Condensed Consolidated Balance Sheets - USD ($)
|
Aug. 31, 2020 |
Feb. 29, 2020 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 23,128,243
|
$ 33,717,671
|
| Sales tax, tax credits and other receivables (Note 3) |
511,156
|
664,544
|
| Prepaid expenses and deposits (Note 4) |
2,293,283
|
141,226
|
| Total current assets |
25,932,682
|
34,523,441
|
| Investment in joint venture (Note 9) |
1,500,000
|
850,000
|
| Property, plant and equipment, net (Note 5) |
8,287,408
|
7,260,254
|
| Intangible assets, net (Note 6) |
342,930
|
202,863
|
| Total assets |
36,063,020
|
42,836,558
|
| Current liabilities |
|
|
| Accounts payable and accrued liabilities (Note 8) |
2,099,515
|
2,082,698
|
| Current portion of long-term debt (Note 10) |
53,673
|
52,126
|
| Total current liabilities |
2,153,188
|
2,134,824
|
| Long-term debt (Note 10) |
2,316,408
|
2,238,026
|
| Total liabilities |
4,469,596
|
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; 39,935,210 shares issued and outstanding (February 29, 2020 - 39,910,774) (Note 12) |
3,994
|
3,992
|
| Additional paid-in capital |
84,172,723
|
82,379,413
|
| Additional paid-in capital - Warrants |
9,870,241
|
9,785,799
|
| Accumulated deficit |
(62,297,485)
|
(53,317,047)
|
| Accumulated other comprehensive loss |
(156,049)
|
(388,449)
|
| Total stockholders' equity |
31,593,424
|
38,463,708
|
| Total liabilities and stockholders' equity |
$ 36,063,020
|
$ 42,836,558
|