Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
|
3 Months Ended |
9 Months Ended |
Nov. 30, 2018 |
Nov. 30, 2017 |
Nov. 30, 2018 |
Nov. 30, 2017 |
| Cash Flows from Operating Activities |
|
|
|
|
| Net loss |
$ (2,913,761)
|
$ (6,703,653)
|
$ (9,981,702)
|
$ (10,402,707)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|
| Depreciation and amortization |
155,053
|
98,755
|
366,710
|
281,016
|
| Stock-based compensation expense |
|
|
3,162,045
|
5,323,917
|
| Changes in operating assets and liabilities: |
|
|
|
|
| Sales tax and tax credits receivable |
|
|
67,606
|
(2,831)
|
| Prepaid expenses |
|
|
446,770
|
(15,518)
|
| Accounts payable and accrued liabilities |
|
|
483,254
|
1,000,680
|
| Advances from majority stockholder |
|
|
|
(360,000)
|
| Net cash used in operating activities |
|
|
(5,455,317)
|
(4,175,443)
|
| Cash Flows from Investing Activities |
|
|
|
|
| Additions to property, plant and equipment |
|
|
(1,428,174)
|
(273,550)
|
| Additions to intangible assets |
|
|
(95,179)
|
|
| Net cash used in investing activities |
|
|
(1,523,353)
|
(273,550)
|
| Cash Flows from Financing Activities |
|
|
|
|
| Proceeds from sales of convertible debt |
|
|
2,450,000
|
|
| Convertible debt subscriptions |
|
|
100,000
|
|
| Repayment of long-term debt |
|
|
(39,471)
|
|
| Proceeds from sales of common shares and exercise of warrants, net of share issuance costs |
|
|
|
7,228,393
|
| Repayment of advances from majority stockholder |
|
|
|
(205,592)
|
| Net cash (used) provided by financing activities |
|
|
2,510,529
|
7,022,801
|
| Effect of exchange rate changes |
|
|
(53,314)
|
(50,527)
|
| Net change in cash and restricted cash |
|
|
(4,521,455)
|
2,523,281
|
| Cash and restricted cash, beginning of period |
|
|
8,149,713
|
916,487
|
| Cash and restricted cash, end of period |
3,628,258
|
3,439,768
|
3,628,258
|
3,439,768
|
| Comprises of: |
|
|
|
|
| Cash |
3,528,258
|
3,400,973
|
3,528,258
|
3,400,973
|
| Restricted cash |
100,000
|
38,795
|
100,000
|
38,795
|
| Cash and restricted cash |
$ 3,628,258
|
$ 3,439,768
|
3,628,258
|
3,439,768
|
| Supplemental Disclosure of Cash Flow Information: |
|
|
|
|
| Income tax paid |
|
|
|
|
| Interest paid |
|
|
$ 41,117
|
|