10. Property and Equipment

The following is a summary of activities for the years ended March 31, 2026, and March 31, 2025:

											Demonstration			Tools and			Leasehold
Cost		Computers			Furniture			Automobiles			Electric Vehicles			Equipment			Improvements			Total
Balance, March 31, 2024	$	242,854		$	100,811		$	589,420		$	3,601,733		$	1,711,932		$	190,937		$	6,437,687
Transfers from / (to) inventory		-			-			-			(593,320	)		-			-			(593,320	)
Additions		7,280			-			-			-			72,892			3,000			83,172
Balance, March 31, 2025	$	250,134		$	100,811		$	589,420		$	3,008,413		$	1,784,824		$	193,937		$	5,927,539
Transfers from / (to) inventory		-			-			-			-			-			-			-
Additions		-			-			-			-			-			-			-
Less: disposals at cost		-			-			-			(450,944	)		-			-			(450,944	)
Balance, March 31, 2026	$	250,134		$	100,811		$	589,420		$	2,557,469		$	1,784,824		$	193,937		$	5,476,595
Depreciation
Balance, March 31, 2024	$	204,747		$	59,255		$	221,242		$	1,798,886		$	1,269,923		$	120,109		$	3,674,162
Depreciation		18,470			10,930			72,197			442,708			357,360			29,644			931,309
Foreign exchange translation		-			-			-			11,487			-			-			11,487
Balance, March 31, 2025	$	223,217		$	70,185		$	293,439		$	2,253,081		$	1,627,283		$	149,753		$	4,616,958
Depreciation		23,302			7,436			123,526			312,595			67,150			36,459			570,468
Accumulated depreciation removed on disposal		-			-			-			(425,982	)		-			-			(425,982	)
Foreign exchange translation		-			-			-			(3,406	)		-			-			(3,406	)
Balance, March 31, 2026	$	246,519		$	77,621		$	416,965		$	2,136,288		$	1,694,433		$	186,212		$	4,758,038
Carrying amounts
As at, March 31, 2025	$	26,917		$	30,626		$	295,981		$	755,332		$	157,541		$	44,184		$	1,310,581
As at, March 31, 2026	$	3,615		$	23,190		$	172,455		$	421,181		$	90,391		$	7,725		$	718,557

 

During the year ended March 31, 2026, the Company scrapped two vehicles comprised of one EV 550 and one EV 350. The remaining net book value of these two vehicles of $24,961 was recognized as a loss on disposal of equipment. During the year ended March 31, 2025, the Company transferred three vehicles with a carrying value of $593,320 from Property and Equipment to Finished Goods Inventory, comprised of one BEAST, one EV Star and one EV 350, as the company intends to sell the vehicles.

During the year ended March 31, 2024, the Company transferred vehicles from inventory with a carrying value of $874,278 to Property and Equipment. The transferred vehicles are comprised of four EV Stars, one Nano BEAST, one BEAST and one EV 550.