v3.20.2
Condensed Consolidated Interim Statements of Cash Flows - USD ($)
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net loss for the period $ (2,007,076) $ (2,120,644)
Adjustment for items not affecting cash    
Depreciation 18,112 23,970
Amortization 23,504 69,314
Interest expense 74,975 13,283
Share based compensation expense 407,315 287,757
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities (1,483,170) (1,726,320)
Changes in non-cash working capital items    
Accounts receivable (128,308) 496,181
Prepaid expenses and other receivables (90,798) 160,305
Due from related parties (817) (483)
Inventories 114,472 (176,376)
Accounts payable (413,219) (93,835)
Accrued liabilities 406,425 (41,434)
Deferred revenue (33,782) 58,016
Net cash (used in) operating activities (1,629,197) (1,323,946)
Investing activities    
Acquisition of equipment 0 (42,802)
Net cash (used in) investing activities 0 (42,802)
Financing activities    
Proceeds from convertible loans 1,302,575 950,000
Proceeds from PPP Loan 459,912 0
Proceeds from term loan 0 500,000
Net cash provided by financing activities 1,762,487 1,450,000
Net increase in cash and cash equivalents for the period 133,290 83,252
Cash and cash equivalents, beginning of the period 2,269,747 2,269,747
Cash and cash equivalents, end of the period $ 2,403,037 $ 530,031

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