v3.26.1
Psyence Labs Ltd. Investment and Investment in Associate (Tables)
12 Months Ended
Mar. 31, 2026
Psyence Labs Ltd. Investment and Investment in Associate [Abstract]  
Schedule of Carrying Amount of Investment

The initial carrying amount of the investment in associate is determined as follows:

 

Initial Carrying Amount

Description

  Shares   Amount 
Previously held interest – remeasured to fair value at Acquisition Date   3,000   $5,172,000 
Consideration transferred for additional shares acquired   2,900   $2,934,167 
Total – Investment in Associate at Acquisition Date   5,900   $8,106,167 

Carrying Amount

 

   Amount 
Investment in associate at Acquisition Date (February 25, 2026)  $8,106,167 
Share of associate net loss – February 25 to March 31, 2026  $(45,239)
Carrying amount at March 31, 2026  $8,060,928