| Long-term debt |
| |
|
February 28, 2021 |
|
|
February 29, 2020 |
|
| Investissement Québec financing facility: |
|
|
|
|
|
|
| Principal amount |
|
$ |
1,741,612 |
|
|
$ |
1,645,122 |
|
| Unamortized discount |
|
|
(268,192 |
) |
|
|
(289,852 |
) |
| Accrued interest |
|
|
42,588 |
|
|
|
958 |
|
| Total Investissement Québec financing facility |
|
|
1,516,008 |
|
|
|
1,356,228 |
|
| Term loan |
|
|
|
|
|
|
|
|
| Principal amount |
|
|
938,116 |
|
|
|
933,924 |
|
| Less: current portion |
|
|
(938,116 |
) |
|
|
(52,126 |
) |
| Total term loan, net of current portion |
|
|
- |
|
|
|
881,798 |
|
| Long-term debt, net of current portion |
|
$ |
1,516,008 |
|
|
$ |
2,238,026 |
|
|
| Principal repayments |
| Years ending |
|
Amount |
|
| February 28, 2022 |
|
$ |
938,116 |
|
| February 28, 2023 |
|
|
- |
|
| February 28, 2024 |
|
|
248,798 |
|
| February 29, 2025 |
|
|
248,798 |
|
| February 28, 2026 |
|
|
248,794 |
|
| Thereafter |
|
|
995,222 |
|
| Total |
|
$ |
2,679,728 |
|
|