LongTerm Debt (Tables)
9 Months Ended
Nov. 30, 2021
LongTerm Debt  
Long-term debt

 

 

November 30,

2021

 

 

February 28,

2021

 

Investissement Québec financing facility :

 

 

 

 

 

 

Principal amount

 

$3,595,998

 

 

$1,741,612

 

Unamortized discount

 

 

(366,219)

 

 

(268,192)

Accrued interest

 

 

85,566

 

 

 

42,588

 

Total Investissement Québec financing facility

 

 

3,315,345

 

 

 

1,516,008

 

Term loan

 

 

 

 

 

 

 

 

Principal amount

 

 

889,228

 

 

 

938,116

 

Less: current portion

 

 

(889,228)

 

 

(938,116)

Total term loan, net of current portion

 

 

-

 

 

 

-

 

Long-term debt, net of current portion

 

$3,315,345

 

 

$1,516,008

 

Principal repayments

Years ending

 

Amount

 

February 28, 2022

 

$

889,228

 

February 28, 2023

 

 

-

 

February 29, 2024

 

 

513,705

 

February 28, 2025

 

 

513,705

 

February 28, 2026

 

 

513,705

 

Thereafter

 

 

2,054,881

 

Total

 

$

4,485,224