OPERATING LEASE RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS

3 Months Ended

Jun. 30, 2025

Operating Lease Right-of-use Assets And Lease Obligations

OPERATING LEASE RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS

10. OPERATING LEASE RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS

The Company has one operating lease primarily for office and administration.

During December 2021, the Company entered into a new lease agreement. The Company paid $85,000 deposit that would be returned at the end of the lease. In December 2022, the Company started a new lease with an additional suite in the same premise as the existing lease.

When measuring the lease obligations, the Company discounted lease payments using its incremental borrowing rate. The weighted-average-rate applied is 11.4%.

	Fiscal Year 2025			Fiscal Year 2024
Right of Use Asset	$			$
Beginning balance at March 31		812,053			1,221,593
Amortization		(110,870	)		(97,577	)
Ending balance at June 30		701,183			1,124,016

	2025			2024
Lease Liability		$			$
Beginning balance at March 31		929,116			1,386,486
Repayment and interest accretion, net		(125,736	)		(108,080	)
Ending balance at June 30		803,380			1,278,406

BIOTRICITY INC.

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

JUNE 30, 2025 (Unaudited)

(Expressed in US dollars)

	June 30, 2025		March 31, 2025
Lease Liability		$		$
Current portion of operating lease liability		551,208		531,286
Noncurrent portion of operating lease liability		252,172		397,830

The operating lease expense was $159,702 for the three months ended June 30, 2025(2024: $148,885) and included in the selling, general and administrative expenses. Operating cash flows from operating leases amounted to $149,698 and $145,338 during the three months ended June 30, 2025 and June 30, 2024, respectively.

The following table represents the contractual undiscounted cash flows for lease obligations as at June 30, 2025:

Calendar year	$
2025		600,288
2026		565,359
2027		-
Total undiscounted lease liability		1,165,647
Less imputed interest		(362,267	)
Total		803,380