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Condensed Carve out Consolidated Interim Statements of Financial Position
Jan. 31, 2024
USD ($)
Mar. 31, 2023
USD ($)
Current assets    
Cash and cash equivalents $ 2,322,008 $ 1,334,343
Restricted cash   29,557
Other receivables 25,356 149,376
Prepaids 6,837 77,053
TOTAL ASSETS 2,354,201 1,590,329
Current liabilities    
Accounts payable and accrued liabilities 1,110,564 1,798,599
Convertible note liability 2,500,000  
Derivative warrant liabilities 776,608  
TOTAL LIABILITIES 7,463,330 1,798,599
EQUITY    
Share Capital 35,720,980 5,934,141
Accumulated Deficit (40,993,279) (6,291,875)
Foreign Currency Translation Reserve (OCI) 163,170 149,464
NET DEFICIT (5,109,129) (208,270)
TOTAL LIABILITIES AND NET DEFICIT 2,354,201 $ 1,590,329
NCAC Sponsor    
Current liabilities    
Due to related party 1,615,501  
Psyence Group Inc    
Current liabilities    
Due to related party $ 1,460,657