Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
|
9 Months Ended |
Nov. 30, 2019 |
Nov. 30, 2018 |
| Cash Flows from Operating Activities |
|
|
| Net loss |
$ (10,747,492)
|
$ (9,981,702)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization |
585,367
|
366,710
|
| Stock-based compensation expense (Note 12) |
2,610,811
|
3,162,045
|
| Accrued interest (Note 10) |
313,433
|
0
|
| Loss on revaluation of warrants (Note 10) |
8,483
|
0
|
| Debt accretion (Note 10) |
1,584,977
|
0
|
| Deferred financing costs (Note 10) |
86,212
|
0
|
| Gain on conversion of convertible notes (Note 10) |
(232,565)
|
0
|
| Loss on revaluation of foreign exchange contracts |
10,881
|
0
|
| Changes in operating assets and liabilities: |
|
|
| Sales tax and tax credits receivable |
(37,536)
|
67,606
|
| Prepaid expenses |
52,649
|
446,770
|
| Accounts payable and accrued liabilities |
(1,054,967)
|
483,254
|
| Net cash used in operating activities |
(6,819,748)
|
(5,455,317)
|
| Cash Flows from Investing Activities |
|
|
| Investment in a joint venture (Note 8) |
(850,000)
|
0
|
| Additions to property, plant and equipment (Note 4) |
(1,647,433)
|
(1,428,174)
|
| Additions to intangible assets (Note 5) |
(95,488)
|
(95,179)
|
| Net cash used in investing activities |
(2,592,921)
|
(1,523,353)
|
| Cash Flows from Financing Activities |
|
|
| Proceeds from sale of common shares (Note 11) |
40,273,751
|
0
|
| Share issuance costs (Note 11) |
(1,106,370)
|
0
|
| Proceeds from issuance of convertible debt |
0
|
2,450,000
|
| Convertible debt subscriptions |
0
|
100,000
|
| Repayment of long-term debt (Note 9) |
(39,506)
|
(39,471)
|
| Net cash provided from (used in) financing activities |
39,127,875
|
2,510,529
|
| Effect of exchange rate changes |
(57,105)
|
(53,314)
|
| Net change in cash and cash equivalents |
29,658,101
|
(4,521,455)
|
| Cash and cash equivalents, beginning of period |
5,833,390
|
8,149,713
|
| Cash and cash equivalents, end of period |
35,491,491
|
3,628,258
|
| Supplemental Disclosure of Cash Flow Information: |
|
|
| Income tax paid |
0
|
0
|
| Interest paid |
45,668
|
41,442
|
| Interest received |
$ 363,565
|
$ 325
|