Cash Flow

v3.22.0.1
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating Activities    
Net income (loss) for the period $ (9,943,904) $ (371,957)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of intangible assets (Note 6) 1,178,217 1,169,039
Gain on reduction of acquisition costs of subsidiary (3,240,250)
Gain on disposition of subsidiary (242,193)
Lease expense 360,717 342,077
Depreciation (Note 5) 152,062 144,457
Lease finance charge 11,881 29,748
Loss (gain) on change in fair value of derivative liability (Note 11) 1,306
Unrealized loss (gain) on foreign exchange (71,970) 166,478
Fair value of stock options granted (Note 16) 41,519 60,822
Shares issued for services 23,999 264,688
Changes in operating assets and liabilities:    
Short-term investments and amounts held in trust 37,449 257,170
Accounts receivable 6,000,254 1,306,949
Prepaid expenses and deposits (213,635) 154,672
Contract assets 989,639 6,814,648
Project under development (348,967)
Lease payments (406,870) (379,820)
Due from related parties 0 (42,346)
Accounts payable and accrued liabilities (15,055,658) (9,991,783)
Warranty provision (593,553) 483,077
Loan payable 3,329
Contract liabilities 4,402,661 (7,110,602)
Due to related parties (174,837)
Net Cash Provided by (Used in) Operating Activities (13,610,996) (10,180,491)
Investing Activities    
Acquisition of business, net of cash acquired (Note 8)   114,014
Additions of property and equipment (49,540) (99,999)
Net Cash Provided by (Used in) Investing Activities (49,540) 14,015
Financing Activities    
Repurchases of common stock (99,754)
Proceeds on option exercise 250 1,750
Net Cash Provided by (Used in) Financing Activities (99,504) 1,750
Effect of Foreign Exchange Rate Changes on Cash 121,391 209,921
Change in Cash and Cash Equivalents (13,638,649) (9,954,805)
Cash and Cash Equivalents, Beginning of Period 23,436,417 21,386,934
Cash and Cash Equivalents, End of Period 9,797,768 11,432,129
Non-cash Investing and Financing Activities, excluded in above    
Common stock issuable in business acquisition 525,000
Consideration accrued for business acquisition (Note 8) net of imputed discount 23,921
Interest paid
Income taxes paid

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