μη particle - nominative
me  may: any but (that), forbear, God forbid, lack, lest, neither, never, no (wise in), none, nor, (can-)not, nothing, that not, un(-taken), without.
ουκ particle - nominative
ou  oo: no or not -- + long, nay, neither, never, no (man), none, (can-)not, + nothing, + special, un(-worthy), when, + without, + yet but.
εχομεν verb - present active indicative - first person
echo  ekh'-o:  (used in certain tenses only) a primary verb; to hold
εξουσιαν noun - accusative singular feminine
exousia  ex-oo-see'-ah: privilege, i.e. (subjectively) force, capacity, competency, freedom, or (objectively) mastery, delegated influence -- authority, jurisdiction, liberty, power, right, strength.
φαγειν verb - second aorist active middle or passive deponent
phago  fag'-o: to eat -- eat, meat.
και conjunction
kai  kahee: and, also, even, so then, too, etc.; often used in connection (or composition) with other particles or small words
πιειν verb - second aorist active middle or passive deponent
pino  pee'-no:  to imbibe -- drink.