Condensed Consolidated Balance Sheets - USD ($)
|
May 31, 2019 |
Feb. 28, 2019 |
| Current assets |
|
|
| Cash |
$ 6,971,613
|
$ 5,833,390
|
| Sales tax, tax credits and other receivables |
741,993
|
599,000
|
| Prepaid expenses |
176,309
|
226,521
|
| Total current assets |
7,889,915
|
6,658,911
|
| Investment in joint venture |
500,000
|
0
|
| Property, plant and equipment, net |
6,005,335
|
5,371,263
|
| Intangible assets, net |
146,112
|
127,672
|
| Total assets |
14,541,362
|
12,157,846
|
| Current liabilities |
|
|
| Accounts payable and accrued liabilities |
3,103,159
|
2,670,233
|
| Convertible notes |
3,653,549
|
5,636,172
|
| Warrants |
0
|
219,531
|
| Current portion of long-term debt |
51,748
|
53,155
|
| Total current liabilities |
6,808,456
|
8,579,091
|
| Long-term debt |
914,221
|
952,363
|
| Total liabilities |
7,722,677
|
9,531,454
|
| Stockholders' Equity |
|
|
| Series A Preferred stock par value $0.0001; 25,000,000 shares authorized; one share issued and outstanding |
0
|
0
|
| Common stock par value $0.0001: 250,000,000 shares authorized; 34,875, 032 shares issued and outstanding (February 28, 2019 – 33, 805,706) |
3,488
|
3,381
|
| Additional paid-in capital |
46,536,157
|
38,966,208
|
| Additional paid-in capital - Warrants |
1,074,633
|
757,704
|
| Additional paid-in capital - Beneficial conversion feature |
1,200,915
|
1,200,915
|
| Common stock issuable, 1,000,000 shares |
800,000
|
800,000
|
| Accumulated deficit |
(42,366,142)
|
(38,811,592)
|
| Accumulated other comprehensive loss |
(430,366)
|
(290,224)
|
| Total stockholders' equity |
6,818,685
|
2,626,392
|
| Total liabilities and stockholders' equity |
$ 14,541,362
|
$ 12,157,846
|