Note 3 - Recent Accounting Pronouncements

6 Months Ended

Sep. 30, 2023

Notes To Financial Statements [Abstract]

Recent accounting pronouncements

3. Fair Value Measurements

Assets and liabilities measured at fair value on a recurring basis as of September 30, 2023 are as follows:

	Total	Quoted prices in active markets (Level 1)	Significant other observable inputs (Level 2)	Significant unobservable inputs (Level 3)
	$	$	$	$
Assets
Guaranteed investment certificates and term deposits classified as cash equivalents	16,395	16,395	—	—
Total assets	16,395	16,395	—	—
Liabilities
Derivative warrant liabilities	3,457	—	—	3,457
Total liabilities	3,457	—	—	3,457

There were no changes in valuation techniques or transfers between Levels 1, 2 or 3 during the six months ended September 30, 2023. The Corporation’s derivative warrant liabilities are measured at fair value on a recurring basis using unobservable inputs that are classified as Level 3 inputs. Refer to Note 8(b) for the valuation techniques and assumptions used in estimating the fair value of the derivative warrant liabilities.