Plyzer (PLYZ) 10-Q/A 11 Sep 18 2019 Q1 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2018	Sep. 04, 2018
Document and Entity Information
Entity Registrant Name	Plyzer Technologies Inc.
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Entity Central Index Key	1,334,589
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding		73,923,804
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	2,019
Document Fiscal Period Focus	Q1
Trading Symbol	plyz

Balance Sheets

Balance Sheets - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Current Assets
Cash	$ 39,165	$ 261,575
Prepaid expenses and deposits	13,970	16,287
Total Current Assets	53,135	277,862
Furniture and equipment, net	4,575	5,229
TOTAL ASSETS	57,710	283,091
Current Liabilities
Accounts payable and accrued liabilities	180,828	148,606
Due to related parties	172,568	195,099
Convertible debt, net	248,413	121,827
Derivative liability	1,029,720	933,198
Total Current Liabilities	1,631,529	1,398,730
Long-term Liabilities
TOTAL LIABILITIES	1,631,529	1,398,730
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock value	43,183	43,183
Additional paid-in capital	3,967,152	3,901,238
Accumulated other comprehensive income	66,935	65,353
Accumulated deficit	(5,651,089)	(5,125,413)
Total Stockholders' Equity (Deficit)	(1,573,819)	(1,115,639)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 57,710	$ 283,091

Balance Sheets (parenthetical)

Balance Sheets (parenthetical) - USD ($)	Jun. 30, 2018	Mar. 31, 2018
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	43,183,271	43,183,271
Common stock, shares outstanding	43,183,271	43,183,271

Statements of Operations

Statements of Operations - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Income Statement
Revenues
Operating Expenses
Development costs	283,458	51,001
General and administrative expenses	11,554	10,604
Professional fees	29,300	13,500
Consulting fees	23,726	10,250
Travel, meals and promotions		23,619
Total expenses	348,038	108,974
Income (loss) from operations	(348,038)	(108,974)
Premium on early settlement of loans	21,975
Gain (loss) on derivative	53,496	(12,460)
Interest expense and amortization of debt	209,159	14,261
Net income (loss)	(525,676)	(135,695)
Other comprehensive gain (loss)	1,582	711
Comprehensive income (loss)	$ (524,094)	$ (134,984)
Basic and diluted net income (loss) per share, net	$ (0.01)	$ 0
Number of weighted average common shares outstanding	43,183,271	34,616,476

Statements of Stockholders' Equ

Statements of Stockholders' Equity - USD ($)	Common Shares	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Total
Beginning Balance, shares at Mar. 31, 2017	34,616,476
Beginning Balance, amount at Mar. 31, 2017	$ 34,616	$ 3,069,094	$ (3,316,257)	$ 69,428	$ (143,119)
Foreign currency translation				711	711
Net income (loss) for the period			(135,695)		(135,695)
Ending Balance, shares at Jun. 30, 2017	34,616,476
Ending Balance, amount at Jun. 30, 2017	$ 34,616	3,069,094	(3,451,952)	70,139	(278,103)
Beginning Balance, shares at Mar. 31, 2018	43,183,271
Beginning Balance, amount at Mar. 31, 2018	$ 43,183	3,901,238	(5,125,413)	65,353	(1,115,639)
Derivative liability reclassified as additional paid-in capital		65,914			65,914
Foreign currency translation				1,582	1,582
Net income (loss) for the period			(525,676)		(525,676)
Ending Balance, shares at Jun. 30, 2018	43,183,271
Ending Balance, amount at Jun. 30, 2018	$ 43,183	$ 3,967,152	$ (5,651,089)	$ 66,935	$ (1,573,819)

Statements of Cash Flows

Statements of Cash Flows - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (525,676)	$ (135,695)
Adjustments to reconcile net loss to net cash used by operating activities:
Debt discount	194,718	12,907
Depreciation	654	112
Gain (loss) on derivative	53,496	(12,460)
Amortization of debt discount	194,718
Changes in operating assets and liabilities:
(Increase) decrease in prepaid expenses and deposits	2,317	(45,975)
Increase (decrease) in accounts payable and accrued liabilities	32,222	1,235
Net cash used in operating activities	(349,261)	(154,956)
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		77,656
Repayment of advances to related parties	22,531
Settlement of convertible loans	71,000
Proceeds from convertible loans	218,800	121,000
Net cash provided by financing activities	125,269	198,656
Effects of exchange rates on cash	1,582	711
Net increase (decrease) in cash	(222,410)	40,216
Cash, beginning of period	261,575	199
Cash, end of period	39,165	40,415
SUPPLEMENTAL DISCLOSURES
Income taxes paid
Interest paid	4,679
Non-Cash Investing and Financing Activities
Derivative liability reclassified as additional paid-in capital	$ 65,914

Business Description and Summar

Business Description and Summary of Significant Accounting Policies	3 Months Ended
	Jun. 30, 2018
Notes
Business Description and Summary of Significant Accounting Policies	NOTE 1 - BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (A) Business Description Plyzer Technologies Inc. (the “Company”), incorporated on February 23, 2005 under the laws of the state of Nevada, and through its subsidiaries, is engaged in developing commercial web portal aimed at providing solutions for price comparison using artificial intelligence in a number of niche markets. In December 2016, the Company entered into a development and consulting agreement with Lupama Producciones,S.L., a Spanish private corporation (“Lupama”). Lupama will be managing and developing for Plyzer the proposed web portal. Lupama’s CEO, Mr. Luis Pallares is also made CEO of the Company’s subsidiary. (B) Basis of Presentation The unaudited interim financial statements as of June 30, 2018 and for the three months ended June 30, 2018 and 2017 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 months ended June 30, 2018 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2019. 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. (C) 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. c. Plyzer Blockchain Technologies Inc., a wholly owned subsidiary incorporated in Ontario, Canada on November 3, 2017. The subsidiary has not yet commenced any operations. 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, 2018. The significant accounting policies followed are same as those detailed in the said Annual Report. (D) 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. (E) 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 June 30, 2018 excludes potentially dilutive securities of 7,831,439 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. June 30, 2018 March 31, 2018 Stock purchase warrants 5,900,000 5,900,000 Convertible notes 1,931,439 2,145,573 7,831,439 8,045,573

Going Concern

Going Concern	3 Months Ended
	Jun. 30, 2018
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 June 30, 2018, the Company has an accumulated deficit amount of $5,651,089 .

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Jun. 30, 2018
Notes
Recent Accounting Pronouncements	NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”. The amendments in this ASU requires that a lessee recognize the assets and liabilities that arise from operating leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. For public business entities, the amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application of the amendments in this ASU is permitted for all entities. The Company is currently evaluating the impact on its consolidated financial position and results of operations upon adopting these amendments. Based on its preliminary evaluation, the Company expects to start recognizing lease assets and lease liabilities for its operating leases on the Company’s statements of financial position as of the end of the first fiscal quarter of 2019 and the comparative period presented. The Company expects no material impact on its results of operations or cash flows in the periods after adoption. 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. In January 2017, the Financial Accounting Standards Board ("FASB") issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business, and ASU No. 2017-04, Intangibles- Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment. ASU No. 2017-01 clarifies 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 periods beginning after December 15, 2017, including interim periods within those periods. ASU No. 2017-04 eliminates Step 2 of the goodwill impairment test and requires a goodwill impairment to be measured as the amount by which a reporting unit’s carrying amount exceeds its fair value, not to exceed the carrying amount of its goodwill. The ASU is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. The Company expects no material impact on its results of operations or cash flows in the periods after adoption. In February 2018, the FASB issued ASU 2018-02: “Income Statement-Reporting Comprehensive Income (Topic 220)-Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income”. The amendments in this ASU allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act (the “Act”). Consequently, the amendments eliminate the stranded tax effects resulting from the Act and will improve the usefulness of information reported to financial statement users. However, because the amendments only relate to the reclassification of the income tax effects of the Act, the underlying guidance that requires that the effect of a change in tax laws or rates be included in income from continuing operations is not affected. The amendments in this ASU also require certain disclosures about stranded tax effects. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact on its consolidated financial position and results of operations upon adopting these amendments. In June 2018, the FASB issued ASU 2018-07: “Compensation-Stock Compensation (Topic 718)- Improvements to Nonemployee Share-Based Payment Accounting”. The Board is issuing this Update as part of its Simplification Initiative. The amendments in this Update expand the scope of Topic 718 to include share based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the attribution of cost (that is, the period of time over which share-based payment awards vest and the pattern of cost recognition over that period). The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The amendments also clarify that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Topic 606, Revenue from Contracts with Customers. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. The Company expects no material impact on its results of operations or cash flows in the periods after adoption. 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 Di

Prepaid Expenses and Deposit Disclosure	3 Months Ended
	Jun. 30, 2018
Notes
Prepaid Expenses and Deposit Disclosure	NOTE 4 - PREPAID EXPENSES AND DEPOSIT June 30, 2018 March 31, 2018 Prepaid development costs $ 6,000 $ 9,000 Rent deposit 3,086 3,086 Taxes receivable 4,755 4,046 Prepaid cost 129 155 $ 13,970 $ 16,287

Convertible Debts Disclosure

Convertible Debts Disclosure	3 Months Ended
	Jun. 30, 2018
Notes
Convertible Debts Disclosure	NOTE 5 - CONVERTIBLE DEBTS June 30, 2018 March 31, 2018 Balance, at beginning of period $ 121,827 $ -- Accrued interest -- $ 12,229 Converted to additional paid in capital -- (226,469) Converted to common stock -- (2,667) Convertible note settled in cash i (71,000) -- Convertible notes issued ii 218,800 771,750 Unamortized debt discount (21,214) (433,016) Balance, at end of period $ 248,413 $ 121,827 i. During the three months ended June 30, 2018, the Company settled two loans in cash for a total amount of $97,654 as follows: Loan amount Prepayment premium Interest Total 1 $ 38,000 $ 12,075 $ 2,168 $ 52,243 2 33,000 9900 2511 45,411 $ 71,000 $ 21,975 $ 4,679 $ 97,654 ii. During the three months ended June 30, 2018, the Company entered into the following Securities Purchased Agreements with independent lenders in connection with the issuance of convertible notes totalling $218,800: # Amount in ($) Issue date Maturity date Interest rate p.a. Loan balance as at June 30, 2017 ($) Conversion terms Prepayment terms 1 53,000 11-May-18 28-Feb-19 12% 53,000 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 days and after 120 days but before 180 days respectively. 2 79,800 06-Jun-18 06-Jun-19 8% 79,800 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. Prepayment at premium ranging from 135% to 115% of the loan note if prepaid within 30 days and after 120 days but before 180 days respectively. 3 33,000 13-Jun-18 30-Mar-19 12% 33,000 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 days and after 120 days but before 180 days respectively. 5 53,000 22-Jun-18 22-Mar-19 11% 53,000 The conversion price is a variable conversion price which will be 60% of the market price. Market price is the average of the lowest 2 trading prices or the lowest closing bid during 20 trading days prior to the conversion date. The Company can redeem the note within six months of issuance without any premium. 218,800 218,800

Derivative Liabilities Disclosu

Derivative Liabilities Disclosure	3 Months Ended
	Jun. 30, 2018
Notes
Derivative Liabilities Disclosure	NOTE 6 - DERIVATIVE LIABILITIES June 30, 2018 March 31, 2018 Balance, at beginning of period $ 933,198 $ -- Derivative additions associated with convertible notes on issuance 215,932 767,931 Day one loss on derivatives 56,425 665,475 Change in fair value as at period end (109,921) (183,633) Value transferred to paid in capital on conversion of convertible notes (65,914) (316,575) Balance, at end of period $ 1,029,720 $ 933,198 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 June 30, 2018 using the Black-Scholes valuation technique, using the following assumptions. Issue date: June 30, 2018 June 30, 2017 Expected dividend nil nil Risk free interest rate 0.030% 0.030% Expected volatility 105% - 235% 214%-216% Expected term 281 days - 639 days 120 days -496 days

Common Stock Disclosure

Common Stock Disclosure	3 Months Ended
	Jun. 30, 2018
Notes
Common Stock Disclosure	NOTE 7 - COMMON STOCK There were no movements in the common stock during the three months ended June 30, 2018. The Company and Lupama agreed to the following changes in their consulting agreement dated November 21, 2016 (see Note 10 - Subsequent Events) as follows: a. Five million shares issued to Lupama but not yet vested were to be returned for cancellation. Lupama accordingly returned the shares and these were canceled. b. Another 25 million shares issuable to Lupama on completion of certain milestones were canceled. c. The Company agreed to issue 30 million warrants to Lupama valid for three years and convertible into equal number of common shares at an exercise price of $0.0025 per share. The warrants will vest on August 1, 2018. At June 30, 2018 and March 31, 2018, the Company had 200,000,000 common shares of par value $0.001 common stock authorized.

Warrants Disclosure

Warrants Disclosure	3 Months Ended
	Jun. 30, 2018
Notes
Warrants Disclosure	NOTE 8 - WARRANTS In May 2017, the Company issued 5,900,000 warrants in connection with the private placement. The relative fair value of the 5.9 million warrants issued was estimated at $145,782 using the Black-Scholes valuation technique. The value of warrants has been included in the paid in capital. The following share purchase warrants were outstanding: June 30, 2018 March 31, 2018 No. of Warrants Weighted average exercise price No. of Warrants Weighted average exercise price Outstanding - beginning of year 5,900,000 $ 0.20 -- $ -- Issued -- $ -- 5,900,000 $ 0.20 Forfeited/Canceled/Expired -- $ -- -- $ -- Exercised -- $ -- -- $ -- Outstanding - end of year 5,900,000 $ 0.20 5,900,000 $ 0.20 The aforementioned warrants have an average remaining life of approximately 1.1 year as at June 30, 2018 (1.4 years as at March 31, 2018). The Company issued 30 million warrants to Lupama in August 2018 (see Notes 7 and 10).

Related Party Transactions Disc

Related Party Transactions Disclosure	3 Months Ended
	Jun. 30, 2018
Notes
Related Party Transactions Disclosure	NOTE 9 - RELATED PARTY TRANSACTIONS ADVANCES FROM DIRECTOR AND STOCKHOLDER June 30, 2018 March 31, 2018 Balance, beginning of period $ 195,099 $ 74,631 Funds advanced (net) (22,531) 120,468 Balance, end of period $ 172,568 $ 195,099 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 Consulting fee includes fee charged by the CEO of $9,000 for the three months ended June 30, 2018. ( $6,250 for the three months ended June 30, 2017). DEVELOPMENT COSTS Development costs includes fee of $262,310 (three months ended June 30, 2017: $29,710 ) charged by Lupama, a company controlled by the CEO of the Company’s subsidiary. TRAVEL, MEALS AND PROMOTION Comprises expenses of $nil charged by the CEO. (June 30, 2017: $23,619 ). ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Includes $64,807 (March 31, 2018: $25,000 ) due to the CEO.

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2018
Notes
Subsequent Events	NOTE 10 - SUBSEQUENT EVENTS a. In August 2018, the Company revised its consulting agreement with Lupama as follows: i. 25 million common shares issuable to Lupama on completion of certain milestones were canceled and instead, ii. The Company agreed to issue 30 million warrants to Lupama valid for three years and convertible into equal number of common shares at an exercise price of $0.0025 per share. The warrants will vest on August 1, 2018. On August 10, 2018, Lupama exercised 23 million warrants and were issued 23 million restricted common shares. b. The Company issued 7,740,533 common shares between April 1, 2018 and September 4, 2018. 577,828 shares were issued to convertible noteholders on conversion of their notes and balance 7,162,705 restricted common shares were issued to various consultants for services provided.

Business Description and Summ17

Business Description and Summary of Significant Accounting Policies: Basis of Presentation (Policies)	3 Months Ended
	Jun. 30, 2018
Policies
Basis of Presentation	(B) Basis of Presentation The unaudited interim financial statements as of June 30, 2018 and for the three months ended June 30, 2018 and 2017 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 months ended June 30, 2018 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2019. 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)	3 Months Ended
	Jun. 30, 2018
Policies
Consolidation Policy	(C) 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. c. Plyzer Blockchain Technologies Inc., a wholly owned subsidiary incorporated in Ontario, Canada on November 3, 2017. The subsidiary has not yet commenced any operations. 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, 2018. The significant accounting policies followed are same as those detailed in the said Annual Report.

Business Description and Summ19

Business Description and Summary of Significant Accounting Policies: Use of Estimates (Policies)	3 Months Ended
	Jun. 30, 2018
Policies
Use of Estimates	(D) 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 Summ20

Business Description and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share Policy (Policies)	3 Months Ended
	Jun. 30, 2018
Policies
Basic and Diluted Loss Per Share Policy	(E) 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 June 30, 2018 excludes potentially dilutive securities of 7,831,439 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. June 30, 2018 March 31, 2018 Stock purchase warrants 5,900,000 5,900,000 Convertible notes 1,931,439 2,145,573 7,831,439 8,045,573

Business Description and Summ21

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)	3 Months Ended
	Jun. 30, 2018
Tables/Schedules
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	June 30, 2018 March 31, 2018 Stock purchase warrants 5,900,000 5,900,000 Convertible notes 1,931,439 2,145,573 7,831,439 8,045,573

Prepaid Expenses and Deposit 22

Prepaid Expenses and Deposit Disclosure: Schedule of Prepaid Expenses and Deposits (Tables)	3 Months Ended
	Jun. 30, 2018
Tables/Schedules
Schedule of Prepaid Expenses and Deposits	June 30, 2018 March 31, 2018 Prepaid development costs $ 6,000 $ 9,000 Rent deposit 3,086 3,086 Taxes receivable 4,755 4,046 Prepaid cost 129 155 $ 13,970 $ 16,287

Convertible Debts Disclosure_ S

Convertible Debts Disclosure: Schedule of Convertible Debt (Tables)	3 Months Ended
	Jun. 30, 2018
Tables/Schedules
Schedule of Convertible Debt	June 30, 2018 March 31, 2018 Balance, at beginning of period $ 121,827 $ -- Accrued interest -- $ 12,229 Converted to additional paid in capital -- (226,469) Converted to common stock -- (2,667) Convertible note settled in cash i (71,000) -- Convertible notes issued ii 218,800 771,750 Unamortized debt discount (21,214) (433,016) Balance, at end of period $ 248,413 $ 121,827

Convertible Debts Disclosure_24

Convertible Debts Disclosure: Schedule of Loans Settlement (Tables)	3 Months Ended
	Jun. 30, 2018
Tables/Schedules
Schedule of Loans Settlement	Loan amount Prepayment premium Interest Total 1 $ 38,000 $ 12,075 $ 2,168 $ 52,243 2 33,000 9900 2511 45,411 $ 71,000 $ 21,975 $ 4,679 $ 97,654

Convertible Debts Disclosure_25

Convertible Debts Disclosure: Schedule of Debt Conversions Terms (Tables)	3 Months Ended
	Jun. 30, 2018
Tables/Schedules
Schedule of Debt Conversions Terms	# Amount in ($) Issue date Maturity date Interest rate p.a. Loan balance as at June 30, 2017 ($) Conversion terms Prepayment terms 1 53,000 11-May-18 28-Feb-19 12% 53,000 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 days and after 120 days but before 180 days respectively. 2 79,800 06-Jun-18 06-Jun-19 8% 79,800 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. Prepayment at premium ranging from 135% to 115% of the loan note if prepaid within 30 days and after 120 days but before 180 days respectively. 3 33,000 13-Jun-18 30-Mar-19 12% 33,000 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 days and after 120 days but before 180 days respectively. 5 53,000 22-Jun-18 22-Mar-19 11% 53,000 The conversion price is a variable conversion price which will be 60% of the market price. Market price is the average of the lowest 2 trading prices or the lowest closing bid during 20 trading days prior to the conversion date. The Company can redeem the note within six months of issuance without any premium. 218,800 218,800

Derivative Liabilities Disclo26

Derivative Liabilities Disclosure: Schedule of Derivative Liabilities (Tables)	3 Months Ended
	Jun. 30, 2018
Tables/Schedules
Schedule of Derivative Liabilities	June 30, 2018 March 31, 2018 Balance, at beginning of period $ 933,198 $ -- Derivative additions associated with convertible notes on issuance 215,932 767,931 Day one loss on derivatives 56,425 665,475 Change in fair value as at period end (109,921) (183,633) Value transferred to paid in capital on conversion of convertible notes (65,914) (316,575) Balance, at end of period $ 1,029,720 $ 933,198

Derivative Liabilities Disclo27

Derivative Liabilities Disclosure: Schedule of Fair Value Assumptions Used (Tables)	3 Months Ended
	Jun. 30, 2018
Tables/Schedules
Schedule of Fair Value Assumptions Used	Issue date: June 30, 2018 June 30, 2017 Expected dividend nil nil Risk free interest rate 0.030% 0.030% Expected volatility 105% - 235% 214%-216% Expected term 281 days - 639 days 120 days -496 days

Warrants Disclosure_ Schedule o

Warrants Disclosure: Schedule of Warrants Outstanding (Tables)	3 Months Ended
	Jun. 30, 2018
Tables/Schedules
Schedule of Warrants Outstanding	June 30, 2018 March 31, 2018 No. of Warrants Weighted average exercise price No. of Warrants Weighted average exercise price Outstanding - beginning of year 5,900,000 $ 0.20 -- $ -- Issued -- $ -- 5,900,000 $ 0.20 Forfeited/Canceled/Expired -- $ -- -- $ -- Exercised -- $ -- -- $ -- Outstanding - end of year 5,900,000 $ 0.20 5,900,000 $ 0.20

Related Party Transactions Di29

Related Party Transactions Disclosure: Schedule of Advances from Stockholder (Tables)	3 Months Ended
	Jun. 30, 2018
Tables/Schedules
Schedule of Advances from Stockholder	June 30, 2018 March 31, 2018 Balance, beginning of period $ 195,099 $ 74,631 Funds advanced (net) (22,531) 120,468 Balance, end of period $ 172,568 $ 195,099

Business Description and Summ30

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) - shares	3 Months Ended	12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018
Potentially dilutive securities excluded from the computation of diluted net loss per share	7,831,439	8,045,573
Stock purchase warrants (Potentially dilutive securities)
Potentially dilutive securities excluded from the computation of diluted net loss per share	5,900,000	5,900,000
Convertible notes (Potentially dilutive securities)
Potentially dilutive securities excluded from the computation of diluted net loss per share	1,931,439	2,145,573

Going Concern (Details)

Going Concern (Details) - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Details
Accumulated deficit	$ 5,651,089	$ 5,125,413

Prepaid Expenses and Deposit 32

Prepaid Expenses and Deposit Disclosure: Schedule of Prepaid Expenses and Deposits (Details) - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Prepaid expenses and deposits	$ 13,970	$ 16,287
Prepaid development costs
Prepaid expenses and deposits	6,000	9,000
Rent deposit
Prepaid expenses and deposits	3,086	3,086
Taxes receivable
Prepaid expenses and deposits	4,755	4,046
Prepaid fee
Prepaid expenses and deposits	$ 129	$ 155

Convertible Debts Disclosure_33

Convertible Debts Disclosure: Schedule of Convertible Debt (Details) - USD ($)	Jun. 30, 2018	Mar. 31, 2018
Convertible debt, net	$ 248,413	$ 121,827
Accrued interest on convertible debt
Convertible debts, gross		12,229
Converted to additional paid-in capital
Convertible debts, gross		(226,469)
Converted to common stock
Convertible debts, gross		(2,667)
Convertible notes settled in cash
Convertible debts, gross	(71,000)
Convertible notes issued
Convertible debts, gross	218,800	771,750
BCF amortization of discount
Convertible debts, gross	$ (21,214)	$ (433,016)

Convertible Debts Disclosure_34

Convertible Debts Disclosure: Schedule of Loans Settlement (Details)	3 Months Ended
	Jun. 30, 2018USD ($)
Details
Settlement of convertible loans	$ 71,000

Convertible Debts Disclosure_35

Convertible Debts Disclosure: Schedule of Debt Conversions Terms (Details) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Details
Proceeds from convertible loans	$ 218,800	$ 121,000

Derivative Liabilities Disclo36

Derivative Liabilities Disclosure: Schedule of Derivative Liabilities (Details) - USD ($)	3 Months Ended
	Jun. 30, 2018	Mar. 31, 2018
Details
Derivative liability	$ 1,029,720	$ 933,198
Derivative additions associated with convertible notes	215,932
Loss on derivatives	56,425
Change in fair value as at period end	(109,921)
Value transferred to paid in capital on conversion of convertible notes	$ (65,914)

Common Stock Disclosure (Detail

Common Stock Disclosure (Details) - $ / shares	Jun. 30, 2018	Mar. 31, 2018
Details
Common stock authorized for issuance	200,000,000	200,000,000
Common stock par value	$ 0.001	$ 0.001

Warrants Disclosure (Details)

Warrants Disclosure (Details) - USD ($)	1 Months Ended
	Aug. 31, 2018	May 31, 2017
In connection with a private placement
Warrants issued		5,900,000
Warrants estimated value		$ 145,782
In connection with revised Lupama consulting agreement
Warrants issued	30,000,000

Warrants Disclosure_ Schedule39

Warrants Disclosure: Schedule of Warrants Outstanding (Details)	Jun. 30, 2018$ / sharesshares
Details
Warrants outstanding | shares	5,900,000
Weighted average exercise price of warrants outstanding | $ / shares	$ 0.20

Related Party Transactions Di40

Related Party Transactions Disclosure: Schedule of Advances from Stockholder (Details) - USD ($)	3 Months Ended
	Jun. 30, 2018	Mar. 31, 2018
Due to related party	$ 172,568	$ 195,099
Advances repaid	22,531
Advances from a director and stockholder
Due to related party	172,568	$ 195,099
Advances repaid	$ (22,531)

Related Party Transactions Di41

Related Party Transactions Disclosure (Details) - USD ($)	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Mar. 31, 2018
Travel and meals costs charged by the CEO		$ 23,619
Consulting fees charged by the CEO
Fees from transactions with related parties	$ 9,000	6,250
Development costs from a company controlled by the CEO
Fees from transactions with related parties	262,310	$ 29,710
Due to the CEO
Accounts Payable and Accrued Liabilities - related party	$ 64,807		$ 25,000

Subsequent Events (Details)

Subsequent Events (Details) - shares	1 Months Ended	2 Months Ended
	Aug. 31, 2018	Sep. 04, 2018
Common stock issued for converted debt		577,828
Common stock issued for services		7,162,705
In connection with revised Lupama consulting agreement
Warrants issued	30,000,000