Quarterly report pursuant to Section 13 or 15(d)

Interim Condensed Consolidated Statements of Cash Flows

v3.7.0.1
Interim Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Cash flows from operating activities    
Net loss $ (3,188,052) $ (2,540,095)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for doubtful accounts 0 1,140
Provision for obsolete inventory 0 (15,000)
Depreciation and amortization 0 3,207
Stock based compensation 1,683,129 1,143,238
Amortization of deferred financing costs 0 6,764
Changes in operating assets and liabilities:    
Related party advances receivable (143,613) (10,490)
Prepaid expenses and deposits 271,504 868,768
Inventory (142,560) (837,141)
Accounts payable and accrued liabilities (413,215) (96,188)
Interest payable 6,184 (98)
Deferred costs 0 (50,000)
Deferred compensation (33,333) (33,333)
Net cash used in operating activities (1,959,956) (1,559,228)
Cash flows from financing activities    
Proceeds from share issuances, net 5,307,233 0
Repayments under factoring arrangements (231,366) (308,955)
Net cash provided by (used in) financing activities 5,075,867 (308,955)
Net increase (decrease) in cash 3,115,911 (1,868,183)
Cash at beginning of the period 879,014 4,780,994
Cash at end of the period 3,994,925 2,912,811
Cash paid during the period for:    
Interest 0 0
Income Taxes 0 0
Non-cash financing activities:    
Extinguishment of accounts payable with equity $ 654,637 $ 0