Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Statements of Cash Flows

v3.10.0.1
Condensed Consolidated Interim Statements of Cash Flows - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net loss for the period $ (760,698) $ (2,240,518)
Adjustment for items not affecting cash    
Depreciation 17,595 24,552
Amortization 71,053 92,949
Interest expense 36,702 72,766
Share based compensation expense 595,412 251,048
Accretion expense 134,251 0
Fair value adjustment 44,087 0
Gain on mark to market reevaluation (2,048,697) 0
Allowance for doubtful accounts (19,694) 0
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities (1,929,989) (1,799,203)
Changes in non-cash working capital items    
Accounts receivable (137,756) 248,977
Prepaid expenses and other receivables (51,783) 55,996
Due from related parties 350 (635)
Inventories 81,648 (27,297)
Accounts payable 11,468 104,648
Accrued liabilities (402,141) (5,428)
Customer advances 0 108,300
Deferred revenue 7,117 7,985
Net cash (used in) operating activities (2,421,086) (1,306,657)
Investing activities    
Acquisition of equipment (7,844) (15,600)
Net cash (used in) investing activities (7,844) (15,600)
Financing activities    
Proceeds from convertible loans 2,934,298 500,000
Proceeds on exercise of warrants 0 1,125,038
Repayment of Demand notes principal (50,000) 0
Repayment of Promissory notes interest (2,975) 0
Net cash provided by financing activities 2,881,323 1,625,038
Net increase in cash and cash equivalents for the period 452,393 302,781
Cash and cash equivalents, beginning of period 507,311 543,650
Cash and cash equivalents, end of period $ 959,704 $ 846,431