v3.26.1
Related Party Transactions (Tables)
12 Months Ended
Mar. 31, 2026
Related party transactions [abstract]  
Summary of Related Party Payables

 

As of March 31,

 

 

2026

 

 

2025

 

Related Party Payables

 

 

 

 

 

 

James Foster

 

$

110,383

 

 

$

119,700

 

Jason Davis(1)

 

 

50,000

 

 

 

110,100

 

Nigel McCracken

 

 

105,599

 

 

 

107,776

 

Total Related Party Payables

 

$

265,982

 

 

$

337,576

 

 

(1) Jason Davis resigned from the Company on June 13, 2025.

Summary of Related Party Compensation for Officers and Directors

Related party compensation for the Company's Officers and Directors for the years ended March 31, 2026, 2025 and 2024 are as follows:

 

 

 

Year

 

Salary ($)

 

 

Bonus ($)

 

 

Option Awards ($) (1)

 

 

Other ($) (2)

 

 

Total ($)

 

James Foster, Chief Executive Officer and Director

 

2026

 

 

361,969

 

 

 

110,383

 

 

 

42,900

 

 

 

5,100

 

 

 

520,352

 

 

 

2025

 

 

333,542

 

 

 

119,700

 

 

 

33,250

 

 

 

4,200

 

 

 

490,692

 

 

 

2024

 

 

325,000

 

 

 

81,000

 

 

 

241,200

 

 

 

3,600

 

 

 

650,800

 

Nigel McCracken, Chief Operating Officer and Director

 

2026

 

 

351,995

 

 

 

105,599

 

 

 

42,900

 

 

 

27,830

 

 

 

528,324

 

 

 

2025

 

 

315,051

 

 

 

107,776

 

 

 

33,250

 

 

 

25,209

 

 

 

481,286

 

 

 

2024

 

 

175,000

 

 

 

50,000

 

 

 

71,600

 

 

 

3,540

 

 

 

300,140

 

Jason Davis, Former Chief Financial Officer(3)

 

2026

 

 

206,346

 

 

 

50,000

 

 

 

42,900

 

 

 

7,500

 

 

 

306,746

 

 

 

2025

 

 

317,500

 

 

 

110,100

 

 

 

33,250

 

 

 

25,800

 

 

 

486,650

 

 

 

2024

 

 

300,000

 

 

 

75,000

 

 

 

224,318

 

 

 

25,800

 

 

 

625,118

 

Evan Norton, Independent Director

 

2026

 

 

40,000

 

 

 

 

 

 

8,580

 

 

 

 

 

 

48,580

 

 

 

2025

 

 

40,000

 

 

 

 

 

 

6,650

 

 

 

 

 

 

46,650

 

 

 

2024

 

 

40,000

 

 

 

 

 

 

60,300

 

 

 

 

 

 

100,300

 

Yair Erez, Independent Director(4)

 

2026

 

 

13,333

 

 

 

 

 

 

8,580

 

 

 

 

 

 

21,913

 

 

 

2025

 

 

40,000

 

 

 

 

 

 

6,650

 

 

 

 

 

 

46,650

 

 

 

2024

 

 

40,000

 

 

 

 

 

 

60,300

 

 

 

 

 

 

100,300

 

Iain Miller, Independent Director

 

2026

 

 

26,667

 

 

 

 

 

 

 

 

 

 

 

 

26,667

 

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nelson Haight, Independent Director

 

2026

 

 

40,000

 

 

 

 

 

 

8,580

 

 

 

 

 

 

48,580

 

 

 

2025

 

 

40,000

 

 

 

 

 

 

6,650

 

 

 

 

 

 

46,650

 

 

 

2024

 

 

40,000

 

 

 

 

 

 

60,300

 

 

 

 

 

 

100,300

 

(1) These amounts represent the aggregate grant fair value of stock options granted in the year ended March 31, 2026, 2025, and 2024 calculated in accordance with IFRS 2 “Share-based payment". Assumptions used in the calculation of these amounts are discussed in Note 16.

(2)These amounts represent employee benefits paid on behalf of the Company such as pension and health insurance.

(3)Jason Davis resigned from the Company effective June 13, 2025; however, acts as the Company's fractional Chief Financial Officer.

(4)Yair Erez resigned from the Company effective July 28, 2025.