XML 63 R50.htm IDEA: XBRL DOCUMENT v3.24.0.1
STOCKHOLDERS’ DEFICIENCY AND MEZZANINE EQUITY (Details Narrative) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 19, 2023
Mar. 12, 2023
Dec. 21, 2021
May 22, 2020
Jan. 09, 2020
Dec. 19, 2019
Feb. 02, 2016
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Sep. 30, 2021
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Mar. 31, 2023
Mar. 31, 2022
Sep. 30, 2023
Jun. 19, 2023
Mar. 31, 2021
Common stock shares authorized               125,000,000 125,000,000         125,000,000   125,000,000 125,000,000 125,000,000      
Common stock, par value               $ 0.001 $ 0.001         $ 0.001   $ 0.001 $ 0.001 $ 0.001      
Preferred stock, shares authorized               10,000,000 10,000,000         10,000,000   10,000,000 10,000,000 10,000,000      
Preferred stock convertible conversion price               $ 0.001 $ 0.001         $ 0.001   $ 0.001 $ 0.001 $ 0.001      
Common stock, shares issued               9,258,957 8,508,052         9,258,957   9,258,957 8,508,052 49,810,322      
Common stock, other shares, outstanding               160,672 244,458         160,672   160,672 244,458 1,466,718      
Special voting rights                           Lastly, there is also one share of the Special Voting Preferred Stock issued and outstanding held by one holder of record, which is the Trustee in accordance with the terms of the Trust Agreement and outstanding as at December 31, 2023 and March 31, 2023.     one share of the Special Voting Preferred Stock        
Debt instrument redemption price percentage                           110.00%     110.00%        
Stock issued during period share conversion of convertible securities                           36,897              
Repayments of debt                                 $ 440,470      
Stock issued during period value new issues                           $ 119,285       250,000      
Common shares services                   105,263 22,772                    
Issued common shares for services                   (105,263) (22,772)                    
Common shares for services received, value               $ 45,947   $ 112,631 $ 30,287     45,947 $ 150,418     1,414,449      
Net cash proceeds                           119,285   250,000      
Gross proceeds                           1,900,000   100,000      
Stock issued during period shares                             17,544            
Common shares for services received                     3,796 695                  
Common shares for services received, value                     $ 30,287 $ 7,500                  
Common shares in lieu of interest payment, value                                 221,621        
Stock issued during period shares warrants exercised                             (17,544)            
Stock issued during period value warrants exercised                             $ 30,000     (976,242)      
Proceeds from warrant exercises                           $ 12,500   $ 12,500 872,292      
Fair value adjustment of warrants     $ 1,042,149                                    
Exercise price               $ 2.79   $ 4.80       $ 2.79 $ 4.80 $ 2.79          
Fair value assumptions risk free interest rate                           3.85% 4.06%            
Fair value assumptions expected volatility rate                           117.10% 113.90%            
Warrants for promissory notes               9,590 57,536         9,590   9,590 57,536        
Stock-based compensation                           $ 544,655 $ 365,653   $ 647,631 $ 913,613      
Stock option cancelled                           25,347     2,118,697 449,174      
Stock option modification Expenses                                 $ 246,647        
Debt conversion description                                 The redemption price was determined in accordance to the Series B note agreement, where the Company has an option to redeem the note at 115% of its principal value instead of converting the note upon receipt of a conversion notice. The difference between the redemption cash payment and the book value of the note redeemed, including the derivative liability associated to the note        
Conversion of common shares                           $ (228,727)              
Fair value of derivative liabilities                                 $ (53,036) $ (472,835)      
Gross proceeds from issuance of common stock                           123,347              
Issuance of warrants     $ 198,713                                    
Additional paid warrants exercised                             77,300            
Derivative liabilities               $ 2,067,626 $ 1,767,281         $ 2,067,626   $ 2,067,626 $ 1,767,281 $ 873,149      
Vested               1,043,488 960,521         1,043,488   1,043,488 960,521        
2016 Equity Incentive Plan [Member]                                          
Exercise price                 $ 1.1007               $ 1.1007 $ 1.5272      
Share based payment award number of shares authorized             3,750,000                            
Stock options granted               0   0       3,585 2,325   1,713,937 596,458      
Stock-based compensation               $ 170,140   $ 63,125       $ 544,655 $ 363,372   $ 647,631 $ 913,613      
2023 Equity Incentive Plan [Member]                                          
Share based payment award number of shares available for issuance                 5,000,000               5,000,000        
Selling, General and Administrative Expenses [Member]                                          
Fair value adjustment of warrants                                   $ 541,443      
Warrants and rights outstanding                     $ 77,332 $ 77,414                  
General and Administrative Expense [Member]                                          
Common shares services                   17,544       47,125              
Issued common shares for services                   (17,544)       (47,125)              
Warrants and rights outstanding                   $ 77,780         77,780            
Issuance of warrants                   $ 112,631       $ 45,947              
Minimum [Member]                                          
Exercise price                 $ 0.45               $ 0.45 $ 2.40      
Uplisting Public Stock Offering [Member]                                          
Stock issued during period shares new issues                                   5,382,331      
Net cash proceeds                                   $ 14,545,805      
Convertible Promissory Notes [Member]                                          
Stock issued during period shares new issues                 2,240 238,846                      
Stock issued during period share conversion of convertible securities                   39,808 19,608 67,395           4,696,083      
Number of shares convertible securities                                   19,263      
Repayments of debt                                   $ 14,522,812      
Convertible notes payable                   $ 153,600 $ 100,000 $ 302,000     153,600     10,309,000      
Carrying amount of conversion and redemption                   53,402 35,274 104,118           3,398,557      
Unpaid interest amount                                   815,255      
Stock issued during period value new issues                 $ 2                 15,678,454      
Stock issued during period value to be issued                                   $ 1,155,642      
Debts instrument settlement amount                   207,002 135,274 406,118     406,118            
Debt instrument fair value                   211,602 175,294 457,025     $ 211,602            
Loss on conversion of convertible promissory notes                   4,600 $ 40,020 $ 50,908                  
Additional paid in capital common stock                 $ 2               $ 2        
Warrant [Member]                                          
Stock issued during period shares new issues                                   658,355      
Common shares services                             312,500     451,688      
Issued common shares for services                             (312,500)     (451,688)      
Stock issued during period shares                       1,966                  
Stock issued during period value warrants exercise                       $ 12,500                  
Stock issued during period shares warrants exercised                       (1,966)                  
Class of warrant or right outstanding                                   658,355      
Cash receipt amount                                   $ 872,292      
Class of warrant or right cashless warrant exercise                                   446,370      
Proceeds from warrant exercises                                   $ 103,950      
Warrants and rights outstanding                   $ 71,768         $ 71,768            
Warrants for promissory notes                   306,604         306,604            
Cashless Warrant [Member]                                          
Stock issued during period shares new issues                                   446,370      
Shares To Be Issued [Member]                                          
Number of shares convertible securities                                   (19,263)      
Stock issued during period value new issues                                      
Common shares services                                   (250,000)      
Issued common shares for services                                   250,000      
Common shares for services received, value                           $ (242,500)      
Stock issued during period shares                             (16,683)   (100,094) 123,678      
Stock issued during period shares warrants exercised                             16,683   100,094 (123,678)      
Stock issued during period value warrants exercised                             $ 77,300   $ 77,300 $ (102,299)      
Shares outstanding               3,955 3,955 3,955 3,955     3,955 3,955 3,955 3,955 20,638 3,955   268,402
Common Stock [Member]                                          
Stock issued during period shares new issues                           57,743       69,252      
Number of shares convertible securities               562,251   39,830       562,251 126,833   761,038 4,715,346      
Stock issued during period value new issues                           $ 58       $ 69      
Common shares services               47,125   17,544       47,125 22,035   132,202 701,688      
Issued common shares for services               (47,125)   (17,544)       (47,125) (22,035)   (132,202) (701,688)      
Common shares for services received, value               $ 47   $ 17       $ 47 $ 22     $ 702      
Stock issued during period shares                             11,966   71,792 658,355      
Common shares in lieu of interest payment                                 270,270        
Stock issued during period shares warrants exercised                             (11,966)   (71,792) (658,355)      
Stock issued during period value warrants exercised                             $ (12)     $ (658)      
Shares outstanding               9,419,629 8,752,510 8,707,095 8,649,721     9,419,629 8,707,095 9,419,629 8,752,510 8,546,261 8,810,253   39,014,942
Conversion of common shares                               $ 228,727          
Fair value of derivative liabilities                               $ 119,359          
Shares, Issued               20,846           20,846   20,846       20,846  
Issuance of Common Shares [Member]                                          
Number shares removed previously to be issued                       6,683                  
Issuance of Common Shares [Member] | Minimum [Member]                                          
Cancellation of to be issued shares                       $ 42,500                  
Previously Reported [Member]                                          
Common stock, shares issued                 51,047,864               51,047,864        
Common stock, other shares, outstanding                 1,466,718               1,466,718        
Common shares for services received, value                                 $ 150,418        
Common shares for services received                       4,167                  
Common shares in lieu of interest payment, value                                 221,621        
Stock issued during period value warrants exercised                                 30,000        
Previously Reported [Member] | Convertible Promissory Notes [Member]                                          
Stock issued during period share conversion of convertible securities                     117,647 404,545                  
Previously Reported [Member] | Warrant [Member]                                          
Stock issued during period shares                       11,792                  
Stock issued during period shares warrants exercised                       (11,792)                  
Previously Reported [Member] | Shares To Be Issued [Member]                                          
Common shares for services received, value                                        
Common shares in lieu of interest payment, value                                        
Stock issued during period value warrants exercised                                 $ 77,300        
Shares outstanding                 23,723               23,723 123,817      
Previously Reported [Member] | Common Stock [Member]                                          
Common shares for services received, value                                 $ 132        
Common shares in lieu of interest payment, value                                 270        
Stock issued during period value warrants exercised                                 $ (72)        
Shares outstanding                 52,514,582               52,514,582 51,277,040      
Previously Reported [Member] | Issuance of Common Shares [Member]                                          
Number shares removed previously to be issued                       40,094                  
Exchange Agreement [Member]                                          
Stock issued during period shares new issues             13,376,947                            
Exchange Agreement [Member] | 11% Secured Convertible Promissory Notes [Member]                                          
Common stock exchange description             The outstanding 11% secured convertible promissory notes of iMedical were adjusted, in accordance with the adjustment provisions thereof, as and from closing, so as to permit the holders to convert (and in some circumstances permit the Company to force the conversion of) the convertible promissory notes into shares of the common stock of the Company at a 25% discount to purchase price per share in Biotricity’s next offering.                            
Discount percentage for purchase price per shares             25.00%                            
Exchange Agreement [Member] | Warrant [Member]                                          
Common stock exchange description             Each outstanding warrant to purchase common shares in iMedical was adjusted, in accordance with the terms thereof, such that it entitles the holder to receive approximately 1.197 shares of the common stock of the Company for each warrant, with an inverse adjustment to the exercise price of the warrants to reflect the exchange ratio of approximately 1.197:1                            
Exchange Agreement [Member] | Advisor Warrant [Member]                                          
Common stock exchange description             Each outstanding advisor warrant to purchase common shares in iMedical was adjusted, in accordance with the terms thereof, such that it entitles the holder to receive approximately 1.197 shares of the common stock of the Company for each advisor warrant, with an inverse adjustment to the exercise price of the Advisor Warrants to reflect the exchange ratio of approximately 1.197:1; and                            
Exchange Agreement [Member] | Options [Member]                                          
Common stock exchange description             Each outstanding option to purchase common shares in iMedical (whether vested or unvested) was exchanged, without any further action or consideration on the part of the holder of such option, for approximately 1.197 economically equivalent replacement options with an inverse adjustment to the exercise price of the replacement option to reflect the exchange ratio of approximately 1.197:1;                            
Purchase Agreement [Member]                                          
Debt instrument redemption price percentage                           110.00%              
Purchase Agreement [Member] | Beneficiary [Member]                                          
Ownership percentage 4.99%                                        
Shareholders [Member] | Exchange Agreement [Member]                                          
Stock issued during period shares new issues                                 52,514,582 51,277,040      
Common stock exchange description             The Company issued approximately 1.197 shares of its common stock in exchange for each common share of iMedical held by the iMedical shareholders who in general terms, are not residents of Canada (for the purposes of the Income Tax Act (Canada).                            
Shares outstanding               9,419,629 8,752,505         9,419,629   9,419,629 8,752,505        
Exchangeco [Member] | Exchange Agreement [Member]                                          
Common stock exchange description             Shareholders of iMedical who in general terms, are Canadian residents (for the purposes of the Income Tax Act (Canada)) received approximately 1.197 Exchangeable Shares in the capital of Exchangeco in exchange for each common share of iMedical held. Accordingly,                            
Number of exchangeable shares issued             9,123,031                            
Investors [Member]                                          
Stock issued during period shares new issues                                   1,423,260      
Advisor and Consultant [Member]                                          
Stock issued during period shares based compensation gross                                   25,000      
Advisor and Consultant [Member] | Warrant [Member]                                          
Stock issued during period shares based compensation gross                                   212,594      
Executive Officer [Member] | Warrant [Member]                                          
Stock issued during period shares based compensation gross                                   187,594      
Lenders [Member] | Warrant [Member]                                          
Placement warrants                                   57,536      
Warrants and rights outstanding                                   $ 198,713      
Share based compensation expiration date                                   Dec. 21, 2028      
Exercise price                                   $ 6.26      
Fair value assumptions risk free interest rate                                   1.40%      
Fair value assumptions expected volatility rate                                   121.71%      
Underwriter [Member] | Warrant [Member]                                          
Placement warrants                                   373,404      
Warrants and rights outstanding                                   $ 900,371      
Share based compensation expiration date                                   Aug. 26, 2026      
Exercise price                                   $ 3.75      
Fair value assumptions risk free interest rate                                   0.77%      
Fair value assumptions expected volatility rate                                   111.90%      
Executive [Member] | Warrant [Member]                                          
Stock issued during period shares new issues               868,098   218,785 19,714 8,972                  
Convertible notes payable                   $ 71,768         $ 71,768            
Class of warrant or right outstanding                   52,083         52,083            
Fair value adjustment of warrants                   $ 77,780                      
Placement warrants               69,062           69,062   69,062          
Derivative liabilities               $ 1,652,572           $ 1,652,572   $ 1,652,572          
Executive [Member] | Previously Reported [Member] | Warrant [Member]                                          
Stock issued during period shares new issues                   36,464 118,282 53,827                  
Chief Executive Officer [Member]                                          
Stock option cancelled   1,300,000                                      
Warrant exercise price   $ 5.44                                      
Expiry date   January 17, 2028                                      
Chief Executive Officer [Member] | Unit Distribution [Member]                                          
Exercise price   $ 1.25                                      
Expiry date   March 12, 2033                                      
New stock option granted   350,000                                      
Chief Executive Officer [Member] | Unit Distribution One [Member]                                          
Exercise price   $ 1.75                                      
New stock option granted   350,000                                      
Chief Executive Officer [Member] | Unit Distribution Two [Member]                                          
Exercise price   $ 0.81                                      
New stock option granted   1,000,000                                      
Note Holder [Member]                                          
Warrant exercise price               $ 4.18           $ 4.18   $ 4.18          
Placement Agent Warrants [Member]                                          
Warrant exercise price               $ 2.09           $ 2.09   $ 2.09          
Series A Preferred Stock [Member]                                          
Preferred stock, shares authorized               20,000 20,000         20,000   20,000 20,000 20,000      
Preferred stock convertible conversion price               $ 0.001 $ 0.001         $ 0.001   $ 0.001 $ 0.001 $ 0.001      
Stock issued during period shares new issues         6,000 6,000             100         288,756      
Preferred stock, shares issued       215 7,830 7,830   6,304 6,304         6,304   6,304 6,304 7,200      
Preferred stock, shares outstanding               6,304 6,304         6,304   6,304 6,304 7,200      
Preferred stock, liquidation preference               $ 1,000 $ 1,000         $ 1,000   $ 1,000 $ 1,000        
Preferred stock dividend rate percentage                           12.00%     12.00%        
Debt instrument redemption price percentage                           5.00%     5.00%        
Preferred stock convertible conversion price               0.001 $ 0.001         $ 0.001   0.001 $ 0.001        
Volume weighted average price percentage                           15.00%     15.00%        
Convertible notes payable                 $ 821,500               $ 821,500        
Issuance of preferred shares for private placement investors shares                                   100      
Gross proceeds       $ 100,000   $ 6,000,000             $ 100,000         $ 100,000      
Initial conversion price               $ 3.50           $ 3.50   $ 3.50          
Series B Preferred Stock [Member]                                          
Preferred stock, shares authorized               600         600   600        
Preferred stock convertible conversion price $ 0.001             $ 0.001 $ 0.001         $ 0.001   $ 0.001 $ 0.001        
Preferred stock, shares issued 220             180         180   180        
Preferred stock, shares outstanding               180         180   180        
Number of shares convertible securities               40                          
Convertible notes payable                 $ 157,720               $ 157,720        
Gross proceeds $ 1,900,000                                        
Preferred stock convertible purchase price $ 9,091                                        
Debt conversion description                           Holders may elect to convert shares of Series B Preferred Stock to common stock at an alternate conversion price equal to 80% (or 70% if the Company’s common stock is suspended from trading on or delisted from a principal trading market or if the Company has effected a reverse split of the common stock) of the lowest daily volume weighed average price of the common stock during the Alternate Conversion Measuring Period (as defined in the Certificate of Designations). In the event the Company receives a conversion notice that elects an alternate conversion price, the Company may, at its option, elect to satisfy its obligation under such conversion with payment in cash in an amount equal to 110% of the conversion amount.              
Series B Preferred Stock [Member] | Purchase Agreement [Member]                                          
Preferred stock convertible conversion price $ 10,000                                        
Preferred stock, shares issued 600                                        
Stated value percentage 8.00%                                        
Series B Preferred Stock [Member] | Purchase Agreement [Member] | Beneficiary [Member]                                          
Ownership percentage 19.90%