Condensed Consolidated Balance Sheets - USD ($)
|
May 31, 2021 |
Feb. 28, 2021 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 18,037,062
|
$ 35,221,951
|
| Sales tax, tax credits and other receivables (Note 3) |
1,551,702
|
1,763,835
|
| Prepaid expenses (Note 4) |
1,978,390
|
609,782
|
| Total current assets |
21,567,154
|
37,595,568
|
| Investment in joint venture |
1,500,000
|
1,500,000
|
| Property, plant and equipment, net (Note 5) |
8,569,606
|
3,513,051
|
| Intangible assets, net (Note 6) |
881,223
|
794,894
|
| Total assets |
32,517,983
|
43,403,513
|
| Current liabilities |
|
|
| Accounts payable and accrued liabilities (Note 8) |
9,057,423
|
8,124,865
|
| Current portion of long-term debt (Note 10) |
971,257
|
938,116
|
| Total current liabilities |
10,028,680
|
9,062,981
|
| Long-term debt (Note 10) |
1,614,971
|
1,516,008
|
| Total liabilities |
11,643,651
|
10,578,989
|
| 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; 42,433,320 shares issued and outstanding (February 28, 2021 – 42,413,691) (Note 12) |
4,244
|
4,242
|
| Additional paid-in capital |
113,663,032
|
113,662,677
|
| Additional paid-in capital - Warrants |
8,826,165
|
8,826,165
|
| Accumulated deficit |
(101,819,334)
|
(89,661,970)
|
| Accumulated other comprehensive loss |
200,225
|
(6,590)
|
| Total stockholders' equity |
20,874,332
|
32,824,524
|
| Total liabilities and stockholders' equity |
$ 32,517,983
|
$ 43,403,513
|