Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.19.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net income (loss) for the period $ 8,771,459 $ (2,579,074)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Amortization of intangible assets 438,734 437,907
Amortization on right of use asset 180,876
Depreciation equipment 23,381 4,712
Interest accretion on finance lease (29,636)
Loss on change in fair value of derivative liability 71,407 180,866
Fair value of stock options granted 50,175 174,249
Stock issued for services 793,000
Changes in operating assets and liabilities:    
Short-term investments and amounts in escrow 2,585
Accounts receivable and other amounts recoverable (20,568,850) (6,102)
Prepaid expenses, deposits and other assets 142,518 (906,530)
Due from related parties 6
Contract assets (20,676,583)
Lease payments (367,582)
Accounts payable and accrued liabilities 31,357,363 (123,004)
Warranty provision 1,238,653
Contract liabilities 9,299,470
Due to related parties (93,724) (149,820)
Net Cash From (Used In) Operating Activities 9,840,246 (2,173,790)
Investing Activities    
Additions of property and equipment (262,151)
Net Cash Used In Investing Activities (262,151)
Financing Activities    
Proceeds from issuance of common stock 2,936,000
Net Cash Provided by Financing Activities 2,936,000
Effect of Foreign Exchange Rate Changes on Cash 537,198 (116,124)
Change in Cash 10,115,293 646,086
Cash, Beginning of Period 2,863,148 229,882
Cash, End of Period 12,978,441 875,968
Non-cash Investing and Financing Activities:    
Stock issued for services included in prepaid expenses 251,537
Supplemental Disclosures:    
Interest paid
Income taxes paid