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Interest and Other Finance Costs | 9 Months Ended
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Nov. 30, 2021
Interest and Other Finance Costs |
19. Interest and Other Finance Costs | 19. Interest and Other Finance Costs Interest and other finance costs for the three-month periods ended November 30, 2021 and 2020 are as follows:
|  | 2021 |  |  | 2020 |
Interest on long-term debt |  | $ | 32,718 |  |  | $ | 19,185 |
Accretion expense |  |  | 16,937 |  |  |  | 9,387 |
Loss (gain) on revaluation of foreign exchange contracts |  |  | - |  |  |  | (70,427 | )
|  | $ | 49,655 |  |  | $ | (41,855 | )
Interest and other finance costs for the nine-month periods ended November 30, 2021 and 2020 are as follows:
|  | 2021 |  |  | 2020 |
Interest on long-term debt |  | $ | 74,832 |  |  | $ | 57,917 |
Accretion expense |  |  | 38,512 |  |  |  | 27,044 |
Loss (gain) on revaluation of foreign exchange contracts |  |  | - |  |  |  | (58,945 | )
|  | $ | 113,344 |  |  | $ | 26,016 |
There were no foreign exchange contracts outstanding as of November 30, 2021.

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