| Schedule of Financial Instruments Not Carried at Fair Value |
The carrying
value of financial instruments not carried at fair value by categories are as below:
| |
|
March 31,
2026 |
|
|
March 31,
2025 |
|
| As at |
|
Carrying value |
|
|
Carrying value |
|
| Financial assets |
|
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
328,586 |
|
|
$ |
1,077,275 |
|
| Accounts receivable |
|
|
100,167 |
|
|
|
200,650 |
|
| Receivable from government authorities |
|
|
- |
|
|
|
187,458 |
|
| Long term investments |
|
|
21,066 |
|
|
|
25,653 |
|
| Other financial assets |
|
|
240,193 |
|
|
|
365,433 |
|
| Total assets |
|
$ |
690,012 |
|
|
$ |
1,856,469 |
|
| Financial liabilities |
|
|
|
|
|
|
|
|
| Accounts payable |
|
$ |
22,637,202 |
|
|
$ |
12,548,582 |
|
| Debt |
|
|
2,511,444 |
|
|
|
2,851,341 |
|
| Operating lease |
|
|
827,414 |
|
|
|
1,118,737 |
|
| Finance lease |
|
|
2,058,281 |
|
|
|
3,966,962 |
|
| Unsecured notes |
|
|
811,178 |
|
|
|
- |
|
| Convertible notes |
|
|
451,348 |
|
|
|
- |
|
| Other financial liabilities |
|
|
1,289,771 |
|
|
|
1,611,602 |
|
| Total liabilities |
|
$ |
30,586,638 |
|
|
$ |
22,097,224 |
|
|
| Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis |
The following tables present information about the Company’s
financial assets and liabilities measured at fair value on a recurring basis:
| | |
March 31, 2026 | |
| | |
Total Carrying
value | | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Atalaya Note | |
$ | 6,554,074 | | |
$ | - | | |
$ | - | | |
$ | 6,554,074 | |
| | |
March 31, 2025 | |
| | |
Total Carrying
value | | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| Assets: | |
| | |
| | |
| | |
| |
| Assets held for sale | |
$ | 267,293 | | |
$ | - | | |
$ | 267,293 | | |
$ | - | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Atalaya Note | |
$ | 6,002,269 | | |
$ | - | | |
$ | - | | |
$ | 6,002,269 | |
|
| Schedule of Changes in the Fair Value |
The changes in the fair value are summarized below:
| | |
Unsecured
Convertible Note
(‘Atalaya Note’) | |
| | |
| |
| Balance as of April 1, 2024 | |
$ | 10,067,601 | |
| Shares issued to Atalaya Note holders | |
| (2,324,696 | ) |
| Change in fair value of unsecured convertible note | |
| (1,740,636 | ) |
| Balance as of March 31, 2025 | |
$ | 6,002,269 | |
| | |
| | |
| Balance as of April 1, 2025 | |
| 6,002,269 | |
| Change in fair value of unsecured convertible note | |
| 539,805 | |
| Loss on litigation settlement | |
| 12,000 | |
| Balance as of March 31, 2026 | |
$ | 6,554,074 | |
|