A reconciliation of convertible debenture is as follows:
SCHEDULE OF RECONCILIATION OF
CONVERTIBLE DEBENTURE
| | |
March 31, 2025 | | |
March 31, 2024 | |
| Balance, beginning of the year | |
$ | - | | |
$ | 4,905,334 | |
| Issuance | |
| 10,000,000 | | |
| - | |
| Accretion expense | |
| - | | |
| 203,918 | |
| Interest expense | |
| 1,941,743 | | |
| 338,011 | |
| Issuance costs | |
| (446,682 | ) | |
| - | |
| Foreign exchange effect on convertible debenture | |
| (368,197 | ) | |
| 154,109 | |
| Converted into Subordinate Voting Shares (1) | |
| (11,126,864 | ) | |
| (5,601,372 | ) |
| Balance, end of the year | |
$ | - | | |
$ | - | |
|