Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Balance Sheets (Unaudited)

v3.20.4
Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2020
Mar. 31, 2020
ASSETS    
Cash $ 11,432,129 $ 21,386,934
Short-term investments and amounts in escrow (Note 3) 460,930 718,100
Accounts receivable and other amounts recoverable 15,003,717 16,161,811
Prepaid expenses and deposits 477,339 839,705
Parts inventory 280,111  
Contract assets (Note 9) 17,789,691 24,604,339
Lease receivable, current portion (Note 4) 472,000 472,000
Due from related parties (Note 13) 42,346  
Total Current Assets 45,958,263 64,182,889
Lease receivable (Note 4) 45,382 369,634
Long term receivable 2,185,298 2,027,855
Property and equipment (Note 5) 1,286,873 1,301,905
Intangible assets (Note 6) 11,621,985 12,575,303
Goodwill (Note 7,8) 4,309,170 3,524,162
Right of use asset (Note 19) 1,217,571 1,813,921
Security deposit 357,015 430,568
Total Assets 66,981,557 86,226,237
Current Liabilities    
Accounts payable and accrued liabilities (Note 11) 28,699,844 42,276,285
Warranty provision (Note 12) 1,572,433 1,089,356
Contract liabilities (Note 9) 16,442,665 23,553,267
Loan payable 68,310  
Convertible debenture (Note 10) 10,000 30,000
Current portion of operating lease obligation (Note 19) 481,275 548,338
Due to related parties (Note 13) 4,250 42,141
Derivative liability (Note 10) 133,240 174,484
Total Current Liabilities 47,412,017 67,713,871
Long-term accounts payable and accrued liabilities (Note 11) 1,748,238 1,622,284
Long-term operating lease obligation (Note 19) 950,695 1,305,722
Total Liabilities 50,110,950 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 46,655,209 and 45,659,971 shares issued and outstanding, respectively (Note 14) 46,655 45,660
Additional paid-in capital 91,619,333 90,653,018
Accumulated other comprehensive income 897,911 207,017
Deficit (75,693,292) (75,321,335)
Total Stockholders’ Equity 16,870,607 15,584,360
Total Liabilities and Stockholders’ Equity $ 66,981,557 $ 86,226,237