v3.25.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash provided by (used in): OPERATING ACTIVITIES    
Net loss $ (42,992,724) $ (52,093,659)
Adjustments to reconcile net losses to net cash used in operating activities:    
Depreciation 172,425 261,747
Interest due from related parties loan (3,144)
Provision for legal claim (848,213) 9,921,298
Provision for contract settlement 1,252,076
Provision for losses on related party transactions 479,808 1,872,334
Accretion expense 203,918
Interest expense 1,953,499 348,441
Issuance of advisory Units and warrants for services 49,714 61,049
Share based payments 7,679,205 7,850,119
Changes in operating assets and liabilities:    
Accounts receivable 100,000 (65,000)
Contract assets and unbilled revenue (6,654) 98,359
Tax receivable (229,948) (170,149)
Prepaid expenses 158,287 648,326
Deferred financing costs (37,553) (80,993)
Legal claim payments (125,000)
Accounts payable and accrued liabilities (792,865) 1,615,703
Deferred revenue 100,000 (65,000)
Net cash used in operating activities (33,091,087) (29,593,507)
INVESTING ACTIVITIES    
Due from related parties (479,808) (1,070,582)
Investment in equipment (30,579) (185,155)
Net cash used in investing activities (510,387) (1,255,737)
FINANCING ACTIVITIES    
Deferred grant 67,732
Repayments of loans (2,007,106) (7,752)
Proceeds from issuance of promissory notes 2,000,000
Proceeds from issuance of equity instruments 2,951,695 9,839,457
Proceeds from issuance of Units 29,272,271 17,518,269
Private placement issuance costs (2,179,478) (1,697,576)
Proceeds from issuance of convertible debentures 10,000,000
Convertible debentures issuance costs (446,682)
Lease payments (113,978)
Net cash provided by financing activities 37,658,432 27,538,420
Foreign exchange effect on cash (132,779) (193,730)
Net change in cash during the year 3,924,179 (3,504,554)
Cash, beginning of the year 892,727 4,397,281
Cash, end of the year $ 4,816,906 $ 892,727