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Consolidated Statements of Cash Flows - CAD ($)
12 Months Ended
May 31, 2019
May 31, 2018
Operating activities    
Net loss for the year $ (10,858,005) $ (9,298,163)
Add items not affecting cash:    
Depreciation 15,069 18,020
Stock-based compensation (note 6) 1,633,957 673,233
Foreign exchange gain (loss) (85,258) 123,758
Changes in non-cash items:    
Accounts receivable (24,220) (11,914)
Prepaid expenses (98,199) (7,596)
Accounts payable and accrued liabilities 14,928 37,619
Cash used in operating activities (9,401,728) (8,465,043)
Financing activities    
Cash received from issuance of shares 10,894,926 10,073,362
Share issuance costs (31,059) (107,348)
Cash provided by financing activities 10,863,867 9,966,014
Investing activities    
Expenditures on property and equipment (1,769) (7,710)
Capitalized acquisition costs (47,318) (38,384)
Cash used in investing activities (49,087) (46,094)
Effect of foreign exchange on cash 121,492 (144,889)
Increase in cash and cash equivalents 1,534,544 1,309,988
Cash and cash equivalents, beginning of the year 2,610,541 1,300,553
Cash and cash equivalents, end of the year $ 4,145,085 $ 2,610,541