| Operating segments, net of eliminations |
As
of February 28, 2017, and February 29, 2016, the Company had two reportable diverse geographical concentrations, the United States
and Canada. Information related to these operating segments, net of eliminations, consists of the following for the periods below:
| |
|
Year
ended February 28, 2017 |
|
|
|
|
| |
|
United
States |
|
|
Canada |
|
|
Total
|
|
| |
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Cost
of revenue |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| General
and administrative |
|
|
6,309,842 |
|
|
|
670,439 |
|
|
|
6,980,281 |
|
| Research
and development |
|
|
584,461 |
|
|
|
869,979 |
|
|
|
1,454,440 |
|
| Depreciation
and amortization |
|
|
97,304 |
|
|
|
300,141 |
|
|
|
397,445 |
|
| Foreign
exchange loss (gain) |
|
|
- |
|
|
|
(18,165 |
) |
|
|
(18,165 |
) |
| Loss
from operations |
|
$ |
6,991,607 |
|
|
$ |
1,822,394 |
|
|
$ |
8,814,001 |
|
| |
|
As
at February 28, 2017 |
|
|
|
|
| |
|
United
States |
|
|
Canada |
|
|
Total
|
|
| |
|
|
|
|
|
|
|
|
|
| Current
assets |
|
$ |
687,899 |
|
|
|
487,885 |
|
|
$ |
1,175,784 |
|
| Property
and equipment, net |
|
|
157,394 |
|
|
|
1,409,575 |
|
|
|
1,566,969 |
|
| Intangible
assets, net |
|
|
308,000 |
|
|
|
- |
|
|
|
308,000 |
|
| Total
assets |
|
$ |
1,153,293 |
|
|
|
1,897,460 |
|
|
$ |
3,050,753 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Current
liabilities |
|
$ |
428,714 |
|
|
|
484,517 |
|
|
$ |
913,231 |
|
| Equity |
|
|
2,994,003 |
|
|
|
(856,481 |
) |
|
|
2,137,522 |
|
| Total
liabilities and equity |
|
$ |
3,422,717 |
|
|
|
(371,964 |
) |
|
$ |
3,050,753 |
|
| |
|
Year
ended February 29, 2016 |
|
|
|
|
| |
|
United
States |
|
|
Canada |
|
|
Total
|
|
| |
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Cost
of revenue |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| General
and administrative |
|
|
1,357,728 |
|
|
|
390,316 |
|
|
|
1,748,044 |
|
| Research
and development |
|
|
274,132 |
|
|
|
527,534 |
|
|
|
801,666 |
|
| Depreciation
and amortization |
|
|
71,683 |
|
|
|
140,162 |
|
|
|
211,845 |
|
| Cost
of reverse merger |
|
|
60,571 |
|
|
|
- |
|
|
|
60,571 |
|
| Foreign
exchange loss (gain) |
|
|
- |
|
|
|
14,240 |
|
|
|
14,240 |
|
| Loss
from operations |
|
$ |
1,764,114 |
|
|
$ |
1,072,252 |
|
|
$ |
2,836,366 |
|
| |
|
As
at February 29, 2016 |
|
|
|
|
| |
|
United
States |
|
|
Canada |
|
|
Total
|
|
| |
|
|
|
|
|
|
|
|
|
| Current
assets |
|
$ |
455,393 |
|
|
$ |
256,363 |
|
|
$ |
711,756 |
|
| Property
and equipment, net |
|
|
158,413 |
|
|
|
1,240,941 |
|
|
|
1,399,354 |
|
| Intangible
assets, net |
|
|
371,579 |
|
|
|
- |
|
|
|
371,579 |
|
| Total
assets |
|
$ |
985,385 |
|
|
$ |
1,497,304 |
|
|
$ |
2,482,689 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Current
liabilities |
|
$ |
182,673 |
|
|
$ |
882,538 |
|
|
$ |
1,065,211 |
|
| Equity |
|
|
2,702,980 |
|
|
|
(1,285,502 |
) |
|
|
1,417,478 |
|
| Total
liabilities and equity |
|
$ |
2,885,653 |
|
|
$ |
(402,964 |
) |
|
$ |
2,482,689 |
|
|