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Condensed Consolidated Interim Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Total revenues $ 85,961,632 $ 3,639,992 $ 88,315,459 $ 6,859,221
Total cost of goods sold 61,221,109 3,017,504 64,038,906 5,300,727
Gross profit / (loss) 24,740,523 622,488 24,276,553 1,558,494
Expenses        
Advertising and promotion 131,303 120,230 334,286 421,903
Amortization of intangible assets (Note 7) 629 639 1,934 1,989
Bad debts expense / (recovery) 3,766 36,341 59,990 (10,193)
Depreciation (Note 6) 39,912 45,600 115,327 148,671
Foreign exchange loss / (gain) 330,448 (5,776) 1,394,647 98,545
Management and technical consulting 8,619,840 802,533 17,903,758 2,106,857
Office and miscellaneous 701,906 509,864 1,656,308 1,499,940
Operating lease expense (Note 18) [1] 728,860 231,789 946,219 440,779
Professional fees 563,098 547,538 826,255 1,295,198
Research and development 112,323 256,664 13,772
Salaries and wage expenses 619,837 909,364 3,063,107 2,957,988
Transfer agent and filing fees 111,213 15,278 147,539 46,075
Travel and accommodation 342,732 197,252 580,484 596,482
Warranty and related expense / (recovery) (Note 14) 16,542 (744,918) (18,778) (563,318)
Total expenses 12,322,409 2,665,734 27,267,740 9,054,688
Income / (loss) before other income (expense) 12,418,114 (2,043,246) (2,991,187) (7,496,194)
Other income / (expenses)        
Provision for loan or debt (951)   (951)  
Financing interest income (856) 32,790 188 89,090
Gain on derecognition of a subsidiary 944,938 18,567,829
Interest expense and other (1,309,469) (220,300) (3,330,822) (298,011)
Total other (expense) / income (366,338) (187,510) 15,236,244 (208,921)
Income tax provision (1,165,639) (1,165,639)
Net income/(loss) for the period before noncontrolling interest 10,886,137 (2,230,756) 11,079,418 (7,705,115)
Net income/(loss) attributable to noncontrolling interest (Note 10) (34,063) (6,577) (392,903) 20,165
Net income/(loss)for the period 10,920,200 (2,224,179) 11,472,321 (7,725,280)
Foreign currency translation gain / (loss) 391,305 171,818 973,186 (10,126)
Comprehensive income/(loss) for the period $ 11,311,505 $ (2,052,361) $ 12,445,507 $ (7,735,406)
Net income per share, basic (in Dollars per share) $ 0.21 $ (0.05) $ 0.22 $ (0.16)
Weight average number of common shares outstanding, basic (in Shares) [2] 52,463,332 47,339,386 50,615,724 47,339,386
Weight average number of dilutive shares outstanding, diluted (in Shares) 52,464,374 47,339,386 50,616,766 47,339,386
Products        
Total revenues $ 84,057,183 $ 2,253,221 $ 84,057,183 $ 4,607,668
Total cost of goods sold 59,670,077 1,986,344 60,113,764 3,686,591
Services        
Total revenues 1,904,449 1,386,771 4,258,276 2,251,553
Total cost of goods sold $ 1,551,032 $ 1,031,160 $ 3,925,142 $ 1,614,136
[1] Lease payments include maintenance, operating expense, and tax.
[2] The period ended December 31, 2023, includes 210,000 (2022 – 312,500) stock options as they are exercisable at any time and for nominal cash consideration.