Cash Flow

v3.20.4
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating Activities    
Net income (loss) for the period $ (371,957) $ 11,036,141
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of intangible assets (Note 6) 1,169,039 681,065
Gain on reduction of acquisition costs of subsidiary (3,240,250)
Gain on disposition of subsidiary (242,193)
Lease expense 342,077 302,131
Depreciation (Note 5) 144,457 44,978
Lease finance charge 29,748 147,832
Loss (gain) on change in fair value of derivative liability (Note 10) 1,306 13,887
Unrealized loss (gain) on foreign exchange 166,478
Fair value of stock options granted (Note 16) 60,822 80,596
Shares issued for services 264,688 73,500
Changes in operating assets and liabilities:    
Short-term investments and amounts held in trust 257,170 317,629
Accounts receivable 1,306,949 (23,309,967)
Prepaid expenses and deposits 154,672 (364,576)
Contract assets 6,814,648 (9,786,672)
Lease payments (379,820) (155,993)
Due from related parties (42,346)
Accounts payable and accrued liabilities (9,991,783) 27,556,388
Warranty provision 483,077 2,252,823
Loan payable 3,329
Contract liabilities (7,110,602) 8,753,877
Due to related parties (115,581)
Net Cash Provided by (Used in) Operating Activities (10,180,491) 17,528,058
Investing Activities    
Acquisition of business, net of cash acquired (Note 7,8) 114,014 (3,799,648)
Additions of property and equipment (99,999) (431,600)
Net Cash Provided by (Used in) Investing Activities 14,015 (4,231,248)
Financing Activities    
Shareholder settlement 135,454
Stock issued on acquisition
Proceeds on option exercise 1,750
Share purchase warrants settled (750,000)
Net Cash Provided by (Used in) Financing Activities 1,750 (614,546)
Effect of Foreign Exchange Rate Changes on Cash 209,921 246,634
Change in Cash (9,954,805) 12,928,898
Cash, Beginning of Period 21,386,934 2,863,148
Cash, End of Period 11,432,129 15,792,046
Non-cash Investing and Financing Activities, excluded in above    
Common stock issuable in business acquisition 525,000 368,750
Consideration accrued for business acquisition (Note 7) net of imputed discount 23,921 5,190,023
Right of use assets and lease obligations recognized 1,923,508
Supplemental Disclosures:    
Interest paid
Income taxes paid

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