v3.19.3
Condensed Consolidated Interim Statements of Cash Flows - USD ($)
6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net loss for the period $ (5,503,328) $ (4,743,803)
Adjustment for items not affecting cash    
Depreciation 51,029 34,221
Amortization 138,628 140,368
Interest expense 167,877 57,716
Share based compensation expense 925,976 1,034,740
Accretion expense 0 2,104,418
Fair Value Adjustment 0 (337,923)
Gain/Loss on mark to market re-evaluation 0 (2,048,697)
Allowance for doubtful accounts 0 (1,995)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities (4,219,818) (3,760,955)
Changes in non-cash working capital items    
Accounts receivable 1,041,848 (303,033)
Prepaid expenses and other receivables (837,145) (417,524)
Due from related parties (347) (16)
Inventories (631,376) 44,817
Accounts payable 285,315 181,765
Accrued liabilities (512,068) (567,320)
Customer advances 0 (800)
Deferred revenue 122,821 11,494
Net cash (used in) operating activities (4,750,770) (4,811,572)
Investing activities    
Acquisition of equipment (91,141) (13,640)
Net cash (used in) investing activities (91,141) (13,640)
Financing activities    
Proceeds from convertible loans 9,070,000 4,676,633
Repayment of Demand notes principal 0 (50,000)
Repayment of Demand notes interest 0 (2,975)
Proceeds from short term loan 500,000 0
Repayment of short term loan (500,000) 0
Net cash provided by financing activities 9,070,000 4,623,658
Net increase (decrease) in cash and cash equivalents for the period 4,228,089 (201,554)
Cash and cash equivalents, beginning of period 446,779 507,311
Cash and cash equivalents, end of period $ 4,674,868 $ 305,757

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