Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Statements of Cash Flows (Unaudited)

v3.20.2
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net income (loss) for the period $ 2,808,691 $ 8,771,459
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of intangible assets (Note 6) 779,336 438,734
Gain on reduction of acquisition costs of subsidiary (3,240,250)  
Gain on disposition of subsidiary (239,174)  
Lease expense 248,167 180,876
Depreciation (Note 5) 96,650 23,381
Lease finance charge 21,284 (29,636)
Loss (gain) on change in fair value of derivative liability (Note 9) (49,563) 71,407
Unrealized loss(gain) on foreign exchange 89,195  
Fair value of stock options granted (Note 15) 60,822 50,175
Share issued for services 164,688  
Changes in operating assets and liabilities:    
Short-term investments and amounts held in trust 438,969 2,585
Accounts receivable 2,686,438 (20,568,850)
Prepaid expenses and deposits 189,964 142,518
Contract assets 6,194,519 (20,676,583)
Lease payments (268,898) (367,582)
Due from related parties (42,739)  
Accounts payable and accrued liabilities (8,680,297) 31,357,363
Warranty provision 480,563 1,238,653
Contract liabilities (7,673,705) 9,299,470
Due to related parties (1,761) (93,724)
Net Cash Provided by (Used in) Operating Activities (5,937,101) 9,840,246
Investing Activities    
Additions of property and equipment (85,683) (262,151)
Net Cash Provided by (Used in) Investing Activities (85,683) (262,151)
Financing Activities    
Proceeds from option exercise 1,750  
Net Cash Provided by (Used in) Financing Activities 1,750  
Effect of Foreign Exchange Rate Changes on Cash 73,182 537,198
Change in Cash (5,947,852) 10,115,293
Cash, Beginning of Period 21,386,934 2,863,148
Cash, End of Period 15,439,082 12,978,441
Supplemental Disclosures:    
Interest paid
Income taxes paid