Right of Use Asset and Lease Liability

12 Months Ended

Mar. 31, 2022

Disclosure of quantitative information about leases for lessee [Abstract]

Right of Use Asset and Lease Liability [Text Block]

17. Right of Use Asset and Lease Liability

During the year ended March 31, 2022, the Company recognized interest expense on the lease liability of $407,349 (March 31, 2021 - $236,600) which was recorded within finance expense.

*Cost*		Right of Use Assets
Balance, March 31, 2020	$	2,790,800
Additions (Note 6)		2,469,327
Foreign exchange		493,001
Balance, March 31, 2021	$	5,753,128
Additions		12,458,260
Foreign exchange		(452,937	)
Balance, March 31, 2022	$	17,758,451

*Accumulated Depreciation*
Balance, March 31, 2020	$	(550,526	)
Depreciation		(2,181,512	)
Foreign exchange		(42,806	)
Balance, March 31, 2021	$	(2,774,844	)
Depreciation		(2,408,622	)
Foreign exchange		12,897
Balance, March 31, 2022	$	(5,170,569	)

*Carrying Amount*
Balance, March 31, 2021	$	2,978,284
Balance, March 31, 2022	$	12,587,882

		Lease Liability
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
Balance, March 31, 2021	$	3,063,839
Lease payments made		(2,807,457	)
Additions		12,458,260
Interest expense on lease liabilities		407,349
Foreign exchange		(472,797	)
		12,649,194
Less: current portion		(2,164,658	)
Balance, March 31, 2022	$	10,484,536

Lease Disclosures
Interest expense on lease liabilities	$	407,349
Total cash outflow for leases	$	2,807,457

Maturity Analysis - Undiscounted Contractual Payments
Less than 1 year	$	2,774,087
1 to 2 years		2,760,012
2 to 3 years		2,775,136
3 to 4 years		2,764,260
4 to 5 years		2,046,470
5 to 6 years		1,068,401
Beyond 6 years		267,100
	$	14,455,466