v3.26.1
DERIVATIVE FINANCIAL INSTRUMENTS – WARRANTS (Tables)
 12 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
SCHEDULE OF FAIR VALUE OF WARRANTS ISSUED

The fair value of the Series J Warrants was calculated using a Black-Scholes model. The following assumptions were used in the Black-Scholes model to calculate the fair value of the Series J Warrants:

 

   March 31, 2026   March 31, 2025 
Fair value of the Company’s Common Stock  $0.3601   $0.4350 
Volatility   63.96%   82.80%
Initial exercise price  $0.1521   $0.1521 
Warrant term (in years)   1.1    2.1 
Risk free rate   3.47%   3.89%
SCHEDULE OF CHANGES IN WARRANTS MEASURED AT FAIR VALUE ON A RECURRING BASIS

The changes in warrants (Level 3 financial instruments) measured at fair value on a recurring basis were as follows:

 

Balance at March 31, 2024  $6,298,008 
Change in fair value of derivative financial instruments - warrants   18,901,185 
Balance at March 31, 2025  $25,199,193 
Change in fair value of derivative financial instruments - warrants   (7,855,607)
Balance at March 31, 2026  $17,343,586 
SCHEDULE OF LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS

The following table presents information about the Company’s liabilities measured at fair value on a recurring basis, aggregated by the level in the fair value hierarchy within which those measurements fell:

 

   Amount at Fair Value   Level 1   Level 2   Level 3 
Balance as of March 31, 2025  $25,199,193   $—   $—   $25,199,193 
Change in fair value of derivative financial instruments - warrants   (7,855,607)   —    —    (7,855,607)
Balance as of March 31, 2026  $17,343,586   $—   $—   $17,343,586 

 

   Amount at Fair Value   Level 1   Level 2   Level 3 
Balance as of March 31, 2024  $6,298,008   $—   $—   $6,298,008 
Change in fair value of derivative financial instruments - warrants   18,901,185    —    —    18,901,185 
Balance as of March 31, 2025  $25,199,193   $—   $—   $25,199,193