Research and Development Expenses
 9 Months Ended
Nov. 30, 2021
Research and Development Expenses  
14. Research and development expenses

14. Research and Development Expenses

 

Research and development expenses for the three-month periods ended November 30, 2021 and 2020 were as follows:

 

 

 

November 30,

2021

 

 

November 30,

2020

 

Machinery and equipment expenditures

 

$2,599,758

 

 

$2,325,540

 

Employee compensation

 

 

1,786,765

 

 

 

1,214,434

 

External engineering

 

 

1,585,512

 

 

 

2,224,910

 

Plant and laboratory operating expenses

 

 

665,893

 

 

 

515,395

 

Other

 

 

197,376

 

 

 

(5,996)

 

 

$6,835,304

 

 

$6,274,283

 

 

Research and development expenses for the nine-month periods ended November 30, 2021 and 2020 were as follows:

 

 

 

November 30,

2021

 

 

November 30,

2020

 

Machinery and equipment expenditures

 

$7,707,882

 

 

$2,325,540

 

Employee compensation

 

 

5,365,581

 

 

 

3,094,151

 

External engineering

 

 

5,040,342

 

 

 

3,241,959

 

Plant and laboratory operating expenses

 

 

2,064,403

 

 

 

1,385,892

 

Other

 

 

579,729

 

 

 

456,551

 

 

 

$20,757,937

 

 

$10,504,093

 

 

During the nine-month period ended November 30, 2021, we recorded reimbursable research and development tax credits of $54,911 as a reduction of research and development expenses and an expense of $151,379 in the nine-month period ended November 30, 2020. The expense in the nine-month period ended November 30, 2020 was due to a revision of research and development tax credits by Canadian tax authorities. During the nine-month period ended November 30, 2021, we recorded no government grants as a reduction of research and development expenses (2020 – $200,738).