v3.26.1
CONVERTIBLE NOTES PAYABLE AND ACCRUED INTEREST (Tables)
12 Months Ended
Mar. 31, 2026
Convertible Notes Payable And Accrued Interest  
SCHEDULE OF AMENDMENT TO CONVERTIBLE NOTES AND EXTINGUISHMENT ACCOUNTING

The accounting impact of the amendment is summarized as follows, as of June 30, 2025:

 

SCHEDULE OF AMENDMENT TO CONVERTIBLE NOTES AND EXTINGUISHMENT ACCOUNTING

Description  Amount 
Carrying amount of extinguished debt  $1,215,000 
Fair value of new debt issued  $1,215,000 
Fair value of derivative reclassified to equity  $768,493 
Beneficial conversion feature recorded as debt discount  $786,908 
SCHEDULE OF FAIR VALUE OF THE DERIVATIVE LIABILITIES

The fair value of the derivative liabilities was estimated using a binomial option pricing model. The significant assumptions utilized in determining the fair value of the derivative liabilities, based on the weighted-average of the convertible notes, were as follows:

 

Input  Inception   March 31, 2025   September 30, 2025 
Closing stock price  $0.41   $0.60   $1.10 
Conversion price  $0.50   $0.50   $0.50 
Remaining contractual term (years)   3.0    2.75    2.25 
Expected volatility   135.1%   103.5%   82.1%
Risk-free interest rate   4.16%   4.08%   3.85%
Dividend yield   0.0%   0.0%   0.0%
SCHEDULE OF DERIVATIVE LIABILITIES

The following table summarizes activity in the Company’s derivative liabilities:

 

   Amount 
Fair value at inception  $341,576 
Change in fair value during fiscal 2025   106,513 
Fair value at March 31, 2025   448,089 
Change in fair value through September 30, 2025   (320,404)
Fair value immediately prior to conversion   768,493 
Derivative liabilities extinguished upon conversion   (768,493)
Fair value at March 31, 2026  $0