Balance Sheet

v3.22.0.1
Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2021
Mar. 31, 2021
ASSETS    
Cash and cash equivalent $ 9,797,768 $ 23,436,417
Short-term investments and amounts in escrow (Note 3) 1,089,279 1,126,728
Accounts receivable, net of allowance for doubtful accounts of $1,566,406 and $1,559,757, respectively 7,996,480 10,996,220
Prepaid expenses and parts inventory 763,003 932,948
Contract assets (Note 10) 3,339,968 4,329,607
Lease receivable (Note 4) 64,247 406,366
Total Current Assets 23,050,745 41,228,286
Long term receivable 65,139 2,735,415
Project under development (Note 9) 2,350,083 2,001,116
Property and equipment (Note 5) 1,168,765 1,229,828
Intangible assets (Note 6) 10,115,947 11,180,524
Goodwill (Note 7 and 8) 4,399,091 4,293,789
Right of use asset 831,124 1,118,949
Security deposit 1,019,450 635,870
Total Assets 43,000,344 64,423,777
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable and accrued liabilities (Note 12) 12,185,211 24,486,138
Warranty provision (Note 13) 1,831,554 2,425,107
Contract liabilities (Note 10) 18,006,220 13,603,559
Current portion of lease obligation (Note 18) 486,442 490,947
Due to related parties (Note 14)   174,837
Total Current Liabilities 32,509,427 41,180,588
Long-term accounts payable and accrued liabilities (Note 12) 539,611 3,294,342
Long-term lease obligation (Note 18) 452,810 822,289
Total Liabilities 33,501,848 45,297,219
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 47,026,886 and 46,990,565 shares issued and outstanding, respectively 47,027 46,991
Additional paid-in capital 92,392,824 92,327,092
Accumulated other comprehensive income 1,242,560 892,732
Deficit (84,084,161) (74,140,257)
Total stockholders’ equity before treasury stock 9,598,250 19,126,558
Treasury stock, at cost, 56,162 shares at Dec 31, 2021 and nil shares at March 31, 2021 (99,754)
Total Stockholders’ Equity 9,498,496 19,126,558
Total Liabilities and Stockholders’ Equity $ 43,000,344 $ 64,423,777

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