Sales, Prepaid Manufacturing Costs, Cost of Goods Sold, Contract Assets and Contract Liabilities (Tables)

9 Months Ended

Dec. 31, 2023

Sales, Prepaid Manufacturing Costs, Cost of Goods Sold, Contract Assets and Contract Liabilities [Abstract]

Schedule of Revenue Disaggregated

The Company derives revenue from the sale of products, delivery of services. Revenue disaggregated by type for the three and nine months ended December 31, 2023, and 2022 is as follows:

	Three Months Ended December 31,    2023 $		Three Months Ended December 31,    2022 $		Nine Months Ended December 31, 2023 $		Nine Months Ended December 31, 2022 $
Products		84,057,183		2,253,221		84,057,183		4,607,668
Services		1,904,449		1,386,771		4,258,276		2,251,553
Total		85,961,632		3,639,992		88,315,459		6,859,221

Schedule of Product Revenue

Product revenue by type for the three and nine months ended December 31, 2023, and 2022 is as follows:

	Three Months Ended December 31,    2023 $		Three Months Ended December 31,    2022 $		Nine Months Ended December 31, 2023 $		Nine Months Ended December 31, 2022 $
Sale of marine scrubbers		8,352,929		2,253,221		8,352,929		4,607,668
Sale of BESS projects		75,704,254		–		75,704,254		–
Total		84,057,183		2,253,221		84,057,183		4,607,668

Schedule of Service Revenue

Service revenue by type for the three and nine months ended December 31, 2023, and 2022 is as follows:

	Three Months Ended December 31,    2023 $		Three Months Ended December 31,    2022 $		Nine Months Ended December 31, 2023 $		Nine Months Ended December 31, 2022 $
Specific services provided to marine scrubber systems		1,196,223		1,237,663		3,176,025		1,889,215
BESS construction management agreement		524,605		–		524,605		–
Design and engineering services for Concentrated Solar Power		183,621		149,108		557,646		362,338
Total		1,904,449		1,386,771		4,258,276		2,251,553

Schedule of Contract Assets and Liabilities

Changes in the Company’s contract assets and liabilities for the periods are noted as below:

	Accrued Revenue $			Prepaid Manufacturing Costs $			Sales (Cost of Goods Sold) $			Contract Liabilities $
Balance, March 31, 2022		531,947			38,010						(8,143,109	)
Customer receipts and receivables		–			–			–			(5,325,921	)
Scrubber sales recognized in revenue		–						4,717,905			4,717,905
Payments and accruals under contracts		(27,181	)		4,202,264			–			–
Cost of goods sold recognized in earnings		–			(3,776,459	)		(3,776,459	)		–
Balance, March 31, 2023		504,766			463,815						(8,751,125	)
Customer receipts and receivables		–			–			–			(4,767,993	)
Scrubber sales recognized in revenue		–						8,352,929			8,352,929
Payments and accruals under contracts		(67,209	)		935,893			–			–
Cost of goods sold recognized in earnings		–			(863,985	)		(863,985	)		–
Balance, December 31, 2023		437,557			535,723						(5,166,189	)

Schedule of Cost of Goods Sold

Cost of goods sold for the period ended December 31, 2023 is comprised as follows:

	Three Months Ended December 31,    2023 $		Three Months Ended December 31,    2022 $		Nine Months Ended December 31, 2023 $		Nine Months Ended December 31, 2022 $
Scrubber costs recognized		160,632		1,670,574		70,364		2,713,475
BESS project costs recognized		59,249,778		–		59,249,778		–
Salaries and wages		142,619		235,799		406,480		322,119
Amortization of intangibles		236,573		219,367		725,939		658,101
Commission type costs		10,522		73,531		39,604		205,824
Design and engineering services for CSP		51,681		104,545		220,690		246,490
Specific services provided to marine scrubber systems		904,624		713,688		2,423,340		1,154,718
BESS construction management services		464,680		–		902,710		–
Total		61,221,109		3,017,504		64,038,906		5,300,727