v3.25.4
STOCKHOLDERS’ DEFICIENCY (Tables)
9 Months Ended
Dec. 31, 2025
Equity [Abstract]  
SCHEDULE OF SERIES B PREFERRED STOCK FOR MEZZANINE EQUITY

A roll-forward of activity is presented below for the nine months ended December 31, 2025:

 

  

December 31, 2025

  

March 31, 2025

 
   $   $ 
Balance beginning of period –   2,000,290    1,488,920 
Net proceeds received pursuant to the issuance of preferred shares   -    1,732,532 
Recognition of derivative liabilities   -    (649,533)
Redemption of convertible preferred shares   (114,326)   -  
Conversion into common shares   (171,488)   (571,629)
Balance end of period   1,714,476    2,000,290 
SCHEDULE OF WARRANTS OUTSTANDING

Warrant activity during the nine months ended December 31, 2025 is indicated below:

 

   Broker Warrants  

Consultant and

Noteholder Warrants

  

Warrants Issued on

Convertible Notes

   Total 
As at March 31, 2025   808,927    1,438,994    868,098    3,116,019 
Warrant Issuance during the period   

147,150

    -    -    147,150 
Warrant issuance during the period   147,150    -    -    147,150 
As at December 31, 2025   956,077    1,438,994    868,098    3,263,169 
                     
Exercise Price   $0.37 to $37.56    $0.43 to $14.40   $4.18      
Expiration Date   August 2026 to October 2033    March 2029 to Dec 2032    October 2027      
SCHEDULE OF FAIR VALUE OF OPTION GRANTED USING VALUATION ASSUMPTIONS

The fair value of each option granted is estimated at the time of grant using multi-nominal lattice model using the following assumptions, for each of the respective nine month periods ended December 31:

 

  

December 31,

2025

   

December 31,

2024

 
Exercise price ($)   0.430.43     0.2899 - 0.8997 
Risk free interest rate (%)   4.244.33     4.13% - 4.43%
Expected term (Years)   1.465.00     2.00 - 6.50 
Expected volatility (%)   113.9% - 142.2%    103.26% -128.43%
Expected dividend yield (%)   0     0.00 
Fair value of option ($)   1.0971.360     0.178-0.733 
Expected forfeiture (attrition) rate (%)   0     0.00