Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Tables)

v3.19.2
INCOME TAXES (Tables)
12 Months Ended
Mar. 31, 2019
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
 
 
 
2019
 
 
2018
 
 
 
$
 
 
$
 
U.S.
 
 
(8,849,294
)
 
 
(12,281,398
)
Canada
 
 
(1,707,307
)
 
 
(2,344,392
)
 
 
 
(10,556,601
)
 
 
(14,625,790
)
Net loss for the year before recovery of income taxes
 
 
(10,556,601
)
 
 
(14,625,790
)
Statutory rate
 
 
25.30
%
 
 
34.04
%
Expected income tax (recovery)
 
 
(2,670,579
)
 
 
(4,978,619
)
Tax rate changes and other basis adjustments
 
 
(525,472
)
 
 
1,748,278
 
Stock-based compensation
 
 
340,861
 
 
 
524,412
 
Difference in Foreign Tax Rates
 
 
-
 
 
 
-
 
Accretion
 
 
890,797
 
 
 
184,414
 
Change in fair value
 
 
(85,487
)
 
 
659,458
 
(Gain) loss on mark to market re-evaluation
 
 
(518,274
)
 
 
-
 
Share premium
 
 
-
 
 
 
425,497
 
Non-deductible expense
 
 
83,578
 
 
 
339,296
 
Net DTA acquired
 
 
-
 
 
 
-
 
Change in valuation allowance
 
 
2,484,576
 
 
 
1,097,264
 
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,

2019
 
 
March 31,
2018
 
 
 
$
 
 
$
 
Equipment
 
 
70,650
 
 
 
70,350
 
Share issue costs
 
 
-
 
 
 
510
 
SR&ED pool
 
 
844,001
 
 
 
690,320
 
Other
 
 
1,022,309
 
 
 
535,510
 
Non-capital losses – Canada
 
 
2,796,469
 
 
 
2,515,170
 
Net operating losses – U.S.
 
 
5,911,320
 
 
 
4,331,850
 
Valuation allowance
 
 
(9,502,006
)
 
 
(7,017,430
)
 
 
 
1,142,743
 
 
 
1,126,280
 
Intangibles and other
 
 
(1,142,743
)
 
 
(1,126,280
)
 
 
 
-
 
 
 
-
 
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, 2019:
 
United States – Federal
2015 – present
United States – State
2015 – present
Canada – Federal
2014 – present
Canada – Provincial
2014 – present