Income Taxes (Tables)
|
12 Months Ended |
Feb. 28, 2019 |
| Income Tax Disclosure [Abstract] |
|
| Components of loss before taxes |
| | |
Years ended February 28, |
| | |
2019 | |
2018 | |
2017 |
| U.S. operations | |
$ | (8,948,305 | ) | |
$ | (8,509,651 | ) | |
$ | (2,155,934 | ) |
| Foreign operations | |
| (8,588,106 | ) | |
| (5,527,727 | ) | |
| (1,958,067 | ) |
| Loss before taxes | |
$ | (17,536,411 | ) | |
$ | (14,037,378 | ) | |
$ | (4,114,001 | ) |
|
| Income tax rate reconciliation |
| | |
Years ended February 28, |
| | |
2019 | |
2018 | |
2017 |
| Statutory Federal rate (21.0% in 2019; 32.7% in 2018; 35.0% in 2017) | |
| | | |
| | | |
| | |
| Federal income tax at statutory rate | |
$ | (3,682,646 | ) | |
$ | (4,585,497 | ) | |
$ | (1,439,900 | ) |
| Effect of foreign jurisdiction | |
| (308,046 | ) | |
| 320,769 | | |
| 40,018 | |
| Non-deductible expenses | |
| 888,749 | | |
| 2,169,384 | | |
| (48,326 | ) |
| Tax credits related to research and development expenditures | |
| (387,326 | ) | |
| (146,757 | ) | |
| — | |
| Impact of Tax Cuts and Jobs Act Enactment | |
| — | | |
| 876,812 | | |
| — | |
| Unrecognized tax benefit of net operating losses and other available deductions | |
| 3,489,269 | | |
| 1,365,289 | | |
| 1,448,208 | |
| Effective income tax expense | |
$ | — | | |
$ | — | | |
$ | — | |
| Current | |
$ | — | | |
$ | — | | |
$ | — | |
| Deferred | |
$ | — | | |
$ | — | | |
$ | — | |
|
| Loss carryforwards |
| | |
U.S. | |
Canada |
| | |
Federal | |
Federal | |
Québec |
| | 2035 | | |
$ | 56,699 | | |
$ | — | | |
$ | — | |
| | 2036 | | |
| 521,398 | | |
| — | | |
| — | |
| | 2037 | | |
| 4,419,150 | | |
| 278,623 | | |
| 278,623 | |
| | 2038 | | |
| 1,560,483 | | |
| 3,096,139 | | |
| 3,096,139 | |
| | 2039 | | |
| — | | |
| 4,268,317 | | |
| 4,281,955 | |
| | Indefinite | | |
| 8,038,528 | | |
| — | | |
| — | |
| | | | |
$ | 14,596,258 | | |
$ | 7,643,079 | | |
$ | 7,656,717 | |
|
| Deferred income tax assets and liabilities |
| | |
As at February 28, |
| | |
2019 | |
2018 |
| Deferred tax assets | |
| | | |
| | |
| Canada net operating loss carry forward | |
$ | 2,026,984 | | |
$ | 1,127,381 | |
| U.S. net operating loss carry forward | |
| 3,165,937 | | |
| 1,377,008 | |
| Accrual and reserves | |
| 118,309 | | |
| — | |
| Property, plant and equipment | |
| — | | |
| 136,200 | |
| Research and development expenditures and credits | |
| 1,058,010 | | |
| 472,608 | |
| Unrealized foreign exchange | |
| — | | |
| 9,462 | |
| Other | |
| 38,418 | | |
| — | |
| Deferred tax assets | |
| 6,407,658 | | |
| 3,122,659 | |
| Deferred tax liabilities | |
| | | |
| | |
| Property, plant and equipment | |
| (41,636 | ) | |
| (2,367 | ) |
| Intangibles | |
| (34,785 | ) | |
| (1,489 | ) |
| Accrual and reserves | |
| — | | |
| (49,236 | ) |
| Investment tax credits | |
| — | | |
| — | |
| Unrealized foreign exchange | |
| — | | |
| (8,697 | ) |
| Deferred tax liabilities | |
| (76,421 | ) | |
| (61,789 | ) |
| | |
| | | |
| | |
| Deferred tax assets, net | |
| 6,331,239 | | |
| 3,060,870 | |
| Valuation allowance | |
| (6,331,239 | ) | |
| (3,060,870 | ) |
| Deferred tax assets, net | |
$ | — | | |
$ | — | |
|