Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Balance Sheets

v3.7.0.1
Condensed Consolidated Interim Balance Sheets - USD ($)
Jun. 30, 2017
Mar. 31, 2017
Current    
Cash and cash equivalents $ 846,431 $ 543,650
Accounts receivable 134,926 383,903
Prepaid expenses and other receivables (Note 4) 172,051 228,047
Inventories (Note 5) 255,546 228,249
Due from related parties (Note 8)(a) 19,366 18,731
Total Current Assets 1,428,320 1,402,580
Equipment (Note 6) 218,469 227,421
Technology and other assets (Note 3) 4,937,675 5,030,624
Goodwill (Note 3) 22,308,275 22,308,275
Total Assets 28,892,739 28,968,900
Current    
Accounts Payable (Notes 8(b) and 13) 890,624 784,726
Accrued liabilities (Notes 7 and 8(b)) 1,223,130 1,228,657
Customer advances 229,862 121,562
Demand Loans (Note 7) 332,941 330,600
Promissory Notes payable (Note 7) 241,700 236,548
Convertible Loans (Note 7) 2,581,510 2,017,488
Deferred revenue 106,609 98,624
Warrant Derivative Liability (Note 11) 759,714 959,600
Total Current Liabilities 6,366,090 5,777,805
Shareholders’ Equity    
Common Shares, par value $0.001; Authorized - 150,000,000 (March 31, 2017 - 150,000,000); Issued and outstanding 53,885,279 and 47,909,336 Exchangeable Shares (March 31, 2017 - 48,885,107 and 47,909,336 Exchangeable Shares) (Note 9) 101,794 96,794
Additional paid in capital 40,216,582 38,640,706
Deficit (17,833,876) (15,588,554)
Accumulated other comprehensive income 42,149 42,149
Total Shareholders’ Equity 22,526,649 23,191,095
Total Liabilities and Shareholders’ Equity 28,892,739 28,968,900
Special Voting Preferred Stock [Member]    
Shareholders’ Equity    
Preferred Stock, par value $0.001; Authorized 10,000,000 Special Voting Preferred Stock, par value $0.001; Authorized; Issued and outstanding - 1 (March 31, 2017 - 1) $ 0 $ 0