v3.26.1
DERIVATIVE LIABILITIES (Tables)
 12 Months Ended
Mar. 31, 2026
SCHEDULE OF DERIVATIVE LIABILITIES

 

  

Fiscal Year 2026

$

  

Fiscal Year 2025

$

 
Derivative liabilities, beginning of year   1,478,717    1,435,668 
New issuance [Note 9]   -    649,533 
Change in fair value of derivatives during the year   125,814    553,208)
Reduction due to preferred shares redeemed [Note 9]   (207,623)   (1,159,692)
Derivative liabilities, end of year   1,396,908    1,478,717 
Convertible Debt [Member]  
SCHEDULE OF CONVERTIBLE NOTE AND WARRANT DERIVATIVE COMPONENTS VALUATION ASSUMPTIONS

The Monte-Carlo methodology was used to value the convertible note and warrant derivative components, using the following assumptions:

 

    Fiscal Year    Fiscal Year 
    2026    2025 
Risk-free rate for term (%)   0.2 – 4.1     0.1 – 5.2  
Volatility (%)   104.7 – 172.5    91.2 – 194.4  
Remaining terms (Years)   0.25 – 0.47     0.25 – 0.5  
Stock price ($ per share)   0.24 – 0.71     0.24 – 1.45  
SCHEDULE OF CONVERTIBLE NOTE AND WARRANT DERIVATIVE LIABILITIES

 

  

Fiscal Year 2026

$

  

Fiscal Year 2025

$

 
         
Balance beginning of year   424,200    991,866 
New Issuance   -    - 
Conversion to common shares   -    (509,303)
Convertible note redemption   (19,842)   (59,011)
Change in fair value of derivative liabilities   41,535    648 
End of derivative treatment of warrants   -    - 
Convertible note modification   -    - 
Balance end of year   445,893    424,200 
Series A Preferred Stock [Member]  
SCHEDULE OF CONVERTIBLE NOTE AND WARRANT DERIVATIVE COMPONENTS VALUATION ASSUMPTIONS

The lattice methodology was used to value the derivative components, using the following assumptions:

 

   Fiscal Year   Fiscal Year 
   2026   2025 
Dividend yield (%)   12    12 
Risk-free rate for term (%)   3.5 – 4.1    3.7 – 5.1  
Volatility (%)   104.7 – 156.4    91.2 – 194.2  
Remaining terms (Years)   0.25 – 0.5    0.17 – 2.0 
Stock price ($ per share)   0.24 – 0.53    0.24 – 1.34