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

Statements of Cash Flows (Twelve Month and Month Ended 2017 Unaudited)

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Statements of Cash Flows (Twelve Month and Month Ended 2017 Unaudited)
$ in Millions
1 Months Ended 12 Months Ended 13 Months Ended
Mar. 31, 2017
CAD ($)
Mar. 31, 2019
CAD ($)
Mar. 31, 2018
CAD ($)
Feb. 28, 2017
CAD ($)
Mar. 31, 2017
CAD ($)
Statement Line Items [Line Items]          
Cash flows used in operating activities: $ (769,000) $ (51,566,000) $ (21,504,000) $ (10,478,000) $ (11,247,000)
Amortization of intangible assets 194,000 2,322,000 2,323,000 2,323,000 2,517,000
Depreciation of equipment 32,000 505,000 349,000 189,000 221,000
Stock-based compensation 86,000 1,041,000 929,000 588,000 674,000
Net financial expenses 51,000 6,551,000 1,808,000 115,000 166,000
Realized foreign exchange gain (loss) (12,000) 581,000 (7,000) 60,000 48,000
Deferred income tax recovery (129,000) (129,000)
Total adjustments (418,000) (40,566,000) (16,102,000) (7,332,000) (7,750,000)
Changes in working capital items (328,000) 8,090,000 3,583,000 1,120,000 792,000
Net cash used in operating activities (746,000) (32,476,000) (12,519,000) (6,212,000) (6,958,000)
Cash flows from (used in) investing activities:          
Interest received 4,000 384,000 70,000 146,000 150,000
Acquisition of equipment (24,000) (700,000) (455,000) (2,503,000) (2,527,000)
Acquisition of short-term investments (12,765,000) (12,765,000)
Acquisition of marketable securities (23,753,000) (26,000)
Maturity of short-term investments 22,030,000 22,030,000
Maturity of marketable securities 11,933,000
Net cash (used in) investing activities (20,000) (12,136,000) (411,000) 6,908,000 6,888,000
Cash flows from (used in) financing activities:          
Net proceeds from public offering (34,000) 57,892,000 11,065,000 5,044,000 5,010,000
Net proceeds from private placement (10,000) (40,000) 1,882,000 1,872,000
Proceeds from exercise of warrants 1,011,000 384,000
Share based payment 3,000
Interest paid (44,000) (3,000) (18,000) (18,000)
Net cash from (used in) financing activities (44,000) 58,862,000 11,406,000 6,908,000 6,864,000
Foreign exchange (loss) gain on cash and cash equivalents held in foreign currencies 9,000 48,000 (25,000) (58,000) (49,000)
Net increase (decrease) in cash and cash equivalents (801,000) 14,298,000 (1,549,000) 7,546,000 6,745,000
Cash and cash equivalents, beginning of period 10,573,000 8,223,000 9,772,000 3,027,000 3,027,000
Cash and cash equivalents, end of period 9,772,000 22,521,000 8,223,000 10,573,000 9,772,000
Cash 6,778,000 1,896,000 1,583,000 7,584,000 6,778,000
Cash equivalents $ 2,994,000 $ 20,625,000 $ 6,640,000 $ 2,989,000 $ 2,994,000