Intangible Assets

9 Months Ended

Dec. 31, 2023

Intangible Assets [Abstract]

Intangible Assets

7. Intangible Assets

	Cost $		Accumulated amortization $			Cumulative impairment $			December 31, 2023 Net carrying value $		March 31, 2023 Net carrying value $
Patents and technical information		36,340,057		(9,907,820	)		(20,457,255	)		5,974,982		6,700,921
Software licensing		11,455		(8,025	)		-			3,430		5,563
Total		36,351,204		(9,915,845	)		(20,457,255	)		5,978,412		6,706,484

For the three and nine months ended December 31, 2023, the Company recorded $237,202 (2022 – $220,006) and $727,873 (2022 – $660,090) respectively in amortization expense on intangible assets.

For the three and nine months ended December 31, 2023, the Company has allocated $236,573 (2022 - $219,367) and $725,939 (2022 - $658,101) respectively of amortization of patents and technical information to cost of goods sold. The amount remaining in amortization expense is $629 (2022 - $639) and $1,934 (2022 - $1,989) for the three and nine months ended December 31, 2023.

Future amortization of intangible assets is as follows based on fiscal year:

	$
2024 (remaining)		237,213
2025		949,081
2026		946,291
2027		946,291
2028		946,291
Thereafter		1,953,244
Total		5,978,412