Quarterly report pursuant to Section 13 or 15(d)

CHANGE IN ACCOUNTING POLICY (Tables)

v3.8.0.1
CHANGE IN ACCOUNTING POLICY (Tables)
6 Months Ended
Sep. 30, 2017
Disclosure Text Block [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]
The following financial statement line items for the periods of three and six months ended September 30, 2016 were affected by the change in accounting principle.
 
Income statement
 
 
 
Three months period ended September 2016
 
 
Six months period ended September 2016
 
 
 
As originally reported
 
 
As adjusted
 
 
Effect of change
 
 
As originally reported
 
 
As adjusted
 
 
Effect of change
 
Sales
 
$
18,283
 
 
$
18,283
 
 
$
-
 
 
$
182,474
 
 
$
182,474
 
 
$
-
 
Cost of Sales
 
 
12,019
 
 
 
12,019
 
 
 
-
 
 
 
70,894
 
 
 
70,894
 
 
 
-
 
Total operating expenses
 
 
1,807,323
 
 
 
1,807,323
 
 
 
-
 
 
 
3,840,336
 
 
 
3,840,336
 
 
 
-
 
Total other expenses
 
 
(2,530,605
)
 
 
(400,499
)
 
 
2,130,106
 
 
 
(2,135,530
)
 
 
(396,483
)
 
 
1,739,047
 
Net income (loss) and comprehensive loss for the period
 
 
729,546
 
 
 
(1,400,560
)
 
 
(2,130,106
)
 
 
(1,593,226
)
 
 
(3,332,273
)
 
 
(1,739,047
)
Net income (loss) per share
 
 
0.01
 
 
 
(0.04
)
 
 
(0.05
)
 
 
(0.02
)
 
 
(0.06
)
 
 
(0.04
)
 
 
Balance sheet
 
 
 
As at March 31, 2017
 
 
 
As originally reported
 
 
As adjusted
 
 
Effect of change
 
Current assets
 
$
1,402,580
 
 
$
1,402,580
 
 
$
-
 
Capital assets
 
 
227,421
 
 
 
227,421
 
 
 
-
 
Intangible assets
 
 
27,338,899
 
 
 
27,338,899
 
 
 
-
 
Total assets
 
 
28,968,900
 
 
 
28,968,900
 
 
 
-
 
Warrant derivative liability
 
 
959,600
 
 
 
-
 
 
 
(959,600
)
Other current liabilities
 
 
4,818,205
 
 
 
4,818,205
 
 
 
-
 
Total liabilities
 
 
5,777,805
 
 
 
4,818,205
 
 
 
(959,600
)
Common stock
 
 
96,794
 
 
 
96,794
 
 
 
-
 
Additional paid in capital
 
 
38,640,706
 
 
 
45,088,171
 
 
 
6,447,465
 
Retained earnings
 
 
(15,588,554
)
 
 
(21,076,419
)
 
 
(5,487,865
)
Accumulated other comprehensive income
 
 
42,149
 
 
 
42,149
 
 
 
-
 
Total shareholders' equity
 
 
23,191,095
 
 
 
24,150,695
 
 
 
959,600
 
Total liabilities and shareholders' equity
 
 
28,968,900
 
 
 
28,968,900
 
 
 
-
 
 
The change in retained earnings consists of a change in net loss for the year ended March 31, 2017, changing from $3,936,574 to $8,069,402, a net change of $4,132,828, the remainder of the change included in the $5,487,865 noted above relates to periods prior to March 31, 2016.
 
Statement of cash flows
 
 
 
As at September 30, 2016
 
 
 
As originally reported
 
 
As adjusted
 
 
Effect of change
 
 Net loss for the period
 
$
(1,593,226
)
 
$
(3,332,273
)
 
$
(1,739,047
)
 Adjustment for items not affecting cash
 
 
 
 
 
 
 
 
 
 
 
 
 Depreciation
 
 
33,753
 
 
 
33,753
 
 
 
-
 
 Interest expense
 
 
10,031
 
 
 
10,031
 
 
 
-
 
 Share-based compensation expense
 
 
424,090
 
 
 
424,090
 
 
 
-
 
 Shares issued for service
 
 
59,500
 
 
 
59,500
 
 
 
-
 
 Change in fair value of warrant derivative liability
 
 
(1,739,047
)
 
 
-
 
 
 
1,739,047
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Net cash used in operating activities
 
 
(3,964,234
)
 
 
(3,964,234
)
 
 
-
 
 Net cash used in investing activities
 
 
(6,848
)
 
 
(6,848
)
 
 
-
 
 Net cash provided by financing activities
 
 
266,635
 
 
 
266,635
 
 
 
-
 
 Net decrease in cash and cash equivalents for the period
 
 
(3,704,447
)
 
 
(3,704,447
)
 
 
-
 
 Cash and cash equivalents, beginning of period
 
 
5,381,757
 
 
 
5,381,757
 
 
 
-
 
 Cash and cash equivalents, end of period
 
 
1,677,310
 
 
 
1,677,310
 
 
 
-