Right of Use Asset and Lease Liability (Tables)

12 Months Ended

Mar. 31, 2021

*Cost*		Right of Use Assets
Balance, March 31, 2019	$	-
Transition to IFRS 16		360,361
Additions		2,730,877
Derecognition on sub-lease		(360,361	)
Adjustment for change in variable payments based on rate or index		59,923
Balance, March 31, 2020	$	2,790,800
Additions (Note 6)		2,469,327
Foreign exchange		493,001
Balance, March 31, 2021	$	5,753,128

*Accumulated Depreciation*
Balance, March 31, 2019	$	-
Depreciation		(610,587	)
Derecognition on sub-lease		60,061
Balance, March 31, 2020	$	(550,526	)
Depreciation		(2,181,512	)
Foreign exchange		(42,806	)
Balance, March 31, 2021	$	(2,774,844	)

*Carrying Amount*
Balance, March 31, 2020	$	2,240,274
Balance, March 31, 2021	$	2,978,284

		Lease Liability
Balance, March 31, 2019	$	-
Transition to IFRS 16		360,361
Additions		2,730,877
Lease payments made		(762,908	)
Interest expense on lease liabilities		87,852
Adjustment for change in variable payments based on rate or index		(72,244	)
Balance, March 31, 2020	$	2,343,938
Additions (Note 6)		2,469,327
Lease payments made		(2,561,297	)
Interest expense on lease liabilities		236,600
Foreign exchange		575,271
		3,063,839
Less: current portion		(1,910,712	)
Balance, March 31, 2021	$	1,153,127

Lease Disclosures
Interest expense on lease liabilities	$	236,600
Income from sub-leasing	$	9,786
Total cash outflow for leases	$	2,561,297

Maturity Analysis - Undiscounted Contractual Payments
Less than 1 year	$	2,015,361
1 to 2 years	$	954,240
2 to 3 years	$	238,560
	$	3,208,161