Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating Activities    
Net income (loss) for the period (Note 2(c)) $ 11,036,141 $ (10,117,893)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of intangible assets 681,065 656,859
Lease expense - amortization of right of use assets and interest accretion 302,131
Depreciation equipment 44,978 7,069
Interest accretion on finance lease 147,832
Loss on change in fair value of derivative liability 13,887 299,102
Fair value of stock options granted 80,596 4,744,382
Stock issued for services 73,500 893,000
Changes in operating assets and liabilities:    
Short-term investments and amounts held in escrow 317,629
Accounts receivable and amounts receivable (23,309,967) (25,525)
Prepaid expenses, deposits and other assets (364,576) (53,472)
Due from related parties 25,101
Contract assets (9,786,672) (7,597,498)
Lease payments (155,993)
Accounts payable and accrued liabilities 27,556,388 2,347,876
Warranty provision 2,252,823
Contract liabilities 8,753,877 8,652,677
Due to related parties (115,581) 79,184
Net Cash From (Used In) Operating Activities 17,528,058 (89,138)
Investing Activities    
Acquisition of intangible assets (286,351)
Acquisition of business, net of cash acquired $2,063,358 (Note 7) (3,799,648)
Additions of property and equipment (431,600)
Net Cash Used In Investing Activities (4,231,248) (286,351)
Financing Activities    
Proceeds from issuance of common stock 3,556,975
Shareholder settlement (Note 2(c)) 135,454
Share purchase warrants settled (750,000)
Net Cash Provided by Financing Activities (614,546) 3,556,975
Effect of Foreign Exchange Rate Changes on Cash 246,634 266,003
Change in Cash 12,928,898 3,447,489
Cash, Beginning of Period 2,863,148 229,882
Cash, End of Period 15,792,046 3,677,371
Non-cash Investing and Financing Activities, excluded in above:    
Amount due to related parties settled with common stock 500
Common stock issuable in business acquisition 368,750
Consideration accrued for business acquisition (Note 7), net of imputed discount of $95,691 5,190,023
Right of use assets and lease obligations recognized 1,923,508
Supplemental Disclosures:    
Interest paid
Income taxes paid