Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Balance Sheets (Unaudited)

v3.20.2
Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2020
Mar. 31, 2020
ASSETS    
Cash $ 15,439,082 $ 21,386,934
Short-term investments and amounts in escrow (Note 3) 279,131 718,100
Accounts receivable and other amounts recoverable 11,949,739 16,161,811
Prepaid expenses and deposits 579,348 839,705
Parts inventory 60,464  
Contract assets (Note 8) 18,409,820 24,604,339
Lease receivable, current portion (Note 4) 472,000 472,000
Due from related parties (Note 12) 42,739  
Total Current Assets 47,232,323 64,182,889
Lease receivable (Note 4) 154,918 369,634
Long term receivable 3,746,922 2,027,855
Property and equipment (Note 5) 1,298,322 1,301,905
Intangible assets (Note 6) 11,796,487 12,575,303
Goodwill (Note 7) 3,524,162 3,524,162
Right of use asset (Note 18) 1,302,395 1,813,921
Security deposit 439,362 430,568
Total Assets 69,494,891 86,226,237
Current Liabilities    
Accounts payable and accrued liabilities (Note 10) 28,691,182 42,276,285
Warranty provision (Note 11) 1,569,919 1,089,356
Contract liabilities (Note 8) 15,879,562 23,553,267
Convertible debenture (Note 9) 10,000 30,000
Current portion of operating lease obligation (Note 18) 451,275 548,338
Due to related parties (Note 12) 40,380 42,141
Derivative liability (Note 9) 82,371 174,484
Total Current Liabilities 46,724,689 67,713,871
Long-term accounts payable and accrued liabilities (Note 10) 2,997,538 1,622,284
Long-term operating lease obligation (Note 18) 1,005,759 1,305,722
Total Liabilities 50,727,986 70,641,877
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 46,030,209 and 45,659,971 shares issued and outstanding, respectively (Note 13) 46,030 45,660
Additional paid-in capital 90,942,458 90,653,018
Accumulated other comprehensive income 291,062 207,017
Deficit (72,512,645) (75,321,335)
Total Stockholders’ Equity 18,766,905 15,584,360
Total Liabilities and Stockholders’ Equity $ 69,494,891 $ 86,226,237