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Segmented Information and Other Additional Disclosures
12 Months Ended
Mar. 31, 2022
Disclosure Of Operating Segments Abstract  
Segmented Information and Other Additional Disclosures [Text Block]

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, 2022, the Company was economically dependent on three (2021 - three, 2020 - four) customers who accounted for more than 10% of revenue from continuing operations and in aggregate accounted for approximately 57%, (2021: 87%, 2020: 86%) of sales.

The Company's revenues allocated by segment for the years ended March 31, 2022, 2021 and 2020 is summarized in the following table. Included in Vehicle sales and in Revenue from operating and finance leases for the year ended March 31, 2022 is $2,970,387 (2021 - $5,765,000, 2020 - $4,197,850) in proceeds received from government vouchers for sales made to customers or lessees. Included in Vehicle sales for the year ended March 31, 2022 is $1,929,800 (2021 - $2,175,000, 2020 - $746,750) from the sales of vehicles that were previously on lease where the leases were cancelled and the vehicles subsequently sold.

     

For the Years Ended

     
  March 31, 2022   March 31, 2021   March 31, 2020  
        (as restated - note 26)   (as restated - note 26)  
Vehicle and parts sales $ 13,714,227   $ 3,459,311   $ 10,438,713  
Revenue from operating and finance leases   3,297,619     9,590,511     3,817,474  
Accretion on promissory note   7,035     26,426     39,019  
Service revenue   -     -     33,577  
Finance income   217,892     199,936     68,375  
EIDL grant   -     10,000     -  
                   
  $ 17,236,773   $ 13,286,184   $ 14,397,158  

The Company's revenues allocated by geography for the years ended March 31, 2022, 2021 and 2020 is as follows:

  For the Years Ended  
  March 31, 2022   March 31, 2021   March 31, 2020  
        (as restated - note 26)   (as restated - note 26)  
United States of America $ 15,972,137   $ 13,045,040   $ 14,358,139  
Canada   1,264,636     241,144     39,019  
                   
Total $ 17,236,773   $ 13,286,184   $ 14,397,158  

The Company's property and equipment allocated by geography for the years ended March 31, 2022, and 2021 is as follows:

    For the Years Ended  
    March 31, 2022     March 31, 2021  
United States of America $ 3,296,564   $ 2,139,496  
Canada   146,753     7,080  
Total $ 3,443,317   $ 2,146,576