SUBSEQUENT EVENTS

9 Months Ended

Dec. 31, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

14. SUBSEQUENT EVENTS

The Company’s management has evaluated subsequent events during the period from January 1 to February 20, 2024, the date the condensed consolidated financial statements were issued, pursuant to the requirements of ASC 855, and has determined the following material subsequent events:

● During January 2024, the Company issued a further $114,303 (face value) convertible notes to an investor. The notes mature one year from the issue date of and accrue interest at 10% per annum.

● During February 2024, the Company borrowed $665,000 against $844,200 in future receipts, as a a short-term bridge loan with a collateralized merchant finance company.

● During February 2024, the Company borrowed $205,000 in unsecured promissory notes, with a one-year term and an interest rate of 10%.