Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Tables)

v3.8.0.1
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
2018
 
March 31
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