Quarterly report pursuant to Section 13 or 15(d)

Commitment (Tables)

v3.20.2
Commitment (Tables)
6 Months Ended
Sep. 30, 2020
Disclosure Text Block Supplement [Abstract]  
Schedule of lease assets are categorized as right of use assets
Long-term
premises lease
  Lease
commencement
  Lease
expiry
  Term
(years)
  Discount rate*  
London, United Kingdom   April 1, 2019   December 25, 2023   4.75   4.50 %
North Vancouver, Canada   December 1, 2019   August 31, 2022   2.75     4.50 %
Shanghai, China   March 1, 2020   May 31, 2025   5.25     4.75 %
* The Company determined the discount rate with reference to mortgages of similar tenure and terms.
Schedule of operating lease expense is recognized on a straight-line basis over the lease term
    Three Months
Ended
September  30,
2020
$
    Three Months
Ended
September 30,
2019
$
    Six Months
Ended
September 30,
2020
$
    Six Months
Ended
September 30
2019
$
 
Operating lease expense *     118,038       103,329       248,167       205,791  
* Including right of use amortization and imputed interest. Lease payments include maintenance, operating expense, and tax.
Schedule of minimum annual lease payments
Calendar Year   $  
2020 (remainder of year)     127,511  
2021     510,042  
2022     497,126  
2023     368,935  
2024     61,859  
2025     15,465  
Total future minimum lease payments     1,580,938  
Imputed interest     (123,904 )
         
Operating lease obligations     1,457,034