DERIVATIVE LIABILITIES (Tables)

9 Months Ended

Dec. 31, 2023

Debt Instrument [Line Items]

SCHEDULE OF DERIVATIVE LIABILITIES

	2023			2022
	$			$
Derivative liabilities, beginning of period		759,065			352,402
Derivative liabilities recognized pursuant to issuance of Series B preferred shares (Note 9)		642,417			—
Change in fair value of derivatives during period		(142,830	)		442,309
Reduction due to preferred shares converted		(119,359	)		(53,036	)
Derivative liabilities, end of period		1,139,293			741,675

SCHEDULE OF DERIVATIVE COMPONENTS VALUATION ASSUMPTIONS

The lattice methodology was used to value the derivative components, using the following assumptions during the nine months ended December 31, 2023 and 2022:

	2023		2022
Dividend yield (%)		12		12
Risk-free rate for term (%)		4.7 – 13.7		2.1 – 4.4
Volatility (%)		71.9 – 119.1		85.4 – 102
Remaining terms (Years)		0.25 – 2.01		1 – 3.01
Stock price ($ per share)		0.64 – 3.82		0.45 – 10.62

Convertible Debt [Member]

Debt Instrument [Line Items]

SCHEDULE OF DERIVATIVE LIABILITIES

	2023			2022
	$			$
Balance beginning of period – March 31		1,008,216			520,747
New Issuance		1,224,933			—
Conversion to common shares		(39,089	)		(192,794	)
Change in fair value of derivative liabilities		386,845			27,662
End of derivative treatment		(1,652,572	)		(17,979	)
Convertible note modification		—			(53,402	)
Balance end of period – December 31		928,333			351,719

SCHEDULE OF DERIVATIVE COMPONENTS VALUATION ASSUMPTIONS

The Monte-Carlo methodology was used to value the convertible note and warrant derivative components during the six months ended December 31, 2023 and 2022, using the following assumptions:

	2023	2022
Risk-free rate for term (%)	4.2 – 5.3	4.4 – 4.4
Volatility (%)	76.2 – 126.6	94 – 102
Remaining terms (Years)	0.25 – 1.49	1 – 1
Stock price ($ per share)	0.46 – 3.04	0.45 – 0.45