Quarterly report pursuant to Section 13 or 15(d)

Interim Condensed Consolidated Balance Sheets

v3.7.0.1
Interim Condensed Consolidated Balance Sheets
Apr. 30, 2017
USD ($)
Jan. 31, 2017
USD ($)
Current assets    
Cash $ 3,994,925 $ 879,014
Inventory, net of allowances of $375,784 (January 31, 2017: $375,784) 2,371,373 2,228,813
Related party advances receivable 143,613 0
Prepaid expenses and deposits 225,217 496,721
Total current assets 6,735,128 3,604,548
Intangible assets, net 80,875 80,875
TOTAL ASSETS 6,816,003 3,685,423
Current liabilities    
Accounts payable and accrued liabilities 693,515 1,761,367
Interest payable 13,463 7,279
Factored line of credit 71,410 302,776
Promissory notes payable 256,450 256,450
Total current liabilities 1,034,838 2,327,872
Deferred compensation 3,704 37,037
TOTAL LIABILITIES 1,038,542 2,364,909
STOCKHOLDERS' EQUITY    
Common stock Authorized 2,000,000 shares of blank check preferred stock, no par value 18,000,000 shares of common stock, par value $0.001 per share Issued and outstanding 10,342,191 shares of common stock (January 31, 2017: 6,560,964) 10,342 6,561
Common stock to be issued 14,141 1,670,003
Accumulated paid-in capital 66,126,858 56,829,778
Accumulated deficit (60,367,635) (57,179,583)
Accumulated other comprehensive loss (6,245) (6,245)
Total stockholders' equity 5,777,461 1,320,514
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,816,003 $ 3,685,423