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Assets Held for Sale
 9 Months Ended
Dec. 31, 2023
Assets Held for Sale [Abstract]  
Assets held for Sale
4. Assets held for Sale

 

In the prior quarter ended September 30, 2023, the Company reallocated $13.6 million of assets and $10.6 million liabilities, primarily related to the Sheaf project, from assets held for sale to projects under development in current assets, due to the change in business strategy from investing in BESS projects to develop, own and operate, to the strategy of developing and selling the projects. Following the change in strategy, all new BESS projects are recorded within projects under development within current assets.

 

      Pre- Reclassification   Reclassification   December 31,
2023		   March 31,
2023		 
Cash      115,024    (115,024)   
–
    113,380 
Prepaid expenses, parts inventory, and advances      286,266    (286,266)   
–
    4,454 
Other receivables      531,717    (531,717)   
–
    61,576 
Projects under development      12,607,479    (12,607,479)   
–
    46,674,258 
Security Deposits & Other Advances      99,640    (99,640)   
–
    495,602 
Rights of use asset      
–
         
–
    2,302,049 
Accounts payable and accrued liabilities (Note 12)      (3,276,778)   3,276,778    
–
    (638,156)
Loans payable (*) Note 13      (11,192,035)   11,192,035    
–
    (10,312,906)
Long term loan payable      
–
    
–
    
–
    (17,771,173)
Long-term operating lease obligation      
–
    
–
    
–
    (2,360,024)
Reclassification  Total   (828,687)   828,687    
–
    18,569,060 

 

(*) Loans payable relates to project specific loan and has therefore been reclassified from Loans payable to Loans of Projects Under Development (Note 13)