| SCHEDULE OF FINANCIAL INSTRUMENTS |
SCHEDULE
OF FINANCIAL INSTRUMENTS
| | |
As of
January 4, 2023 | |
| | |
| |
| Derivative liabilities – Fair value of the Warrants | |
$ | 3,858,521 | |
| Derivative liabilities – Embedded conversion feature | |
| 1,247,500 | |
| Convertible Note | |
| 9,893,979 | |
| | |
$ | 15,000,000 | |
|
| SCHEDULE OF CONVERTIBLE NOTES OBLIGATION |
The
movement of the Company’s convertible notes obligations were as the following for the year ended March 31, 2026 and 2025:
SCHEDULE
OF CONVERTIBLE NOTES OBLIGATION
| | |
2026 | | |
2025 | |
| | |
Year ended March 31, | |
| | |
2026 | | |
2025 | |
| Carrying value – beginning balance | |
$ | 2,900,160 | | |
$ | 2,684,697 | |
| Converted to Common Stock | |
| (3,054,240 | ) | |
| (82,642 | ) |
| Redemption | |
| (400,756 | ) | |
| (544,706 | ) |
| Amortization of debt discount | |
| 484,732 | | |
| 823,058 | |
| Deferred debt discount and cost of issuance | |
| - | | |
| (250,061 | ) |
| Interest charge | |
| 70,104 | | |
| 269,814 | |
| Carrying value – ending balance | |
$ | Nil | | |
$ | 2,900,160 | |
|
| SCHEDULE OF DERIVATIVE LIABILITIES |
The
Company’s derivative liabilities were as the following for the year ended March 31, 2026 and 2025:
SCHEDULE OF DERIVATIVE LIABILITIES
| | |
2026 | | |
2025 | |
| | |
Year ended March 31, | |
| | |
2026 | | |
2025 | |
| Derivative liabilities –Warrants | |
$ | | | |
$ | | |
| Beginning balance | |
| 989,852 | | |
| 251,657 | |
| Marked to the market | |
| 3,511,210 | | |
| 738,195 | |
| Ending fair value | |
| 4,501,062 | | |
| 989,852 | |
| | |
| | | |
| | |
| Derivative liabilities – Embedded conversion feature | |
| | | |
| | |
| Beginning balance | |
| 1,782,498 | | |
| 36,298 | |
| Converted to Common Stock | |
| (1,589,352 | ) | |
| (1,330 | ) |
| Remeasurement on change of convertible price | |
| 17,625 | | |
| 248,217 | |
| Redemption | |
| (8,979 | ) | |
| (103,786 | ) |
| Marked to the market | |
| (201,792 | ) | |
| 1,603,098 | |
| Ending fair value | |
| Nil | | |
| 1,782,498 | |
| | |
| | | |
| | |
| Total Derivative fair value at end of period | |
$ | 4,501,062 | | |
$ | 2,772,350 | |
|