flooidCX (FLCX) 10-Q 17 Jan 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Nov. 30, 2019	Jan. 17, 2020
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	Nov. 30, 2019
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		147,103,318
EntityFileNumber	000-55965
EntityAddressAddressLine1	1282A Cornwall Road
EntityAddressAddressLine2	Oakville, Ontario
EntityAddressPostalZipCode	L6J7W5
EntityTaxIdentificationNumber	352511643
EntityAddressCityOrTown	Ontario
LocalPhoneNumber	5356643
CityAreaCode	855
EntityAddressStateOrProvince	CANADA (FEDERAL LEVEL)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Nov. 30, 2019	Feb. 28, 2019
ASSETS
Cash	$ 90,709	$ 5,517
Prepaid expenses and deposits	9,389	18,458
Total Current Assets	100,098	23,975
Property and equipment (Note 3)	20,285	25,009
Total Assets	120,383	48,984
Current Liabilities
Accounts payable and accrued liabilities	128,868	121,300
Deferred revenue	15,000
Loans payable (Note 4)	2,694,314	2,526,650
Due to related party (Note 5)	738,994	633,060
Total Liabilities	3,577,176	3,281,010
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 147,103,318 and 136,603,318 shares issued and outstanding, respectively	147,103	136,353
Common stock issuable	10,000	10,000
Additional paid-in capital	50,284,331	48,250,116
Accumulated other comprehensive income	249,935	255,023
Deficit	(54,149,162)	(51,884,518)
Total Stockholders' Deficit	(3,456,793)	(3,232,026)
Total Liabilities and Stockholders' Deficit	$ 120,383	$ 48,984

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Nov. 30, 2019	Feb. 28, 2019
Stockholders' Deficit
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares issued	1,000,000	1,000,000
Preferred stock, shares outstanding	1,000,000	1,000,000
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares issued	147,103,318	136,603,318
Common stock, shares outstanding	147,103,318	136,603,318

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2019	Nov. 30, 2018	Nov. 30, 2019	Nov. 30, 2018
Expenses
General and administrative (Note 5)	$ 346,650	$ 117,636	$ 730,209	$ 385,863
Research and development (Note 5)	316,078	158,640	1,485,435	795,664
Total expenses	658,728	276,276	2,215,644	1,181,527
Loss before other expense	(658,728)	(276,276)	(2,215,644)	(1,181,527)
Other expense
Loss on settlement of debt (Note 6)	(49,000)		(49,000)
Net loss for the period	(707,728)	(276,276)	(2,264,644)	(1,181,527)
Other comprehensive loss
Foreign currency translation loss	(3,100)	(55,688)	(5,088)	(107,932)
Comprehensive loss for the period	$ (710,828)	$ (331,964)	$ (2,269,732)	$ (1,289,459)
Net loss per share, basic and diluted	$ (0.01)		$ (0.02)	$ (0.01)
Weighted average number of shares outstanding	140,213,208	136,353,318	137,685,136	134,776,302

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders Deficit (unaudited) - 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
Shares issued pursuant to share exchange agreement,Amount			$ 528	$ (528)
Shares to be issued pursuant to settlement of accounts payable	93,428			435	93,047
Share subscriptions received	375,000			1,071	373,929
Fair value of stock options granted	151,935				151,935
Foreign exchange translation gain	33,982					33,982
Net Income (Loss)	$ (451,101)						$ (451,101)
Balance, shares at May. 31, 2018		1,000,000	133,411,598
Balance, amount at May. 31, 2018	$ (2,745,396)	$ 1,000	$ 133,412	$ 12,227	$ 47,949,311	$ 180,106	$ (51,021,452)
Fair value of stock options granted	154,153				154,153
Foreign exchange translation gain	18,262					18,262
Net Income (Loss)	$ (454,150)						$ (454,150)
Shares issued for cash, shares			2,506,720
Shares issued for cash, amount	$ 250,000		$ 2,506	$ (1,792)	$ 249,286
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)
Fair value of stock options granted	17,316				17,316
Foreign exchange translation gain	61,446					61,446
Net Income (Loss)	(276,276)						(276,276)
Shares issued pursuant to settlement of accounts payable, shares			435,000
Shares issued pursuant to settlement of accounts payable, amount			$ 435	$ (435)
Balance, shares at Nov. 30, 2018		1,000,000	136,353,318
Balance, amount at Nov. 30, 2018	$ (2,974,645)	$ 1,000	$ 136,353	$ 10,000	$ 48,370,066	$ 259,814	$ (51,751,878)
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	868,879				868,879
Foreign exchange translation gain	56,671					56,671
Net Income (Loss)	$ (1,086,256)						$ (1,086,256)
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)
Fair value of stock options granted	255,482				255,482
Net Income (Loss)	(470,660)						(470,660)
Shares issued for cash, shares			250,000
Shares issued for cash, amount	50,000		$ 250		$ 49,750
Foreign exchange translation loss	$ (58,659)					$ (58,659)
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)
Fair value of stock options granted	249,104				249,104
Net Income (Loss)	$ (707,728)						$ (707,728)
Shares issued for cash, shares			4,500,000
Shares issued for cash, amount	$ 225,000		$ 4,500		$ 220,500
Foreign exchange translation loss	$ (3,100)					$ (3,100)
Fair value of shares issued for services, shares			2,500,000
Fair value of shares issued for services, amount	$ 172,500		$ 2,500		$ 170,000
Fair value of shares issued pursuant to settlement of loans payable,shares			3,500,000
Fair value of shares issued pursuant to settlement of loans payable, amount	$ 224,000		$ 3,500		$ 220,500
Balance, shares at Nov. 30, 2019		1,000,000	147,103,318
Balance, amount at Nov. 30, 2019	$ (3,456,793)	$ 1,000	$ 147,103	$ 10,000	$ 50,284,331	$ 249,935	$ (54,149,162)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)	9 Months Ended
	Nov. 30, 2019	Nov. 30, 2018
Operating Activities
Net loss for the period	$ (2,264,644)	$ (1,181,527)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	5,945	9,545
Loss on settlement of debt	49,000
Shares issued for services	172,500
Stock-based compensation	1,373,465	323,404
Changes in operating assets and liabilities:
Prepaid expenses and deposits	9,069	(5,227)
Accounts payable and accrued liabilities	7,568	5,144
Deferred revenue	15,000
Due to related party	105,934	(868)
Net Cash Used In Operating Activities	(526,163)	(849,529)
Investing Activities
Purchase of property and equipment	(1,450)	(5,616)
Net Cash Used in Investing Activities	(1,450)	(5,616)
Financing Activities
Proceeds from loans payable	364,907	215,938
Repayment of loans payable		(5,446)
Proceeds from issuance of common stock	275,000	625,000
Net Cash Provided by Financing Activities	639,907	835,492
Effect of Foreign Exchange Rate Changes on Cash	(27,102)	6,914
Change in Cash	85,192	(12,739)
Cash, Beginning of Period	5,517	24,079
Cash, End of Period	90,709	11,340
Non-cash Investing and Financing Activities:
Shares issued to settle loans payable	224,000
Shares issued to settle accounts payable		93,482
Supplemental Disclosures:
Interest paid
Income taxes paid

Nature of Operations and Contin

Nature of Operations and Continuance of Business	9 Months Ended
	Nov. 30, 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 November 30, 2019, the Company has a working capital deficit of $3,477,078 and has an accumulated deficit of $54,149,162 since inception. Furthermore, during the nine months ended November 30, 2019, the Company used $526,163 in operating activities. These factors raise substantial doubt regarding the Company’s 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	9 Months Ended
	Nov. 30, 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 (effective November 30, 2019, this subsidiary was amalgamated with the Company) All inter-company balances and transactions have been eliminated. (b) Reclassifications Certain of the prior period figures have been reclassified to conform to the current period’s presentation. (c) 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 Company’s 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 Company’s 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. (d) Revenue Recognition The Company will derive revenue from developing and building online resolution platforms. Under ASC 606, “ Revenue from Contracts with Customers” (e) 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 Company’s 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 Company’s 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	9 Months Ended
	Nov. 30, 2019
Property and Equipment
Note 3 - Property and Equipment	As at November 30, 2019 $ As at February 28, 2019 $ Computer equipment 37,040 37,377 Furniture and equipment 38,181 37,067 Total 75,221 74,444 Less: Accumulated depreciation (54,936 ) (49,435 ) Net carrying value 20,285 25,009

Loans Payable

Loans Payable	9 Months Ended
	Nov. 30, 2019
Loans Payable
Note 4 - Loans Payable	As at November 30, 2019, the Company owed $2,694,314 (Cdn$3,580,474) (February 28, 2019 – $2,526,650 (Cdn$3,326,587)) which is non-interest bearing, unsecured, and due on demand. Refer to Notes 6(c) and (d).

Related Party Transactions

Related Party Transactions	9 Months Ended
	Nov. 30, 2019
Related Party Transactions
Note 5 - Related Party Transactions	(a) As at November 30, 2019, the Company owed $738,994 (Cdn$982,050) (February 28, 2019 – $633,060 (Cdn$833,486)) to the President of the Company which is unsecured, non-interest bearing, and due on demand. (b) During the nine months ended November 30, 2019, the Company incurred $135,522 (2018 – $138,378) in research and development fees to the President of the Company. (c) During the nine months ended November 30, 2019, the Company incurred $28,272 (2018 – $28,991) in research and development fees to the Chief Operating Officer of the Company. (d) During the nine months ended November 30, 2019, the Company incurred $6,400 (2018 - $35,388) 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 nine months ended November 30, 2019, the Company recognized stock-based compensation of $1,236,760 (2018 - $104,024) to the President, spouse of the President, and Chief Operating Officer of the Company.

Common Stock

Common Stock	9 Months Ended
	Nov. 30, 2019
Common Stock
Note 6 - Common Stock	(a) During the three months ended November 30, 2019, the Company issued 4,500,000 shares of common stock at $0.05 per share for proceeds of $225,000. (b) On October 11, 2019, the Company issued 2,500,000 shares of common stock with a fair value of $172,500 for financial advisory and investment bank services to be provided. Refer to Note 9 (b). (c) On November 4, 2019, the Company issued 1,500,000 shares of common stock with a fair value of $96,000 to settle a loan payable $75,000, resulting in a loss of $21,000. The fair value of the common stock was determined based on the closing price of the Company’s common stock on the date of issuance. (d) On November 4, 2019, the Company issued 2,000,000 shares of common stock with a fair value of $128,000 to settle a loan payable of $100,000, resulting in a loss of $28,000. The fair value of the common stock was determined based on the closing price of the Company’s common stock on the date of issuance.

Share Purchase Warrants

Share Purchase Warrants	9 Months Ended
	Nov. 30, 2019
Share Purchase Warrants
Note 7 - Share Purchase Warrants	Number of warrants Weighted average exercise price $ Balance, February 28, 2019 and November 30, 2019 18,275,000 0.40 As at November 30, 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	9 Months Ended
	Nov. 30, 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, November 30, 2019 16,756,500 0.20 – Additional information regarding stock options outstanding as at November 30, 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 5.25 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: Nine months ended November 30, 2019 Nine months ended November 30, 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 nine months ended November 30, 2019 was $1,373,465 (2018 - $323,404), which was recorded as additional paid-in capital and charged to operations. The weighted average fair value of stock options granted during the nine months ended November 30, 2019 was $0.20 (2018 – $0.20) per option.

Commitments

Commitments	9 Months Ended
	Nov. 30, 2019
Commitments
Note 9 - Commitments	(a) The minimum lease payments over the remaining terms of the premises leases are as follows: Fiscal Year $ 2020 6,543 (b) On October 7, 2019, the Company entered into an agreement with a company who is to provide general financial advisory and investment banking services to the Company. The Company is to pay this company $5,000 per month for a period of six months. The monthly fee can be paid in cash or in shares at the Company’s option. If paid in shares of common stock of the Company, the shares shall be valued using the volume-weighted average price of the shares for the five trading days immediately preceding each monthly fee payment due date. The Company is to issue 2,500,000 shares of common of stock upon execution of the agreement (issued) and 2,500,000 shares of common stock upon an uplisting of the Company’s common stock to a national exchange. For any financing, the Company will pay this company a commission of 8% of financing raised, a cash fee for unallocated expenses of 1% of the amount of financing raised, and issue agent’s warrants equal to 8% of the number of shares of common stock underlying the securities issued in the financing. Each agent’s warrant will be exercisable at an exercise price equal to the price of the securities issued to the investors in the financing expiring five years from the date of issuance.

Subsequents Events

Subsequents Events	9 Months Ended
	Nov. 30, 2019
Subsequents Events
Note 10 - Subsequents Events	On December 23, 2019, the Company issued 1,500,000 shares of common stock for proceeds of $75,000.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Nov. 30, 2019
Significant Accounting Policies (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 (effective November 30, 2019, this subsidiary was amalgamated with the Company) All inter-company balances and transactions have been eliminated.
Reclassifications	Certain of the prior period figures have been reclassified to conform to the current period’s presentation.
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 Company’s 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 Company’s 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.
Revenue Recognition	The Company will derive revenue from developing and building online resolution platforms. Under ASC 606, “ Revenue from Contracts with Customers”
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 Company’s 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 Company’s 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)	9 Months Ended
	Nov. 30, 2019
Property and Equipment (Tables)
Schedule Of Property and Equipment	As at November 30, 2019 $ As at February 28, 2019 $ Computer equipment 37,040 37,377 Furniture and equipment 38,181 37,067 Total 75,221 74,444 Less: Accumulated depreciation (54,936 ) (49,435 ) Net carrying value 20,285 25,009

Share Purchase Warrants (Tables

Share Purchase Warrants (Tables)	9 Months Ended
	Nov. 30, 2019
Share Purchase Warrants (Tables)
Schedule of Share Purchase Warrants	Number of warrants Weighted average exercise price $ Balance, February 28, 2019 and November 30, 2019 18,275,000 0.40 As at November 30, 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)	9 Months Ended
	Nov. 30, 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, November 30, 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 5.25 0.20
Schedule of fair value of stock options	Nine months ended November 30, 2019 Nine months ended November 30, 2018 Risk-free interest rate 2.12 % 1.49 % Expected life (in years) 5 5 Expected volatility 245 % 290 %

Commitments (Tables)

Commitments (Tables)	9 Months Ended
	Nov. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of minimum lease payments	Fiscal Year $ 2020 6,543

Nature of Operations and Cont_2

Nature of Operations and Continuance of Business (Details Narrative) - USD ($)	9 Months Ended
	Nov. 30, 2019	Nov. 30, 2018	May 17, 2019	Feb. 28, 2019
State of incorporation	Nevada
Date of incorporation	Jan. 7, 2014
Accumulated deficit	$ (54,149,162)			$ (51,884,518)
Net Cash Used In Operating Activities	(526,163)	$ (849,529)
working capital deficit	$ (3,477,078)
R1 [Member]
Entity interest			100.00%
Aggregate exchange common stock shares			10,000,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Nov. 30, 2019	Feb. 28, 2019
Less: Accumulated depreciation	$ (54,936)	$ (49,435)
Net carrying value	20,285	25,009
Total [Member]
Property and Equipment	75,221	74,444
Furniture And Equipment [Member]
Property and Equipment	38,181	37,067
Computer Equipment [Member]
Property and Equipment	$ 37,040	$ 37,377

Loans Payable (Details Narrativ

Loans Payable (Details Narrative) - USD ($)	Nov. 30, 2019	Feb. 28, 2019
Loans Payable (Details Narrative)
Loan payable	$ 2,694,314	$ 2,526,650

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2019	Nov. 30, 2018	Nov. 30, 2019	Nov. 30, 2018	Feb. 28, 2019
Research and development fees	$ 316,078	$ 158,640	$ 1,485,435	$ 795,664
Stock-based compensation			1,373,465	$ 323,404
President [Member]
Due to related parties	$ 738,994		738,994		$ 633,060
Research and development fees			135,522
Chief Operating Officer [Member]
Research and development fees			28,272
Manager [Member]
Administrative fees			6,400
President and Chief Operating Officer [Member]
Stock-based compensation			$ 1,236,760

Common Stock (Details Narrative

Common Stock (Details Narrative) - USD ($)	Nov. 04, 2019	Oct. 11, 2019	Dec. 23, 2019	Nov. 30, 2019	Nov. 30, 2018	Nov. 30, 2019	Nov. 30, 2018	Feb. 28, 2019
Common stock issued				4,500,000
common stock price per share				$ 0.05		$ 0.05
Proceeds from common stock			$ 75,000	$ 225,000		$ 275,000	$ 625,000
Common stock issued, settlement of loan			1,500,000	147,103,318		147,103,318		136,603,318
Loss on settlement of debt				$ (49,000)		$ (49,000)
Private Placement [Member] | Financial advisory agreement [Member]
Common stock issued, settlement of loan		2,500,000
Fair value of shares issued		$ 172,500
Loan Payable Settlement 2 [Member]
Common stock issued, settlement of loan	2,000,000
Fair value of shares issued		$ 128,000
Loan payable		$ 100,000
Loss on settlement of debt	$ 28,000
Loan payable settlement 1 [Member]
Common stock issued, settlement of loan	1,500,000
Fair value of shares issued		$ 96,000
Loan payable		$ 75,000
Loss on settlement of debt	$ 21,000

Share Purchase Warrants (Detail

Share Purchase Warrants (Details) - $ / shares	9 Months Ended
	Nov. 30, 2019	Feb. 28, 2019
Number of warrants	16,756,500
Weighted average exercise price	$ 0.20
Warrant [Member]
Number of warrants	18,275,000	18,275,000
Expiry date	December 1, 2019
Weighted average exercise price	$ 0.40	$ 0.40

Stock Options (Details )

Stock Options (Details )	9 Months Ended
	Nov. 30, 2019USD ($)$ / sharesshares
Number of options
Beginning balance, shares | shares	5,706,500
Granted | shares	11,050,000
Ending balance, shares | shares	16,756,500
Number of shares outstanding, ending
Beginning balance | $ / shares	$ 0.20
Granted | $ / shares	0.20
Ending balance | $ / shares	$ 0.20
Aggregate intrinsic value
Aggregate intrinsic value, beginning balance | $
Granted | $
Aggregate intrinsic value, ending balance | $

Stock Options (Details 1)

Stock Options (Details 1)	9 Months Ended
	Nov. 30, 2019$ / sharesshares
Stock Options (Details )
Range of exercise prices	$ 0.20
Number of shares | shares	16,756,500
Outstanding and exercisable
Weighted average remaining contractual life (years)	5 years 6 months
Weighted average exercise prices	$ 0.20

Stock Options (Details 2 )

Stock Options (Details 2 )	9 Months Ended
	Nov. 30, 2019	Nov. 30, 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 ($)	9 Months Ended
	Nov. 30, 2019	Nov. 30, 2018
Stock Options (Details Narrative )
Fair value of stock options granted	$ 1,373,465	$ 323,404
Weighted average exercise price	$ 0.20	$ 0.20

Commitments (Details)

Commitments (Details)	Nov. 30, 2019USD ($)
Fiscal Year
2020	$ 6,543

Commitment (Details Narrative)

Commitment (Details Narrative) - USD ($)	Oct. 11, 2019	Oct. 07, 2019	Nov. 30, 2019	Dec. 23, 2019	Feb. 28, 2019
Common stock issued			147,103,318	1,500,000	136,603,318
Private Placement [Member] | Financial advisory agreement [Member]
Fair value of shares issued	$ 172,500
Common stock issued	2,500,000
Investment banking services provided (monthly)		$ 5,000
Commission		8.00%
Fees		1.00%
Private placement description			On October 7, 2019, the Company entered into an agreement with a company who is to provide general financial advisory and investment banking services to the Company. The Company is to pay this company $5,000 per month for a period of six months. The monthly fee can be paid in cash or in shares at the Company’s option. If paid in shares of common stock of the Company, the shares shall be valued using the volume-weighted average price of the shares for the five trading days immediately preceding each monthly fee payment due date

Subsequents Event (Details Narr

Subsequents Event (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended
	Dec. 23, 2019	Nov. 30, 2019	Nov. 30, 2019	Nov. 30, 2018	Feb. 28, 2019
Subsequent Events [Abstract]
Proceeds from common stock	$ 75,000	$ 225,000	$ 275,000	$ 625,000
Common stock issued	1,500,000	147,103,318	147,103,318		136,603,318