Consolidated Statement of Cash Flows (Unaudited) |
6 Months Ended |
|---|---|
|
Aug. 31, 2015
USD ($)
| |
| Cash Flows from Operating Activities | |
| Net loss | $ (917,239) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Depreciation expense | 326 |
| Amortization expense | 14,838 |
| Changes in operating assets and liabilities: | |
| Prepayments | (503) |
| Accounts payable | 144,452 |
| Intellectual property obligation | (212,880) |
| Net Cash Used in Operating Activities | (971,006) |
| Cash Flows from Investing Activities | |
| Purchase of property and equipment | (9,801) |
| Net Cash Used in Investing Activities | (9,801) |
| Cash Flows from Financing Activities | |
| Advances from stockholder | (8,281) |
| Proceeds from sale of common shares | 2,237,000 |
| Net Cash Used in Financing Activities | 2,228,719 |
| Net Change in Cash | 1,247,912 |
| Cash - beginning of period | 182,492 |
| Cash - end of period | $ 1,430,404 |
| Supplemental disclosure of cash flow information: | |
| Income tax paid | |
| Interest paid |