31, 2015, $30,000 (2014 - $nil) in stock subscriptions were received pursuant to three individual private placements. These subscriptions are for a total of 120,000 units of the Company at a price of $0.25 per unit. Each unit consists of one share of the Company’s common stock and one warrant to purchase one share of common stock exercisable at a price of $0.40 per share for a period to be determined.

XML 29 R18.htm IDEA: XBRL DOCUMENT v3.3.1.900
Risks and Uncertainties
3 Months Ended
Nov. 30, 2015
Risks and Uncertainties [Abstract]  
Risks and Uncertainties

13. Risks and Uncertainties

 

The Company’s future results of operations involve a number of risks and uncertainties. Factors that could affect its future operating results and cause actual results to vary materially from expectations include, but are not limited to: current economic conditions, uncertainty in the potential markets for its Home Mist Tanning units, increasing competition, and dependence on its existing management and key personnel.

XML 30 R19.htm IDEA: XBRL DOCUMENT v3.3.1.900
Accounting Pronouncements
3 Months Ended
Nov. 30, 2015
Accounting Changes and Error Corrections [Abstract]  
Accounting Pronouncements

14. Accounting Pronouncements

 

In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-10, which amended Accounting Standards Codification (“ASC”) Topic 915, Development Stage Entities. The amendment eliminates certain financial reporting requirements surrounding development stage entities, including an amendment to the variable interest entities guidance in ASC Topic 810, Consolidation. The amendment removes the definition of a development stage entity from the ASC, thereby removing the financial reporting distinction between development stage entities and other entities from U.S. GAAP. Consequently, the amendment eliminates the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose the first year in which the entity is no longer a development stage entity. This amendment is effective for fiscal years beginning after December 15, 2014, and interim periods therein. The Company adopted this amendment effective September 1, 2015 and, as a result, the Company is no longer presenting or disclosing the information previously required under Topic 915. The adoption of this amendment alters the disclosure requirements of the Company, but it does not have any impact on the Company’s financial position or results of operations for the current or any prior reporting period.

 

In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-15”). ASU 2014-15 is intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. The amendments in this ASU are effective for reporting periods beginning after December 15, 2016, with early adoption permitted. The Company is currently assessing the impact the adoption of ASU 2014-15 will have on its financial statements and related disclosures.

 

In July 2015, the FASB issued ASU No. 2015-11, which amended ASC Topic 330, Inventory. The amendment simplifies the measurement of inventory, applying to inventories for which cost is determined by methods other than last-in first-out (LIFO) and the retail inventory method (RIM), specifying that an entity should measure inventory at the lower of cost and net realizable value instead of at the lower of cost or market. The amendments in this ASU are effective for fiscal years beginning after December 15, 2016, and interim periods therein. The Company is currently assessing the impact the adoption of the amendment will have on its financial statements and related disclosures.

XML 31 R20.htm IDEA: XBRL DOCUMENT v3.3.1.900
Contingent Liability
3 Months Ended
Nov. 30, 2015
Contingent Liability  
Contingent Liability

15. Contingent Liability

 

Pursuant to the Exchange Agreement, as amended, the Company may be required to acquire up to 21,969,123 common shares of TSI, being those TSI shares still outstanding, in exchange for 21,969,123 preferred shares of Subco on a one-for-one basis. Such preferred shares would then be exchangeable on the same basis as the approximately 78 million Subco preferred shares currently outstanding (see Notes 2 and 12).

XML 32 R21.htm IDEA: XBRL DOCUMENT v3.3.1.900
Summary of Significant Accounting Policies (Policies)
3 Months Ended
Nov. 30, 2015
Accounting Policies [Abstract]  
Principles of Consolidation

Principles of Consolidation

 

The accompanying consolidated financial statements include the financial statements of the Company, TSI, Subco and 1894631 Ontario Inc., the Company’s wholly-owned subsidiary. All significant inter-company balances and transactions have been eliminated.

Use of Estimates

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, the Company evaluates its estimates, including those related to equipment, fair values of intangible assets, and useful lives of intangible assets and the likelihood of realization of its deferred tax assets. The Company bases its estimates on assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.

Concentration of Risk

Concentration of Risk

 

The financial instrument which potentially subjects the Company to a concentration of credit risk is cash. The Company places its cash in an account with a high credit quality financial institution.

Significant Accounting Policies

Significant Accounting Policies

 

The accompanying consolidated financial statements reflect the application of certain significant accounting policies. There have been no material changes to the Company’s significant accounting policies that are disclosed in the consolidated financial statements and notes thereto during the period ended November 30, 2015.

Inventory

Inventory

 

Inventory is stated at the lower of cost, computed using the first-in, first-out method, or market. If the cost of inventory exceeds its market value, a provision is made currently for the difference between the cost and market value. The Company’s inventory consists of finished goods, components and supplies.

Equipment, Net

Equipment, Net

 

Equipment is stated at cost, net of accumulated depreciation. Equipment is depreciated over the estimated useful life of the asset. Mould equipment is depreciated at 20% on a declining-balance basis. The website is depreciated on a straight-line basis over five years. One-half of these rates are used in the year of acquisition. Replacements and major improvements are capitalized, while maintenance and repairs are charged to expense as incurred. Upon retirement or sale, the cost of assets disposed of and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is credited or charged to operations.

Intangible Assets

Intangible Assets

 

The Patent is recorded at the value attributed to the shares issued to the Originating Companies and shareholders of TGSI less accumulated amortization. The Patent was issued on September 29, 2009 and is effective until September 29, 2026. Upon expiration, the Patent can be extended subject to certain changes required to secure the extension. Although the effects of obsolescence, demand, competition and other economic factors (such as stability of the industry, technological advances and legislative action that results in an uncertain or changing regulatory environment) can have an adverse effect on the industry and the Company’s product, management is not currently aware of any known adverse factors that will affect the Company in the future.

 

Costs incurred for patents which are in the process of being completed will be amortized over the life of the patent when the patent is issued.

 

The Company does not believe that there are any limits to how long its Home Mist Tanning units can sell in the market place. While it expects to be able to secure an extension to the Patent in 2026, this cannot be predicted with certainty at this time. Accordingly, management has determined that the best estimate of the useful life of the Patent is 17 years. At this time, the Company does not believe that the Patent will have a residual value at the end of its useful life.

 

Definite-lived intangible assets are required to be amortized using a method that reflects the pattern in which the economic benefits of the patents are consumed or utilized. At this time, management is not able to determine with any amount of certainty the number of Home Mist Tanning units that will be sold over the useful life of the Patent. Accordingly, the Patent is being amortized on a straight-line basis over the period of its useful life.

 

Intangible assets subject to amortization are required to be reviewed for impairment. An impairment loss must be recognized if the intangible asset’s carrying amount is not recoverable and the carrying amount exceeds fair value. The Company applies the following three-step process to identify, recognize and measure impairment of the Patent:

 

  ●  Consider whether indicators of impairment are present indicating that the Patent’s carrying amount might not be recoverable;
     
  If indicators are present, perform a recoverability test by comparing the sum of the estimated undiscounted future cash flows attributable to the Patent to its carrying amount; and
     
  If the undiscounted cash flows used in the recoverability test are less than the Patent’s carrying amount, determine the Patent’s fair value and recognize an impairment loss if the carrying amount exceeds fair value.

 

Because of the unique nature of a patent, an income-producing definite-lived intangible asset, the calculation of cash flows can be very difficult to estimate. In this case, the estimated cash flows reflect the direct revenue expected to be generated by the Patent as well as an allocation of expenses.

Leases

Leases

 

The Company currently rents premises pursuant to an operating lease.

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

 

Long-lived assets, including equipment and intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount should be evaluated. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to the estimated undiscounted future cash flows expected to be generated by it. If the carrying amount of the asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds its fair value.

Sales, Other Revenue and Deferred Revenue

Sales, Other Revenue and Deferred Revenue

 

The Company sells Home Mist Tanning units and related supplies primarily on line via its website. The Company recognizes revenue when the units and supplies have been shipped to the customer, the amount to be paid by the customer is fixed or determinable and collectability is reasonably assured. Revenue is recorded net of applicable sales taxes.

 

In February 2012, the Company entered into an agreement with a fitness company to insert into every Home Mist Tanning unit package shipped in Canada a brochure advertising their store locations in Canada along with other related information about their fitness stores. Pursuant to this two-year agreement, commencing March 1, 2012 and ending February 28, 2014, the Company has received $50,000 for this service. Revenue was recognized on a straight-line basis over the term of the agreement.

Warranty

Warranty

 

The Company is committed to supplying products of superior quality and design. Because of this commitment, it provides a limited one year warranty effective from the date of purchase. The Company warranties its Home Mist Tanning units to be free of defects. If a unit stops operating due to defects in materials or workmanship, the Company either repairs or replaces it for free.

Production Costs

Production Costs

 

Production costs consist of patent amortization, production consulting fees, equipment depreciation, materials and supplies.

Advertising Costs

Advertising Costs

 

The Company charges all advertising and marketing costs to expense in the period incurred.

Income Taxes

Income Taxes

 

Deferred income tax is accounted for using the asset and liability method. Deferred income taxes are provided for temporary differences in recognizing certain income and expense items for financial reporting purposes and tax reporting purposes. Such deferred income taxes primarily relate to the difference between the tax bases of assets and liabilities and their financial reporting amounts. Deferred tax assets and liabilities are measured by applying enacted statutory tax rates applicable to the future years in which deferred tax assets or liabilities are expected to be settled or realized. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversals of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. At this time, the Company is not able to project future taxable income over the periods in which the deferred tax assets are deductible and, accordingly, management is not able to determine if it is more likely than not that the Company will realize the benefits of these deductible differences.

Derivative Financial Instruments

Derivative Financial Instruments

 

The Company does not have any derivative financial assets or liabilities.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

 

Fair values of cash, accounts payable and accrued liabilities, and advances from shareholders approximate fair value because of the short-term nature of these items. Amounts receivable consists primarily of Harmonized Sales Tax (“HST”) receivable from the Government of Canada. HST is not a financial instrument.

Foreign Currency

Foreign Currency

 

The functional currency of the Company and its subsidiaries is the Canadian dollar. The accompanying consolidated financial statements are presented in Canadian dollars.

 

Foreign currency transactions are translated into functional currency using the exchange rates prevailing at the date of the transaction. Foreign currency monetary items are translated at the period-end exchange rate. Non-monetary items measured at historical cost continue to be carried at the exchange rate at the date of the transaction. Exchange differences arising on the translation of monetary items or on settlement of monetary items are recognized in the loss in the period in which they arise.

XML 33 R22.htm IDEA: XBRL DOCUMENT v3.3.1.900
Reverse Takeover (Tables)
3 Months Ended
Nov. 30, 2015
Business Combinations [Abstract]  
Schedule of Fair Values of Assets Acquired and Liabilities Assumed

The fair values of assets acquired and liabilities assumed are as follows:

 

Cash   $ 1,774  
Subscriptions receivable     10  
Accounts payable and accrued liabilities     (32,488 )
Loan payable to TSI     (25,454 )
Net liabilities acquired   $ (56,158 )

XML 34 R23.htm IDEA: XBRL DOCUMENT v3.3.1.900
Loss Per Share (Tables)
3 Months Ended
Nov. 30, 2015
Earnings Per Share [Abstract]  
Schedule of Computation of Loss Per Share

The following table sets forth the computation of loss per share:

 

    For the Three Months Ended
November 30,
 
    2015     2014  
Net loss per share:                
Net loss   $ (194,262 )   $ (184,064 )
Weighted-average shares outstanding:                
Common stock     12,264,146       12,264,146  
Number of shares used in per share computations     12,264,146       12,264,146  
Loss per share   $ (0.02 )   $ (0.02 )

XML 35 R24.htm IDEA: XBRL DOCUMENT v3.3.1.900
Equipment, Net (Tables)
3 Months Ended
Nov. 30, 2015
Property, Plant and Equipment [Abstract]  
Schedule of Equipment Cost

Equipment, at cost, consisted of: 

 

    November 30, 2015     August 31, 2015  
Mould equipment   $ 155,300     $ 155,300  
Website     28,875       28,875  
Equipment at cost     184,175       184,175  
Accumulated depreciation     (133,413 )     (130,741 )
Equipment, net   $ 50,762     $ 53,434  

XML 36 R25.htm IDEA: XBRL DOCUMENT v3.3.1.900
Intangible Assets, Net (Tables)
3 Months Ended
Nov. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Patent and Patents Pending

The following tables provide information regarding the Patent and patents pending:

 

    November 30, 2015  
    Gross carrying amount     Accumulated amortization     Net carrying amount  
United States Patent   $ 6,342,279     $ 2,331,719     $ 4,010,560  
Patents pending     22,764             22,764  
    $ 6,365,043     $ 2,331,719     $ 4,033,324  

 

    August 31, 2015  
    Gross carrying amount     Accumulated amortization     Net carrying amount  
United States Patent   $ 6,342,279     $ 2,238,450     $ 4,103,829  
Patents pending     17,942             17,942  
    $ 6,360,221     $ 2,238,450     $ 4,121,771  

Schedule of Amortization Expense on Intangible Assets

As of November 30, 2015, amortization expense on intangible assets for the next five years was expected to be as follows:

 

      Amount  
Year ending:          
2016     $ 279,806  
2017       373,075  
2018       373,075  
2019       373,075  
2020       373,075  
Thereafter       2,261,218  
Total     $ 4,033,324  

XML 37 R26.htm IDEA: XBRL DOCUMENT v3.3.1.900
Accounts Payable and Accrued Liabilities (Tables)
3 Months Ended
Nov. 30, 2015
Payables and Accruals [Abstract]  
Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consisted of: 

 

     November 30, 2015     August 31, 2015  
Trade payables   $ 339,665     $ 279,890  
Vendor accruals     18,000       12,500  
Accounts payable and accrued liabilities   $ 357,665     $ 292,390  

XML 38 R27.htm IDEA: XBRL DOCUMENT v3.3.1.900
Company Overview and Basis of Presentation (Details Narrative) - CAD
3 Months Ended 95 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Nov. 30, 2015
Aug. 31, 2015
Aug. 31, 2014
Aug. 31, 2013
Aug. 31, 2012
Aug. 31, 2010
Jun. 30, 2010
Nov. 19, 2007
Development stage net loss CAD 5,064,943   CAD 5,064,943 CAD 4,870,681            
Subscription received amount used for patent               CAD 2,685,104    
Net cash operations 32,460 CAD 58,713 2,380,149              
Working capital deficiency 634,689   634,689 571,546            
Stockholders' equity 3,449,397   3,449,397 CAD 3,603,659 CAD 4,348,285 CAD 5,174,651 CAD 5,444,151      
Tropic Spa Inc [Member]                    
Common stock, shares subscription                 3,880,745 18,202,503
Common stock subscription amount                 CAD 470,358 CAD 3,657,175
Subscription received amount used for patent CAD 6,342,279   CAD 6,342,279              
Tropic Spa Group Inc [Member]                    
Common stock, shares subscription                 26,034,520  
Common stock subscription amount                 CAD 3,155,462  
Development stage net loss                   CAD 2,685,104
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.3.1.900
Reverse Takeover (Details Narrative) - CAD
3 Months Ended
Jun. 28, 2013
Nov. 30, 2015
Tropic Spa Inc [Member]    
Percentage of shares exchange for preferred stock of holding company 78.00%  
Percentage of redeemable outstanding preferred shares on a pro-rata basis 1.00%  
Percentage of control of issued and outstanding of common stock 87.00%  
Tropic Spa Inc [Member] | Common Stock [Member]    
Common shares acquired 78,030,877 21,969,123
Tropic Spa Inc [Member] | Maximum [Member]    
Expected revenue, gross CAD 1,000,000  
Subco [Member] | Preferred Stock [Member]    
Number of preferred stock issued in exchange 78,030,877 21,969,123
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.3.1.900
Reverse Takeover - Schedule of Fair Values of Assets Acquired and Liabilities Assumed (Details)
Nov. 30, 2015
CAD
Business Combinations [Abstract]  
Cash CAD 1,774
Subscriptions receivable 10
Accounts payable and accrued liabilities (32,488)
Loan payable to TSI (25,454)
Net liabilities acquired CAD (56,158)
XML 41 R30.htm IDEA: XBRL DOCUMENT v3.3.1.900
Summary of Significant Accounting Policies (Details Narrative) - CAD
3 Months Ended 24 Months Ended
Nov. 30, 2015
Feb. 28, 2014
Accounting Policies [Abstract]    
Mold equipment, depreciation percentage 20.00%  
Website, useful life 5 years  
Patent, Year of Extension 2026  
Estimate of useful life of Patent 17 years  
Services revenue received   CAD 50,000
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.3.1.900
Loss Per Share - Schedule of Computation of Loss Per Share (Details) - CAD
3 Months Ended 12 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Aug. 31, 2015
Aug. 31, 2014
Aug. 31, 2013
Earnings Per Share [Abstract]          
Net loss CAD (194,262) CAD (184,064) CAD (774,626) CAD (826,366) CAD (781,639)
Common stock 12,264,146 12,264,146      
Number of shares used in per share computations 12,264,146 12,264,146      
Loss per share CAD (0.02) CAD (0.02)      
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.3.1.900
Equipment, Net (Details Narrative) - CAD
3 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Property, Plant and Equipment [Abstract]    
Depreciation CAD 2,672 CAD 4,783
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
Equipment, Net - Schedule of Equipment Cost (Details) - CAD
Nov. 30, 2015
Aug. 31, 2015
Property, Plant and Equipment [Abstract]    
Mold Equipment CAD 155,300 CAD 155,300
Website 28,875 28,875
Equipment at cost 184,175 184,175
Accumulated depreciation (133,413) (130,741)
Equipment, net CAD 50,762 CAD 53,434
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.3.1.900
Intangible Assets, Net - Schedule of Patent and Patents Pending (Details) - CAD
Nov. 30, 2015
Aug. 31, 2015
Patent, Gross carrying amount CAD 6,365,043 CAD 6,360,221
Patent, Accumulated amortization 2,331,719 2,238,450
Patent, Net carrying amount 4,033,324 4,121,771
United States Patent [Member]    
Patent, Gross carrying amount 6,342,279 6,342,279
Patent, Accumulated amortization 2,331,719 2,238,450
Patent, Net carrying amount 4,033,324 4,103,829
Patents Pending [Member]    
Patent, Gross carrying amount CAD 22,764 CAD 17,942
Patent, Accumulated amortization
Patent, Net carrying amount CAD 22,764 CAD 17,942
XML 46 R35.htm IDEA: XBRL DOCUMENT v3.3.1.900
Intangible Assets, Net - Schedule of Amortization Expense on Intangible Assets (Details) - CAD
Nov. 30, 2015
Aug. 31, 2015
Total CAD 4,033,324 CAD 4,121,771
United States Patent [Member]    
2016 279,806  
2017 373,075  
2018 373,075  
2019 373,075  
2020 373,075  
Thereafter 2,261,218  
Total CAD 4,033,324 CAD 4,103,829
XML 47 R36.htm IDEA: XBRL DOCUMENT v3.3.1.900
Accounts Payable and Accrued Liabilities - Schedule of Accounts Payable and Accrued Liabilities (Details) - CAD
Nov. 30, 2015
Aug. 31, 2015
Payables and Accruals [Abstract]    
Trade payables CAD 339,665 CAD 279,890
Vendor accruals 18,000 12,500
Accounts payable and accrued liabilities CAD 357,665 CAD 292,390
XML 48 R37.htm IDEA: XBRL DOCUMENT v3.3.1.900
Related Party Transactions (Details Narrative) - CAD
3 Months Ended 12 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Aug. 31, 2015
Aug. 31, 2014
Unsecured bear interest 3.00%      
Due on demand CAD 245,000      
Repayments of debt 7,500      
Interest expense 1,889 CAD 1,886 CAD 3,310 CAD 7,572
Consulting fees CAD 20,602 11,588    
President [Member]        
Advanced from related party 7,500 7,500 245,000
Advances payable to related parties CAD 252,500 252,500 252,500 245,000
Interest payable to related parties 12,771 5,196 10,882 3,310
Consulting fees 22,100 22,100    
Due to related party 279,776 258,736 265,630 262,272
Reimbursable expenses 14,505 1,040 2,248 CAD 13,962
Own consulting fees CAD 100,300 CAD 11,900 CAD 78,200
XML 49 R38.htm IDEA: XBRL DOCUMENT v3.3.1.900
Advances from Shareholders (Details Narrative) - CAD
3 Months Ended 12 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Aug. 31, 2015
Aug. 31, 2014
Advance from stockholders CAD 57,500    
Unsecured bear interest 3.00%      
Unsecured debt CAD 245,000      
Interest expense CAD 1,889 1,886 CAD 3,310 CAD 7,572
Shareholder [Member]        
Advance from stockholders 50,000 95,000 62,500
Advances payable CAD 157,500 112,500 157,500 62,500
Unsecured bear interest 3.00%      
Unsecured debt CAD 12,500      
Repayment of advances 145,000      
Interest expense 1,178 535 4,065 228
Accrued interest payable to shareholders CAD 5,471 CAD 763 CAD 4,293 CAD 228
XML 50 R39.htm IDEA: XBRL DOCUMENT v3.3.1.900
Commitments (Details Narrative) - CAD
3 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Premises lease rental CAD 3,300 CAD 3,300
February 1, 2015 To January 31, 2016 [Member]    
Premises lease rental CAD 13,200  
XML 51 R40.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stockholders' Equity (Details Narrative) - CAD
3 Months Ended 12 Months Ended
Jun. 28, 2013
Nov. 30, 2015
Nov. 30, 2014
Nov. 30, 2013
Aug. 31, 2015
Aug. 31, 2014
Common stock, shares authorized   300,000,000     300,000,000  
Common stock, per share value   CAD 0.001     CAD 0.001  
Common stock, shares issued   12,264,146     12,264,146  
Common stock, shares outstanding   12,264,146     12,264,146  
Subscriptions were received   CAD 40,000 CAD 30,000
Common stock shares exchanged during period   160,000     120,000  
Sale of stock price per share   CAD 0.25     CAD 0.25  
Common stock exercisable price per share   CAD 0.40     CAD 0.40  
Common Stock [Member]            
Subscriptions were received        
Tropic Spa Inc [Member] | Common Stock [Member]            
Common shares acquired 78,030,877 21,969,123        
Subco [Member] | Preferred Stock [Member]            
Business acquisition shares issued or issuable, number 78,030,877 21,969,123        
XML 52 R41.htm IDEA: XBRL DOCUMENT v3.3.1.900
Contingent Liability (Details Narrative) - shares
3 Months Ended
Jun. 28, 2013
Nov. 30, 2015
Tropic Spa Inc [Member] | Common Stock [Member]    
Number of common shares acquire from subsidiary 78,030,877 21,969,123
Subco [Member]    
Preferred stock outstanding   78,000,000
Subco [Member] | Preferred Stock [Member]    
Number of preferred stock for exchange 78,030,877 21,969,123
EXCEL 53 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 54 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 55 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 57 FilingSummary.xml IDEA: XBRL DOCUMENT 3.3.1.900 html 86 167 1 true 14 0 false 4 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://tropicspatan.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Consolidated Balance Sheets (Unaudited) Sheet http://tropicspatan.com/role/BalanceSheets Consolidated Balance Sheets (Unaudited) Statements 2 false false R3.htm 00000003 - Statement - Consolidated Statements of Loss and Comprehensive Loss (Unaudited) Sheet http://tropicspatan.com/role/StatementsOfLossAndComprehensiveLoss Consolidated Statements of Loss and Comprehensive Loss (Unaudited) Statements 3 false false R4.htm 00000004 - Statement - Consolidated Statements of Cash Flows (Unaudited) Sheet http://tropicspatan.com/role/StatementsOfCashFlows Consolidated Statements of Cash Flows (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Consolidated Statements of Stockholders' Equity (Unaudited) Sheet http://tropicspatan.com/role/StatementsOfStockholdersEquity Consolidated Statements of Stockholders' Equity (Unaudited) Statements 5 false false R6.htm 00000006 - Disclosure - Company Overview and Basis of Presentation Sheet http://tropicspatan.com/role/CompanyOverviewAndBasisOfPresentation Company Overview and Basis of Presentation Notes 6 false false R7.htm 00000007 - Disclosure - Reverse Takeover Sheet http://tropicspatan.com/role/ReverseTakeover Reverse Takeover Notes 7 false false R8.htm 00000008 - Disclosure - Summary of Significant Accounting Policies Sheet http://tropicspatan.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 8 false false R9.htm 00000009 - Disclosure - Loss Per Share Sheet http://tropicspatan.com/role/LossPerShare Loss Per Share Notes 9 false false R10.htm 00000010 - Disclosure - Fair Value Measurements Sheet http://tropicspatan.com/role/FairValueMeasurements Fair Value Measurements Notes 10 false false R11.htm 00000011 - Disclosure - Equipment, Net Sheet http://tropicspatan.com/role/EquipmentNet Equipment, Net Notes 11 false false R12.htm 00000012 - Disclosure - Intangible Assets, Net Sheet http://tropicspatan.com/role/IntangibleAssetsNet Intangible Assets, Net Notes 12 false false R13.htm 00000013 - Disclosure - Accounts Payable and Accrued Liabilities Sheet http://tropicspatan.com/role/AccountsPayableAndAccruedLiabilities Accounts Payable and Accrued Liabilities Notes 13 false false R14.htm 00000014 - Disclosure - Related Party Transactions Sheet http://tropicspatan.com/role/RelatedPartyTransactions Related Party Transactions Notes 14 false false R15.htm 00000015 - Disclosure - Advances from Shareholders Sheet http://tropicspatan.com/role/AdvancesFromShareholders Advances from Shareholders Notes 15 false false R16.htm 00000016 - Disclosure - Commitments Sheet http://tropicspatan.com/role/Commitments Commitments Notes 16 false false R17.htm 00000017 - Disclosure - Stockholders' Equity Sheet http://tropicspatan.com/role/StockholdersEquity Stockholders' Equity Notes 17 false false R18.htm 00000018 - Disclosure - Risks and Uncertainties Sheet http://tropicspatan.com/role/RisksAndUncertainties Risks and Uncertainties Notes 18 false false R19.htm 00000019 - Disclosure - Accounting Pronouncements Sheet http://tropicspatan.com/role/AccountingPronouncements Accounting Pronouncements Notes 19 false false R20.htm 00000020 - Disclosure - Contingent Liability Sheet http://tropicspatan.com/role/ContingentLiability Contingent Liability Notes 20 false false R21.htm 00000021 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://tropicspatan.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://tropicspatan.com/role/SummaryOfSignificantAccountingPolicies 21 false false R22.htm 00000022 - Disclosure - Reverse Takeover (Tables) Sheet http://tropicspatan.com/role/ReverseTakeoverTables Reverse Takeover (Tables) Tables http://tropicspatan.com/role/ReverseTakeover 22 false false R23.htm 00000023 - Disclosure - Loss Per Share (Tables) Sheet http://tropicspatan.com/role/LossPerShareTables Loss Per Share (Tables) Tables http://tropicspatan.com/role/LossPerShare 23 false false R24.htm 00000024 - Disclosure - Equipment, Net (Tables) Sheet http://tropicspatan.com/role/EquipmentNetTables Equipment, Net (Tables) Tables http://tropicspatan.com/role/EquipmentNet 24 false false R25.htm 00000025 - Disclosure - Intangible Assets, Net (Tables) Sheet http://tropicspatan.com/role/IntangibleAssetsNetTables Intangible Assets, Net (Tables) Tables http://tropicspatan.com/role/IntangibleAssetsNet 25 false false R26.htm 00000026 - Disclosure - Accounts Payable and Accrued Liabilities (Tables) Sheet http://tropicspatan.com/role/AccountsPayableAndAccruedLiabilitiesTables Accounts Payable and Accrued Liabilities (Tables) Tables http://tropicspatan.com/role/AccountsPayableAndAccruedLiabilities 26 false false R27.htm 00000027 - Disclosure - Company Overview and Basis of Presentation (Details Narrative) Sheet http://tropicspatan.com/role/CompanyOverviewAndBasisOfPresentationDetailsNarrative Company Overview and Basis of Presentation (Details Narrative) Details http://tropicspatan.com/role/CompanyOverviewAndBasisOfPresentation 27 false false R28.htm 00000028 - Disclosure - Reverse Takeover (Details Narrative) Sheet http://tropicspatan.com/role/ReverseTakeoverDetailsNarrative Reverse Takeover (Details Narrative) Details http://tropicspatan.com/role/ReverseTakeoverTables 28 false false R29.htm 00000029 - Disclosure - Reverse Takeover - Schedule of Fair Values of Assets Acquired and Liabilities Assumed (Details) Sheet http://tropicspatan.com/role/ReverseTakeover-ScheduleOfFairValuesOfAssetsAcquiredAndLiabilitiesAssumedDetails Reverse Takeover - Schedule of Fair Values of Assets Acquired and Liabilities Assumed (Details) Details 29 false false R30.htm 00000030 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) Sheet http://tropicspatan.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative Summary of Significant Accounting Policies (Details Narrative) Details http://tropicspatan.com/role/SummaryOfSignificantAccountingPoliciesPolicies 30 false false R31.htm 00000031 - Disclosure - Loss Per Share - Schedule of Computation of Loss Per Share (Details) Sheet http://tropicspatan.com/role/LossPerShare-ScheduleOfComputationOfLossPerShareDetails Loss Per Share - Schedule of Computation of Loss Per Share (Details) Details 31 false false R32.htm 00000032 - Disclosure - Equipment, Net (Details Narrative) Sheet http://tropicspatan.com/role/EquipmentNetDetailsNarrative Equipment, Net (Details Narrative) Details http://tropicspatan.com/role/EquipmentNetTables 32 false false R33.htm 00000033 - Disclosure - Equipment, Net - Schedule of Equipment Cost (Details) Sheet http://tropicspatan.com/role/EquipmentNet-ScheduleOfEquipmentCostDetails Equipment, Net - Schedule of Equipment Cost (Details) Details 33 false false R34.htm 00000034 - Disclosure - Intangible Assets, Net - Schedule of Patent and Patents Pending (Details) Sheet http://tropicspatan.com/role/IntangibleAssetsNet-ScheduleOfPatentAndPatentsPendingDetails Intangible Assets, Net - Schedule of Patent and Patents Pending (Details) Details 34 false false R35.htm 00000035 - Disclosure - Intangible Assets, Net - Schedule of Amortization Expense on Intangible Assets (Details) Sheet http://tropicspatan.com/role/IntangibleAssetsNet-ScheduleOfAmortizationExpenseOnIntangibleAssetsDetails Intangible Assets, Net - Schedule of Amortization Expense on Intangible Assets (Details) Details 35 false false R36.htm 00000036 - Disclosure - Accounts Payable and Accrued Liabilities - Schedule of Accounts Payable and Accrued Liabilities (Details) Sheet http://tropicspatan.com/role/AccountsPayableAndAccruedLiabilities-ScheduleOfAccountsPayableAndAccruedLiabilitiesDetails Accounts Payable and Accrued Liabilities - Schedule of Accounts Payable and Accrued Liabilities (Details) Details 36 false false R37.htm 00000037 - Disclosure - Related Party Transactions (Details Narrative) Sheet http://tropicspatan.com/role/RelatedPartyTransactionsDetailsNarrative Related Party Transactions (Details Narrative) Details http://tropicspatan.com/role/RelatedPartyTransactions 37 false false R38.htm 00000038 - Disclosure - Advances from Shareholders (Details Narrative) Sheet http://tropicspatan.com/role/AdvancesFromShareholdersDetailsNarrative Advances from Shareholders (Details Narrative) Details http://tropicspatan.com/role/AdvancesFromShareholders 38 false false R39.htm 00000039 - Disclosure - Commitments (Details Narrative) Sheet http://tropicspatan.com/role/CommitmentsDetailsNarrative Commitments (Details Narrative) Details http://tropicspatan.com/role/Commitments 39 false false R40.htm 00000040 - Disclosure - Stockholders' Equity (Details Narrative) Sheet http://tropicspatan.com/role/StockholdersEquityDetailsNarrative Stockholders' Equity (Details Narrative) Details http://tropicspatan.com/role/StockholdersEquity 40 false false R41.htm 00000041 - Disclosure - Contingent Liability (Details Narrative) Sheet http://tropicspatan.com/role/ContingentLiabilityDetailsNarrative Contingent Liability (Details Narrative) Details http://tropicspatan.com/role/ContingentLiability 41 false false All Reports Book All Reports trpo-20151130.xml trpo-20151130.xsd trpo-20151130_cal.xml trpo-20151130_def.xml trpo-20151130_lab.xml trpo-20151130_pre.xml true true ZIP 59 0001493152-16-006780-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-16-006780-xbrl.zip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
0@S;X?T;[O@RG.GO=& MG#TR@%315OEL/(XTJL^Q":HCL)(GL0-=50RVG3BU[NLQL>9DY M+<-J6;T3LP;,\G![;1XNUKU3'FZTC$[+-N2IO"?/W=W$O0Z'IWWR/.:_^\P> MW. CP:N[P35N 4 MXIV*ML';F"6$_-/>;:E.W?MIP&Y&UZ'G/_G>U V*5L"9U1Z4)3B;A6WMW'JS M4"IL6,+YR(+.J?O1G3V8&NR"W?S40_/D%??:?F'<= K4^^(. 728)2Y-?7[ZX_XKBJ\!-5,/?(DP<4%Z9 M"=7<"7.:H0>^\N06:,\/'_ZJM%"&A;.G@X)CH.$+1\T7]GL?.TVLTW'$.FTO M8CA[\$@WY'(DY') $7Z6!IJPJ",+BSI-5M*0T9&1T1&PF":4Y21#64Z+ 35$ M=I)$MB_V5%2B3\QPN2_-'&+?&UGN>&6Y?5B8RCSES35[DM?L M2?C:&R([;2([O '\Q.2ZT]"P9DYEXX \2@?D8:W'3>!<8YA9H4TT)'*&K&&! M%Z#9ZS,TH2VN%RE%@[M'-V:/4>"Q^#PV_ALC(?L6>.K+?>R&B3M$8P (!>HO MBE@PAX&#W@W'5PNSQ++@-#1TS#2TD;' V7^<;$,W!Z>;/0=$-HSCB G V7]D M]-UT,(Q.>^L7Y^0HBSO78[U)JFZF<7QQO_OCZ?A(T;/K"B5E/ MZ*%-'$>6+KP5J9Z-._UPY'HJ#OR3)V/EVE&-.R,6QYAR<<8DO-:%NP/:+<-R M0[YK&J0:+MQPX5.QB2VSJS9&/\Z"ERV"I387V)IUX:PG2.:W3^:W=]'V[-&XCC6W=]C7GNS^T>W^_M)W%[A]3K5G3^- M&L7[+ -Z8AF.>XX=*XDK/S&$'7GL]1+S:N/L.29GS_&966?NJH9/Y^,)>*NB&326J1NRJ4'RH(9=#D\OQ^;H6F D:$CE[&;O9ZX.'3.TW5J L M?*HI)77:->CV(7FN2OEH:.AH:.CXLCZ6A&XV=',D9>SV63RY(8 C)(#:@[>G MH<]W/R$W_MSFCIF;3&/VBU@//20'E+\5I\$1%\QQ=?EAX01^$CF6V7T'SVPS M_BV+:;_FYB$9LX2]XLM?IV,6NVE44KUC#0!G@2P;59GT PNCL1^NFG8UXF?G M+1M8_E[ 0@6, CJ'0*SNPSQ"BP!.X,_J^X:!U!^BX10/Q_W+A&F"-K^QT3(S MVJM?3*/UWS^]G7U='?82OO3PAT^!^U!YW)$;)(P/7!B@#.!;.EP?^>5;>095 M95PX6METG_QDZ ;_P]SX$WR3K#-AISC5S$B+)^,PK3?=?YMEDRDCJ=-])/[W MC3WX20HL./WJCJMC\O[;S>WUE7;]]?[CMZ^7]]K"PY V=CJW%?3 M."X@8]V=;$D>O&RT^=5^\@,67\%/#U'\4GFRN[$;P'O:-S:)XM0/'S1T3;KA MB[K8PM!RYMRS&0W_Y-=7PIV;A@'/[]*XRE[I;VM!R]K@5# 4<^QS2X6 ]P5EC8+I%@&CVC M;>R.W'8 LVUU^IU>OWZ8G0ILP[&=GM5K[VSRXSJ?LT =X>'8KD'V4D)SC'[' M:.]@K]L5",WN&':GO0,J7UV][@"$MEY=M(,0VG;=.Y<36J]K='H[E$66)Q7L M]%X]P-35:@7L9.IJB>I+SSW:KG9!O5P!6#JUX_3M?G=GDQ\;RZF2<+-45M_I M5ATW+]PFM'F]G6@\BR&YXG__T?GR\0_;:%U.XA8"\\?2,.75YW1S@%97):R3J+H]LV/W MZ]K/99UB=X^R9;/OB9I6NX?KW+R>U;$[G;HV;TE<1*T4UW4Z5FU E_4"/S#. M]D?PF]=/WB.WJD?(W.;([0F"]:LX[A("I])MWG- J*CK,*Q7'*3NQ:]?9V ? M$!SF.-:7T7A887"?LDM9TD9]%]F\K/XU2MD'/QD&$;IP[P&:7P-XIK*_ZG\% MZ?N)EJ0O ?OYU=B-'_SPG69,TE?_ZR%]CS^^G=!??S-M\2_UA1',\DXSX?FW M813#HK1[?\P2[2M[UKY%8S?4^1>Z=L=B?_1>RV9XKR%X+3?P'^#COX"J_-%+ M-ND _S"M"TU=\/]RQY/W?S.=SGN-KYW &QP"4/&E'V+4"SQTT?9##CR'L6,< M!G?WCTSZ&S4_T=QI^AC%_G^8IZ41?)%,F68;AF[P_Q-,/%)!BT9 ,LA< 3RD M'S?57&WBQMJ3&\!;\/-KX\(PS(L&U1S5EZGV-7KB44NVH6MXJ#0W]+3+Z0,\ MIMFF3H#@][J6*AOSZ'J::>E6Q]&!F+4%&T"[Y=&(T33%L"$/^&N#?H'^FU#[ MKVG(-*M'J+=U;3*-DZD;IDCJB.Z/WX>/V):2X+E\B!GIX;KV[MUNAOUL.^[OKC4_U)@81QM%,0V,.^.&0SH4ROL3V>M'&8+Z#P% M! .^>\>" (,"E!@U>#"$LQ:%K 4SM."_VL!-_.1"NX03K,%(TR#%P=1%:'C+/@Y],!' M) K<00#+#P'!"&7VW()99_D)/A9-4'P1+Q$@' D:P/,O-J3-&[(X=0'QL/(T M]GFP'T?&ZB.G\>,6(GP"LKE]P?,W8"S?6>^"T\AP&,5XR((7?F##*4T%X^0[ M6F6MRGDMAQE1^N\IG -!JME$!8ZLC.*/QPPV*V7!"ZS'1T+D;\(UGTS'8U?! M:@F--%Q#,FT\48 S+D5+A*'PA%A6J++LG*D\',2W2(-O&=(5G0@7CLL$8W[R M5X@V7>T?$<4!X8=LV/L8"39_$H!1("$0/-CN"PUO]/F!68C27@+OR',U@,42 M%2A\)V9C/$=L-(*3Y3\QD$-3/P#8@R5G Q[#PT$@Y >$X*BRD$D<8<1B0D_! M 0:6X2>/^!E_&C(/X-:>'P%O@Q<"X8D/&OL/CRD>\128$9=7.$@$2%4F V.S M[RP>^@FQ*C%%3+%EM%62Y?ZXB!F_680:SB,0#;1DQFBL1 NPOJR68FJ4QLE@ M O(]?"6P18/C+\^//K#9F>7"3]F2Y?TR8"%H5QG++X-R$3#T?-G\210@[Y!3 M3!-&&U1IJJ/A'5(QP#_\$F[B9ZK 092"!4!RFP779+1K(3LDVC% ?*QLFML2 MB"331^ L&B P?81+$P#ULON48"G( ?C""P.EA3\X)Q:H'%S(UV&4G>\&^9LB M7]=>.Z11:C^B"41K::]#/WB#TC-GS DWFDWX!?4,K!B8\I#!G>3-R.TXH9\E MF**P\X2QOI/ '=(%D]!5!.RK,"1!@WP.&9P+(Z4NW7& 1 (+#3"SXIM0<4'" ME.JMU=8F((;APT(HIKAZE+'@_J#W*\B]!$OQ6D(=#EY\=N-8+!06#1PB<(EM?V<5*T MU5!TD:*713(LL(Z6FE6OZ4+@%,+3(+C!GW__*8J!S)Y\O+IWZ_@7B5T\3SB* MTI9AM S5:GS]]=.K7VRKW;?M[FPP4>5%5$3!/]#ZMQP#^P["V!S2'05I%(.I M.M9R)[4X<':W1_OR!.\"PKT1AD*2ZO&N%@HM^I-W#DQ.)[].T]]#?R%LP&0[RYO@K(3:[O6,KM-> G0I-+M?PV]Q M-)VLL1"K8]A.VS(.MA*CBY1B]K?9#;-G&5;;L.M>1.E+=ZKL]HT$01)SMB2T MDOR8KF&W>XO7M YTAUKI0G(L"9DVVVU'#0XXXO6N1;1E"2GMKME=PCVV6>HG M'R9FGU$]N87+'F0;V(29"(9\UU9>9E:GUS8-)>1GP?A;@+&Z*=DR #NV8UG= M?F4 J7!$GCQ_,_K&/,;&-[D/YE;:@SGKN EOXRAV4_=7]-4M""7KM*R.%!#@ M[UZEQ2@I_+,LS;C S-4M89V3A-#X/ UHG&'T$&*XP+6LYN%=)@D#05CX2R]# M[[/O#OP Q'F6P&_3,?/ND>#.(?($[>DCUQ0YL[0H@&,2^KOV= M!4\L]8X0D(/!XOB=]K?KJX^?OST*1\("9P&\^1@ I1N M_X<%R O\D+4>&?IE &*S_4-&A[C@DL4OW2QZ^%VX,Q5&(XC%$? M5"[7AMX6(/!'V]*=7J\>_&P#R)N%()P;3_P=1C(.HJMN'-P)M= M)'>*?F'I8^1=AT_P*#H';YY#%B>/_B0?<:?KZBF^L\H0+3$_PK+=\,&'W154 M,,9R??^A$-J/WR.$LC+T_),K9,?$#06L^"I0^B MH!9!\00&!4S"QH4_O[)>51=OJX!0I+TAI0)L?TUF- KL"-3C&?JL?H-OB<3] MB;4[$#7^1P3VP>%\MW<)]02.Q!J#EHBI^P9^7T8$P9![:/@MT[5V0*A8\'D_ MUNFC&&R?&IB$II2$=[.9W;[>,_:TGX]0PSO MBTWOCQYK,IHT]'C*]'A4'++?4&1#DKR/=X2&'H^40]YC40%WE++X M!.GRK^37Q=)'IF[M5,+:%[?=!1UCJN>YD'#CG%T,N:,;MJW;5DT1#E7/07W> MU6W<:8NCT)>,>C8>.8HT)P<9I:/CLA)9.D?SPQ'.DSGE8O;@4ETJ\K[Q[ 6* MEYOP1 9MHEJ[C\+5=E81YU5CS[@3Z#"V>=4!M99?S#1.RS$VY\6F1>[*1[8F MDC>0.LZ:N$[,Z2IRT=PX?J$Z9[OWP6Z'YV9#5WG1\^H&Q5B79D]/=D\Q&'6? M1_0H3"A"K&FW=^->_1TE;D^C.BB)D##71.5?P)EL[8[@!3MT4SQ=Y-FW\IV[JE M=SN[-"@VFU2#+,MA;IOKRJO-1IW9:=J?!G&TI--XB);J 9VV;CCVN?")9K/K M5Q&:S3[!S3X2WV_0. <;Y^#Y. =G"KG3$H_$S+^!I'?6I'5B7H?&-7AF&]JX M!L]O3QO78.,:/'>W0^,:/+<=A=VT>[K3WI,CZ2@&.^\==733L/6>M:I<0V>R$;M_#3M3X,X6M)I' C+78.&;EGFN?") M9K/K5Q&:S3[!S0;MP<+.%;L\V267RRZ*[E9.Y5S2F>O6C6]B,C_QYHBW+.8M M[2LU.[RZ_"!?*.NFA.V4UIBS-C!GVR#N%LS/S$W89>A]PZJX@4C'K9H]N[1E MF6TH/0)+IZD3%EE%^!,;Q%,W?KF/_LN=AO!'E;ZLMK4[6!T%5F+N*0K27 MQ^2D^.8G?Y:T-3[AA&B<@,STIGVAX?(2RG#^'18=IZX?9KU !H< \5C;F=^7 MMNO61M-T2OW(DVF0\N[=V.A[PCCU))H?/D7!$]-<+9Q2,BW\'&=(GZI(O] ^ MN<,TBA,M?72Q<_@T\#1W-&+#5,,.Y&(N,7CX(&>ED8;N% X,O#]U P)#_IA& MVA.<6UAC"HMU@^!%&P&]BC+2&93#8.HQ71M,4VJN%D;8AV#L\SK3[[3A-(XQ M%YX!W4=C?XCTSQM- Q;S5;Q@U_;TD;<0GT1H<8(I$;]_RK+6N)*_1V.F??$3 MN*/=,,2E4(]U'>&(X8CB-T- -DMI"IU6Z#$T7;%PR&MFIU@)&X; 9V%+W0=J M*TU/_LE>L*%Y$H4A"TK;EU!F2+@X M+_[@7&CYHK7;&+8>MQKQW'"(.;Q=A]I_34.&X3".3O4C0"9SPR$>@!R-!,L= M-H]T8R_1?HW@/]J/DJ5TWW^ZO/M5?NJ]?Z.)OKW*/N0O_S[QX%"K;U_>_:Z^ M_#6ZT/@]:>AH=!X^:NX8#Y&W&**KR/-'_I!.1G'H*W7H>^PNH/6QM+W2QURC M1N;:QS#U.4=#MDE3TJ\,64I([DW!,;11AJ.833 V0 4,VJ10+2FP;DD2PLN MWU-F2V@V)F;3!1LCEW2H3 LL$+<#V*!/X6Z^Z,.0O:D]3'W/1H( MCAZB#M@%6;P(*;.+ B"C)Y;0%!X;H1R.J,..EHN %2P8WX#9B%AB-GCA0\GJ M(QEF!#X$=C2/F![Q&VW TF?&PB5((888X03Y5S3Y[Q=W%]IOEY>W%[0\0#?\ M'KQPRBW;,@(#?RQL#;+T);,#ZG\TWV@30#?^"G S:G372J,6$:]2@47<'3A$ M*D8'),(K<%OH<,$ECP3""'L=T+*H&_5C%'BX.&I4H6L_6F^TP!VPH(A#=5 7 M]RK"U@O+M@B&LM\@LO%>8/1@UJ9/WO-\RV??ATO8?^++AQ7Q8X=/BJWWX>(* M'^!!C]]K/SK*-!SH&&@3&SXL>C^,M"""*R@F0!:O 4D5'L]W$^+)B1 %('((;@#8A S\#!"'%_'#7*%<,/)40ZH+EW2%((;<40(+,H#I)(6 M//SD1],D>)'DB\(7$D[&R,2Y1IC%^9V!VPU@W>*<9^)"X32H="%@YB*5CY8- MEI!8]>BB.(BK@0= M(M"]?F"<)E1[R1*!%>),ZFO*&?*CB%"4..0Q#3/!+8I MSMFKV+>+YM[.[FT1S*K:;G\B6,4=#'-'40HE7.N0U=K@4HNJ8_2 M"[):F !V>,KX"2I,FM_=,_*"7)-RN5]HRO=XZ/#$D]0 <] 5QQ216X%%*AX3 MH$@_!XMADV=D]L^/C&XBXA8X<#(=8"-M4A+0])=FBP5*?W!#&2FH+-?-QQT6 MEOL0<;6!+Y<88T@0RV)?,>,QB*,H2N$@JJ=X5E))^%T$$"(F4"$JLLW9P[28 M=Q(@@G]V0 CSTT<-F&WPDG,:& (4+8"LR#VQU3D_S/APDK DYVR<)U^!^G$P""KP$XI9?^T) M0^KDTP^CA"Y\CZ5(8"% B+FF%IY)4(D3$&3!7$I0;1SN:.%Q^_'S]>?;MX0 M97"!#WA1D$,@!M%^_';]Y8VN)1,V!&1)R9V,%S"L$%>21[)CB-4H@[B<@$&: MXU81@A>G#!D*U; 3_R%IG3K$PWM)RER/9+:R%V'9W,K MV*MT[R6$-0I%8(T M50 B"#8_QD4!7#W(VA:'.#=^K&7(6%P\\J,;(YH2:0K_U4W\(0SUP0^FZ6P[ MOQ.VAY04D-1DD[:42^9HJYJFKJH:!)C$ ,3!E92F7N3^4\+VDZ.S0:A_Y[1" M_3\)S>+^,69,^P)C/";:1[S99FR JO]T$&MO"SM90\J!4HYRRO@@M@@OD2XVP?$Q1"U5#_4YL?8E9X": MF@Y1U9:076=_+2'E,5KSQ/P%LG>,O67O_&CV'=WJK!O;O5NTO6DHXI 4T7-T M8^U"8(>BB/T)&3M8UC]I-.:U7( 4G88D3"1:-$W1*'^8KLYG<&D>[P@'1\V^ MY(FB#&'M2H;@ <+P:C3\<^\GY2^5 H:-S!S==-;M^GP,IZ[9J./D(FOW4[1W MIHMDH<'B"IXF#%U,N8JONAC655D:"CXZ"FXVZD0VZC "B[,K1O.Y8#<\#C[2 M)"@N48>-"Z.FS/=]FD0:2FDHI8*I9!=YL&M%I2P.;A$Q,LFM^X)OP #P33QE MWF>?!R#Z['Q:I,K%:A.^6HHFPN(D-V&YO@@,4D#X*6X)@#QUK-TZ*^]CUF.3@ MC5=S#IK.WGQ8MMW7.YWV<6]!LY^5(;2Z?;W7;YK/K<+3/UCH8@K,J:Z%'PEL8>M40(:GU(8Q:L]W+^0MGW3++NXS9*G;<= MR6RW=7MM?;"Q"S;[>=IVP7^R00*S'H?.?J:F)JNG][IGHVTWF]38 XLJI]0X M3Y#"]^40<'3S)#E @^$SN./5'K\>F\1LZ+M9C]_FTM]5LJQMZXYIUX/D;2 Y MD@#A\]UG0^\Z-76IVJ6Q6AXQYH-:[>6RM\M:7]E&3^] MK3)M9;_G[PD;38//_J@RI+_Y\(;GB M)6@!@U^C4#;S6=PO3;;_NLL[+%1I_.6T#;7;UIKPE!#5"*OE1J$;?&+8,V1= M6I\'T3(ZAE4@K\(4FX"P;DLIHD %"&H" MVMD":-LVC4/ O)5OUYF!;T9:XP?XD0L_R0M[LE5\#F\V\CT\\H MB=V2S=HL"9Q@P,,%+[1\C5JV2()J< CX%M=0D3#/V,840\LG0!Q$]EVK=@Y=.R^: .6]_Z$8=PA_:U- M)_C),O5^IZ^;EHVE%JFJJZB&/-+N[ZYU>)NW[<(NK?"%_!E # *U9#*'PP\U M)D'$%F/*\).8C5B,0.0S@+XTC+#!EPO_8BUXHP7_U09NXB<7\.OP-806H-G(@YN;) MNYE/H-K;R3,\;+,3$7(.DR6^4&2MH);B .9:T M0+GM]@QCUEBU%( "L[KTGE";):N&P@^3DC[R9\&[C M-+IFWCU87W7"P"KA4 M$:85>P1K+D>M1Y"\#OU LCGY@#>-9=/ E-IP 8/"-ER\P>1<%I/V(][:6DM[ MW3:P3@!OY?BZW\8/ZF#49%ITJ:3$&X) )M_DPW0HD_V-0@0R01L 3=25I5'J M!C#<:[/=Q7)-Y%H^!5TL)!Q@REZU@JU^;.HCSVC->3B*7G7-G%?8% M6TQPK-YFNRU0B-T3VDNWN 2?(*/AW@K8,G2)/280%NYS6W>ZYHI=[G;L##S0 MG+5E>TNPS%TD:_#;HOL<=F&8,N\;>V+AE/T68P'4AT-^N61VCB\NW*/3<25CH[AL%D)5W;><7(ZQ^3!OC2PDZ:^PGOMG MS$05#?I6WY:_X_@>-:E.N+>[BC3?[?>,3A4W=14HMULS.N?OGZ-=+=7NVD:W MO>E2!7 UK)"8P?&N$<';?I6?HFE\O(M$Z&I8(_8;/MXUPK/;K?$2^R7O>J&6 MU3$ML[?I2@LPSI5_1;G_.L&^WA_H KVEYLY<$[A$=3'QJ0!_?3>(XC-;0W&Q MC5ZWJU2PJ IWK0M>8NNL=\&6":HS:,XU+/C7:>*'+%&?P8BR]$6*;0D?]2;& M_Z+P4W1Q\E_7W'Y%+54])(JNN?G6U[.@_:%IF8&\-C3-$TR]:"(9[@,;^4,_ M51)?."E^ )DNB"A&\6XN0I,S0J.+*S?[<\<%!,'I)#LS2_D@T%JO;1J.D"BK M0E/7$BH9RUM.KVMT>N;A8%SM4&BUC8[3=^P-8?28_PXKK\(C=R_C0114MO;@ M=#^]G7M_]BCRFVS3'7!LR[0L)S\(?+AU)EF-0L>RV[:Q0]HR%UTW6"3##K^UXY67T 5L"18=NVNA&; ,B?O%KITUX1I-LQS/[L M9EV5NWPKS%C!9]9?O?(-YK\.G^#; M*'[!_K2;;C'H D;!KYV/N?Y\%3;8ZCKM3K7YOK$A\Y^H1C7\NNW^TN6R=.@M MYE^]\+YC]-:<7RDEM^7BNV:WK?I\YT?>=.[5"^_VVGVCN\[4 D'#;C9ME2MGK6F% MH;V6%**V&A@J!UYGP@HQ3ZOR.^YDZ[ M! XYR490K!WKMP@;BZ"XBI+T9G3'XB>X7Y,/?LR&Z1?0X6,?AJP#+XYM]U6F MLV2ZK6%;%UM6Q^K4 YN2\5M+RF6G:RT$3)EK.ZC619=M.\8Z4,EPIF0:( EB MSN%M''G385UHZEJ9>WC1-!O#LBYR,#:J(BR94N]AL O:QSY%L>IXJ0,W?=OJ MJ":+17-M!=2Z2-H4*,[+[]WO@HW]RD(V\G>5E;K&;#76/D8>6A8XDFNZ^_L.\$W5O+*CW'Z#A'@;K?@*9C-\!Z_=[8#_TDQ1F?6(V)*KU.OZ?<%RMFK ' MM5EVI]O>',#[V'UB^/1'W(K4]4-$=(WXLPTU#6#I=%O#MK8H8/3::\)&5R.W MX\"37_R$$EM#%DV3.N5PIY/=P\LGVQ*NM5/I;:>[%EP2N5_<^$^FB/"U(,GJ M*(0_.\,F$*PM>EM6MSH$(!XP_R'D]K[A"]!;F+@D4_T&Q(:LCS-*8)$UW7$J M=&O,7C/@:]\P??5ZV0+NF:0CM0A!/:RMTU6OP863;0G7VE3I6"7)P!7@4M6? MKU$XV5;-624TKC7?VD8$QU%,6@NG6J):?7%#]X%2C.IAZ93OO'2>C8%9%SE. MQT;/225@) I7-%C?"$=RK+E(GA9VM<^W;\7<-8"Z$H,[ G5980TE!VEK9-=2 MZ6,Q0+M;UAX*F%1?5N;@_B>H+^Q#]%R+E<,N9O#.3K$9$&O?&MW^.D#LUEBX MS#Q8MT'0Z?867!1S5B7%N',SF@WDV86]:^F$VX.WK>5K+? P-,)-'F_CZ,GW MF/?KR^\)1FYGQOU+N(^?R-M;B_1K6XZJ'E2?O5:X,>+3:IG=ZG!;=@\VHW]P MR-<7V]N]KFG7 ?=U.(R9F[ /C/_W.IPI6E*3TW-6@%\]:UV0;BO2UP%IE::7 M=6"YT[:Z[67 5P%D=\M9>ROZIK64:NI9CKR!ZV*'5J^W@H*R^;8&;GV3LF4N MI9 EP"W@,MQH7/^MXO0L:R6+*YF\7K#71K#35X]@[6!_\D,W'-:.;:<8YU1] M\GK!WK+>Z.9@XVO /O _Z!!Y<@-T@ES"<''\ F\N#*2J4@'+!#%#L--_."&0C]%*R>V M[J$/:.6!)IO#R$-O GU5UGXNLT,S-$\9 MP:!8K8/PHT4C D?%TC$6_#E8[_F9>D/PAX]_?'73:(>%/ MO=%^=(&%9"F; "M/$24BAU^Q,(Y8H]-]+XA??M%[_X9J]?CA,(HG44Q-[:: MHY@*Z@3N;$._ G+YD4 M>KKFCV"".';#5)1 &L'=@LQ1EQC!RD!SLT]XHQ5@;5@(*).#E4)"*GP!U(4E)=^NBF 'DX'<&X4ZP!B/N7L"!(M+]'8T[P7X"I:?=NB%XN MNKP3_I[' A_AMK3<($C/QG"GLN26@0$5<.3!]XVL2!:5ML*/PPC M.":@\?']P)%G1A$5)IOSD)\'D(AY*;%.Z9'@.\+K;,*NA$@A@.FR6X-3O5LD M.5>#&^0!AE>/R/QK>"2>@>Z"EU;T'&)!S.D@\3W?A:M_WL:<2E=%!G4;NZO_OM718!)>*$*C/IH M-B#?@(PZ32&UZ72T&/E4J"IB1+!0K("F)E?F18B36=$R_Z4@72+?^7+U10(DJ&RG NN'\Y4:*9ZF))! MY&C@5%TZ)/%7<1$#(8,H"T ^P)L/L"A=,WNZ96!YSO(*S03$$QJO/*PO^=K6 M.^TN-NQ&WD;5CQ/8=?B1GB$AG&2$*,E +H5*Q]N#EH'"#4$"GQ11VB692$-Y MB&"0,E'RDL"!)C2+LLM2!J)C2A5%\W)$_%[B)=$T7A--XT71M$RE5,AJ0HQZ MFM!0=Y/8?=$NE0EP,$D@ 4KA$BB1P)/O7JZ&SFX[GUW=9[HD%%K/Y'\7!#C_ M 6Y4G *305-4P!11,_N5@/KX5!P8.Y8/'VE+/ 87(:_//68NYU_1D)>@'G+M M)WR15#6"NSEZSN9,WATC-UO)UZBSJ(:QT\G$14\ VKSHL^AT3)_% IY]+WW$ M%1@_O-=$2]8AH,&=).R=)O]ZK^%"6R-W[ 5,OI=T?140)?Y_ $S3DF:O-=KDKC.^J9C5-FXS MRX'K=[K]]VOVFBVEE!4@&RM!?HLO58#[*TR4O@"K>@&FA^4.Z1K#>L4#QD* M(R'+ (K$D^D 6$:F]U']^023Z#,M:?'2UVKXO8)V=D N.QARJVVMVFCXA'#8 MG+*Y4\9 L(,_9<\[$!QB#60/^=G3!B^S=A9N_2#;1MGY@Q&:(]@

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