Short-Term Investments and Amounts in Escrow

12 Months Ended

Mar. 31, 2021

Disclosure Text Block Supplement [Abstract]

Short-term Investments and amounts in escrow

3. Short-term Investments and amounts in escrow

At March 31, 2021, the Company has a $60,408 (CAD $75,938) (March 31, 2020 – $53,106 (CAD $75,000) Guaranteed Investment Certificate (“GIC”) held as security against a corporate credit card. The GIC bears interest at 0.5% per annum and matures on December 13, 2021.

At March 31, 2021, the Company has $915,779 (RMB 6,000,000) (March 31, 2020 – nil) in short term investment.

At March 31, 2021, the Company’s solicitor is holding $150,541 (March 31, 2020 – $664,994) relating to proceeds under customer contracts to be released upon satisfying performance obligations.