Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Balance Sheets

v3.8.0.1
Condensed Consolidated Interim Balance Sheets - USD ($)
Dec. 31, 2017
Mar. 31, 2017
Current    
Cash and cash equivalents $ 998,661 $ 543,650
Accounts receivable, net of allowance for doubtful accounts of $16,349 (March 31, 2017 - $10,000) 306,572 383,903
Prepaid expenses and other receivables (Note 5) 145,044 228,047
Inventories (Note 6) 302,414 228,249
Due from related parties (Note 9(a)) 19,374 18,731
Total Current Assets 1,772,065 1,402,580
Equipment (Note 7) 174,997 227,421
Technology and other assets (Note 4) 4,783,704 5,030,624
Goodwill (Note 4) 22,308,275 22,308,275
Total Assets 29,039,041 28,968,900
Current    
Accounts Payable (Notes 9(b)) 794,875 784,771
Accrued liabilities (Notes 3, 8 and 9(b)) 1,868,225 1,228,657
Customer advances 800 121,562
Demand Notes Payable (Note 8(a)) 50,000 330,600
Promissory Notes payable (Note 8(b)) 0 236,548
Convertible Loans Payable (Note 8(d), (e) and (f)) 7,079,852 2,017,488
Short term loan (Note 8(c)) 400,000 0
Deferred revenue 113,801 98,624
Total Current Liabilities 10,307,553 4,818,250
Shareholders’ Equity    
Common Shares, par value $0.001; Authorized - 250,000,000 (March 31, 2017 - 150,000,000); Issued and outstanding 55,885,279 and 45,909,336 Exchangeable Shares (March 31, 2017 - 48,885,107 and 47,909,336 Exchangeable Shares) (Note 10) 101,794 96,794
Additional paid in capital 48,081,670 45,088,171
Shares to be issued (Note 10) 60,000 0
Deficit (29,554,125) (21,076,464)
Accumulated other comprehensive income 42,149 42,149
Total Shareholders’ Equity 18,731,488 24,150,650
Total Liabilities and Shareholders’ Equity 29,039,041 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