The components of long term and short term debt were as follows:

The Company has recorded an interest expense amounting to $32,462 and $56,730 for the three months ended June 30, 2026 and June 30, 2025 respectively.

As of June 30, 2026, the Company has defaulted on debt obligations owed to various lenders totaling to $1,078,263 (March 31, 2026 - $874,580). Further, the Company has recorded penal interest expense amounting to $24,024 for the three months ended June 30, 2026 ($19,701 for the three months ended June 30, 2025 ).

The Company has refinanced its D&O insurance through Honor PCF Trust I. During the period ended June 30, 2026, the Company has defaulted on payment of installments amounting to $62,050. The Company has recorded interest expense of $7,709 and a default penalty of $6,236 in the Condensed Consolidated Statements of Operations for the period ended June 30, 2026.

The following is a summary of the Company’s Unsecured notes payable as of June 30, 2026 and March 31, 2026:

During the year ended March 31, 2026, the Company entered into Securities Purchase Agreements with certain institutional accredited investors pursuant to which the Company issued Bridge notes for a total principal amount of $1,427,825 with an initial issue discount of $ 152,825. The net proceeds disbursed to the Company were

$1,223,500 after deduction of legal and due diligence fees of $ 51,500.

Additionally, $45,500 (i.e. 13% of net proceeds for the note issued in June 2025) is due to the placement agent relating to the issuance of these bridge notes which is directly attributable to the loan raised, thereby bringing the total debt issuance costs to $97,000.

During the quarter ended June 30, 2026, the Company entered into Securities Purchase Agreements with certain institutional accredited investors pursuant to which the Company issued Bridge notes for a total principal amount of $351,531 with an initial issue discount of $32,685. The net proceeds disbursed to the Company were $308,846 after deduction of legal and due diligence fees of $10,000.

The discount and issuance cost on bridge notes has been amortized over the contractual period using the effective interest method. The unamortized discount and issuance cost have been presented as net of the bridge notes liability.

Terms of Bridge notes

The Bridge notes issued during the year ended March 31, 2026, bear interest at an annual rate of 10-12%. The notes include scheduled monthly installment repayments and interest payments starting November 30, 2025 for notes issued in June 2025, August 30, 2025 for notes issued in July 2025, December 30, 2025 for notes issued in November 2025, June 8 and 24, 2026 for notes issued in December 2025 and August 30, 2026 for notes issued in February 2026.

The Bridge notes issued on June 4, 2026, bear interest at an annual rate of 12% and includes scheduled monthly installment repayments and interest payments starting November 30, 2026.

These notes may be prepaid in part or full by the Company at a discount to the outstanding balance. These notes are subject to default interest rate of 8-22% (as specified in the Note agreement) per annum and include customary events of default.

In the event of an uncured default under any of these notes, the holder has the right to elect to convert the outstanding amount (includes principal, accrued interest, default interest, and other fees as applicable) into the Company’s Common stock at a conversion price equal to 73-75% of the lowest trading price of the Company’s Common stock during the ten or fifteen trading days (as specified in the Note agreement) immediately prior to the applicable conversion date.

The Notes issued to SOD Sciences, Inc. are repayable on May 22, 2026, and June 4, 2026. Under the terms of the agreement, in addition to the principal amount, the lender is entitled to receive Series A units valued at $341,500 as part of the Company’s ongoing private placement offering. Furthermore, in the event of a default, the Company is obligated to issue additional Series A units valued at $341,500. As of June 30, 2026, the Company has defaulted on debt obligations related to these notes totaling $70,731 and, accordingly, is required to issue the corresponding penalty Series A units. These Series A units carry the same terms and conditions as those issued in the private placement offering closings during the period ended June 30, 2026 (refer to Note 19 for details). The penalty and consideration units issuable to the lender are recorded as “Series A convertible units pending issuance” in the Condensed Consolidated Balance Sheets for the period ended June 30, 2026.

The Company issued a Note to Walsh Capital Industries Corp. for a principal amount of $100,000, repayable on April 12, 2026. In addition to the principal amount, the lender is entitled to receive Series A units valued at $50,000 as part of the Company’s ongoing private placement offering. Furthermore, in the event of a default, the Company is obligated to issue additional Series A units valued at $50,000. The Company defaulted by repaying the principal after the maturity date and, accordingly, is required to issue the corresponding penalty Series A units. These Series A units carry the same terms and conditions as those issued in the private placement offering closings during the period ended June 30, 2026 (refer to Note 19 for details). The penalty and consideration units issuable to the lender are recorded as “Series A convertible units pending issuance” in the Condensed Consolidated Balance Sheets for the period ended June 30, 2026.

The interest on the Unsecured notes was $81,326 for the period ended June 30, 2026 ($4,231 for the period ended June 30, 2025 which has been recognized in the Consolidated Statements of Operations for their respective period.

The following is a summary of the Company’s Convertible Redeemable notes payable as of June 30, 2026 and March 31, 2025:

During the year ended March 31, 2026, the Company entered into Securities Purchase Agreements with certain institutional accredited investors pursuant to which the Company issued a Promissory Note for a total principal amount of $180,000 with an initial issue discount of $18,000 and convertible redeemable notes for a total principal amount of $267,614 with an initial issue discount of $20,114, resulting in net proceeds of $158,500 and $236,000 respectively, after deducting legal and due diligence fees of $3,500 and $11,500.

The debt issuance costs (discount and issuance cost) on convertible notes has been amortized over the contractual period using the effective interest method. The unamortized discount and issuance cost have been presented as net of the convertible note liability.

Terms of Convertible notes

The convertible redeemable notes issued have a maturity date of July 8, 2026 and August 24, 2026 and bear interest at an annual rate ranging from 6 - 12% as specified in the agreement. The Company will pay each interest payment and the outstanding principal due upon this convertible redeemable notes before or on the Maturity Date. These convertible redeemable notes may be prepaid in part or full, by the Company at a discount to the outstanding balance. In the event of default, the convertible notes are subject to default interest as below:

The Holders of these convertible redeemable notes is entitled, at its option, at time specified in the agreements, to convert all or any amount of the principal face amount of these convertible redeemable notes then outstanding into shares of the Company’s common stock (the “Common Stock”) at a price (“Conversion Price”) equal to 72% - 75% (as specified in the agreement) of the lowest trading prices of the Common Stock (as stipulated in the agreement) as reported on the OTC Markets on which the Company’s shares are then traded or any exchange upon which the Common Stock may be traded in the future (the “Exchange”), for the seven or fifteen prior trading days (as specified in the agreement) including the day upon which a Notice of Conversion is received by the Company.

Terms of Promissory notes

The Promissory notes have a maturity date of August 19, 2026 and bear interest at an annual rate of 12%. The notes include scheduled monthly installment repayments as stipulated in the agreement and may be prepaid in part or full, by the Company at a discount to the outstanding balance.

The Holder shall have the right, on any Trading Day, at any time on or following the earlier of (i) the date that an Event of Default occurs under this Note or (ii) the date that that is one hundred eighty (180) calendar days after the Issue Date, to convert all or any portion of the then outstanding and unpaid Principal Amount and interest (including any Default Interest) into fully paid and non-assessable shares of Common Stock. The per share conversion price into which Principal Amount and interest (including any Default Interest) under this Note shall be convertible into shares of Common Stock hereunder as further described in this Note (the “Conversion Price”) shall equal the Market Price (as defined in this Note), subject to adjustment as provided in this Note. “Market Price” shall mean 75% of the lowest closing bid price of the Common Stock on the Principal Market during the fifteen (15) Trading Day period immediately preceding the respective Conversion Date.

The interest on the convertible redeemable notes was $26,188 for the period ended June 30, 2026 ($NIL for the period ended June 30, 2025 which has been recognized in the Condensed Consolidated Statements of Operations for their respective year.