Interest and Other Finance Costs
 9 Months Ended
Nov. 30, 2021
Interest and Other Finance Costs  
19. Interest and Other Finance Costs

19. Interest and Other Finance Costs

 

Interest and other finance costs for the three-month periods ended November 30, 2021 and 2020 are as follows:

 

 

 

2021

 

 

2020

 

Interest on long-term debt

 

$32,718

 

 

$19,185

 

Accretion expense

 

 

16,937

 

 

 

9,387

 

Loss (gain) on revaluation of foreign exchange contracts

 

 

-

 

 

 

(70,427)

 

 

$49,655

 

 

$(41,855)

 

Interest and other finance costs for the nine-month periods ended November 30, 2021 and 2020 are as follows:

 

 

 

2021

 

 

2020

 

Interest on long-term debt

 

$74,832

 

 

$57,917

 

Accretion expense

 

 

38,512

 

 

 

27,044

 

Loss (gain) on revaluation of foreign exchange contracts

 

 

-

 

 

 

(58,945)

 

 

$113,344

 

 

$26,016

 

 

There were no foreign exchange contracts outstanding as of November 30, 2021.