Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.19.3
Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Mar. 31, 2019
ASSETS    
Cash $ 12,978,441 $ 2,863,148
Short-term investments and amounts in escrow (Note 3) 1,734,353 1,736,938
Accounts receivable and other amounts recoverable 21,347,284 778,435
Prepaid expenses, deposits and other assets 847,877 870,639
Contract assets (Note 8) 32,794,652 12,237,825
Lease receivable, current portion (Note 4) 472,000 309,772
Total Current Assets 70,174,607 18,796,757
Lease receivable (Note 4) 578,667 784,914
Property and equipment (Note 5) 270,145 31,375
Right of use asset (Note 7) 1,485,197
Intangible assets (Note 6) 9,307,522 9,746,255
Total Assets 81,816,138 29,359,301
Current Liabilities    
Accounts payable and accrued liabilities 35,869,084 4,511,721
Warranty provision (Note 9) 1,359,998 121,345
Contract liabilities (Note 8) 28,149,957 18,850,487
Convertible debenture (Note 10) 30,000 30,000
Current portion of operating lease obligation (Note 7) 192,755
Due to related parties (Note 12) 23,281 117,005
Derivative liability (Note 11 and 17) 502,993 431,586
Total Current Liabilities 66,128,068 24,062,144
Long-term operating lease obligation (Note 7) 1,105,736
Total Liabilities 67,233,804 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 90,734,349 90,684,174
Accumulated other comprehensive income 733,788 270,245
Deficit (76,931,296) (85,702,755)
Total Stockholders' Equity 14,582,334 5,297,157
Total Liabilities and Stockholders' Equity 81,816,138 29,359,301
Nature of Operations (Note 1)
Commitment (Note 19)