| SCHEDULE OF SERIES B PREFERRED STOCK FOR MEZZANINE EQUITY |
A
roll-forward of activity is presented below for the three months ended June 30, 2026:
SCHEDULE
OF SERIES B PREFERRED STOCK FOR MEZZANINE EQUITY
| | |
June 30, 2026 | | |
March 31, 2026 | |
| | |
$ | | |
$ | |
| Balance beginning of period – | |
| 1,714,476 | | |
| 2,000,290 | |
| Net proceeds received pursuant to the issuance of preferred shares | |
| - | | |
| - | |
| Recognition of derivative liabilities | |
| - | | |
| - | |
| Redemption of convertible preferred shares | |
| - | | |
| (114,326 | ) |
| Conversion into common shares | |
| - | | |
| (171,488 | ) |
| Balance end of period | |
| 1,714,476 | | |
| 1,714,476 | |
|
| SCHEDULE OF WARRANTS OUTSTANDING |
Warrant
activity during the three months ended June 30, 2026, is indicated below:
SCHEDULE
OF WARRANTS OUTSTANDING
| | |
Broker
Warrants | | |
Consultant and Noteholder
Warrants | | |
Warrants
Issued on Convertible Notes | | |
Total | |
| As at March 31, 2026 | |
956,077 | | |
1,438,994 | | |
| 868,098 | | |
| 3,263,169 | |
| Beginning balance | |
956,077 | | |
1,438,994 | | |
| 868,098 | | |
| 3,263,169 | |
| Warrant issuance during the period | |
- | | |
200,000 | | |
| - | | |
| - | |
| Warrants exchanged for Series C Preferred Stock (Note9(d) | |
| | |
(1,636,216 | ) | |
| | | |
| | |
| Adjustment to reconcile warrant balance | |
| | |
(2,778 | ) | |
| | | |
| | |
| As at June 30, 2026 | |
956,077 | | |
- | | |
| 868,098 | | |
| 1,824,175 | |
| Ending balance | |
956,077 | | |
- | | |
| 868,098 | | |
| 1,824,175 | |
| | |
| | |
| | |
| | | |
| | |
| Exercise Price | |
$0.37 to $37.56 | | |
| | |
$ | 4.18 | | |
| | |
| Expiration Date | |
August 2026 to October 2033 | | |
| | |
| October 2027 | | |
| | |
|