Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Accounts payable and accrued liabilities

v3.23.1
Accounts payable and accrued liabilities
 12 Months Ended
Mar. 31, 2023
Subclassifications of assets, liabilities and equities [abstract]  
Accounts payable and accrued liabilities

Note 12 — Accounts payable and accrued liabilities

 

 

As of March 31,

 

 

 

2023

 

 

2022

 

Accounts payable

 

 

159,908

 

 

 

846,474

 

Accrued bonuses

 

 

409,706

 

 

 

—

 

Accrued payroll taxes

 

 

14,000

 

 

 

—

 

Accrued liabilities

 

 

121,991

 

 

 

268,999

 

Current accounts payable and accrued liabilities

 

 

705,605

 

 

 

1,115,473

 

 

Amounts included in accounts payables

Accounts payable and accrued liabilities mainly consist of professional fees, legal fees, bonus accruals, and consulting services and to various vendors as of March 31, 2023 and 2022, respectively. During the year ended March 31, 2023, the Company settled an outstanding payable balance with a vendor wich resulted in a gain on debt extinguishment of $294,383.