v3.22.4
LongTerm Debt (Tables)
9 Months Ended
Nov. 30, 2022
Interest and Other Finance Costs  
Long-term Debt

 

 

November 30,

2022

 

 

February 28,

2022

 

Investissement Québec financing facility:

 

 

 

 

 

 

Principal amount

 

$3,405,389

 

 

$3,622,618

 

Unamortized discount

 

 

(280,473)

 

 

(352,038)

Accrued interest

 

 

164,206

 

 

 

107,823

 

Total Investissement Québec financing facility

 

 

3,289,122

 

 

 

3,378,403

 

Less: current portion of long-term debt

 

 

(46,891)

 

 

-

 

Long-term debt, net of current portion

 

$3,242,231

 

 

$3,378,403

 

Principal Repayments

Years ending

 

Amount

 

February 28, 2023

 

$-

 

February 29, 2024

 

 

37,018

 

February 28, 2025

 

 

561,392

 

February 28, 2026

 

 

561,392

 

February 28, 2027

 

 

561,392

 

Thereafter

 

 

1,684,195

 

Total

 

$3,405,389