Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Balance Sheets

v3.5.0.2
Condensed Consolidated Interim Balance Sheets - USD ($)
Jun. 30, 2016
Mar. 31, 2016
Current    
Cash and cash equivalents $ 2,749,953 $ 5,381,757
Accounts receivable 120,360 0
Prepaid expenses and other receivables (Note 4) 188,430 231,733
Inventories (Note 5) 260,259 0
Due from related parties (Note 8)(a) 41,623 41,445
Short term advances 0 125,153
Loan receivable 0 379,908
Total Current Assets 3,360,625 6,159,996
Equipment (Note 6) 126,336 76,750
Intangible Assets and Goodwill (Note 3) 27,888,979 0
Total Assets 31,375,940 6,236,746
Current    
Current portion of Lease Payable (Note 6) 4,603 0
Accounts Payable (Notes 8(b) and 13) 377,045 320,871
Accrued liabilities 848,281 515,979
Promissory Notes payable (Note 7) 221,699 0
Customer Deposits 86,487 0
Warrant Derivative Liability (Note 11) 5,527,049 5,135,990
Total Current Liabilities 7,065,164 5,972,840
Demand Notes payable (Note 7) 328,840 0
Lease Payable (Note 6) 18,032 0
Total Liabilities 7,412,036 5,972,840
Shareholders' Equity    
Preferred Stock, par value $0.001; Authorized 10,000,000 Special Voting Preferred Stock, par value $0.001; Authorized - 1; Issued and outstanding - 1 (March 31, 2016 - 1) 0 0
Common Shares, par value $0.001; Authorized - 150,000,000 (March 31, 2016 - 150,000,000); Issued and outstanding - 35,052,384 and 50,000,000 Exchangeable Shares (March 31, 2016 - 22,591,292 and 50,000,000 Exchangeable Shares) (Note 9) 85,052 72,591
Shares to be issued 11,083,954 0
Additional paid in capital 26,727,501 11,801,146
Deficit (13,974,752) (11,651,980)
Accumulated other comprehensive income 42,149 42,149
Total Shareholders' Equity 23,963,904 263,906
Total Liabilities and Shareholders' Equity $ 31,375,940 $ 6,236,746