Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands |
May 31, 2023 |
Feb. 28, 2023 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 21,970
|
$ 29,591
|
| Restricted cash |
1,000
|
1,000
|
| Sales tax, tax credits and other receivables (Note 3) |
1,158
|
1,075
|
| Inventories (Note 4) |
871
|
727
|
| Deposits on machinery and equipment (Note 5) |
5,430
|
3,395
|
| Prepaid expenses and other deposits (Note 5) |
710
|
636
|
| Total current assets |
31,139
|
36,424
|
| Investment in joint venture |
381
|
381
|
| Property, plant and equipment, net (Note 6) |
2,446
|
2,545
|
| Intangible assets, net (Note 7) |
1,278
|
1,210
|
| Total assets |
35,244
|
40,560
|
| Current liabilities |
|
|
| Accounts payable and accrued liabilities (Note 9) |
3,828
|
2,510
|
| Customer deposits |
1,000
|
1,012
|
| Current portion of long-term debt (Note 10) |
208
|
62
|
| Total current liabilities |
5,036
|
3,584
|
| Long-term debt (Note 10) |
3,098
|
3,240
|
| Total liabilities |
8,134
|
6,824
|
| Stockholders' Equity |
|
|
| Series A Preferred stock par value $0.0001; 25,000,000 shares authorized; one share issued and outstanding |
0
|
0
|
| Common stock par value $0.0001; 250,000,000 shares authorized; 47,521,187 shares issued and outstanding (February 28, 2023 - 47,469,224) (Note 12) |
5
|
5
|
| Additional paid-in capital |
170,725
|
170,370
|
| Additional paid-in capital - Warrants |
20,385
|
20,385
|
| Accumulated deficit |
(162,884)
|
(155,883)
|
| Accumulated other comprehensive loss |
(1,121)
|
(1,141)
|
| Total stockholders' equity |
27,110
|
33,736
|
| Total liabilities and stockholders' equity |
$ 35,244
|
$ 40,560
|