INCOME TAXES (Tables)
|
12 Months Ended |
Mar. 31, 2018 |
Income Tax Disclosure [Abstract] |
|
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
Components of net (loss) before income taxes consists of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
|
$ |
|
U.S. |
|
|
(12,281,398 |
) |
|
|
(6,056,384 |
) |
Canada |
|
|
(2,344,392 |
) |
|
|
(2,013,018 |
) |
|
|
|
(14,625,790 |
) |
|
|
(8,069,402 |
) |
Net (loss) for the year before recovery of income taxes |
|
|
(14,625,790 |
) |
|
|
(8,069,402 |
) |
Statutory rate |
|
|
34.04 |
% |
|
|
35 |
% |
Expected income tax (recovery) expense |
|
|
(4,978,619 |
) |
|
|
(2,824,291 |
) |
Tax rate changes and other basis adjustments |
|
|
1,748,278 |
|
|
|
44,238 |
|
Stock-based compensation |
|
|
524,412 |
|
|
|
350,683 |
|
Difference in Foreign Tax Rates |
|
|
184,414 |
|
|
|
- |
|
Accretion |
|
|
659,458 |
|
|
|
- |
|
Share premium |
|
|
425,497 |
|
|
|
- |
|
Non-deductible expense |
|
|
339,296 |
|
|
|
(132,076 |
) |
Net DTA acquired |
|
|
- |
|
|
|
(546,122 |
) |
Change in valuation allowance |
|
|
1,097,264 |
|
|
|
3,107,568 |
|
Recovery of income taxes |
|
|
- |
|
|
|
- |
|
|
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
The following deferred tax assets have not been recognized. Deferred tax reflects the tax effects of temporary differences that gave rise to significant portions of deferred tax assets and liabilities and consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment |
|
|
70,350 |
|
|
|
73,520 |
|
Share issue costs |
|
|
510 |
|
|
|
1,456 |
|
SR&ED pool |
|
|
690,320 |
|
|
|
464,746 |
|
Other |
|
|
535,510 |
|
|
|
629,266 |
|
Non-capital losses – Canada |
|
|
2,515,170 |
|
|
|
2,067,203 |
|
Net operating losses – U.S. |
|
|
4,331,850 |
|
|
|
4,534,710 |
|
Valuation allowance |
|
|
(7,017,430 |
) |
|
|
(5,956,118 |
) |
|
|
|
1,126,280 |
|
|
|
1,814,783 |
|
Intangibles and other |
|
|
(1,126,280 |
) |
|
|
(1,814,783 |
) |
|
|
|
- |
|
|
|
- |
|
|
Summary of Income Tax Examinations [Table Text Block] |
In many cases the Company’s uncertain tax positions are related to tax years that remain subject to examination by tax authorities. The following describes the open tax years, by major tax jurisdiction, as of March 31, 2018:
United States – Federal |
2014 – present |
United States – State |
2014 – present |
Canada – Federal |
2013 – present |
Canada – Provincial |
2013 – present |
|