v3.25.4
Income Taxes (Tables)
6 Months Ended 12 Months Ended
Sep. 30, 2025
Mar. 31, 2025
Income Tax Disclosure [Abstract]    
Schedule of Reconciliation of the Statutory Versus Effective Rates

Schedule of Reconciliation of the Statutory Versus Effective Rates

Schedule of Unrecorded Deferred Tax Assets

 

  $(949)   (27)%  $(2,298)   (27)%
   For the Year Ended March 31, 
   2025   2024 
Income (tax benefit) at statutory rate (Canada)  $(949)   (27)%  $(2,298)   (27)%
Change in statutory, foreign exchange rates and other   -    -%   703    8%
Permanent differences   338    10%   159    2%
Share issuance costs   -    -%   (142)   (2)%
Adjustments to prior years’ provision   (1,061)   (30)%   1,578    19%
Non taxable gain on warrant obligations   (3,291)   (94)%   -    -%
Increase in valuation allowance (Canada)   4,265    121%   -    -%
US-Canadian rate differential   629    18%   -    -%
Other   69   2%   -    -%
Income tax benefit, net  $-    -%  $-    -%

Schedule of Unrecorded Deferred Tax Assets

Schedule of Unrecorded Deferred Tax Assets

The significant components of the Company’s unrecorded deferred tax assets are as follows (in thousands):

 

 

   2025   2024 
   As of March 31, 
   2025   2024 
Non-capital loss carryforward  $7,449   $3,452 
Basis differences in fixed assets   (990)   128 
Intangible assets   766    812 
Accruals and reserves   233   -
Share issuance costs   1,163    202 
Interest limitations   

237

    - 
Capital losses   2    1 
Gross deferred tax assets   8,860    4,595 
Less: valuation allowance   (8,860)   (4,595)
Net deferred tax assets  $-   $-