Income Taxes (Tables)

12 Months Ended

Mar. 31, 2026

Income Tax Disclosure [Abstract]

Schedule of Net Income (Loss) Before Tax Expense

Net income (loss) before tax expense was comprised of the following for the periods indicated (in thousands):


		Year Ended March 31,
		2026				2025
United States		$	(10,011	)		$	(10,484	)
Canada			10,133				6,968
Income (Loss) before income tax		$	122			$	(3,516	)

Schedule of Effective Income Tax Rate Reconciliation

The provision for income tax (benefit) differs from the amount that would have resulted by applying the combined Canadian federal and provincial statutory tax rates. A reconciliation of the statutory versus effective rates are as follows (amounts in thousands):


		Year Ended March 31,
		2026							2025
Income tax (benefit) at statutory rate (Canada)		$	18			15	%		$	(527	)		15	%
Impact of Canadian provincial rate			-			-	%			-			-	%
Nontaxable or nondeductible items			-			-	%			338			(10	)%
Increase in valuation allowance			1,204			987	%			1,706			(49	)%
Nontaxable gain on warrant obligations			(3,675	)		(3,012	)%			(3,291	)		94	%
Change in statutory, foreign exchange rates and other			(175	)		(143	)%			-			-	%
Other			(127	)		(104	)%			69			(2	)%
Foreign income tax effects
United States of America
Tax rate differential			601			493	%			629			(18	)%
Nontaxable or nondeductible items			6			5	%			-			-	%
Increase in valuation allowance			1,858			1,523	%			2,137			(61	)%
Adjustments to prior years' provision			290		238 %					(1,061	)	30 %
Income tax benefit, net		$	-			-	%		$	-			-	%

Schedule of Components of Deferred Tax Assets

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


		As of March 31,
		2026						2025
Non-capital loss carryforward		$	8,448					$	7,449
Basis differences in fixed assets			(769	)					(990	)
Intangible assets			2,611						766
Accruals and reserves			226						233
Share issuance costs			1,389						1,163
Interest limitation			-						237
Capital losses			2						2
			11,907			-			8,860
Less: Valuation allowance			(11,907	)					(8,860	)
Net deferred tax assets		$	-					$	-