Plyzer (PLYZ) 10-Q 19 Nov 18 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2018	Nov. 16, 2018
Document and Entity Information
Entity Registrant Name	Plyzer Technologies Inc.
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Entity Central Index Key	1,334,589
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding		81,696,744
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q2
Trading Symbol	plyz

Balance Sheets

Balance Sheets - USD ($)	Sep. 30, 2018	Mar. 31, 2018
Current Assets
Cash	$ 206,844	$ 261,575
Prepaid expenses and deposits	50,532	16,287
Total Current Assets	257,376	277,862
Furniture and equipment, net	3,922	5,229
TOTAL ASSETS	261,298	283,091
Current Liabilities
Accounts payable and accrued liabilities	37,613	148,606
Due to related parties	263,210	195,099
Convertible debt, net	233,980	121,827
Derivative liability	1,333,865	933,198
Total Current Liabilities	1,868,668	1,398,730
Long-term Liabilities
TOTAL LIABILITIES	1,868,668	1,398,730
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock value	76,734	43,183
Additional paid-in capital	24,845,955	3,901,238
Accumulated other comprehensive income	67,131	65,353
Accumulated deficit	(26,597,190)	(5,125,413)
Total Stockholders' Equity (Deficit)	(1,607,370)	(1,115,639)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 261,298	$ 283,091

Balance Sheets (parenthetical)

Balance Sheets (parenthetical) - USD ($)	Sep. 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	76,734,104	43,183,271
Common stock, shares outstanding	76,734,104	43,183,271

Statements of Operations

Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement
Revenues
Operating Expenses
Development costs	1,077,290	18,482	1,360,748	69,483
General and administrative expenses	21,105	9,159	32,659	19,763
Professional fees	59,100	11,920	88,400	25,420
Consulting fees	18,630	9,250	42,356	19,500
Stock compensation	19,136,270		19,136,270
Travel, meals and promotions	21,474	3,886	21,474	27,505
Total expenses	20,333,869	52,697	20,681,907	161,671
Income (loss) from operations	(20,333,869)	(52,697)	(20,681,907)	(161,671)
Other Income (Expenses)
Premium on early settlement of loans	9,900		31,875
Gain (loss) on cancellation of accounts payable	46,000		46,000
Gain (loss) on derivative	226,319	28,348	172,823	40,808
Interest expense and amortization of debt	422,013	62,626	631,172	76,887
Total other income (expenses)	(612,232)	(90,974)	(789,870)	(117,695)
Loss before income taxes	(20,946,101)	(143,671)	(21,471,777)	(279,366)
Income taxes
Net income (loss)	(20,946,101)	(143,671)	(21,471,777)	(279,366)
Other comprehensive gain (loss)	196	1,499	1,778	2,210
Comprehensive income (loss)	$ (20,945,905)	$ (142,172)	$ (21,469,999)	$ (277,156)
Basic and diluted net income (loss) per share, net	$ (0.35)	$ 0	$ (0.41)	$ (0.01)
Number of weighted average common shares outstanding	60,695,899	38,383,143	52,030,991	36,499,809

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)
Shares issued under private placement, shares	5,900,000
Shares issued under private placement, amount	$ 5,900	289,101			295,001
Foreign currency translation				2,210	2,210
Net income (loss) for the period			(279,366)		(279,366)
Ending Balance, shares at Sep. 30, 2017	40,516,476
Ending Balance, amount at Sep. 30, 2017	$ 40,516	3,358,195	(3,595,623)	71,638	(125,274)
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)
Shares issued for convertible debt, shares	1,707,499				1,707,499
Shares issued for convertible debt, amount	$ 1,708	413,950			$ 415,658
Shares issued for warrants exercised, shares	30,000,000				30,000,000
Shares issued for warrants exercised, amount	$ 30,000	45,000			$ 75,000
Issuance of warrants		19,136,270			19,136,270
Shares issued for services, shares	1,843,334
Shares issued for services, amount	$ 1,843	827,658			829,501
Derivative liability reclassified as additional paid-in capital		521,839			521,839
Foreign currency translation				1,778	1,778
Net income (loss) for the period			(21,471,777)		(21,471,777)
Ending Balance, shares at Sep. 30, 2018	76,734,104
Ending Balance, amount at Sep. 30, 2018	$ 76,734	$ 24,845,955	$ (25,597,190)	$ 67,131	$ (1,607,370)

Statements of Cash Flows

Statements of Cash Flows - USD ($)	3 Months Ended	6 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (20,946,101)	$ (21,471,777)	$ (279,366)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation		1,307	699
Development costs settled in shares		904,501
Gain (loss) on cancellation of accounts payable	46,000	46,000
Stock compensation	19,136,270	19,136,270
Amortization of debt discount		602,968	69,580
Premium on early settlement of loans	9,900	31,875
Gain (loss) on derivative	226,319	172,823	40,808
Changes in operating assets and liabilities:
(Increase) decrease in prepaid expenses and deposits		(34,245)	(238,009)
Increase (decrease) in accounts payable and accrued liabilities		(70,892)	12,514
Net cash used in operating activities		(773,170)	(393,774)
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		68,111	90,599
Proceeds from share issuance			295,000
Repayment of convertible loans		104,000
Proceeds from convertible loans		752,550	193,500
Net cash provided by financing activities		716,661	579,099
Effects of exchange rates on cash		1,778	2,210
Net increase (decrease) in cash		(54,731)	183,340
Cash, beginning of period		261,575	199
Cash, end of period	$ 206,844	206,844	183,539
SUPPLEMENTAL DISCLOSURES
Income taxes paid
Interest paid		9,024
Non-Cash Investing and Financing Activities
Common stock issued on conversion of convertible debt		415,658
Derivative liability reclassified as additional paid-in capital		$ 521,839

Business Description and Summar

Business Description and Summary of Significant Accounting Policies	6 Months Ended
	Sep. 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 (“Plyzer”) 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 has been managing and developing Plyzer. Lupama’s CEO, Mr. Luis Pallares is also made CEO of the Company’s subsidiary. Technological feasibility of Plyzer was established on October 17, 2018 when the Company enrolled its first non- paying customer. (B) Basis of Presentation The unaudited interim financial statements as of September 30, 2018 and for the three and six months ended September 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 and six months ended September 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. 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, 2018 excludes potentially dilutive securities of 10,134,051 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, 2018 March 31, 2018 Stock purchase warrants 5,900,000 5,900,000 Convertible loans 4,234,051 2,145,573 10,134,051 8,045,573

Going Concern

Going Concern	6 Months Ended
	Sep. 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 financing, management cannot provide any assurances that the Company will continue to be able to raise the funding required to the 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, 2018, the Company has an accumulated deficit amount of $26,597,190 .

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Sep. 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. 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	6 Months Ended
	Sep. 30, 2018
Notes
Prepaid Expenses and Deposit Disclosure	NOTE 4 - PREPAID EXPENSES AND DEPOSIT September 30, 2018 March 31, 2018 Prepaid development costs $ 3,000 $ 9,000 Rent deposit 3,046 3,086 Taxes receivable 5,857 4,046 Convertible debt* 32,000 -- Prepaid cost 6,629 155 $ 50,532 $ 16,287 * Refers to convertible note for $35,000 issued on September 26, 2018 (Note 5(ii) item # 14) for which cash of $32,000 net of legal fees of $3,000 was received on October 1, 2018. Legal fees have been expensed as professional fees.

Convertible Debts Disclosure

Convertible Debts Disclosure	6 Months Ended
	Sep. 30, 2018
Notes
Convertible Debts Disclosure	NOTE 5 - CONVERTIBLE DEBTS September 30, 2018 March 31, 2018 Principal balance, at beginning of period $ 542,614 $ -- Accrued interest and fees 25,975 $ 12,229 Converted to additional paid in capital (414,449) (226,469) Converted to common stock (1,707) (2,667) Convertible note settled in cash i (104,000) -- Convertible notes issued ii 752,550 771,750 Unamortized debt discount (567,003) (433,016) Balance, net of discount, at end of period $ 233,980 $ 121,827 i. During the six months ended September 30, 2018, the Company paid off three loans in cash for a total amount of $144,899 as follows: Loan amount Prepaid premium Interest Total $ 38,000 $ 12,075 $ 2,168 $ 52,243 33,000 9,900 2,511 45,411 33,000 9,900 4,345 47,245 $ 104,000 $ 31,875 $ 9,024 $ 144,899 ii. During the six months ended September 30, 2018, the Company entered into the following Securities Purchase Agreements with independent lenders in connection with the issuance of convertible notes totalling $752,550: # Amount in ($) Issue date Maturity date Interest rate p.a. Loan balance as at Sept. 30, 2018 ($) 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. 4 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. 5 50,000 29-Jun-18 15-Apr-19 12% 50,000 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. 6 27,000 25-Jul-18 25-Jul-19 5% - Settled in Sept 2018 7 33,000 27-Jul-18 15-May-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. 8 40,000 30-Jul-18 - Settled in August 2018 9 78,750 01-Aug-18 31-Jul-19 8% 78,750 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. $14,540 of the original loan plus interest of $615 was converted into 251,984 shares in December 2017. The Company may pay this note any time. 10 52,000 09-Aug-18 09-Aug-19 8% 52,000 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 115% to 135% of the loan note if prepaid within 30 days and after 120 days but before 180 days respectively. 11 80,000 03-Aug-18 03-May-19 10% 80,000 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 or 60% of the closing bid price if lower. Prepayment at premium ranging from 135% to 145% of the loan note if prepaid within 90 days and after 90 days but before 180 days respectively. Prepayment not allowed after six months. 12 38,000 13-Sep-18 30-Jun-19 12% 38,000 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. 13 100,000 14-Sep-18 14-Sep-19 10% 100,000 The conversion price is a variable conversion price which will be 58% 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 120% to 140% of the loan note if prepaid within 60 days and after 120 days but before 180 days respectively. 14 35,000 26-Sep-18 15-Jul-19 12% 35,000 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. 752,550 685,550

Derivative Liabilities Disclosu

Derivative Liabilities Disclosure	6 Months Ended
	Sep. 30, 2018
Notes
Derivative Liabilities Disclosure	NOTE 6 - DERIVATIVE LIABILITIES September 30, 2018 March 31, 2018 Balance, at beginning of period $ 933,198 $ -- Derivative additions associated with convertible notes on issuance 749,683 767,931 Day one loss on derivatives 159,850 665,475 Change in fair value as at period end 12,973 (183,633) Value transferred to paid in capital on conversion of convertible notes (521,839) (316,575) Balance, at end of period $ 1,333,865 $ 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 embedded 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, 2018 using the Black-Scholes valuation technique, using the following assumptions. Issue date: September 30, 2018 September 30, 2017 Expected dividend nil nil Risk free interest rate 0.030% 0.030% Expected volatility 138% - 180% 142% Expected term 40 days - 639 days 150 days -365 days

Common Stock Disclosure

Common Stock Disclosure	6 Months Ended
	Sep. 30, 2018
Notes
Common Stock Disclosure	NOTE 7 - COMMON STOCK a. On August 10, 2018, Lupama exercised 29,843,335 warrants to convert into equal number of shares at an exercise price of $.0025 for a total of $74,608 and On September 6, 2018, exercised the remaining 156,665 warrants to convert into equal number of shares at an exercise price of $.0025 for a total of $392 . Excercise price was off set against amounts payable to Lupama. b. On September 6, 2018, Lupama was issued 843,335 shares and on September 27, issued further 999,999 shares. These shares were valued at $0.45 per share, being the market price prevailing on the dates of their issues for a total of $829,501 , which was off set against amount payable to Lupama. c. During the six months ended September 30, 2018, twelve convertible notes plus accrued interest were converted into 1,707,499 shares for a total value of $415,658 . At September 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	6 Months Ended
	Sep. 30, 2018
Notes
Warrants Disclosure	NOTE 8 - WARRANTS In May 2017, the Company issued 5.9 million 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. On August 1, 2018, the Company issued 30 million warrants to Lupama for services provided in connection with the development of Plyzer. These warrants vested immediately on issuance and were valid for three years and convertible into equal number of common shares at an exercise price of $0.0025 per share. The fair value of the 30 million warrants issued was estimated at $19,136,270 using the Black-Scholes valuation technique. The value of warrants has been included in the paid in capital and charged to expenses as stock compensation. All warrants were exercised as explained in Note 7(a). The following assumptions were used in the valuation of these warrants: Expected dividend nil Risk free interest rate 3% Expected volatility 138.56% Expected term 3 years The movements during the six months ended September 30, 2018 were as follows: September 30, 2018 March 31, 2018 No. of Warrants Weighted average exercise price No. of Warrants Weighted average exercise price Outstanding - beginning of period 5,900,000 $ 0.20 - $ - Issued 30,000,000 0.0025 5,900,000 0.20 Forfeited/Cancelled/Expired - - - - Exercised ( 30,000,000 ) (0.0025) - - Outstanding - end of period 5,900,000 $ 0.20 5,900,000 $ 0.20 The aforementioned warrants have an average remaining life of approximately 0.9 year as at September 30, 2018 (1.4 years as at March 31, 2018).

Related Party Transactions Disc

Related Party Transactions Disclosure	6 Months Ended
	Sep. 30, 2018
Notes
Related Party Transactions Disclosure	NOTE 9 - RELATED PARTY TRANSACTIONS ADVANCES FROM DIRECTOR AND STOCKHOLDER September 30, 2018 March 31, 2018 Balance, beginning of period $ 195,099 $ 74,631 Funds advanced (net) 68,111 120,468 Balance, end of period $ 263,210 $ 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 fees include fees charged by the CEO of $9,000 and $18,000 respectively for the three and six months ended September 30, 2018. ( $6,250 and $12,500 respectively for the three and six months ended September 30, 2017). DEVELOPMENT COSTS Development costs includes fees charged by Lupama of $1,056,568 and 1,318,878 respectively for the three and six months ended September 30, 2018 ($nil and $29,710 respectively for the three and six months ended September 30, 2017). Lupama is a company controlled by the CEO of the Company’s subsidiary. Lupama was issued 30 million warrants valued at $19,136,270 as explained in Note 8 and was also issued 1,843,334 restricted shares valued at $829,501 for services provided. TRAVEL, MEALS AND PROMOTION Comprises expenses of $21,474 charged by the CEO for the three and six months ended September 30, 2018. ( $3,886 and $27,505 respectively for the three and six months ended September 30, 2017).

Subsequent Events

Subsequent Events	6 Months Ended
	Sep. 30, 2018
Notes
Subsequent Events	NOTE 10 - SUBSEQUENT EVENTS The Company issued 4,962,640 common shares between July 1, 2018 and November 16, 2018. 962,640 shares were issued to convertible noteholders on conversion of their notes and the balance of 4 million restricted common shares were issued to Lupama for services provided.

Business Description and Summ_2

Business Description and Summary of Significant Accounting Policies: Basis of Presentation (Policies)	6 Months Ended
	Sep. 30, 2018
Policies
Basis of Presentation	(B) Basis of Presentation The unaudited interim financial statements as of September 30, 2018 and for the three and six months ended September 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 and six months ended September 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 Summ_3

Business Description and Summary of Significant Accounting Policies: Consolidation Policy (Policies)	6 Months Ended
	Sep. 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 Summ_4

Business Description and Summary of Significant Accounting Policies: Use of Estimates (Policies)	6 Months Ended
	Sep. 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 Summ_5

Business Description and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share Policy (Policies)	6 Months Ended
	Sep. 30, 2018
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, 2018 excludes potentially dilutive securities of 10,134,051 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, 2018 March 31, 2018 Stock purchase warrants 5,900,000 5,900,000 Convertible loans 4,234,051 2,145,573 10,134,051 8,045,573

Business Description and Summ_6

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, 2018
Tables/Schedules
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	September 30, 2018 March 31, 2018 Stock purchase warrants 5,900,000 5,900,000 Convertible loans 4,234,051 2,145,573 10,134,051 8,045,573

Prepaid Expenses and Deposit _2

Prepaid Expenses and Deposit Disclosure: Schedule of Prepaid Expenses and Deposits (Tables)	6 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Prepaid Expenses and Deposits	September 30, 2018 March 31, 2018 Prepaid development costs $ 3,000 $ 9,000 Rent deposit 3,046 3,086 Taxes receivable 5,857 4,046 Convertible debt* 32,000 -- Prepaid cost 6,629 155 $ 50,532 $ 16,287

Convertible Debts Disclosure_ S

Convertible Debts Disclosure: Schedule of Convertible Debt (Tables)	6 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Convertible Debt	September 30, 2018 March 31, 2018 Principal balance, at beginning of period $ 542,614 $ -- Accrued interest and fees 25,975 $ 12,229 Converted to additional paid in capital (414,449) (226,469) Converted to common stock (1,707) (2,667) Convertible note settled in cash i (104,000) -- Convertible notes issued ii 752,550 771,750 Unamortized debt discount (567,003) (433,016) Balance, net of discount, at end of period $ 233,980 $ 121,827

Convertible Debts Disclosure__2

Convertible Debts Disclosure: Schedule of Loans Settlement (Tables)	6 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Loans Settlement	Loan amount Prepaid premium Interest Total $ 38,000 $ 12,075 $ 2,168 $ 52,243 33,000 9,900 2,511 45,411 33,000 9,900 4,345 47,245 $ 104,000 $ 31,875 $ 9,024 $ 144,899

Convertible Debts Disclosure__3

Convertible Debts Disclosure: Schedule of Debt Conversions Terms (Tables)	6 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Debt Conversions Terms	# Amount in ($) Issue date Maturity date Interest rate p.a. Loan balance as at Sept. 30, 2018 ($) 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. 4 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. 5 50,000 29-Jun-18 15-Apr-19 12% 50,000 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. 6 27,000 25-Jul-18 25-Jul-19 5% - Settled in Sept 2018 7 33,000 27-Jul-18 15-May-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. 8 40,000 30-Jul-18 - Settled in August 2018 9 78,750 01-Aug-18 31-Jul-19 8% 78,750 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. $14,540 of the original loan plus interest of $615 was converted into 251,984 shares in December 2017. The Company may pay this note any time. 10 52,000 09-Aug-18 09-Aug-19 8% 52,000 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 115% to 135% of the loan note if prepaid within 30 days and after 120 days but before 180 days respectively. 11 80,000 03-Aug-18 03-May-19 10% 80,000 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 or 60% of the closing bid price if lower. Prepayment at premium ranging from 135% to 145% of the loan note if prepaid within 90 days and after 90 days but before 180 days respectively. Prepayment not allowed after six months. 12 38,000 13-Sep-18 30-Jun-19 12% 38,000 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. 13 100,000 14-Sep-18 14-Sep-19 10% 100,000 The conversion price is a variable conversion price which will be 58% 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 120% to 140% of the loan note if prepaid within 60 days and after 120 days but before 180 days respectively. 14 35,000 26-Sep-18 15-Jul-19 12% 35,000 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. 752,550 685,550

Derivative Liabilities Disclo_2

Derivative Liabilities Disclosure: Schedule of Derivative Liabilities (Tables)	6 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Derivative Liabilities	September 30, 2018 March 31, 2018 Balance, at beginning of period $ 933,198 $ -- Derivative additions associated with convertible notes on issuance 749,683 767,931 Day one loss on derivatives 159,850 665,475 Change in fair value as at period end 12,973 (183,633) Value transferred to paid in capital on conversion of convertible notes (521,839) (316,575) Balance, at end of period $ 1,333,865 $ 933,198

Derivative Liabilities Disclo_3

Derivative Liabilities Disclosure: Schedule of Fair Value Assumptions Used (Tables)	6 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Fair Value Assumptions Used	Issue date: September 30, 2018 September 30, 2017 Expected dividend nil nil Risk free interest rate 0.030% 0.030% Expected volatility 138% - 180% 142% Expected term 40 days - 639 days 150 days -365 days

Warrants Disclosure_ Valuation

Warrants Disclosure: Valuation Assumptions for Warrants (Tables)	6 Months Ended
	Sep. 30, 2018
Tables/Schedules
Valuation Assumptions for Warrants	Expected dividend nil Risk free interest rate 3% Expected volatility 138.56% Expected term 3 years

Warrants Disclosure_ Schedule o

Warrants Disclosure: Schedule of Warrants Outstanding (Tables)	6 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Warrants Outstanding	September 30, 2018 March 31, 2018 No. of Warrants Weighted average exercise price No. of Warrants Weighted average exercise price Outstanding - beginning of period 5,900,000 $ 0.20 - $ - Issued 30,000,000 0.0025 5,900,000 0.20 Forfeited/Cancelled/Expired - - - - Exercised ( 30,000,000 ) (0.0025) - - Outstanding - end of period 5,900,000 $ 0.20 5,900,000 $ 0.20

Related Party Transactions Di_2

Related Party Transactions Disclosure: Schedule of Advances from Stockholder (Tables)	6 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Advances from Stockholder	September 30, 2018 March 31, 2018 Balance, beginning of period $ 195,099 $ 74,631 Funds advanced (net) 68,111 120,468 Balance, end of period $ 263,210 $ 195,099

Business Description and Summ_7

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	6 Months Ended	12 Months Ended
	Sep. 30, 2018	Mar. 31, 2018
Potentially dilutive securities excluded from the computation of diluted net loss per share	10,134,051	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	4,234,051	2,145,573

Going Concern (Details)

Going Concern (Details) - USD ($)	Sep. 30, 2018	Mar. 31, 2018
Details
Accumulated deficit	$ 26,597,190	$ 5,125,413

Prepaid Expenses and Deposit _3

Prepaid Expenses and Deposit Disclosure: Schedule of Prepaid Expenses and Deposits (Details) - USD ($)	Sep. 30, 2018	Mar. 31, 2018
Prepaid expenses and deposits	$ 50,532	$ 16,287
Prepaid development costs
Prepaid expenses and deposits	3,000	9,000
Rent deposit
Prepaid expenses and deposits	3,046	3,086
Taxes receivable
Prepaid expenses and deposits	5,857	4,046
Convertible note receivable-
Prepaid expenses and deposits	32,000
Prepaid fee
Prepaid expenses and deposits	$ 6,629	$ 155

Convertible Debts Disclosure__4

Convertible Debts Disclosure: Schedule of Convertible Debt (Details) - USD ($)	Sep. 30, 2018	Mar. 31, 2018
Convertible debt, net	$ 233,980	$ 121,827
Accrued interest on convertible debt
Convertible debts, gross	25,975	12,229
Converted to additional paid-in capital
Convertible debts, gross	(414,449)	(226,469)
Converted to common stock
Convertible debts, gross	(1,707)	(2,667)
Convertible notes settled in cash
Convertible debts, gross	(104,000)
Convertible notes issued
Convertible debts, gross	752,550	771,750
BCF amortization of discount
Convertible debts, gross	$ (567,003)	$ (433,016)

Convertible Debts Disclosure__5

Convertible Debts Disclosure: Schedule of Loans Settlement (Details)	6 Months Ended
	Sep. 30, 2018USD ($)
Details
Repayment of convertible loans	$ 104,000

Convertible Debts Disclosure__6

Convertible Debts Disclosure: Schedule of Debt Conversions Terms (Details) - USD ($)	6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Details
Proceeds from convertible loans	$ 752,550	$ 193,500

Derivative Liabilities Disclo_4

Derivative Liabilities Disclosure: Schedule of Derivative Liabilities (Details) - USD ($)	6 Months Ended
	Sep. 30, 2018	Mar. 31, 2018
Details
Derivative liability	$ 1,333,865	$ 933,198
Derivative additions associated with convertible notes	749,683
Loss on derivatives	159,850
Change in fair value as at period end	12,973
Value transferred to paid in capital on conversion of convertible notes	$ (521,839)

Common Stock Disclosure (Detail

Common Stock Disclosure (Details) - USD ($)	5 Months Ended	6 Months Ended
	Nov. 16, 2018	Sep. 30, 2018	Mar. 31, 2018
Common stock issued for exercise of warrants		30,000,000
Value associated with warrant exercise		$ 75,000
Common stock issued for services	4,000,000
Value of stock issued for services		$ 829,501
Common stock issued for converted debt	962,640	1,707,499
Value of stock issued converted debt		$ 415,658
Common stock authorized for issuance		200,000,000	200,000,000
Common stock par value		$ 0.001	$ 0.001
On August 10, 2018
Common stock issued for exercise of warrants		29,843,335
Value associated with warrant exercise		$ 74,608
On September 6, 2018
Common stock issued for exercise of warrants		156,665
Value associated with warrant exercise		$ 392
Common stock issued for services		843,335
On September 27, 2018
Common stock issued for services		999,999

Warrants Disclosure (Details)

Warrants Disclosure (Details) - USD ($)	1 Months Ended	6 Months Ended
	May 31, 2017	Sep. 30, 2018
Warrants issued		30,000,000
Fair value of warrants issued		$ 19,136,270,000,000
In connection with a private placement
Warrants issued	5,900,000
Warrants estimated value	$ 145,782

Warrants Disclosure_ Schedule_2

Warrants Disclosure: Schedule of Warrants Outstanding (Details) - shares	6 Months Ended
	Sep. 30, 2018	Mar. 31, 2018
Details
Warrants outstanding	5,900,000	5,900,000
Warrants issued	30,000,000
Common stock issued for exercise of warrants	30,000,000

Related Party Transactions Di_3

Related Party Transactions Disclosure: Schedule of Advances from Stockholder (Details) - USD ($)	6 Months Ended
	Sep. 30, 2018	Mar. 31, 2018
Due to related party	$ 263,210	$ 195,099
Advances from a director and stockholder
Due to related party	263,210	$ 195,099
Advances repaid	$ 68,111

Related Party Transactions Di_4

Related Party Transactions Disclosure (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Travel and meals costs charged by the CEO	$ 21,474	$ 3,886	$ 21,474	$ 27,505
Consulting fees charged by the CEO
Fees from transactions with related parties	9,000	$ 6,250	18,000	12,500
Development costs from a company controlled by the CEO
Fees from transactions with related parties	$ 1,056,568		$ 1,318,878	$ 29,710

Subsequent Events (Details)

Subsequent Events (Details) - shares	5 Months Ended	6 Months Ended
	Nov. 16, 2018	Sep. 30, 2018
Details
Common stock issued for converted debt	962,640	1,707,499
Common stock issued for services	4,000,000