v3.24.2.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:      
Net Loss $ (6,739,120) $ (5,457,763) $ (1,749,870)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 54,870    
Amortization of right-to-use assets 48,229    
Impairment of intangible asset 390,355    
Accretion expense 30,003    
Stock-based compensation 1,011,973 1,734,601  
Stock issued for services   20,000 290,364
Gain on debt extinguishment (12,465) (294,383) (5,596)
Other expense 85,500   5,985
Foreign currency translation (gain) loss 3,668 111 5,657
Net changes in operating assets & liabilities:      
Accounts receivable     928
Prepaid expenses and deposits (231,307) (275,476) 2,185
Inventories (60,383) 20,951 121
VAT receivable (217,843)    
Deferred revenue (38,250) 38,250  
Accounts payable and accrued liabilities (572,246) 33,942 641,156
Net cash used in operating activities (6,247,016) (4,179,767) (809,070)
Cash flows from investing activities:      
Investment - internally developed software (211,952) (178,403)  
Purchase of property, plant & equipment (952,497)    
Net cash used in investing activities (1,164,449) (178,403)  
Cash flows from financing activities:      
Lease payments (56,366)    
Proceeds from (payments to) related parties (18,296) (111,645) 193,592
Proceeds from shares issuance for cash 234 13,654,347 519,613
Proceeds from warrant exercise 1,872,505    
Proceeds from note payable   487,500 100,000
Payments on note payable (149,906) (341,250)  
Net cash provided by financing activities 1,648,171 13,688,952 813,205
Net change in cash (5,763,294) 9,330,782 4,135
Cash at beginning of year 9,352,538 21,756 17,621
Cash at end of year 3,589,244 9,352,538 21,756
Supplemental disclosure of cash flow information      
Interest 6,104 15,468  
Supplemental disclosure of non-cash investing and financing activities:      
Addition of Right-of-use assets $ 254,319    
Shares issued for conversion of convertible debt     99,999
Shares issued for settlement of related party payable   $ 149,433 $ 452,861

Source

PDF HTML 20-F Filing
ZIP XLS HTML XBRL