STOCKHOLDERS’ DEFICIENCY (Tables)

3 Months Ended

Jun. 30, 2021

Equity [Abstract]

SCHEDULE OF WARRANTS OUTSTANDING

Warrant issuances, exercises and expirations or cancellations during the three months ended June 30, 2021 and preceding periods resulted in warrants outstanding at the end of those respective periods as follows:

	Broker Warrants			Consultant Warrants			Warrants Issued on Conversion of Convertible Notes			Private Placement Warrants			Total
As at March 31, 2020		321,314			2,049,837			2,734,530			1,163,722			6,269,403
Less: Expired/cancelled		(128,676	)		(271,365	)		(911,510	)		(1,163,722	)		(2,475,273	)
Less: Exercised					(97,500	)								(97,500	)
Add: Issued		1,065,857			449,583			5,631,132			-			7,146,572
As at March 31, 2021		1,258,495			2,130,555			7,454,152			-			10,843,202
Less: Expired/cancelled		-			(93,750	)		-			-			(93,750	)
Less: Exercised		-			-			(137,972	)		-			(137,972	)
Add: Issued		-			60,000			-			-			60,000
As at June 30, 2021		1,258,495			2,096,805			7,316,180			-			10,671,480
Exercise Price		$1.06 to $3.00			$0.48-$7.59			$1.06 to $2.00
Expiration Date		Dec 2021 to Jan 2031			Oct 2017 to Mar 2031			May 2022 to Feb 2024

SCHEDULE OF STOCK OPTION ACTIVITIES

The following table summarizes the stock option activities of the Company to June 30, 2021: 

	Number of options			Weighted average exercise price ($)
Granted		4,147,498			3.2306
Exercised		-			-
Outstanding as of March 31, 2018		4,147,498			3.2306
Granted		270,521			1.8096
Exercised		-			-
Outstanding as of March 31, 2019		4,418,019			3.1436
Granted		88,100			0.7763
Expired		(112,509	)		2.723
Outstanding as of March 31, 2020		4,393,610			3.1069
Granted		2,610,647			1.0072
Exercised		-			-
Outstanding as of March 31, 2021		7,004,256			2.3268
Granted		170,532			1.7931
Exercised		-			-
Outstanding as of June 30, 2021		7,174,788			2.3141

SCHEDULE OF FAIR VALUE OF OPTION GRANTED USING VALUATION ASSUMPTIONS

The fair value of each option granted is estimated at the time of grant using the Black Scholes model using the following assumptions, for each of the respective fiscal year:

	2022		2021		2020		2019
Exercise price ($)		0.74 – 3.15		0.74-2.89		1.40-2.00		1.40-2.00
Risk free interest rate (%)		0.30 – 1.70		0.18 – 1.72		0.52-2.81		2.27-2.81
Expected term (Years)		2.0 – 10.0		2.0 – 10.0		2.0-3.0		2.0-3.0
Expected volatility (%)		107.6 – 129.9		106.8 – 129.9		97.8-141.1		97.8-141.1
Expected dividend yield (%)		0.00		0.00		0.00		0.00
Fair value of option ($)		0.59 – 2.14		0.72 - 1.72		0.76		0.588
Expected forfeiture (attrition) rate (%)		0.00		0.00		0.00		0.00