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10. CONVERTIBLE PROMISSORY NOTE DERIVATIVE LIABILITY: Fair Value Measurements, Recurring and Nonrecurring (Tables)
12 Months Ended
Mar. 31, 2023
Convertible Promissory Note  
Fair Value Measurements, Recurring and Nonrecurring

 

 

December 31, 2022

March 31, 2022

March 31, 2021

Closing share price

$0.0004

$0.0052

$0.0257

Conversion price

$0.0004

$0.0049 - $0.0051

$0.0233 - $0.0234

Risk free rate

4.76%

1.06% - 1.50%

0.04%

Expected volatility

123%

159% - 195%

136% - 161%

Dividend yield

0%

0%

0%

Expected life (years)

0.42

0.50 – 0.94

0.36 – 0.81

 

Continuity of the Fair value of the Conversion Option Derivative Liabilities

Year Ended March 31, 2023

Year Ended March 31, 2022

Opening

$163,230

$138,539

Initial value

52,038

283,843

Decrease in fair value

(215,268)

(259,152)

Closing

$0

$163,230