Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Consolidated Statements of Financial Position

v3.19.1
Consolidated Statements of Financial Position - CAD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents (Note 4) $ 18,926,933 $ 8,610,996
Receivables (Note 5) 1,190,689 243,639
Prepaid expenses 2,268,776 920,146
Inventory 420,737 232,903
Current assets 22,807,135 10,007,684
Non-current assets    
Restricted cash 110,707  
Plant and equipment (Note 6) 5,323,766 1,393,683
Goodwill and other intangible assets (Note 7) 1,239,123 1,260,014
TOTAL ASSETS 29,480,731 12,661,381
Current liabilities    
Bank overdraft and demand loan   123,637
Trade payables and accrued liabilities (Note 8) 1,262,861 1,123,790
Customer deposits 303,076 362,829
Construction contract liability 99,707 84,242
Shareholder loan 6,230 10,383
Promissory note (Note 7)   1,500,000
Deferred income tax (Note 7) 149,794 149,794
Total Current Liabilities 1,821,668 3,354,675
Non-current liabilities    
Derivative liability (Note 11) [1] 4,752,875 3,655,690
TOTAL LIABILITIES 6,574,543 7,010,365
EQUITY    
Share capital (Note 12) 46,622,299 22,718,282
Common share subscription   750,000
Deficit (31,373,697) (21,335,552)
Reserves 7,657,586 3,518,286
TOTAL EQUITY 22,906,188 5,651,016
TOTAL LIABILITIES AND EQUITY $ 29,480,731 $ 12,661,381
[1] Footnote: The warrant derivative liability is valued at fair value in accordance with International Financial Reporting Standards ("IFRS"). There are no circumstances in which the Company would be required to pay cash upon exercise or expiry of the warrants. See Note 11.