• Filing Date: 2016-07-15
  • Form Type: 10-Q
  • Description: Quarterly report
v3.5.0.2
Geographic Information (Tables)
3 Months Ended
May 31, 2016
Geographic Information Tables  
Operating segments, net of eliminations
    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