Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.19.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Mar. 31, 2019
ASSETS    
Cash $ 4,020,576 $ 2,863,148
Short-term investments and amounts in escrow (Note 3) 2,574,321 1,736,938
Accounts receivable and other amounts recoverable 2,375,733 778,435
Prepaid expenses and deposits 987,230 870,639
Contract assets (Note 8) 21,894,085 12,237,825
Lease receivable, current portion (Note 4) 427,772 309,772
Total Current Assets 32,279,717 18,796,757
Lease receivable (Note 4) 681,689 784,914
Property and equipment (Note 5) 181,063 31,375
Right of use asset (Note 7) 1,642,102  
Intangible assets (Note 6) 9,527,302 9,746,255
Total Assets 44,311,873 29,359,301
Current Liabilities    
Accounts payable and accrued liabilities 6,763,878 4,511,721
Warranty provision (Note 9) 197,119 121,345
Contract liabilities (Note 8) 34,737,440 18,850,487
Convertible debenture (Note 10) 30,000 30,000
Current portion of operating lease obligation (Note 7) 100,607
Due to related parties (Note 12) 98,538 117,005
Derivative liability (Note 11 and 17) 568,540 431,586
Total Current Liabilities 42,496,122 24,062,144
Long-term operating lease obligation (Note 7) 1,240,165
Total Liabilities 43,736,287 24,062,144
Stockholders' Equity    
Preferred stock, 10,000,000 shares authorized, $0.001 par value Nil and nil shares issued and outstanding, respectively
Common stock, 500,000,000 shares authorized, $0.001 par value 45,493,439 and 45,493,439 shares issued and outstanding, respectively (Note 13) 45,493 45,493
Additional paid-in capital 90,698,002 90,684,174
Accumulated other comprehensive income 349,460 270,245
Deficit (90,517,369) (85,702,755)
Total Stockholders' Equity 575,586 5,297,157
Total Liabilities and Stockholders' Equity 44,311,873 $ 29,359,301
Nature of Operations (Note 1)  
Commitments (Note 19)  
Subsequent Events (Note 20)