• Filing Date: 2016-07-15
  • Form Type: 10-Q
  • Description: Quarterly report
v3.5.0.2
Geographic Information
3 Months Ended
May 31, 2016
Notes to Financial Statements  
Note 8. Geographic Information

As of May 31, 2016 and 2015, the Company had two reportable diverse geographical concentrations, the United States and Canada. Information related to these operating segments, net of eliminations, consists of the following for the periods below:

 

    Three months ended
May 31, 2016
       
    United States     Canada     Total  
                   
Revenue   $ -     $ -     $ -  
Cost of revenue     -       -       -  
General and administrative     231,797       207,949       439,746  
Research and development     149,674       265,894       415,568  
Depreciation and amortization     33,924       79,100       113,024  
Foreign exchange loss (gain)     -       (3,789 )     (3,789 )
Loss from operations   $ 415,395     $ 549,154     $ 964,549  

 

    As at
May 31, 2016
       
    United States     Canada      Total  
                   
Current assets   $ 1,374,929     $ 360,038     $ 1,734,967  
Property and equipment, net     146,746       1,281,554       1,428,300  
Intangible assets, net     349,322       -       349,322  
Total assets   $ 1,870,997     $ 1,641,592     $ 3,512,589  
                         
Current liabilities   $ 335,483     $ 715,308     $ 1,050,791  
Equity     4,185,534       (1,723,736 )     2,461,798  
Total liabilities and equity   $ 4,521,017     $ (1,008,428 )   $ 3,512,589  

 

    Three months ended
May 31, 2015
       
    United States     Canada     Total  
                   
Revenue   $ -     $ -     $ -  
Cost of revenue     -       -       -  
General and administrative     233,093       86,910       320,003  
Research and development     -       11,589       11,589  
Depreciation and amortization     7,419       2,376       9,795  
Foreign exchange loss (gain)     2,120       (5,399 )     (3,279 )
Loss from operations   $ 242,632     $ 95,476     $ 338,108  

 

    As at
May 31, 2015
       
    United States     Canada      Total  
                   
Current assets   $ 2,406,212     $ 82,842     $ 2,489,054  
Property and equipment, net     -       22,403       22,403  
Intangible assets, net     427,739       -       427,739  
Total assets   $ 2,833,951     $ 105,245     $ 2,939,196  
                         
Current liabilities   $ 5,992     157,413     $ 163,405  
Equity     2,977,959       (202,168 )     2,775,791  
Total liabilities and equity   $ 2,983,951     $ (44,755 )   $ 2,939,196