DERIVATIVE LIABILITIES (Tables)

3 Months Ended

Jun. 30, 2023

Debt Instrument [Line Items]

SCHEDULE OF DERIVATIVE LIABILITIES

	Fiscal Year 2024			Fiscal Year 2023
	$			$
Derivative liabilities, beginning of period		759,065			352,402
New issuance		—			—
Change in fair value of derivatives during period		(79,827	)		195,521
Reduction due to preferred shares redeemed		—			(10,605	)
Derivative liabilities, end of period		679,238			537,318

SCHEDULE OF DERIVATIVE COMPONENTS VALUATION ASSUMPTIONS

The lattice methodology was used to value the derivative components, using the following assumptions during the three months ended June 30, 2023 and 2022:

	Fiscal Year 2024		Fiscal Year 2023
Dividend yield (%)		12		12
Risk-free rate for term (%)		4.92 - 5.04		2.13 - 2.54
Volatility (%)		95.2 - 111.4		94.4 - 101.9
Remaining terms (Years)		0.50 – 2.01		1.50 to 3.01
Stock price ($ per share)		0.46 - 0.79		1.23 to 1.77

Convertible Debt [Member]

Debt Instrument [Line Items]

SCHEDULE OF DERIVATIVE LIABILITIES

	Fiscal Year 2024			Fiscal Year 2023
	$			$
Balance beginning of period – March 31		1,008,216			520,747
New Issuance		1,014,703			—
Conversion to common shares		—			(104,118	)
Change in fair value of derivative liabilities		(21,625	)		2,703
Convertible note modification		—			—
Convertible note redemption		(16,513	)		—
Balance end of period – June 30		1,984,781			419,332

SCHEDULE OF DERIVATIVE COMPONENTS VALUATION ASSUMPTIONS

The Monte-Carlo methodology was used to value the convertible note and warrant derivative components during the three months ended June 30, 2023 and 2022, using the following assumptions:

	Fiscal Year 2024		Fiscal Year 2023
Risk-free rate for term (%)		4.21 - 5.06		1.82 – 2.37
Volatility (%)		93.8 – 126.6		87.6 – 95.5
Remaining terms (Years)		0.25 – 1.49		0.50 – 0.63
Stock price ($ per share)		0.46 – 0.79		1.10 – 1.77