Consolidated Statement of Cash Flows - USD ($)
|
4 Months Ended |
12 Months Ended |
Feb. 28, 2015 |
Feb. 29, 2016 |
| Cash Flows from Operating Activities |
|
|
| Net loss |
$ (287,436)
|
$ (2,836,366)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation expense |
1,485
|
148,266
|
| Amortization expense |
9,892
|
63,579
|
| Amortization of the fair value of common shares issued for services |
178,000
|
534,000
|
| Fair value of shares issued for services and settlement |
$ 12,000
|
80,000
|
| Fair value of warrants issued for services |
|
404,506
|
| Cost of reverse merger |
|
60,571
|
| Changes in operating assets and liabilities: |
|
|
| Valued added tax and other receivables |
$ (33,114)
|
(219,927)
|
| Prepayments and other current assets |
(5,951)
|
(29,674)
|
| Accounts payable and accrued liabilities |
6,587
|
350,345
|
| Accrued officer compensation |
30,000
|
180,000
|
| Intellectual property obligation |
212,880
|
(212,880)
|
| Advances from majority stockholder |
68,031
|
369,825
|
| Net Cash Provided by (Used in) Operating Activities |
192,374
|
(1,107,755)
|
| Cash Flows from Investing Activities |
|
|
| Purchase of property and equipment |
(12,718)
|
$ (1,598,723)
|
| Purchases of intellectual property |
(445,050)
|
|
| Net Cash Used in Investing Activities |
(457,768)
|
$ (1,598,723)
|
| Cash Flows from Financing Activities |
|
|
| Proceeds from sale of common shares |
$ 475,190
|
2,237,000
|
| Advances from issuable common shares |
|
614,001
|
| Net Cash Provided by Financing Activities |
$ 475,190
|
2,851,001
|
| Effect of exchange rate changes |
|
68,267
|
| Net Change in Cash |
$ 209,796
|
212,790
|
| Cash - beginning of period |
|
209,796
|
| Cash - end of period |
$ 209,796
|
$ 422,586
|
| Supplemental disclosure of cash flow information: |
|
|
| Income tax paid |
|
|
| Non-cash investing and financing activities: |
|
|
| Fair value of common stock issued for services that was recorded as prepaid expense |
$ 534,000
|
|
| Net Liabilities assumed upon reverse merger |
|
$ 59,919
|