Derivative Liabilities (Tables)

9 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Schedule of Impact on Derivatives Balance Sheet and Statement of Operations

Balance Sheet Impacts Under ASU 2017-11	As of April 1, 2017
Accumulated Deficit	$	483,524
Derivative Liabilities		(483,524	)

The impact on the unaudited June 30, 2017 Balance Sheet and Statement of Operations is as follows:

Balance Sheet Impacts Under ASU 2017-11	As of June 30, 2017
Derivative Liabilities	$	(4,074,312	)
Additional Paid in Capital		3,569,248
Accumulated Deficit		483,524

Income Statement Impacts Under ASU 2017-11	As of June 30, 2017
Reversal of change in fair value of derivative liabilities	$	21,540

Schedule of Derivative Liabilities at Fair Value

The details of derivative liabilities (pre and post adoption of ASU 2017-11) were as follows:

	Total
	$
Derivative liabilities as at March 31, 2017		2,163,884
Derivative fair value at issuance		3,569,249
Transferred to equity upon conversion of notes (Notes 5 and 7)		(1,700,949	)
Change in fair value of derivatives		42,128
Derivative liabilities as at June 30, 2017 (pre-adoption)		4,074,312
Adjustments relating to adoption of ASU 2017-11
Reversal of fair value		(21,540	)
Transferred to accumulated deficit		(483,524	)
Transferred to additional paid-in-capital		(3,569,248	)
Derivative liabilities as at December 31, 2018 and March 31, 2018 (post adoption)		-

Schedule of Derivative Components Valuation Assumptions

The lattice methodology was used to value the derivative components, using the following assumptions:

	Assumptions
Dividend yield		0.00	%
Risk-free rate for term		0.62% – 1.14	%
Volatility		103% – 118	%
Remaining terms (Years)		0.01 – 1.0
Stock price ($ per share)	$	2.50 and $2.70