Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
|
6 Months Ended |
Aug. 31, 2020 |
Aug. 31, 2019 |
| Cash Flows from Operating Activities |
|
|
| Net loss |
$ (8,980,438)
|
$ (6,896,593)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization (Notes 5 and 6) |
558,561
|
365,739
|
| Stock-based compensation expense (Note 13) |
1,877,754
|
1,734,018
|
| Accrued interest (Note 10) |
19,291
|
215,433
|
| Loss on revaluation of warrants (Note 16) |
0
|
8,483
|
| Debt accretion (Note 16) |
17,658
|
1,035,888
|
| Deferred financing costs (Note 16) |
0
|
66,327
|
| Loss (gain) on conversion of convertible notes (Note 16) |
0
|
(232,565)
|
| Loss on revaluation of foreign exchange contracts |
11,482
|
0
|
| Changes in operating assets and liabilities: |
|
|
| Sales tax, tax credits and other receivables (Note 3) |
169,018
|
(123,194)
|
| Prepaid expenses (Note 4) |
(824,675)
|
(22,987)
|
| Accounts payable and accrued liabilities (Note 8) |
(304,438)
|
(1,385,978)
|
| Net cash used in operating activities |
(7,455,787)
|
(5,235,429)
|
| Cash Flows from Investing Activities |
|
|
| Investment in a joint venture (Note 9) |
(650,000)
|
(500,000)
|
| Deposits on machinery and equipment |
(1,305,010)
|
0
|
| Additions to property, plant and equipment (Note 5) |
(1,116,744)
|
(1,202,766)
|
| Additions to intangible assets (Note 6) |
(160,484)
|
(82,432)
|
| Net cash used in investing activities |
(3,232,238)
|
(1,785,198)
|
| Cash Flows from Financing Activities |
|
|
| Proceeds from sale of common shares (Note 12) |
0
|
40,273,751
|
| Share issuance costs (Note 12) |
0
|
(1,106,370)
|
| Repayment of long-term debt (Note 10) |
(26,836)
|
(26,326)
|
| Net cash provided from (used in) financing activities |
(26,836)
|
39,141,055
|
| Effect of exchange rate changes |
125,433
|
(22,778)
|
| Net change in cash and cash equivalents |
(10,589,428)
|
32,097,650
|
| Cash and cash equivalents, beginning of period |
33,717,671
|
5,833,390
|
| Cash and cash equivalents, end of period |
23,128,243
|
37,931,040
|
| Supplemental Disclosure of Cash Flow Information: |
|
|
| Income tax paid |
0
|
0
|
| Interest paid |
19,441
|
30,497
|
| Interest received |
$ 30,497
|
$ 192,291
|