Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
|
3 Months Ended |
9 Months Ended |
Nov. 30, 2016 |
Nov. 30, 2015 |
Nov. 30, 2016 |
Nov. 30, 2015 |
| Cash Flows from Operating Activities |
|
|
|
|
| Net loss |
$ (749,407)
|
$ (743,839)
|
$ (2,539,123)
|
$ (1,809,756)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|
| Depreciation expense |
|
|
242,712
|
82,565
|
| Amortization expense |
15,895
|
7,419
|
47,684
|
22,257
|
| Amortization of the fair value of common shares issued for services |
|
|
|
534,000
|
| Cost of reverse merger |
|
|
|
60,571
|
| Fair value of warrants issued for services |
|
|
106,053
|
|
| Changes in operating assets and liabilities: |
|
|
|
|
| Valued added tax and other receivables |
|
|
89,427
|
(159,185)
|
| Prepayments and other current assets |
|
|
36,129
|
(6,090)
|
| Accounts payable and accrued liabilities |
|
|
(196,813)
|
315,797
|
| Accrued officer compensation |
45,000
|
45,000
|
135,000
|
135,000
|
| Intellectual property obligation |
|
|
|
(212,880)
|
| Net Cash Used in Operating Activities |
|
|
(2,078,931)
|
(1,037,721)
|
| Cash Flows from Investing Activities |
|
|
|
|
| Purchase of property and equipment |
|
|
(412,921)
|
(1,085,351)
|
| Net Cash Used in Investing Activities |
|
|
(412,921)
|
(1,085,351)
|
| Cash Flows from Financing Activities |
|
|
|
|
| Advances from majority stockholder |
|
|
(132,044)
|
421,312
|
| Proceeds from sale of common shares |
|
|
3,826,016
|
2,237,000
|
| Net Cash Provided by Financing Activities |
|
|
3,693,972
|
2,658,312
|
| Effect of exchange rate changes |
|
|
(26,307)
|
75,039
|
| Net Change in Cash |
|
|
1,175,813
|
610,279
|
| Cash - beginning of period |
|
|
422,586
|
209,796
|
| Cash - end of period |
$ 1,598,399
|
$ 820,075
|
1,598,399
|
820,075
|
| Supplemental disclosure of cash flow information: |
|
|
|
|
| Income tax paid |
|
|
|
|
| Non-cash investing and financing activities: |
|
|
|
|
| Net Liabilities assumed upon reverse merger |
|
|
|
$ 59,919
|