Segmented Information and Other Additional Disclosures

12 Months Ended

Mar. 31, 2020

Disclosure Of Operating Segments Abstract

Segmented Information and Other Additional Disclosures

21. Segmented Information and Other Additional Disclosures

The Company operates in one reportable operating segment, being the manufacture and distribution of all-electric transit, school and charter buses.

During the year ended March 31, 2020, the Company was economically dependent on four (2019 - one, 2018 - two) customers who accounted for more than 10% of revenue from continuing operations and in aggregate accounted for approximately 86% (2019: 80%, 2018: 100%) of sales.

The Company's revenues allocated by segment for the years ended March 31, 2020, 2019 and 2018 is summarized in the following table. Included in Vehicle sales revenue for the year ended March 31, 2020 is $4,197,850 (2019 - $622,420; 2018 -$nil) received from government grants.

		For the Years Ended
		March 31, 2020		March 31, 2019		March 31, 2018
Vehicle Sales	$	10,438,713	$	5,781,853	$	3,431,211
Revenue from operating and finance leases		2,920,719		264,699		—
Accretion on promissory note		39,019		36,009		4,779
Rental income		—		—		80,166
Service revenue		33,577		—		—
Finance income		68,375		—		—
Total	$	13,500,403	$	6,082,561	$	3,516,156

The Company's revenues allocated by geography for the years ended March 31, 2020, 2019 and 2018 is as follows:

				For the Years Ended
		March 31, 2020		March 31, 2019		March 31, 2018
United States of America	$	13,461,384	$	6,046,552	$	1,647,556
Canada		39,019		36,009		1,868,600
Total	$	13,500,403	$	6,082,561	$	3,516,156

As at March 31, 2020 and March 31, 2019 the majority of the Company's consolidated non-current assets, being property and equipment, and finance lease receivable are located in the United States.

GreenPower incurred salaries and benefits of $3,262,331 for the year ended March 31, 2020 (2019 - $1,909,196, 2018 - $1,271,673). These costs were allocated to the following expense categories, and to cost of sales, for each of these periods:

		For the Years Ended
		March 31, 2020		March 31, 2019		March 31, 2018
Administrative Fees	$	3,128,304	$	1,778,178	$	1,053,123
Product development costs		—		—		76,340
Sales and marketing		30,000		120,000		75,000
Cost of sales		104,027		11,018		67,210
Total	$	3,262,331	$	1,909,196	$	1,271,673