Income Statement

v3.22.0.1
Condensed Consolidated Interim Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]        
Sales (Note 10) $ 2,642,184 $ 4,658,466 $ 5,535,004 $ 42,128,892
Cost of goods sold (Note 10) 1,328,338 3,625,204 3,137,247 25,515,248
Gross profit 1,313,846 1,033,262 2,397,757 16,613,644
Expenses        
Advertising and promotion 170,870 152,172 488,088 510,748
Amortization of intangible assets (Note 6) 396,539 389,703 1,178,217 1,169,039
Bad Debts Expense 21,012   21,012  
Depreciation (Note 5) 52,519 47,807 152,062 144,457
Foreign exchange loss (gain) 34,791 (41,959) 86,369 2,577
Management and technical consulting 1,026,808 1,238,962 3,072,262 9,583,143
Office and miscellaneous 525,009 460,338 1,318,839 1,396,263
Operating lease expense (Note 18) 117,350 93,910 360,717 342,077
Professional fees 390,866 601,790 1,338,544 1,494,425
Research and development   4,368
Salaries and wage expenses 1,234,243 1,187,967 4,029,737 4,510,241
Transfer agent and filing fees 91,865 (34,007) 253,088 106,758
Travel and accommodation 249,338 129,470 473,953 302,040
Warranty and related (Note 13) 16,795 160,125 (4,853) 1,407,420
Total expenses 4,328,005 4,386,278 12,768,035 20,973,556
Income (loss) before other income (expenses) (3,014,159) (3,353,016) (10,370,278) (4,359,912)
Other income (expenses)        
Gain on de-consolidation of subsidiary and termination of lease 242,193
Gain (loss) on change in fair value of derivative liability (Note 11) (50,869) (1,306)
Gain on reduction of acquisition costs of subsidiary (Note 7) 3,240,250
Financing interest income 85,889 247,253 378,840 548,543
Interest income (expense) and other (53,198) (24,015) 47,534 (41,725)
Total other income (expense) 32,691 172,369 426,374 3,987,955
Net (loss) income for the period (2,981,468) (3,180,647) (9,943,904) (371,957)
Other comprehensive income        
Foreign currency translation gain 132,503 606,849 349,828 690,893
Comprehensive (loss) income for the period $ (2,848,965) $ (2,573,798) $ (9,594,076) $ 318,936
Net income (loss) per share, basic and diluted (in Dollars per share) $ (0.06) $ (0.07) $ (0.21) $ (0.01)
Weight average number of common shares outstanding, basic (1) (in Shares) [1] 47,321,207 46,598,183 47,309,134 46,305,661
Weight average number of dilutive shares outstanding, diluted (in Shares) 47,321,207 46,598,183 47,309,134 46,305,661
[1] The period ended December 31, 2021, includes 312,500 (2020 – 312,500) stock options as they are exercisable at any time and for nominal cash consideration.

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