v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
A. Cash flows from operating activities    
Net Income (Loss) $ (5,369,599) $ (4,205,313)
Adjustments to reconcile net loss to net cash used in operating activities :    
Depreciation and amortization 21,094 35,428
Interest on redeemable promissory note 145
Interest on unsecured loans 81,326 4,231
Interest on Convertible notes 26,188
Interest on finance leases 18,732 99,578
Change in fair value of Unsecured Convertible Note 134,582 134,582
Loss on sale and disposal of assets previously held for sale, net 5
Gain on derecognition of subsidiary, net (401,180)
Stock based compensation 246,654
Assets written off 187 42,313
Liabilities written off (40,907)
Payable to customers and provision written back (21,820) (38,686)
Gain on recovery of goods and service tax receivable (6,428)
Interest on subcontractor liability 22,825
Liquidated damages 128,396 2,540,537
Gain on troubled debt restructuring (72,912)
Host receivable written off 9,811 20,159
Loss on litigation settlement 1,000,432
Loss on settlement of liability [1] 2,000,335
Other Borrowing Cost 20,391
Penalty on unsecured notes 391,500
Discount on issue of redeemable promissory notes 391,500
Issuance costs towards issue of Series A convertible units 18,245
Unrealized foreign currency exchange loss, net (4,270) 293
Adjustments to reconcile net loss to net cash used in operating activities (953,501) (1,818,145)
Changes in operating assets and liabilities :    
Decrease in accounts receivable 26,203 105,386
Decrease in balances with government authorities 6,428 185,385
Decrease in prepaid expenses 157,425 316,636
(Increase) in other assets (70,647) (11,241)
Increase in accounts payables 500,575 1,537,086
(Decrease) in other liabilities (74,047) (194,691)
(Decrease)/Increase in pension and other employee obligations (12,536) 24,668
Decrease in operating lease right of use asset 50,218 48,795
(Decrease) in operating lease liabilities (53,529) (49,902)
(Decrease)/Increase in contract liabilities (59,321) 49,578
Net cash (used in)/generated from operating activities (A) (482,732) 193,555
B. Cash flows from investing activities    
Payment for purchase of property and equipment, including intangible assets (718)
Proceeds from sale of assets previously held for sale 36
(Investments in) / proceeds from fixed deposits (425) (343)
Net cash (used in) from investing activities (B) (389) (1,061)
C. Cash flows from financing activities    
Proceeds from issue of equity and warrants (including prepayment of exercise price on pre funded warrants) 38
Proceeds from Unsecured notes 318,843 304,500
Payment of Unsecured notes issuance cost (10,000)
Repayment of Unsecured notes (441,528)
Repayment of Unsecured convertible note (154,200)
Proceeds from issue of Series A convertible units 1,687,000
Payment of Series A convertible units issuance cost (255,095)
Repayment of Convertible notes (44,727)
Principal repayment of debt (364,531) (213,319)
Principal payment of finance lease obligation (174,466) (1,021,521)
Net cash generated/(used in) from financing activities (C) 561,296 (930,302)
Net increase in cash and cash equivalents and restricted cash (A+B+C) 78,175 (737,808)
Effect of foreign exchange on cash and cash equivalents. (1,320) 644
Cash and cash equivalents and restricted cash    
Cash and cash equivalents at the beginning of period 328,586 1,172,042
Restricted cash included under other non-current assets at the beginning of period  
Cash and cash equivalents derecognized due to derecognition of subsidiary (536)
End of period 405,441 434,342
Reconciliation of cash, cash equivalents and restricted cash to the Condensed Consolidated Balance Sheets    
Cash and cash equivalents 405,441 385,229
Restricted cash and cash equivalents included under other non-current assets 49,113
Total cash and cash equivalents and restricted cash shown in Condensed Consolidated Statement of Cash Flows 405,441 434,342
Supplemental disclosures of cash flow information    
Interest paid on debt (21,543) (28,503)
Supplemental disclosures of non-cash investing and financing activities:    
Issue of Common Stock upon partial conversion of convertible redeemable note (71,000)
Issue of Series A units pending issuance (2,951,245)
Issue of redeemable promissory note (30,000)
Issue of common stock upon exercise of warrants 584
Issue of prefunded warrants in exchange of common stock 240
Issue of prefunded warrants in lieu of liquidated damages payable $ 2,771,457
[1] Includes $2,000,000 paid to Aegis Capital Corp. as compensation upon termination of the contract.