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Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Mar. 31, 2016
Current assets    
Cash and cash equivalents $ 419,676 $ 472,317
Accounts receivable, net 81,688 58,307
Investment tax credits receivable 168,963 281,644
Other tax credits 117,658 84,652
Prepaid expenses 12,819 24,959
Total Current Assets 800,804 921,879
Investments 114,200 116,414
Long term deposits
Intangible assets
Property and equipment, net 23,758 26,317
Total Assets 938,762 1,064,610
Current liabilities    
Accounts payable 20,451 9,161
Accrued liabilities 19,125 41,518
Deferred revenue 92,770 110,969
Total current liabiliities 132,346 161,648
Deferred rent 8,173 11,035
Shareholders' equity:    
Preferred shares, no par value, non-cumulative dividend at a rate to be determined by the Board of Directors redeemable by the holder for CDN $1 per share. Unlimited authorized shares; issued and outstanding NIL shares at March 31, 2017 and 2016.
Common shares, no par value, Unlimited authorized shares; 8,120,348 shares issued and outstanding as at March 31, 2017 and 7,890,493 shares as at March 31, 2016. 19,491,757 19,484,482
Additional paid-in capital 2,961,848 2,960,789
Accumulated deficit (21,282,718) (21,213,270)
Accumulated other comprehensive income (372,644) (340,074)
Total shareholders' equity 798,243 891,927
Total liability and equity $ 938,762 $ 1,064,610