Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
|
3 Months Ended |
May 31, 2018 |
May 31, 2017 |
| Cash Flows from Operating Activities |
|
|
| Net loss |
$ (3,529,530)
|
$ (1,523,090)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization |
101,069
|
90,487
|
| Stock-based compensation expense |
1,185,669
|
222,504
|
| Changes in operating assets and liabilities: |
|
|
| Sales tax and tax credits receivable |
53,699
|
82,892
|
| Prepaid expenses |
239,669
|
|
| Accounts payable and accrued liabilities |
(221,637)
|
468,282
|
| Advances from majority stockholder |
|
(324,844)
|
| Net cash used in operating activities |
(2,171,061)
|
(983,769)
|
| Cash Flows from Investing Activities |
|
|
| Additions to property, plant and equipment |
(585,958)
|
(55,453)
|
| Additions to intangible assets |
(6,358)
|
|
| Net cash used in investing activities |
(592,316)
|
(55,423)
|
| Cash Flows from Financing Activities |
|
|
| Proceeds from sales of common shares, net of share issuance costs |
|
5,897,188
|
| Repayment of advances from majority stockholder |
|
(278,472)
|
| Repayment of long-term debt |
(13,514)
|
|
| Net cash (used) provided by financing activities |
(13,514)
|
5,618,716
|
| Effect of exchange rate changes |
(17,807)
|
39,039
|
| Net change in cash |
(2,794,698)
|
4,618,533
|
| Cash - beginning of period |
8,149,713
|
916,487
|
| Cash - end of period |
5,355,015
|
5,535,020
|
| Supplemental disclosure of cash flow information: |
|
|
| Income tax paid |
|
|
| Interest paid |
$ 12,913
|
|