| SCHEDULE OF RECONCILIATION OF CONTINGENT RECEIVABLE |
A
reconciliation of the contingent receivable is as follows:
SCHEDULE
OF RECONCILIATION OF CONTINGENT RECEIVABLE
| Convertible debenture | |
| |
| Balance, March 31, 2025 | |
$ | - | |
| Proceeds from issuance | |
| 1,934,170 | |
| Issuance costs cash paid | |
| (69,527 | ) |
| Issuance costs warrants granted | |
| (45,361 | ) |
| Interest payable | |
| 10,261 | |
| Accretion expense | |
| 3,155 | |
| Foreign exchange on convertible debt | |
| 72 | |
| Balance, December 31, 2025 | |
$ | 1,832,770 | |
|
A reconciliation of convertible debenture is as follows:
SCHEDULE OF RECONCILIATION OF
CONVERTIBLE DEBENTURE
| | |
March 31, 2025 | | |
March 31, 2024 | |
| Balance, beginning of the year | |
$ | - | | |
$ | 4,905,334 | |
| Issuance | |
| 10,000,000 | | |
| - | |
| Accretion expense | |
| - | | |
| 203,918 | |
| Interest expense | |
| 1,941,743 | | |
| 338,011 | |
| Issuance costs | |
| (446,682 | ) | |
| - | |
| Foreign exchange effect on convertible debenture | |
| (368,197 | ) | |
| 154,109 | |
| Converted into Subordinate Voting Shares (1) | |
| (11,126,864 | ) | |
| (5,601,372 | ) |
| Balance, end of the year | |
$ | - | | |
$ | - | |
|