General form of registration statement for all companies including face-amount certificate companies

INCOME TAXES (Tables)

v3.10.0.1
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:
 
   
March 31
   
March 31
 
   
2018
   
2017
 
    $     $  
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:
  
   
March 31,
2018
   
March 31,
2017
 
   
$
   
$
 
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