Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
|
9 Months Ended |
Nov. 30, 2022 |
Nov. 30, 2021 |
| Cash Flows from Operating Activities |
|
|
| Net loss |
$ (26,724,178)
|
$ (30,648,023)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization (Notes 7 and 8) |
410,544
|
407,806
|
| Stock-based compensation expense (Note 17) |
9,969,153
|
1,361,744
|
| Gain on disposition of assets (Note 6) |
(6,703,558)
|
0
|
| Accretion and accrued interest expenses (Note 20) |
117,504
|
82,393
|
| Changes in operating assets and liabilities: |
|
|
| Sales tax and tax credits receivable (Note 3) |
20,301
|
948,328
|
| Inventory (Note 4) |
(426,278)
|
0
|
| Prepaid expenses and deposits (Note 5) |
(1,294,520)
|
(1,394,272)
|
| Accounts payable and accrued liabilities (Note 10) |
(2,652,171)
|
(3,587,932)
|
| Customer deposits (Note 11) |
1,000,000
|
0
|
| Net cash used in operating activities |
(26,283,203)
|
(32,829,956)
|
| Cash Flows from Investing Activities |
|
|
| Proceeds from disposition of assets (Note 6) |
8,559,490
|
0
|
| Additions to property, plant and equipment (Notes 6 and 7) |
(68,097)
|
(5,022,255)
|
| Additions to intangible assets (Note 8) |
(225,047)
|
(348,017)
|
| Net cash used in investing activities |
8,266,346
|
(5,370,272)
|
| Cash Flows from Financing Activities |
|
|
| Proceeds from sale of common shares and warrants, net of share issuance costs (Note 14) |
0
|
56,087,746
|
| Proceeds from issuance of long-term debt (Note 12) |
0
|
1,868,954
|
| Repayment of long-term debt |
0
|
(41,041)
|
| Net cash (used) provided by financing activities |
0
|
57,915,659
|
| Effect of exchange rate changes |
(419,577)
|
(77,336)
|
| Net increase (decrease) in cash |
(18,436,434)
|
19,638,095
|
| Cash and restricted cash, beginning of period |
44,061,427
|
35,221,951
|
| Cash and restricted cash, end of period |
25,624,993
|
54,860,046
|
| Supplemental Disclosure of Cash Flow Information: |
|
|
| Income tax paid |
0
|
0
|
| Interest paid |
0
|
30,506
|
| Interest received |
$ 35,842
|
$ 23,654
|