Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
|
3 Months Ended |
May 31, 2021 |
May 31, 2020 |
| Cash Flows from Operating Activities |
|
|
| Net loss |
$ (12,157,364)
|
$ (3,852,714)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization (Notes 5 and 6) |
132,001
|
256,090
|
| Stock-based compensation expense (Note 15) |
15,357
|
1,011,824
|
| Accretion and accrued interest (Note 18) |
21,408
|
17,963
|
| Loss on revaluation of foreign exchange contracts |
0
|
98,502
|
| Changes in operating assets and liabilities: |
|
|
| Sales tax, tax credits and other receivables (Note 3) |
287,116
|
76,410
|
| Prepaid expenses (Note 4) |
(1,326,519)
|
(1,865,216)
|
| Accounts payable and accrued liabilities (Note 8) |
622,443
|
(720,759)
|
| Net cash used in operating activities |
(12,405,558)
|
(4,977,900)
|
| Cash Flows from Investing Activities |
|
|
| Investment in a joint venture (Note 9) |
0
|
(650,000)
|
| Additions to property, plant and equipment (Note 5) |
(4,867,007)
|
(394,403)
|
| Additions to intangible assets (Note 6) |
(52,319)
|
(144,386)
|
| Net cash used in investing activities |
(4,919,326)
|
(1,188,789)
|
| Cash Flows from Financing Activities |
|
|
| Repayment of long-term debt (Note 10) |
(14,496)
|
(12,693)
|
| Net cash provided from (used in) financing activities |
(14,496)
|
(12,693)
|
| Effect of exchange rate changes |
154,491
|
(29,534)
|
| Net change in cash and cash equivalents |
(17,184,889)
|
(6,208,916)
|
| Cash and cash equivalents, beginning of period |
35,221,951
|
33,717,671
|
| Cash and cash equivalents, end of period |
18,037,062
|
27,508,755
|
| Supplemental Disclosure of Cash Flow Information: |
|
|
| Income tax paid |
0
|
0
|
| Interest paid |
9,178
|
10,311
|
| Interest received |
$ 9,761
|
$ 40,346
|