DERIVATIVE LIABILITIES (Tables)

12 Months Ended

Mar. 31, 2024

Debt Instrument [Line Items]

SCHEDULE OF DERIVATIVE LIABILITIES

	Fiscal Year 2024 $			Fiscal Year 2023 $
Derivative liabilities, beginning of year		759,065			352,402
New issuance [Note 9]		964,446			-
Change in fair value of derivatives during the year		(92,961	)		459,699
Reduction due to preferred shares redeemed [Note 9]		(194,882	)		(53,036	)
Derivative liabilities, end of year		1,435,668			759,065

SCHEDULE OF DERIVATIVE COMPONENTS VALUATION ASSUMPTIONS

The lattice methodology was used to value the derivative components, using the following assumptions:

	Fiscal Year		Fiscal Year
	2024		2023
Dividend yield (%)		12		12
Risk-free rate for term (%)		4.7 – 13.7		1.90 – 4.40
Volatility (%)		71.9 – 119.1		82.2 – 108.2
Remaining terms (Years)		0.25 – 2.01		0.5 – 1.12
Stock price ($ per share)		0.98 – 3.82		2.76 – 10.62

Convertible Debt [Member]

Debt Instrument [Line Items]

SCHEDULE OF DERIVATIVE LIABILITIES

	Fiscal Year 2024 $			Fiscal Year 2023 $
Balance beginning of year		1,008,216			520,747
New Issuance		1,224,932			685,417
Conversion to common shares		(45,680	)		(192,794	)
Change in fair value of derivative liabilities		83,184			24,174
End of derivative treatment of warrants		(1,278,786	)		-
Convertible note modification		-			14,082
Convertible note redemption		-			(43,410	)
Balance end of year		991,866			1,008,216

SCHEDULE OF DERIVATIVE COMPONENTS VALUATION ASSUMPTIONS

The Monte-Carlo methodology was used to value the convertible note and warrant derivative components, using the following assumptions:

	Fiscal Year		Fiscal Year
	2024		2023
Risk-free rate for term (%)		4.2 – 5.3		4.10 – 4.70
Volatility (%)		76.2 – 126.6		92.2 – 94.5
Remaining terms (Years)		0.25 – 1.49		1.34 – 1.59
Stock price ($ per share)		1.08 – 4.20		2.76 – 4.68