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Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2022
Mar. 31, 2022
ASSETS    
Cash and cash equivalent $ 4,497,514 $ 6,286,468
Short-term investments and amounts in escrow (Note 3) 2,382,475 1,932,323
Accounts receivable, net of allowance for doubtful accounts of $781,079 and $828,461 at June 30, 2022 and March 31, 2022, respectively 2,513,372 4,884,101
Other receivable, net of allowance for doubtful accounts of $1,431 and $1,512 at June 30, 2022 and March 31, 2022, respectively 677,987 10,599,746
Accrued revenue (Note 8) 312,389 531,947
Prepaid expenses and parts inventory 1,248,385 582,063
Prepaid manufacturing costs (Note 8) 78,917 38,010
Total Current Assets 11,711,039 24,854,658
Project under development (Note 6) 10,825,726 3,855,792
Property and equipment (Note 4) 1,072,433 1,166,241
Intangible assets (Note 5) 6,879,228 7,099,748
Right of use asset 628,353 739,091
Security deposits and other advances 913,793 949,644
Total Assets 32,030,572 38,665,174
Current Liabilities    
Accounts payable and accrued liabilities (Note 9) 6,357,706 9,594,787
Warranty provision (Note 10) 931,296 865,451
Contract liabilities (Note 8) 8,445,145 8,143,109
Current portion of lease obligations (Note 14(a)) 429,259 472,068
Due to related parties (Note 11) 83,196 4,250
Total Current Liabilities 16,246,602 19,079,665
Non – current portion of lease obligation (Note 14(a)) 99,209 341,972
Total Liabilities 16,345,811 19,421,637
Stockholders’ Equity    
Preferred stock, 10,000,000 shares authorized, $0.001 par value nil and nil shares issued and outstanding at June 30, 2022 and March 31, 2022, respectively
Common stock, 500,000,000 shares authorized, $0.001 par value 47,026,886 and 47,026,886 shares issued and outstanding at June 30, 2022 and March 31, 2022, respectively 47,027 47,027
Additional paid-in capital 92,446,921 92,429,203
Accumulated other comprehensive income 1,650,831 2,035,666
Deficit (88,789,536) (85,530,306)
Total stockholders’ equity before treasury stock 5,355,243 8,981,590
Treasury stock, at cost, 56,162 shares and 56,162 shares at June 30, 2022 and March 31, 2022, respectively (99,754) (99,754)
Total Stockholders’ Equity 5,255,489 8,881,836
Noncontrolling interest (Note 7(a) and (b)) 10,429,272 10,361,701
Total Equity 15,684,761 19,243,537
Total Liabilities and Stockholders’ Equity $ 32,030,572 $ 38,665,174