Quarterly report pursuant to Section 13 or 15(d)

Warranty provision

v3.20.4
Warranty provision
9 Months Ended
Dec. 31, 2020
Warranty Provision [Abstract]  
Warranty provision
12. Warranty provision

During the three and nine months ended December 31, 2020, the Company recorded a non-cash warranty provision of $160,125 (December 31, 2019 - $1,356,422) and $1,407,420 (December 31, 2019 - $2,711,213) respectively, as the Company provides warranties to customers for the design, materials, and installation of scrubber units. Product warranty is recorded at the time of sale and will be revised based on new information as system performance data becomes available.


A summary of the changes in the warranty provision is shown below: 


    December 31,
2020
$
    March 31,
2020
$
 
             
Balance, beginning of period     1,089,356       121,345  
Provision for warranty     1,407,420       1,630,541  
Expenses incurred     (924,343 )     (662,530 )
                 
Balance, end of period     1,572,433       1,089,356