Plyzer (PLYZ) 10-Q 20 Nov 17 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Sep. 30, 2017shares
Document and Entity Information
Entity Registrant Name	Plyzer Technologies Inc.
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Entity Central Index Key	1,334,589
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding	40,516,476
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Trading Symbol	plyz

Balance Sheets

Balance Sheets - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Current Assets
Cash	$ 183,539	$ 199
Prepaid expenses and deposits	254,974	16,965
Total Current Assets	438,513	17,164
Furniture and equipment, net	3,496
TOTAL ASSETS	442,009	17,164
Current Liabilities
Accounts payable and accrued liabilities	98,166	85,652
Due to related parties	165,229	74,631
Convertible debt, net	69,580
Derivative liability	234,308
Total Current Liabilities	567,283	160,283
Long-term Liabilities
TOTAL LIABILITIES	567,283	160,283
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock value	40,516	34,616
Additional paid-in capital	3,358,195	3,069,094
Accumulated other comprehensive income	71,638	69,428
Accumulated deficit	(3,595,623)	(3,316,257)
Total Stockholders' Equity (Deficit)	(125,274)	(143,119)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 442,009	$ 17,164

Balance Sheets (parenthetical)

Balance Sheets (parenthetical) - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Balance Sheet
Accumulated depreciation, furniture	$ 0	$ 0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	40,516,476	34,616,476
Common stock, shares outstanding	40,516,476	34,616,476

Statements of Operations

Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement
Revenues
Operating Expenses
Development costs	18,482		69,483
General and administrative expenses	9,159	733	19,763	2,430
Professional fees	11,920	1,100	25,420	2,200
Consulting fees	9,250	(28,750)	19,500	(14,500)
Bad debt				36,000
Travel, meals and promotions	3,886		27,505
Total expenses	52,697	(26,917)	161,671	(9,870)
Income (loss) from operations	(52,697)	26,917	(161,671)	9,870
Gain (loss) on derivative	(28,348)		(40,808)
Interest expense	62,626	444	76,887	1,003
Net income (loss)	(143,671)	26,473	(279,366)	8,867
Other comprehensive gain (loss)	1,499	(2,742)	2,210	(2,583)
Comprehensive income (loss)	$ (142,172)	$ 23,731	$ (277,156)	$ 6,284
Basic and diluted net income (loss) per share, net	$ 0	$ 0	$ (0.01)	$ 0
Number of weighted average common shares outstanding	38,383,143	34,307,116	36,499,809	34,264,116

Statements of Cash Flows

Statements of Cash Flows - USD ($)	3 Months Ended	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (143,671)	$ (279,366)	$ 8,867
Adjustments to reconcile net loss to net cash used by operating activities:
Bad debt			36,000
Depreciation		699
Consulting fee settled in shares			7,000
Debt discount		69,580
Gain (loss) on derivative	(28,348)	(40,808)
Changes in operating assets and liabilities:
(Increase) decrease in prepaid expenses and deposits		(238,009)	350
Increase (decrease) in accounts payable and accrued liabilities		12,514	15,106
Net cash used in operating activities		(393,774)	(4,677)
CASH FLOW IN INVESTING ACTIVITIES
Purchase of furniture and equipment		4,195
Net cash used in investing activities		(4,195)
CASH FLOWS IN FINANCING ACTIVITIES
Advances from related parties		90,598
Proceeds from share issue		295,001
Proceeds from convertible loan		193,500
Net cash provided by financing activities		579,099
Effects of exchange rates on cash		2,210	(2,583)
Net increase (decrease) in cash		183,340	(7,260)
Cash, beginning of period		199	8,488
Cash, end of period	$ 183,539	183,539	1,228
SUPPLEMENTAL DISCLOSURES
Income taxes paid
Interest paid

Business Description and Summar

Business Description and Summary of Significant Accounting Policies	6 Months Ended
	Sep. 30, 2017
Notes
Business Description and Summary of Significant Accounting Policies	NOTE 1 - BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business Description Plyzer Technologies Inc. (the “Company”), incorporated on February 23, 2005 under the laws of the state of Nevada, and through its subsidiary in Toronto, Ontario, Canada is engaged in developing commercial web portal aimed at providing solutions for price comparison using artificial intelligence in a number of niche markets. Basis of Presentation The unaudited interim financial statements as of September 30, 2017 and for the three and six months ended September 30, 2017 and 2016 have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These financial statements are unaudited and, in the opinion of management, include all adjustments (consisting of normal recurring adjustments and accruals) necessary to present fairly the balance sheet, operating results and cash flows for the periods presented in accordance with accounting principles generally accepted in the United States of America. Operating results for the three and six months ended September 30, 2017 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2018. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted in accordance with the SEC’s rules and regulations for interim reporting. Consolidation The unaudited consolidated interim financial statements include the accounts of the Company and, a. Plyzer Corporation, a wholly owned subsidiary incorporated in the State of Delaware on December 9, 2016. b. Plyzer Technologies (Canada) Inc., a wholly owned subsidiary incorporated in Ontario, Canada on April 11, 2017. The unaudited interim financial statements should be read in conjunction with the Company’s Annual Report filed on Form 10-K for the year ended March 31, 2017. The significant accounting policies followed are same as those detailed in the said Annual Report, except for the following new accounting policies adopted during the six months ended September 30, 2017: Furniture and equipment Furniture and equipment items are stated at cost and depreciated to their estimated residual value over their estimated useful lives, which are presently considered to be three years. When assets are retired or otherwise disposed of, the assets and related accumulated depreciation are relieved from the accounts and the resulting gains or losses are included in the Statements of Operations. Repairs and maintenance costs are expensed as incurred. Depreciation is provided using the straight-line method. Convertible debts and Derivative liability Convertible loan notes issued by the Company have embedded conversion feature where principal liability and accrued interest are convertible, at the option of the loan holder, into common shares of the Company, at a price, based on the quoted market price of the Company’s common shares on the date of conversion discounted at an agreed percentage. The derivative liability is segregated and initially carried at fair value and subsequently remeasured on each reporting date at their fair value. The difference is taken to income as derivative gains or losses. The debt discount is amortized over the period of the loan and charged to interest expense. Loan is stated at amortized discount amount. Basic and Diluted Loss Per Share In accordance with ASC Topic 280 - "Earnings Per Share", the basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common stock outstanding. Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if the potential common stock had been issued and if the additional shares of common stock were dilutive. Potential common stock consists of the incremental common stock issuable upon the exercise of common stock warrants (using the if-converted method). The computation of basic loss per share for the period ended September 30, 2017 excludes potentially dilutive securities of 8,179,336 shares underlying share purchase warrants and convertible notes, because their inclusion would be antidilutive. As a result, the computations of net loss per share for each period presented is the same for both basic and fully diluted. Potentially dilutive securities outlined in the table below have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been anti-dilutive. September 30, 2017 March 31, 2017 Stock purchase warrants 5,900,000 -- Convertible notes 2,279,336 -- 8,179,336 -- Use of estimates The financial statements have been prepared in conformity with generally accepted accounting principles (GAAP). In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statement of financial position and revenues and expenses for the year then ended. Actual results may differ significantly from those estimates.

Going Concern

Going Concern	6 Months Ended
	Sep. 30, 2017
Notes
Going Concern	NOTE 2 - GOING CONCERN The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and this raises substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. While the Company has so far been successful in raising the required capital through debt and equity financing, management cannot provide any assurances that the Company will continue to be able to raise the funding required to complete its development work and commercial launch of the portal successfully in future. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. As of September 30, 2017, the Company has an accumulated deficit amount of approximately $3,595,623 million.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Sep. 30, 2017
Notes
Recent Accounting Pronouncements	NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers (Topic 606)". ASU No. 2014-09 supersedes the revenue recognition requirements in "Revenue Recognition (Topic 605)," and requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or service s. In July 2015, the FASB deferred the effective date of this pronouncement by one year to December 15, 2017 for annual reporting periods beginning after that date In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40)-Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”). ASU 2014-15 provides guidance to United States Generally Accepted Accounting Principles ("U.S. GAAP") about management’s responsibility to evaluate whether there is a substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. Specifically, ASU 2014-15 (1) defines the term substantial doubt, (2) requires an evaluation of every reporting period including interim periods, (3) provides principles for considering the mitigating effect of management’s plan, (4) requires certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) requires an express statement and other disclosures when substantial doubt is not alleviated, and (6) requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this update are effective for annual periods beginning after December 15, 2017 and interim periods within those reporting periods. Earlier adoption is permitted. This ASU is not anticipated to have a material impact on the Company's financial statements and notes to the financial statements. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, which provides guidance for the recognition, measurement, presentation, and disclosure of financial assets and liabilities. This ASU will be effective for the Company beginning in the first quarter of fiscal year 2019. The Company is evaluating the effects of the adoption of this ASU to its financial statements. In February 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-02, “Leases (Topic 842)”. Under this guidance, an entity is required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. This guidance offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. This guidance is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, and requires a modified retrospective adoption, with early adoption permitted. The Company does not expect the adoption to have a material impact on its consolidated financial statements upon adoption. ASU 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing (“ASU 2016-10”).” The amendments in ASU 2016-10 clarify the following two aspects of Topic 606: (a) Identifying performance obligations; and (b) the licensing implementation guidance. The amendments do not change the core principle of the guidance in Topic 606. This pronouncement has the same effective date as the new revenue standard, which is effective for annual reporting periods, including interim periods within those annual reporting periods, beginning after December 15, 2017. The Company is currently evaluating the effects of adopting ASU 2016-10 on its consolidated financial statements. ASU 2016-12, “Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients (“ASU 2016-12”).” The amendments in ASU 2016-12 provide clarifying guidance in certain narrow areas and add some practical expedients. The effective date and transition requirements for the amendments are the same as the effective date and transition requirements as Topic 606. The guidance will have the same effective date and transition requirements as the ASU 2014-09. The Company is currently evaluating the effects of adopting ASU 2016-12 on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial instruments." The amendments in this update change how companies measure and recognize credit impairment for many financial assets. The new expected credit loss model will require companies to immediately recognize an estimate of credit losses expected to occur over the remaining life of the financial assets (including trade receivables) that are in the scope of the update. The update also made amendments to the current impairment model for held-to-maturity and available-for-sale debt securities and certain guarantees. The guidance will become effective for us on January 1, 2020. Early adoption is permitted for periods beginning on or after January 1, 2019. We are evaluating the effect of ASU 2016-13 on our consolidated financial statements. ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”).” ASU 2016-15 eliminates the diversity in practice related to the classification of certain cash receipts and payments for debt prepayments or extinguishment costs, the maturing of a zero-coupon bond, the settlement of contingent liabilities arising from a business combination, proceeds from insurance settlements, distributions from certain equity method investees and beneficial interests obtained in a financial asset securitization. The guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within those annual reporting periods. The Company is currently evaluating the effects of adopting ASU 2016-15 on its consolidated financial statements, but the adoption is not expected to have a significant impact as of the filing of this report. In October 2016, the FASB issued ASU 2016-16, "Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory." The amendments in this update state that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory, such as intellectual property and property and equipment, when the transfer occurs. The amendments in this update will become effective for us on January 1, 2018. The amendments in this update should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. We do not expect that the adoption of ASU 2016-16 will have a material effect on our consolidated financial statements and related disclosures. ASU 2017-01, “Business Combinations (Topic 805) Clarifying the Definition of a Business (“ASU 2017-01”).” In January 2017, the FASB issued ASU 2017-01 to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within those annual reporting. The Company is currently evaluating the impact of adopting ASU 2017-01 on its consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities." The ASU expands and refines hedge accounting for both nonfinancial and financial risk components and aligns the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. In addition, the amendments in this update modify disclosure requirements for presentation of hedging activities. Those modifications include a tabular disclosure related to the effect on the income statement of fair value and cash flow hedges and eliminate the requirement to disclose the ineffective portion of the change in fair value of hedging instruments, if any. The ASU will become effective for us on January 1, 2019. Early application is permitted for all hedging relationships that exist at the date of adoption. We are evaluating the effect of ASU 2017-12 on our consolidated financial statements. The Company evaluates new pronouncements as issued and evaluates the effect of adoption on the Company at the time. The Company has determined that the adoption of recently adopted accounting pronouncements will not have an impact on the financial statements.

Prepaid Expenses and Deposit, D

Prepaid Expenses and Deposit, Disclosure	6 Months Ended
	Sep. 30, 2017
Notes
Prepaid Expenses and Deposit, Disclosure	NOTE 4 - PREPAID EXPENSES AND DEPOSIT September 30, 2017 March 31, 2017 Prepaid development costs $ 250,479 $ 16,965 Rent deposit 2,397 -- Taxes receivable 1,918 -- Prepaid expenses 181 -- $ 254,974 $ 16,965

Convertible Debts, Disclosure

Convertible Debts, Disclosure	6 Months Ended
	Sep. 30, 2017
Notes
Convertible Debts, Disclosure	NOTE 5 - CONVERTIBLE DEBTS September 30, 2017 March 31, 2017 Balance, at beginning of period $ -- $ 28,000 Accrued interest -- 4,560 Converted to additional paid in capital -- (31,561) Converted to common stock -- (999) Convertible notes issued i 193,500 -- Debt discount relating to notes issued (193,500) -- Amortization of debt discount 69,580 -- Balance, at end of period $ 69,580 $ -- i. During the six months ended September 30, 2017, the Company entered into the following Securities Purchased Agreements with independent lenders in connection with the issuance of convertible notes totalling $193,500 : # Amount in $ Issue date Maturity date Interest rate p.a. Conversion terms Prepayment terms 1 40,000 30-May-17 30-May-18 8% The conversion price is a variable conversion price which will be 60% of the market price. Market price is the lowest trading price during twenty trading days prior to the conversion date. The Company may pay this note any time 2 53,000 24-May-17 28-Feb-18 12% The conversion price is a variable conversion price which will be 61% of the market price. Market price is the average of the lowest 2 trading prices during 10 trading days prior to the conversion date. prepayment at premium ranging from 110% to 130% of the loan note if prepaid within 30 day and 180 days respectively. No prepayment after 180 days of issue. 3 28,000 20-Jun-17 20-Mar-18 12% same as above prepayment at premium ranging from 110% to 130% of the loan note if prepaid within 30 day and 180 days respectively. No prepayment after 180 days of issue. 4 39,500 08-Jun-17 08-Jun-18 10% The conversion price is is a variable conversion price which will be 61% of the market price. Market price is the average of the lowest 2 trading prices during 10 trading days prior to the conversion date. 5 33,000 07-Sep-17 15-Jun-18 12% The conversion price is a variable conversion price which will be 61% of the market price. Market price is the average of the lowest 2 trading prices during 10 trading days prior to the conversion date. prepayment at premium ranging from 110% to 130% of the loan note if prepaid within 30 day and 180 days respectively. No prepayment after 180 days of issue. 193,500

Derivative Liabilities, Disclos

Derivative Liabilities, Disclosure	6 Months Ended
	Sep. 30, 2017
Notes
Derivative Liabilities, Disclosure	NOTE 6 - DERIVATIVE LIABILITIES September 30, 2017 March 31, 2017 Balance, at beginning of period $ - $ -- Derivative additions associated with convertible notes on issuance 270,237 -- (Gain) on change in fair value as at period end ( 35,929 ) -- Balance, at end of period $ 234,308 $ -- Since the convertible loan notes issued during the period have a beneficial conversion feature which is contingent upon future market prices, they did not meet the conditions necessary for equity classification and as a result, the imbedded conversion feature is considered a derivative liability. The fair value of the derivative was estimated on the issue date and subsequently remeasured on September 30, 2017 using the Black-Scholes valuation technique, using the following assumptions Issue date: Sept. 30, 2017 March 31, 2017 Expected dividend nil nil Risk free interest rate 1% 1% Expected volatility 86.54% - 107.84% 105.15%-109.26% Expected term 245 days - 365 days 214 days -254 days

Common Stock Disclosure

Common Stock Disclosure	6 Months Ended
	Sep. 30, 2017
Notes
Common Stock Disclosure	NOTE 7 - COMMON STOCK On May 2, 2017, the Company initiated a private placement of up to 10 million Units at a price of $0.05 per Unit. Each Unit consisted of one common share and one warrant. Warrant is convertible into one share at an exercise price of $0.20 per share and is valid for two years. During the period to September 30, 2017, the Company issued 5.9 million Units for net proceeds of $295,001 . The Company issued on December 21, 2016, 5 million restricted common shares to Lupama as a joining bonus as per the terms of the consulting agreement signed with Lupama. These shares were valued at $350,000 , based on the quoted market price of $0.07 per common share on the date of issuance. As per the terms of the consulting agreement, these shares will vest only after 12 months and are subject to the consultant not resigning or the consulting agreement not terminating prior to the vesting date. As a result, the value of the shares will be accounted only on their vesting unconditionally. At September 30, 2017 and March 31, 2017, the Company had 200,000,000 common shares of par value $0.001 common stock authorized.

Warrants, Disclosure

Warrants, Disclosure	6 Months Ended
	Sep. 30, 2017
Notes
Warrants, Disclosure	NOTE 8 - WARRANTS As explained in Note 8, the Company issued 5.9 million warrants in connection with the private placement. Fair value of 5.9 million warrants issued was estimated at $318,782 using the Black-Scholes valuation technique, using the following assumptions: Expected dividend nil Risk free interest rate 1% Expected volatility 72.695 to 78.97% Expected term 730 days The value of warrants has been included in the paid in capital.

Commitment, Disclosure

Commitment, Disclosure	6 Months Ended
	Sep. 30, 2017
Notes
Commitment, Disclosure	NOTE 9 - COMMITMENT Under the terms of the consulting agreement with Lupama, Lupama shall be entitled to receive an additional 25 million restricted common shares as follows: On Plyzer becoming a fully functional commercial site for consumers 10 million On Plyzer becoming a fully functional commercial site for companies 5 million On enrolment of first 100,000 users/month 5 Million On achievement of first $50,000 in revenue 5 Million Exact dates on which the above milestones would be achieved was not known as at September 30, 2017.

Related Party Transactions, Dis

Related Party Transactions, Disclosure	6 Months Ended
	Sep. 30, 2017
Notes
Related Party Transactions, Disclosure	NOTE 10 - RELATED PARTY TRANSACTIONS ADVANCES FROM DIRECTOR AND STOCKHOLDER September 30, 2017 March 31, 2017 Balance, beginning of period $ 74,631 $ -- Funds advanced (net) 90,598 74,631 Balance, end of period $ 165,229 $ 74,631 Funds were advanced from time to time by Mr. Terence Robinson, the CEO and the sole director and by Current Capital Corp., a company owned by a brother of the CEO and a shareholder. CONSULTING FEES Three months ended Six months ended September 30, 2017 2016 2017 2016 Fee charged by the management $ 6,250 $ 6,250 $ 12,500 $ 12,500 Other consulting fees 3,000 1,000 7,000 9,000 $ 9,250 $ 7,250 $ 19,500 $ 21,500 TRAVEL, MEALS AND PROMOTION Comprises expenses of $27,505 charged by the CEO. (September 30, 2016: $ nil) ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Includes $175,450 (March 31, 2017: $25,000 ) due to the CEO. TRANSACTIONS WITH LUPAMA PRODUCCIONES S.SL. (LUPAMA) Lupama’s key owner, Mr. Luis Pallares is the CEO of the Company’s subsidiary, Plyzer Technologies (Canada) Inc. During the three and six months ended September 30, 2017, Lupama charged $nil and $29,710 respectively (for the three and six months ended September 30, 2016:$nil) towards development costs. As at September 30, 2017, $250,479 was prepaid to Lupama towards development costs to be incurred. (As at September 30, 2016: $nil)

Subsequent Events

Subsequent Events	6 Months Ended
	Sep. 30, 2017
Notes
Subsequent Events	NOTE 11 - SUBSEQUENT EVENTS On November 3, 2017, the Company incorporated in Ontario, Canada, a wholly owned subsidiary, Plyzer Blockchain Technologies Inc. The Company has evaluated subsequent events from the balance sheet date through the date these financial statements were issued and concluded that there are no other events to disclose.

Business Description and Summ17

Business Description and Summary of Significant Accounting Policies: Basis of Presentation (Policies)	6 Months Ended
	Sep. 30, 2017
Policies
Basis of Presentation	Basis of Presentation The unaudited interim financial statements as of September 30, 2017 and for the three and six months ended September 30, 2017 and 2016 have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These financial statements are unaudited and, in the opinion of management, include all adjustments (consisting of normal recurring adjustments and accruals) necessary to present fairly the balance sheet, operating results and cash flows for the periods presented in accordance with accounting principles generally accepted in the United States of America. Operating results for the three and six months ended September 30, 2017 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2018. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted in accordance with the SEC’s rules and regulations for interim reporting.

Business Description and Summ18

Business Description and Summary of Significant Accounting Policies: Consolidation, Policy (Policies)	6 Months Ended
	Sep. 30, 2017
Policies
Consolidation, Policy	Consolidation The unaudited consolidated interim financial statements include the accounts of the Company and, a. Plyzer Corporation, a wholly owned subsidiary incorporated in the State of Delaware on December 9, 2016. b. Plyzer Technologies (Canada) Inc., a wholly owned subsidiary incorporated in Ontario, Canada on April 11, 2017. The unaudited interim financial statements should be read in conjunction with the Company’s Annual Report filed on Form 10-K for the year ended March 31, 2017. The significant accounting policies followed are same as those detailed in the said Annual Report, except for the following new accounting policies adopted during the six months ended September 30, 2017:

Business Description and Summ19

Business Description and Summary of Significant Accounting Policies: Furniture and Equipment, Policy (Policies)	6 Months Ended
	Sep. 30, 2017
Policies
Furniture and Equipment, Policy	Furniture and equipment Furniture and equipment items are stated at cost and depreciated to their estimated residual value over their estimated useful lives, which are presently considered to be three years. When assets are retired or otherwise disposed of, the assets and related accumulated depreciation are relieved from the accounts and the resulting gains or losses are included in the Statements of Operations. Repairs and maintenance costs are expensed as incurred. Depreciation is provided using the straight-line method.

Business Description and Summ20

Business Description and Summary of Significant Accounting Policies: Convertible Debts and Derivative Liability, Policy (Policies)	6 Months Ended
	Sep. 30, 2017
Policies
Convertible Debts and Derivative Liability, Policy	Convertible debts and Derivative liability Convertible loan notes issued by the Company have embedded conversion feature where principal liability and accrued interest are convertible, at the option of the loan holder, into common shares of the Company, at a price, based on the quoted market price of the Company’s common shares on the date of conversion discounted at an agreed percentage. The derivative liability is segregated and initially carried at fair value and subsequently remeasured on each reporting date at their fair value. The difference is taken to income as derivative gains or losses. The debt discount is amortized over the period of the loan and charged to interest expense. Loan is stated at amortized discount amount.

Business Description and Summ21

Business Description and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share, Policy (Policies)	6 Months Ended
	Sep. 30, 2017
Policies
Basic and Diluted Loss Per Share, Policy	Basic and Diluted Loss Per Share In accordance with ASC Topic 280 - "Earnings Per Share", the basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common stock outstanding. Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if the potential common stock had been issued and if the additional shares of common stock were dilutive. Potential common stock consists of the incremental common stock issuable upon the exercise of common stock warrants (using the if-converted method). The computation of basic loss per share for the period ended September 30, 2017 excludes potentially dilutive securities of 8,179,336 shares underlying share purchase warrants and convertible notes, because their inclusion would be antidilutive. As a result, the computations of net loss per share for each period presented is the same for both basic and fully diluted. Potentially dilutive securities outlined in the table below have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been anti-dilutive. September 30, 2017 March 31, 2017 Stock purchase warrants 5,900,000 -- Convertible notes 2,279,336 -- 8,179,336 --

Business Description and Summ22

Business Description and Summary of Significant Accounting Policies: Use of Estimates (Policies)	6 Months Ended
	Sep. 30, 2017
Policies
Use of Estimates	Use of estimates The financial statements have been prepared in conformity with generally accepted accounting principles (GAAP). In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statement of financial position and revenues and expenses for the year then ended. Actual results may differ significantly from those estimates.

Business Description and Summ23

Business Description and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share, Policy: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Tables)	6 Months Ended
	Sep. 30, 2017
Tables/Schedules
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	September 30, 2017 March 31, 2017 Stock purchase warrants 5,900,000 -- Convertible notes 2,279,336 -- 8,179,336 --

Prepaid Expenses and Deposit,24

Prepaid Expenses and Deposit, Disclosure: Schedule of Prepaid Expenses and Deposits (Tables)	6 Months Ended
	Sep. 30, 2017
Tables/Schedules
Schedule of Prepaid Expenses and Deposits	September 30, 2017 March 31, 2017 Prepaid development costs $ 250,479 $ 16,965 Rent deposit 2,397 -- Taxes receivable 1,918 -- Prepaid expenses 181 -- $ 254,974 $ 16,965

Convertible Debts, Disclosure_

Convertible Debts, Disclosure: Schedule of Convertible Debt (Tables)	6 Months Ended
	Sep. 30, 2017
Tables/Schedules
Schedule of Convertible Debt	September 30, 2017 March 31, 2017 Balance, at beginning of period $ -- $ 28,000 Accrued interest -- 4,560 Converted to additional paid in capital -- (31,561) Converted to common stock -- (999) Convertible notes issued i 193,500 -- Debt discount relating to notes issued (193,500) -- Amortization of debt discount 69,580 -- Balance, at end of period $ 69,580 $ --

Convertible Debts, Disclosure26

Convertible Debts, Disclosure: Schedule of Debt Conversions Terms (Tables)	6 Months Ended
	Sep. 30, 2017
Tables/Schedules
Schedule of Debt Conversions Terms	# Amount in $ Issue date Maturity date Interest rate p.a. Conversion terms Prepayment terms 1 40,000 30-May-17 30-May-18 8% The conversion price is a variable conversion price which will be 60% of the market price. Market price is the lowest trading price during twenty trading days prior to the conversion date. The Company may pay this note any time 2 53,000 24-May-17 28-Feb-18 12% The conversion price is a variable conversion price which will be 61% of the market price. Market price is the average of the lowest 2 trading prices during 10 trading days prior to the conversion date. prepayment at premium ranging from 110% to 130% of the loan note if prepaid within 30 day and 180 days respectively. No prepayment after 180 days of issue. 3 28,000 20-Jun-17 20-Mar-18 12% same as above prepayment at premium ranging from 110% to 130% of the loan note if prepaid within 30 day and 180 days respectively. No prepayment after 180 days of issue. 4 39,500 08-Jun-17 08-Jun-18 10% The conversion price is is a variable conversion price which will be 61% of the market price. Market price is the average of the lowest 2 trading prices during 10 trading days prior to the conversion date. 5 33,000 07-Sep-17 15-Jun-18 12% The conversion price is a variable conversion price which will be 61% of the market price. Market price is the average of the lowest 2 trading prices during 10 trading days prior to the conversion date. prepayment at premium ranging from 110% to 130% of the loan note if prepaid within 30 day and 180 days respectively. No prepayment after 180 days of issue. 193,500

Derivative Liabilities, Discl27

Derivative Liabilities, Disclosure: Schedule of Derivative Liabilities (Tables)	6 Months Ended
	Sep. 30, 2017
Tables/Schedules
Schedule of Derivative Liabilities	September 30, 2017 March 31, 2017 Balance, at beginning of period $ - $ -- Derivative additions associated with convertible notes on issuance 270,237 -- (Gain) on change in fair value as at period end ( 35,929 ) -- Balance, at end of period $ 234,308 $ --

Derivative Liabilities, Discl28

Derivative Liabilities, Disclosure: Schedule of Fair Value Assumptions Used (Tables)	6 Months Ended
	Sep. 30, 2017
Tables/Schedules
Schedule of Fair Value Assumptions Used	Issue date: Sept. 30, 2017 March 31, 2017 Expected dividend nil nil Risk free interest rate 1% 1% Expected volatility 86.54% - 107.84% 105.15%-109.26% Expected term 245 days - 365 days 214 days -254 days

Warrants, Disclosure_ Schedule

Warrants, Disclosure: Schedule of Warrants Valuation (Tables)	6 Months Ended
	Sep. 30, 2017
Tables/Schedules
Schedule of Warrants Valuation	Expected dividend nil Risk free interest rate 1% Expected volatility 72.695 to 78.97% Expected term 730 days

Commitment, Disclosure_ Schedul

Commitment, Disclosure: Schedule of Consulting Agreement Share Commitment (Tables)	6 Months Ended
	Sep. 30, 2017
Tables/Schedules
Schedule of Consulting Agreement Share Commitment	On Plyzer becoming a fully functional commercial site for consumers 10 million On Plyzer becoming a fully functional commercial site for companies 5 million On enrolment of first 100,000 users/month 5 Million On achievement of first $50,000 in revenue 5 Million

Related Party Transactions, D31

Related Party Transactions, Disclosure: Schedule of Advances from Stockholder (Tables)	6 Months Ended
	Sep. 30, 2017
Tables/Schedules
Schedule of Advances from Stockholder	September 30, 2017 March 31, 2017 Balance, beginning of period $ 74,631 $ -- Funds advanced (net) 90,598 74,631 Balance, end of period $ 165,229 $ 74,631

Related Party Transactions, D32

Related Party Transactions, Disclosure: Schedule of Consulting Fees from Related Parties (Tables)	6 Months Ended
	Sep. 30, 2017
Tables/Schedules
Schedule of Consulting Fees from Related Parties	Three months ended Six months ended September 30, 2017 2016 2017 2016 Fee charged by the management $ 6,250 $ 6,250 $ 12,500 $ 12,500 Other consulting fees 3,000 1,000 7,000 9,000 $ 9,250 $ 7,250 $ 19,500 $ 21,500

Business Description and Summ33

Business Description and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share, Policy: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details)	6 Months Ended
	Sep. 30, 2017shares
Potentially dilutive securities excluded from the computation of diluted net loss per share	8,179,336
Stock purchase warrants (Potentially dilutive securities)
Potentially dilutive securities excluded from the computation of diluted net loss per share	5,900,000
Convertible notes (Potentially dilutive securities)
Potentially dilutive securities excluded from the computation of diluted net loss per share	2,279,336

Going Concern (Details)

Going Concern (Details) - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Details
Accumulated deficit	$ 3,595,623	$ 3,316,257

Prepaid Expenses and Deposit,35

Prepaid Expenses and Deposit, Disclosure: Schedule of Prepaid Expenses and Deposits (Details) - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Prepaid expenses and deposits	$ 254,974	$ 16,965
Prepaid development costs
Prepaid expenses and deposits	250,479	$ 16,965
Rent deposit
Prepaid expenses and deposits	2,397
Taxes receivable
Prepaid expenses and deposits	1,918
Prepaid fee
Prepaid expenses and deposits	$ 181

Convertible Debts, Disclosure36

Convertible Debts, Disclosure: Schedule of Convertible Debt (Details) - USD ($)	Sep. 30, 2017	Mar. 31, 2017	Mar. 31, 2016
Convertible debt, net	$ 69,580		$ 28,000
Accrued interest on convertible debt
Convertible debts, gross		$ 4,560
Converted to additional paid-in capital
Convertible debts, gross		(31,561)
Converted to common stock
Convertible debts, gross		$ (999)
Convertible notes issued
Convertible debts, gross	193,500
Debt discount relating to notes issued
Convertible debts, gross	(193,500)
BCF amortization of discount
Convertible debts, gross	$ 69,580

Convertible Debts, Disclosure (

Convertible Debts, Disclosure (Details)	6 Months Ended
	Sep. 30, 2017USD ($)
Details
Proceeds from convertible loan	$ 193,500

Derivative Liabilities, Discl38

Derivative Liabilities, Disclosure: Schedule of Derivative Liabilities (Details)	6 Months Ended
	Sep. 30, 2017USD ($)
Details
Derivative additions associated with convertible notes	$ 270,237
Gain on change in fair value as at period end	35,929
Derivative liability	$ 234,308

Common Stock Disclosure (Detail

Common Stock Disclosure (Details) - USD ($)	6 Months Ended	12 Months Ended
	Sep. 30, 2017	Mar. 31, 2017
Common stock authorized for issuance	200,000,000	200,000,000
Common stock par value	$ 0.001	$ 0.001
Private Placement Issuance
Common stock issued for cash	5,900,000
Proceeds from sale of common stock	$ 295,001
Lupama Consulting Agreement
Restricted common shares issued, bonus, not yet vested		5,000,000
Value of restricted common share bonus		$ 350,000

Warrants, Disclosure (Details)

Warrants, Disclosure (Details) shares in Millions, $ in Millions	Sep. 30, 2017USD ($)shares
Details
Warrants issued | shares	5.9
Warrants estimated value | $	$ 318,782

Related Party Transactions, D41

Related Party Transactions, Disclosure: Schedule of Advances from Stockholder (Details) - USD ($)	6 Months Ended
	Sep. 30, 2017	Mar. 31, 2017
Due to related party	$ 165,229	$ 74,631
Advances from related parties	90,598
Advances from a director and stockholder
Due to related party	165,229	$ 74,631
Advances from related parties	$ 90,598

Related Party Transactions, D42

Related Party Transactions, Disclosure: Schedule of Consulting Fees from Related Parties (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Consulting fees - related parties	$ 9,250	$ 7,250	$ 19,500	$ 21,500
Fee Charged by management
Consulting fees - related parties	6,250	6,250	12,500	12,500
Other consulting fees
Consulting fees - related parties	$ 3,000	$ 1,000	$ 7,000	$ 9,000

Related Party Transactions, D43

Related Party Transactions, Disclosure (Details) - USD ($)	3 Months Ended	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	Mar. 31, 2017
Travel, meals and promotions	$ 3,886	$ 27,505
Fee Charged by management
Travel, meals and promotions		27,505
Due to the CEO
Accounts Payable and Accrued Liabilities - related party	$ 175,450	$ 175,450	$ 25,000