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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Cash flows from (used in) operating activities      
Loss for the year $ (15,009,920) $ (7,836,754) $ (5,145,966)
Items not affecting cash      
Allowance for credit losses 8,940 333,929 46,447
Depreciation 661,958 437,263 578,555
Share-based payments 5,771,475 2,098,761 308,106
Accretion and income (7,034) 168,029 608,411
Amortization of deferred financing fees 416,738 628,483 619,394
Write down of assets 607,579 45,679 223,919
Payroll Protection Loan forgiven (365,278) 0 0
Foreign exchange loss / (gain) 65,117 193,798 (439,209)
Cash flow used in operating activities before changes in non-cash items (7,850,425) (3,930,812) (3,200,343)
Changes in non-cash items:      
Accounts receivable 1,478,425 (3,492,997) 404,430
GST receivable 2,244 (58,362) 65,783
Inventory (20,864,478) (8,757,529) (2,675,980)
Prepaids and deposits (73,373) (401,063) 37,420
Finance lease receivables 287,947 22,771 25,020
Financing fees 0 0 (21,366)
Accounts payable and accrued liabilities 192,973 272,318 290,515
Deferred revenue 6,389,707 (301,152) (397,747)
Warranty liability 93,232 254,604 358,576
Total cash flows from (used in) operating activities (20,343,748) (16,392,222) (5,113,692)
Cash flows from (used in) investing activities      
Purchase of property and equipment (536,093) (352,682) (161,860)
Total cash flows from (used in) investing activities (536,093) (352,682) (161,860)
Cash flows from (used in) financing activities      
Paycheck protection program proceeds 0 361,900 0
Repayment of loans payable to related parties 0 (2,803,863) (358,873)
Loans from related parties 0 137,074 1,630,668
Proceeds from (repayment of) line of credit 5,766,379 (5,469,944) 1,050,037
Principal payments on promissory note (346,166) (58,030) (56,939)
Principal payments on lease liabilities (266,042) (272,467) (231,574)
Proceeds from issuance of common shares 0 37,700,000 4,000,000
Repayment of note payable and convertible debentures, net of conversion 0 (10,574) (276,258)
Equity offering costs (27,329) (2,948,718) (463,411)
Proceeds from exercise of stock options 1,226,259 302,886 160,687
Proceeds from exercise of warrants 6,311,673 4,585,367 48,415
Total cash flows from (used in) financing activities 12,664,774 31,523,631 5,502,752
Foreign exchange on cash and restricted cash (104,559) (22,384) 25,485
Net increase (decrease) in cash and restricted cash (8,319,626) 14,756,343 252,685
Cash and cash equivalents at beginning of period 15,207,948 451,605 198,920
Cash and cash equivalents at end of period $ 6,888,322 $ 15,207,948 $ 451,605