Bionik Laboratories Corp. - POS AM filing on 2018-09-21

EQUIPMENT

3 Months Ended

12 Months Ended

Jun. 30, 2018

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

EQUIPMENT

Equipment consisted of the following as at June 30, 2018 and March 31, 2018:

	June 30, 2018						March 31, 2018
			Accumulated						Accumulated
	Cost		Depreciation		Net		Cost		Depreciation		Net
	$		$		$		$		$		$
Computers and electronics		264,349		227,977		36,372		256,505		223,750		32,755
Furniture and fixtures		36,795		28,481		8,314		36,795		28,051		8,744
Demonstration equipment		200,186		116,798		83,388		200,186		105,441		94,745
Manufacturing equipment		88,742		85,819		2,923		88,742		85,668		3,074
Tools and parts		11,422		6,020		5,402		11,422		5,741		5,681
Assets under capital lease		23,019		9,208		13,811		23,019		8,057		14,962
		624,513		474,303		150,210		616,669		456,708		159,961

Equipment is recorded at cost less accumulated depreciation. Depreciation expense during the period ended June 30, 2018 was $17,595 (June 30, 2017

–

$24,552).

EQUIPMENT

Equipment consisted of the following as at March 31, 2018 and March 31, 2017:

	March 31, 2018						March 31, 2017
			Accumulated						Accumulated
	Cost		Depreciation		Net		Cost		Depreciation		Net
	$		$		$		$		$		$
Computers and electronics		256,505		223,750		32,755		250,538		204,258		46,280
Furniture and fixtures		36,795		28,051		8,744		36,795		26,096		10,699
Demonstration equipment		200,186		105,441		94,745		184,586		44,420		140,166
Manufacturing equipment		88,742		85,668		3,074		88,742		84,982		3,760
Tools and parts		11,422		5,741		5,681		11,422		4,472		6,950
Assets under capital lease		23,019		8,057		14,962		23,019		3,453		19,566
Balance		616,669		456,708		159,961		595,102		367,681		227,421

Equipment is recorded at cost less accumulated depreciation. Depreciation expense during the year ended March 31, 2018 was $89,026 (March 31, 2017 - $79,868).