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ACQUISITIONS (Tables)

12 Months Ended

Mar. 31, 2022

Disclosure of detailed information about business combination


Acquisition Summary		$000’s
Pre-acquisition cash advances to Adelia		912
Share consideration		19,549
Contingent consideration		4,257
Fair value of purchase consideration		24,718
Less:	Cash at closing	(65)
Plus:	Total debt assumed	111
Enterprise value		24,764


Allocation of purchase price:
	Current assets	43
	Net Equipment	480
	Patents	1,606
	Liabilities assumed	(735)
	Goodwill	23,370
Total allocation of purchase price		24,764

The following revenue and net income (loss) attributable subsequent to the Adelia Transaction are included in the Company’s consolidated financial statements for the year ended March 31, 2021:



			$000’s
Revenue			—
Net loss			(1,876)

Had the acquisition occurred on April 1, 2020, the Company estimates that it would have reported the following consolidated revenue and net loss for the year ended March 31, 2021:



			$000’s
Revenue			—
Net loss			(3,191)