• Filing Date: 2016-07-15
  • Form Type: 10-Q
  • Description: Quarterly report
v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
May 31, 2016
Feb. 29, 2016
Current Assets    
Cash $ 1,420,292 $ 422,586
Valued added tax and other receivables 289,845 253,041
Prepayments and other current assets 24,830 36,129
Total Current Assets 1,734,967 711,756
Property and Equipment, net of accumulated depreciation of $243,530 and $149,609, respectively 1,428,300 1,399,354
Intellectual Property, net of accumulated amortization of $95,728 and $73,471, respectively 349,322 371,579
Total Assets 3,512,589 2,482,689
Current Liabilities    
Accounts payable and accrued liabilities 285,078 363,083
Accrued Officers Compensation 255,000 210,000
Advances from majority stockholder 510,713 492,128
Total current liabilities 1,050,791 1,065,211
Commitments and Contingencies
Stockholders' Equity    
Series A Preferred stock par value $0.001; 25,000,000 shares authorized; one share issued and outstanding
Common stock par value $0.0001: 250,000,000 shares authorized; 30,778,135 and 29,910,800 shares issued and outstanding, respectively 3,079 2,992
Additional paid-in capital 6,561,632 3,918,356
Common stock issuable, 204,667 shares 614,001
Accumulated deficit (4,088,351) (3,123,802)
Accumulated other comprehensive gain (14,562) 5,931
Total stockholders' equity 2,461,798 1,417,478
Total liabilities and stockholders' equity $ 3,512,589 $ 2,482,689