Condensed Consolidated Balance Sheets - USD ($)
|
May 31, 2020 |
Feb. 29, 2020 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 27,508,755
|
$ 33,717,671
|
| Sales tax, tax credits and other receivables (Note 3) |
570,214
|
664,544
|
| Prepaid expenses (Note 4) |
1,937,039
|
141,226
|
| Total current assets |
30,016,008
|
34,523,441
|
| Investment in joint venture (Note 9) |
1,500,000
|
850,000
|
| Property, plant and equipment, net (Note 5) |
7,250,045
|
7,260,254
|
| Intangible assets, net (Note 6) |
334,046
|
202,863
|
| Total assets |
39,100,099
|
42,836,558
|
| Current liabilities |
|
|
| Accounts payable and accrued liabilities (Note 8) |
1,411,472
|
2,082,698
|
| Current portion of long-term debt (Note 10) |
50,772
|
52,126
|
| Total current liabilities |
1,462,244
|
2,134,824
|
| Long-term debt (Note 10) |
2,185,449
|
2,238,026
|
| Total liabilities |
3,647,693
|
4,372,850
|
| Stockholders' Equity |
|
|
| Series A Preferred stock par value $0.0001; 25,000,000 shares authorized; one share issued and outstanding (Note 12) |
0
|
0
|
| Common stock par value $0.0001: 250,000,000 shares authorized; 39,916,905 shares issued and outstanding (February 29, 2020 - 39,910,774) (Note 12) |
3,993
|
3,992
|
| Additional paid-in capital |
83,306,794
|
82,379,413
|
| Additional paid-in capital - Warrants |
9,870,241
|
9,785,799
|
| Accumulated deficit |
(57,169,761)
|
(53,317,047)
|
| Accumulated other comprehensive loss |
(558,861)
|
(388,449)
|
| Total stockholders' equity |
35,452,406
|
38,463,708
|
| Total liabilities and stockholders' equity |
$ 39,100,099
|
$ 42,836,558
|