Cash Flow

v3.19.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net loss for the year $ (17,938,704) $ (4,205,840)
Adjustments to reconcile net loss to net cash used in operating activities:    
Accretion of discount on note payable and convertible debentures 33,438
Amortization of intangible assets 875,813 875,812
Depreciation 9,425 9,426
Impairment on capitalized costs 287,631
Non-cash other expense 220,001
Imputed interest 293,478
Lease finance charge 106,203
Provision for doubtful loan 349,858
Loss on change in fair value of derivative liability 356,081 105,175
Loss on extinguishment of debt 16,758
Fair value of stock options granted 4,993,692
Stock issued for services 980,349 9,900
Changes in operating assets and liabilities:    
Short-term investments and amounts held in trust (1,736,938)
Amounts receivable (773,523) 20,868
Prepaid expenses and deposits (731,259) (61,028)
Contract assets (12,237,825)
Loan advances (349,858)
Due from related parties 25,101 (114)
Accounts payable and accrued liabilities 4,197,071 114,193
Warranty accrual 121,345
Contract liabilities 18,850,487
Due to related parties (112,539) 164,152
Net Cash Used In Operating Activities (2,795,220) (2,336,151)
Investing Activities    
Additions of property and equipment (25,000) (802,785)
Net Cash Used In Investing Activities (25,000) (802,785)
Financing Activities    
Repayments to related parties (338,450)
Proceeds from issuance of common stock 5,451,500 3,412,026
Net Cash Provided by Financing Activities 5,451,500 3,073,576
Effect of Foreign Exchange Rate Changes on Cash 1,986 (86,925)
Change in Cash 2,633,266 (152,285)
Cash, Beginning of Year 229,882 382,167
Cash, End of Year 2,863,148 229,882
Non-cash Investing and Financing Activities:    
Accrued interest settled with common stock 85,483
Amounts due to related parties settled with common stock 3,755,681
Amount due to related parties settled with stock options 78,164
Convertible debenture settled with common stock 60,000
Derivative liability settled with common stock 221,956
Equipment sold under long-term sales-type lease 1,892,832
Loan payable settled with common stock 319,418
Note payable settled with common stock 5,000,000
Supplemental Disclosures:    
Interest paid
Income taxes paid

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