flooidCX (FLCX) 10-Q 15 Oct 19 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Aug. 31, 2019	Oct. 15, 2019
Document And Entity Information
Entity Registrant Name	flooidCX Corp.
Entity Central Index Key	0001609988
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--02-28
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Aug. 31, 2019
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		137,603,318

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Aug. 31, 2019	Feb. 28, 2019
ASSETS
Cash	$ 8,533	$ 5,517
Prepaid expenses and deposits	12,386	18,458
Total current assets	20,919	23,975
Property and equipment (Note 3)	22,141	25,009
Total Assets	43,060	48,984
Current Liabilities
Accounts payable and accrued liabilities	133,315	121,300
Loans payable (Note 4)	2,838,171	2,526,650
Due to related party (Note 5)	688,143	633,060
Total liabilities	3,659,629	3,281,010
Nature of Operations and Continuance of Business (Note 1)
Commitment (Note 9)
Subsequent Events (Note 10)
Stockholders' Deficit
Preferred stock, 20,000,000 shares authorized, $0.001 par value 1,000,000 shares issued and outstanding	1,000	1,000
Common stock, 300,000,000 shares authorized, $0.001 par value 136,353,318 shares issued and outstanding, respectively	136,603	136,353
Common stock issuable	10,000	10,000
Additional paid-in-capital	49,424,227	48,250,116
Accumulated other comprehensive income	253,035	255,023
Deficit	(53,441,434)	(51,884,518)
Total Stockholders' Deficit	(3,616,569)	(3,232,026)
Total Liabilities and Stockholders' Deficit	$ 43,060	$ 48,984

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Aug. 31, 2019	Feb. 28, 2019
Stockholders' deficiency
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	1,000,000	1,000,000
Preferred stock, shares outstanding	1,000,000	1,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	136,603,318	136,353,318
Common stock, shares outstanding	136,603,318	136,353,318

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2019	Aug. 31, 2018
EXPENSES
General and administrative (Note 5)	$ 158,030	$ 132,933	$ 387,559	$ 268,227
Research and development (Note 5)	312,630	321,217	1,169,357	637,024
Total expenses	470,660	454,150	1,556,916	905,251
Net loss for the year	(470,660)	(454,150)	(1,556,916)	(905,251)
Other comprehensive loss
Foreign currency translation loss	(58,659)	(19,932)	(1,988)	(52,244)
Comprehensive loss for the period	$ (529,319)	$ (474,082)	$ (1,558,904)	$ (957,495)
Net loss per share, basic and diluted			$ (0.01)	$ (0.01)
Weighted average number of shares outstanding	136,516,361	134,592,150	136,436,840	133,774,136

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders Deficit - USD ($)	Total	Preferred Stock [Member]	Common Stock [Member]	Common Stock Issuable [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income [Member]	Deficit [Member]
Balance, shares at Feb. 28, 2018		1,000,000	132,883,504
Balance, amount at Feb. 28, 2018	$ (2,948,694)	$ 1,000	$ 132,884	$ 11,249	$ 47,330,400	$ 146,124	$ (50,570,351)
Shares issued pursuant to share exchange agreement, shares			528,094
Share subscriptions received	375,000			1,071	373,929
Shares issued pursuant to share exchange agreement, amount			$ 528	(528)
Net Income (Loss)	(451,101)						(451,101)
Foreign exchange translation loss	33,982					33,982
Shares to be issued pursuant to settlement of accounts payable, amount	93,482			$ 435	93,047
Fair Value of stock options granted	$ 151,935				$ 151,935
Balance, shares at May. 31, 2018		1,000,000	133,411,598	1,000,000
Balance, amount at May. 31, 2018	$ (2,745,396)	$ 1,000	$ 133,412	$ 12,227	$ 47,949,311	$ 180,106	$ (51,021,452)
Balance, shares at Feb. 28, 2018		1,000,000	132,883,504
Balance, amount at Feb. 28, 2018	$ (2,948,694)	$ 1,000	$ 132,884	$ 11,249	$ 47,330,400	$ 146,124	$ (50,570,351)
Fair Value of stock options granted	$ 306,088
Balance, shares at Aug. 31, 2018		1,000,000	135,918,318
Balance, amount at Aug. 31, 2018	$ (2,777,131)	$ 1,000	$ 135,918	$ 10,435	$ 48,352,750	$ 198,368	$ (51,475,602)
Balance, shares at May. 31, 2018		1,000,000	133,411,598	1,000,000
Balance, amount at May. 31, 2018	$ (2,745,396)	$ 1,000	$ 133,412	$ 12,227	$ 47,949,311	$ 180,106	$ (51,021,452)
Net Income (Loss)	$ (454,150)						(454,150)
Shares issued for cash, shares			2,506,720
Foreign exchange translation loss	$ 18,262					18,262
Shares issued for cash, amount	250,000		$ 2,506	$ (1,792)	$ 249,286
Fair Value of options granted	$ 203,455				$ 203,455
Balance, shares at Aug. 31, 2018		1,000,000	135,918,318
Balance, amount at Aug. 31, 2018	$ (2,777,131)	$ 1,000	$ 135,918	$ 10,435	$ 48,352,750	$ 198,368	$ (51,475,602)
Share subscriptions received
Balance, shares at Feb. 28, 2019		1,000,000	136,353,318
Balance, amount at Feb. 28, 2019	$ (3,232,026)	$ 1,000	$ 136,353	$ 10,000	$ 48,250,116	$ 255,023	$ (51,884,518)
Share subscriptions received
Net Income (Loss)	(1,086,256)						$ (1,086,256)
Foreign exchange translation loss	56,671					56,671
Fair Value of options granted	$ 868,879				$ 868,879
Balance, shares at May. 31, 2019		1,000,000	136,353,318
Balance, amount at May. 31, 2019	$ (3,392,732)	$ 1,000	$ 136,353	$ 10,000	$ 49,118,995	$ 311,694	$ (52,970,774)
Balance, shares at Feb. 28, 2019		1,000,000	136,353,318
Balance, amount at Feb. 28, 2019	$ (3,232,026)	$ 1,000	$ 136,353	$ 10,000	$ 48,250,116	$ 255,023	$ (51,884,518)
Fair Value of stock options granted	$ 1,124,361
Balance, shares at Aug. 31, 2019		1,000,000	136,603,318
Balance, amount at Aug. 31, 2019	$ (3,616,569)	$ 1,000	$ 136,603	$ 10,000	$ 49,424,227	$ 253,035	$ (53,441,434)
Balance, shares at May. 31, 2019		1,000,000	136,353,318
Balance, amount at May. 31, 2019	$ (3,392,732)	$ 1,000	$ 136,353	$ 10,000	$ 49,118,995	$ 311,694	$ (52,970,774)
Net Income (Loss)	$ (470,660)						$ (470,660)
Shares issued for cash, shares			250,000
Foreign exchange translation loss	$ (58,659)					$ (58,659)
Shares issued for cash, amount	50,000		$ 250		49,750
Fair Value of options granted	$ 255,482				$ 255,482
Balance, shares at Aug. 31, 2019		1,000,000	136,603,318
Balance, amount at Aug. 31, 2019	$ (3,616,569)	$ 1,000	$ 136,603	$ 10,000	$ 49,424,227	$ 253,035	$ (53,441,434)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Condensed Consolidated Statements of Cash Flows
Net loss for the period	$ (1,556,916)	$ (905,251)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	4,069	6,915
Stock-based compensation	1,124,361	306,088
Changes in operating assets and liabilities:
Prepaid expenses and deposits	6,072	(3,206)
Accounts payable and accrued liabilities	12,015	18,705
Due to related party	55,083	(1,637)
Net Cash Used In Operating Activities	(355,316)	(578,386)
Investing Activities
Purchase of property and equipment	(1,447)	(4,901)
Net Cash Used in Investing Activities	(1,447)	(4,901)
Financing Activities
Proceeds from loans payable	335,770	51,992
Repayment of loans payable		(2,774)
Proceeds from issuance of common stock	50,000	625,000
Net Cash Provided by Financing Activities	385,770	674,218
Effect of Foreign Exchange Rate Changes on Cash	(25,991)	2,446
Change in Cash	3,016	93,377
Cash, Beginning of Period	5,517	24,079
Cash, End of Period	8,533	117,456
Supplemental Disclosures:
Interest paid
Income taxes paid

Nature of Operations and Contin

Nature of Operations and Continuance of Business	6 Months Ended
	Aug. 31, 2019
Nature of Operations and Continuance of Business
Note 1 - Nature of Operations and Continuance of Business	flooidCX Corp. (formerly Gripevine, Inc. and Baixo Relocation Services, Inc.) (the Company) was incorporated in the state of Nevada on January 7, 2014. The Company is in the business of developing and building an online resolution platform. On May 17, 2019, the Company and Resolution 1, Inc. (R1) and the shareholders of R1 who collectively own 100% of R1 entered into and consummated transactions pursuant to a Share Exchange Agreement, whereby the Company agreed to issue to the R1 shareholders an aggregate of 10,000,000 shares of its common stock in exchange for 100% of the equity interests of R1 held by the R1 shareholders. As a result of the share exchange, R1 became a wholly owned subsidiary of the Company As a result of the Share Exchange Agreement, the acquisition transaction was accounted for as a common control transaction in accordance with the Financial Accounting Standards Board (FASB) (Accounting Standard Codification (ASC) 805-50, Business Combinations Common control transactions). The Company evaluated the guidance contained in ASC 805-50 with respect to the combinations among entities or businesses under common control and concluded that since the majority shareholders of the Company and R1 are the same, this was a common control transaction and did not result in a change in control at the ultimate parent or the controlling shareholder level. Consequently, common control transactions are not accounted for at fair value. Rather, common control transactions are generally accounted for at the carrying amount of the net assets or equity interests transferred. Any differences between the proceeds received or transferred and the carrying amounts of the net assets are considered equity transactions that would be eliminated in consolidation, and no gain or loss would be recognized in the consolidated financial statements of the ultimate parent. As a result, the financial position and the results of operations of the Company and R1 were consolidated together as if they were operating as one entity from the beginning. These consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, creditors, and related parties, and the ability of the Company to obtain necessary equity financing to continue operations, and ultimately the attainment of profitable operations. As at August 31, 2019, the Company has a working capital deficit of $3,638,710 and has an accumulated deficit of $53,441,434 since inception. Furthermore, during the six months ended August 31, 2019, the Company used $355,316 in operating activities. These factors raise substantial doubt regarding the Companys ability to continue as a going concern. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Aug. 31, 2019
Significant Accounting Policies
Note 2 - Significant Accounting Policies	(a) Basis of Presentation These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S. dollars. These consolidated financial statements include the accounts of the Company and the following entities: MBE Holdings Inc. Wholly-owned subsidiary Resolution 1, Inc. Wholly-owned subsidiary All inter-company balances and transactions have been eliminated. (b) Interim Financial Statements The accompanying condensed consolidated financial statements of the Company should be read in conjunction with the consolidated financial statements and accompanying notes filed with the U.S. Securities and Exchange Commission in the Companys Annual Report on Form 10-K for the fiscal year ended February 28, 2019. In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Companys financial position and the results of its operations and its cash flows for the periods shown. The preparation of these condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. The results of operations and cash flows for the periods shown are not necessarily indicative of the results to be expected for the full year. (c) Reclassifications Certain of the prior period figures have been reclassified to conform to the current periods presentation. (d) Recent Accounting Pronouncements In February 2016, the FASB issued new lease accounting guidance in ASU No. 2016-02, Leases. This new guidance was initiated as a joint project with the International Accounting Standards Board to simplify lease accounting and improve the quality of and comparability of financial information for users. This new guidance would eliminate the concept of off-balance sheet treatment for operating leases for lessees for the vast majority of lease contracts. Under ASU No. 2016-02, at inception, a lessee must classify all leases with a term of over one year as either finance or operating, with both classifications resulting in the recognition of a defined right-of-use asset and a lease liability on the balance sheet. However, recognition in the income statement will differ depending on the lease classification, with finance leases recognizing the amortization of the right-of-use asset separate from the interest on the lease liability and operating leases recognizing a single total lease expense. Lessor accounting under ASU No. 2016-02 would be substantially unchanged from the previous lease requirements under GAAP. ASU No. 2016-02 will take effect for public companies in fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The adoption of this standard on March 1, 2019, did not have any impact on the Companys consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Changes to Disclosure Requirements for Fair Value Measurements, which will improve the effectiveness of disclosure requirements for recurring and nonrecurring fair value measurements. The standard removes, modifies, and adds certain disclosure requirements, and is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company will be evaluating the impact this standard will have on the Companys consolidated financial statements. The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Property and Equipment

Property and Equipment	6 Months Ended
	Aug. 31, 2019
Property and Equipment
Note 3 - Property and Equipment	As at August 31, 2019 $ As at February 28, 2019 $ Computer equipment 38,164 37,377 Furniture and equipment 37,023 37,067 Total 75,187 74,444 Less: Accumulated depreciation (53,046 ) (49,435 ) Net carrying value 22,141 25,009

Loans Payable

Loans Payable	6 Months Ended
	Aug. 31, 2019
Loans Payable
Note 4 - Loans Payable	As at August 31, 2019, the Company owed $2,838,171 (Cdn$3,773,348) (February 28, 2019 $2,526,650 (Cdn$3,326,587)) which is non-interest bearing, unsecured, and due on demand.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Aug. 31, 2019
Related Party Transactions
Note 5 - Related Party Transactions	a) As at August 31, 2019, the Company owed $688,143 (Cdn$914,866) (February 28, 2019 $636,060 (Cdn$833,486)) to the President of the Company which is unsecured, non-interest bearing, and due on demand. (b) During the six months ended August 31, 2019, the Company incurred $90,151 (2018 $92,500) in research and development fees to the President of the Company. (c) During the six months ended August 31, 2019, the Company incurred $18,820 (2018 $19,431) in research and development fees to the Chief Operating Officer of the Company. (d) During the six months ended August 31, 2019, the Company incurred $6,386 (2018 - $30,460) in administrative fees included in general and administrative to the office manager who is also the spouse of the President of the Company. (e) During the six months ended August 31, 2019, the Company recognized stock-based compensation of $1,011,226 (2018 - $104,024) to the President, spouse of the President, and Chief Operating Officer of the Company.

Common Stock

Common Stock	6 Months Ended
	Aug. 31, 2019
Common Stock
Note 6 - Common Stock	On July 2, 2019, the Company issued 250,000 shares of common stock at $0.20 per share for proceeds of $50,000

Share Purchase Warrants

Share Purchase Warrants	6 Months Ended
	Aug. 31, 2019
Share Purchase Warrants
Note 7 - Share Purchase Warrants	Number of warrants Weighted average exercise price $ Balance, February 28, 2019 and August 31, 2019 18,275,000 0.40 As at August 31, 2019, the following share purchase warrants were outstanding: Number of warrants outstanding Exercise price $ Expiry date 18,275,000 0.40 December 1, 2019

Stock Options

Stock Options	6 Months Ended
	Aug. 31, 2019
Stock Options
Note 8 - Stock Options	The following table summarizes the continuity of stock options: Number of options Weighted average exercise price $ Aggregate intrinsic value $ Balance, February 28, 2019 5,706,500 0.20 Granted 11,050,000 0.20 Balance, August 31, 2019 16,756,500 0.20 Additional information regarding stock options outstanding as at August 31, 2019 is as follows: Outstanding and exercisable Range of exercise prices $ Number of shares Weighted average remaining contractual life (years) Weighted average exercise price $ 0.20 16,756,500 5.5 0.20 The fair value of stock options granted was estimated using the Black-Scholes option pricing model assuming no expected dividends or forfeitures and the following weighted average assumptions: Six months ended August 31, 2019 Six months ended August 31, 2018 Risk-free interest rate 2.12 % 1.49 % Expected life (in years) 5 5 Expected volatility 245 % 290 % The fair value of stock options recognized during the six months ended August 31, 2019 was $1,124,361 (2018 - $306,088), which was recorded as additional paid-in capital and charged to operations. The weighted average fair value of stock options granted during the six months ended August 31, 2019 was $0.20 (2018 $0.20) per option.

Commitments

Commitments	6 Months Ended
	Aug. 31, 2019
Commitments
Note 9 - Commitments	The minimum lease payments over the remaining terms of the premises leases are as follows: Fiscal Year $ 2020 26,114

Subsequents Events

Subsequents Events	6 Months Ended
	Aug. 31, 2019
Subsequents Events
Note 10 - Subsequents Events	On September 26, 2019, the Company issued 1,000,000 common shares for proceeds of $50,000 pursuant to a private placement. On October 11, 2019, the Company entered into an agreement with a company who is to provide financial advisory and investment banking services to the Company for $5,000 per month for a period of six months. The monthly fee is payable in cash of in shares of the Company’s common stock, as determined by the Company. If paid in shares, they are to be valued using the volume-weighted average price of the shares for the five trading days immediately preceding each month fee payment due date. The Company is to issue 2,500,000 shares of common stock upon execution of the agreement and a further 2,500,000 shares of common stock upon an uplisting of the Company’s common stock to a national stock exchange. In addition, for any financing introduced by the financial advisor, the Company is to pay an 8% commission of the amount of capital raised, a fee of 1% of the amount of capital raised for unallocated expenses, and issue warrants to purchase shares of common stock equal to 8% of the number of shares of common stock issued in the financing. The warrants will be exercisable at a price equal to the price of the common stock issued to the investors in the financing and expire five years from the date of issuance.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Aug. 31, 2019
Significant Accounting Policies
Basis of Presentation	These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S. dollars. These consolidated financial statements include the accounts of the Company and the following entities: MBE Holdings Inc. Wholly-owned subsidiary Resolution 1, Inc. Wholly-owned subsidiary All inter-company balances and transactions have been eliminated.
Interim Financial Statements	The accompanying condensed consolidated financial statements of the Company should be read in conjunction with the consolidated financial statements and accompanying notes filed with the U.S. Securities and Exchange Commission in the Companys Annual Report on Form 10-K for the fiscal year ended February 28, 2019. In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Companys financial position and the results of its operations and its cash flows for the periods shown. The preparation of these condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. The results of operations and cash flows for the periods shown are not necessarily indicative of the results to be expected for the full year.
Reclassifications	Certain of the prior period figures have been reclassified to conform to the current periods presentation.
Recent Accounting Pronouncements	In February 2016, the FASB issued new lease accounting guidance in ASU No. 2016-02, Leases. This new guidance was initiated as a joint project with the International Accounting Standards Board to simplify lease accounting and improve the quality of and comparability of financial information for users. This new guidance would eliminate the concept of off-balance sheet treatment for operating leases for lessees for the vast majority of lease contracts. Under ASU No. 2016-02, at inception, a lessee must classify all leases with a term of over one year as either finance or operating, with both classifications resulting in the recognition of a defined right-of-use asset and a lease liability on the balance sheet. However, recognition in the income statement will differ depending on the lease classification, with finance leases recognizing the amortization of the right-of-use asset separate from the interest on the lease liability and operating leases recognizing a single total lease expense. Lessor accounting under ASU No. 2016-02 would be substantially unchanged from the previous lease requirements under GAAP. ASU No. 2016-02 will take effect for public companies in fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The adoption of this standard on March 1, 2019, did not have any impact on the Companys consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Changes to Disclosure Requirements for Fair Value Measurements, which will improve the effectiveness of disclosure requirements for recurring and nonrecurring fair value measurements. The standard removes, modifies, and adds certain disclosure requirements, and is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company will be evaluating the impact this standard will have on the Companys consolidated financial statements. The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Aug. 31, 2019
Property and Equipment (Tables)
Schedule Of Property and Equipment	As at August 31, 2019 $ As at February 28, 2019 $ Computer equipment 38,164 37,377 Furniture and equipment 37,023 37,067 Total 75,187 74,444 Less: Accumulated depreciation (53,046 ) (49,435 ) Net carrying value 22,141 25,009

Share Purchase Warrants (Tables

Share Purchase Warrants (Tables)	6 Months Ended
	Aug. 31, 2019
Share Purchase Warrants (Tables)
Schedule of Share Purchase Warrants	Number of warrants Weighted average exercise price $ Balance, February 28, 2019 and August 31, 2019 18,275,000 0.40 As at August 31, 2019, the following share purchase warrants were outstanding: Number of warrants outstanding Exercise price $ Expiry date 18,275,000 0.40 December 1, 2019

Stock Options (Tables)

Stock Options (Tables)	6 Months Ended
	Aug. 31, 2019
Stock Options (Tables)
Schedule of continuity of stock options	Number of options Weighted average exercise price $ Aggregate intrinsic value $ Balance, February 28, 2019 5,706,500 0.20 Granted 11,050,000 0.20 Balance, August 31, 2019 16,756,500 0.20
Schedule of stock options outstanding	Outstanding and exercisable Range of exercise prices $ Number of shares Weighted average remaining contractual life (years) Weighted average exercise price $ 0.20 16,756,500 5.5 0.20
Schedule of fair value of stock options	Six months ended August 31, 2019 Six months ended August 31, 2018 Risk-free interest rate 2.12 % 1.49 % Expected life (in years) 5 5 Expected volatility 245 % 290 %

Commitments (Tables)

Commitments (Tables)	6 Months Ended
	Aug. 31, 2019
Commitments (Tables)
Schedule of minimum lease payments	Fiscal Year $ 2020 26,114

Nature of Operations and Cont_2

Nature of Operations and Continuance of Business (Details Narrative) - USD ($)	6 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	May 17, 2019	Feb. 28, 2019
State of incorporation	Nevada
Date of incorporation	Jan. 7, 2014
Deficit	$ (53,441,434)			$ (51,884,518)
Net Cash Used In Operating Activities	(355,316)	$ (578,386)
working capital deficit	$ (638,710)
R1 [Member]
Entity interest			100.00%
Aggregate exchange common stock shares			10,000,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Aug. 31, 2019	Feb. 28, 2019
Property and Equipment (Details)
Computer equipment	$ 38,164	$ 37,377
Furniture and equipment	37,023	37,067
Total	75,187	74,444
Less: Accumulated depreciation	(53,046)	(49,435)
Net carrying value	$ 22,141	$ 25,009

Loans Payable (Details Narrativ

Loans Payable (Details Narrative) - USD ($)	Aug. 31, 2019	Feb. 28, 2019
Loans Payable (Details Narrative)
Loan payable	$ 2,838,171	$ 2,526,650

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2019	Aug. 31, 2018	Feb. 28, 2019
Research and development fees	$ 312,630	$ 321,217	$ 1,169,357	$ 637,024
Stock-based compensation			1,124,361	306,088
President [Member]
Due to related parties	$ 688,143		688,143		$ 636,060
Research and development fees			90,151	92,500
Chief Operating Officer [Member]
Research and development fees			18,820	19,431
Manager [Member]
Administrative fees			6,386	30,460
President and Chief Operating Officer [Member]
Stock-based compensation			$ 1,011,226	$ 104,024

Common Stock (Details Narrative

Common Stock (Details Narrative) - USD ($)	Jul. 02, 2019	Aug. 31, 2019	Aug. 31, 2018	Feb. 28, 2019
Common Stock
Common stock issued	250,000	136,603,318		136,353,318
Proceeds from common stock	$ 50,000	$ 50,000	$ 625,000
common stock price per share	$ .20

Share Purchase Warrants (Detail

Share Purchase Warrants (Details) - Warrant [Member] - USD ($)	Aug. 31, 2019	Feb. 28, 2019
Number of warrants	$ 18,275,000	$ 18,275,000
Weighted average exercise price	$ 0.40	$ 0.40

Share Purchase Warrants (Deta_2

Share Purchase Warrants (Details 1) - Warrant [Member] - USD ($)	6 Months Ended
	Aug. 31, 2019	Feb. 28, 2019
Number of warrants outstanding	$ 18,275,000	$ 18,275,000
Weighted average exercise price	$ 0.40	$ 0.40
Expiry date	December 1, 2019

Stock Options (Details )

Stock Options (Details )	6 Months Ended
	Aug. 31, 2019USD ($)$ / sharesshares
Number of options
Beginning balance, shares | shares	5,706,500
Granted | shares	11,050,000
Ending balance, shares | shares	16,756,500
Weighted average exercise price
Beginning balance | $ / shares	$ 0.20
Granted | $ / shares	0.20
Ending balance | $ / shares	$ 0.20
Aggregate intrinsic value
Aggregate intrinsic value | $

Stock Options (Details 1)

Stock Options (Details 1)	6 Months Ended
	Aug. 31, 2019$ / sharesshares
Stock Options (Details 1)
Range of exercise prices	$ 0.20
Outstanding, ending | shares	16,756,500
Weighted average remaining contractual life (years)	5 years 6 months
Weighted average exercise prices	$ 0.20

Stock Options (Details 2 )

Stock Options (Details 2 )	6 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Stock Options (Details 2 )
Risk-free interest rate	2.12%	1.49%
Expected life (in years)	5 years	5 years
Expected volatility	245.00%	290.00%

Stock Options (Details Narrativ

Stock Options (Details Narrative ) - USD ($)	3 Months Ended	6 Months Ended
	May 31, 2018	Aug. 31, 2019	Aug. 31, 2018
Stock Options (Details Narrative )
Fair value of stock options granted	$ 151,935	$ 1,124,361	$ 306,088
Weighted average exercise price		$ 0.20	$ 0.20

Commitments (Details)

Commitments (Details)	Aug. 31, 2019USD ($)
Fiscal Year
2020	$ 26,114

Subsequents Event (Details Narr

Subsequents Event (Details Narrative) - USD ($)	Oct. 11, 2019	Jul. 02, 2019	Sep. 26, 2019	Aug. 31, 2019	Aug. 31, 2018	Feb. 28, 2019
Proceeds from common stock		$ 50,000		$ 50,000	$ 625,000
Common stock issued		250,000		136,603,318		136,353,318
Subsequent Event [Member] | Private Placement [Member]
Proceeds from common stock			$ 50,000
Common stock issued	2,500,000		1,000,000
Investment banking services provided	$ 5,000
Commission	8.00%
Fees	1.00%