Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.19.2
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]    
Sales (Note 8) $ 4,764,235
Cost of goods sold (2,817,913)
Gross margin 1,946,322
Expenses    
Advertising and promotion 545,052 34,517
Amortization of intangible assets 218,953 218,953
Consulting fees (Note 12) 2,892,870 357,084
Depreciation 9,444 2,356
Foreign exchange loss (gain) 250,842 (144,729)
Lease expense 102,462
Office and miscellaneous 493,646 62,643
Professional fees 310,686 69,542
Salaries and wage expenses 903,708
Stock-based compensation (Note 16) 13,828
Transfer agent and filing fees 108,238 17,022
Travel and accommodation 659,017 83,494
Warranty and related (Note 9) 128,704
Total expenses 6,637,450 700,882
Loss before other income (expense) (4,691,128) (700,882)
Other income (expense)    
Loss on change in fair value of derivative liability (Note 11) (136,954) (145,147)
Interest income on finance lease 14,968  
Interest expense (1,500) (2,990)
Total other income (expense) (123,486) (148,137)
Net loss for the year (4,814,614) (849,019)
Other comprehensive income    
Foreign currency translation gain (loss) 79,215 (114,230)
Comprehensive loss for the year $ (4,735,399) $ (963,249)
Net loss per share, basic and diluted $ (0.1) $ (0.02)
Weighted average number of shares outstanding [1] 46,030,439 41,641,116
[1] For the period ended June 30, 2019, includes 537,500 stock options as they are exercisable at any time for nominal cash consideration