XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2023
Mar. 31, 2023
ASSETS    
Cash and cash equivalents $ 13,064,240 $ 1,160,358
Short-term investments and amounts in escrow (Note 3) 56,483
Accounts receivable, net of allowance for doubtful accounts of $174,042 and $97,640 at December 31, 2023 and March 31, 2023, respectively 520,164 886,663
Other receivable, net of allowance for doubtful accounts of $nil and $3,951 at December 31, 2023 and March 31, 2023, respectively (Note 4) 5,254,942 359,461
Accrued revenue (Note 11) 437,557 504,766
Prepaid expenses, parts inventory and advances (Note 4) 881,277 325,788
Prepaid manufacturing costs (Note 11) 535,723 463,815
Projects under development (Note 5) 5,111,024
Total current assets 25,804,927 3,757,334
Asset held for sale (Note 4) 18,569,060
Project under development 39,970
Property and equipment (Note 6) 748,095 849,209
Intangible assets (Note 7) 5,978,412 6,706,484
Right of use asset 1,062,314 350,429
Security deposits and other advances (Note 4) 2,885,580 293,680
Total assets 36,479,328 30,566,166
Current liabilities    
Accounts payable and accrued liabilities (Note 4), (Note 12) 7,295,986 3,388,733
Warranty provision (Note 14) 394,315 580,530
Contract liabilities (Note 11) 5,166,189 8,751,125
Loans payable (Note 13) 2,403,812 2,459,146
Loans of Projects Under Development (Note 13)
Current portion of lease obligations 336,225 145,437
Income taxes 1,165,639  
Due to related parties (Note 15) 1,774,782 213,020
Total current liabilities 18,536,948 15,537,991
Other long-term obligation 127,974
Long-term operating lease obligation 638,030 84,621
Total liabilities 19,174,978 15,750,586
Stockholders’ Equity    
Preferred stock, 10,000,000 shares authorized, $0.001 par value nil and nil shares issued and outstanding at December 31, 2023 and March 31, 2023, respectively
Common stock, 500,000,000 shares authorized, $0.001 par value 52,345,724 and 47,276,886 shares issued and outstanding at December 31, 2023 and March 31, 2023, respectively 52,346 47,277
Additional paid-in capital 98,019,696 93,107,946
Accumulated other comprehensive income 3,917,272 2,944,086
Deficit (85,478,586) (96,847,650)
Total stockholders’ equity before treasury stock 16,510,728 (748,341)
Treasury stock, at cost, nil shares and 56,162 shares at December 31, 2023 and March 31, 2023, respectively (99,754)
Total stockholders’ equity 16,510,728 (848,095)
Noncontrolling interest (Note 10) 793,622 15,663,675
Total equity 17,304,350 14,815,580
Total liabilities and stockholders’ equity 36,479,328 30,566,166
Related Party    
Current liabilities    
Due to related parties (Note 15) $ 1,774,782 $ 213,020