SUBSEQUENT EVENTS

12 Months Ended

Mar. 31, 2024

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

14. SUBSEQUENT EVENTS

During the period from April 1 to June 25, 2024, the following events occurred:

● The Company issued 110 Series B preferred shares valued at $1.1 million (face value), for net proceeds of $867,532 after issuance discounts and transaction fees. It also issued a further 55 Series B preferred shares valued at $550,000 (face value, for net proceeds of $445,000, in a separate transaction.

● The Company issued 320,321 common shares to Series B preferred shareholders in relation to shares to be issued obligation as of March 2024 for Series B preferred share conversions. During May 2024, the Company issued another 287,458 common shares to Series B preferred shareholders for an additional request to convert 25 Series B preferred shares.

● The Company issued 1,344,709 common shares to Series C convertible note holders upon receiving conversion requests for $1,177,700 (face value) of Series C convertible notes.

● The Company issued 8,952,170 common shares upon conversion of 6,104 Series A preferred shares and the respective accrued dividends, thereon.

● The Company issued 1,000,413 common shares in settlement of $741,316 in accounts payable. The Company also issued 40,000 common shares to a vendor as compensation for consulting services.

● The Company raised $125,227 from the sale of 97,811 shares, pursuant to a registration statement filed on May 15, 2024.