v3.26.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Income Statement Abstract      
Revenue $ 16,388,579 $ 19,847,279 $ 39,271,839
Cost of Sales 7,173,476 17,650,661 33,914,237
Gross Profit 9,215,103 2,196,618 5,357,602
Sales, general and administrative costs      
Salaries and administration 3,891,189 9,912,495 8,814,561
Depreciation 1,445,129 1,662,113 1,858,458
Product development costs 701,369 1,339,200 1,811,472
Office expense 66,773 1,256,499 1,607,459
Insurance 1,447,375 1,727,831 1,716,157
Professional fees 2,500,177 1,672,938 1,925,938
Sales and marketing 78,569 997,772 661,426
Share-based payments 279,546 897,468 1,502,112
Transportation costs 207,351 264,344 212,263
Travel, accomodation, meals and entertainment 110,244 397,749 599,169
Allowance for credit losses 10,528 (12,277) 1,450,962
Total sales, general and administrative costs 10,738,250 20,116,132 22,159,977
Loss from operations before interest, accretion and foreign exchange (1,523,147) (17,919,514) (16,802,375)
Interest and accretion (2,588,673) (2,176,337) (1,554,858)
Other Income 0 1,391,746 306,288
(Loss) on disposal of equipment (24,961) 0 0
Foreign exchange gain 141,339 40,657 131,416
Loss from operations for the year (3,995,442) (18,663,448) (17,919,529)
Other items      
Debt extinguishment costs (1,390,187) 0 0
Series A convertible Preferred shares change in fair value (497,149) 0 0
Write down of assets 0 0 (423,267)
Loss for the year before income tax (5,882,778) (18,663,448) (18,342,796)
Income tax      
Income tax recovery 406,000 0 0
Loss for the year (5,476,778) (18,663,448) (18,342,796)
Other comprehensive income      
Cumulative translation reserve 73,342 151,553 29,547
Total comprehensive loss for the year $ (5,403,436) $ (18,511,895) $ (18,313,249)
Loss per common share, basic $ (1.57) $ (6.77) $ (7.35)
Loss per common share, diluted $ (1.57) $ (6.77) $ (7.35)
Weighted average number of common shares outstanding, basic 3,494,860 2,758,020 2,495,096
Weighted average number of common shares outstanding, diluted 3,494,860 2,758,020 2,495,096