Plyzer (PLYZ) 10-Q 14 Feb 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2018	Feb. 13, 2019
Document and Entity Information
Entity Registrant Name	Plyzer Technologies Inc.
Document Type	10-Q
Document Period End Date	Dec. 31, 2018
Amendment Flag	false
Entity Central Index Key	1,334,589
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding		83,956,803
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q3
Trading Symbol	plyz

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2018	Mar. 31, 2018
Current Assets
Cash	$ 218,067	$ 261,575
Prepaid expenses and deposits	12,878	16,287
Total Current Assets	230,945	277,862
Furniture and equipment, net	3,267	5,229
TOTAL ASSETS	234,212	283,091
Current Liabilities
Accounts payable and accrued liabilities	71,833	148,606
Due to related parties	227,992	195,099
Convertible debt, net	393,191	121,827
Derivative liability	821,170	933,198
Total Current Liabilities	1,514,186	1,398,730
Long-term Liabilities
TOTAL LIABILITIES	1,514,186	1,398,730
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock value	82,187	43,183
Common stock sunscribed value	833
Additional paid-in capital	26,682,525	3,901,238
Accumulated other comprehensive income	67,568	65,353
Accumulated deficit	(28,113,087)	(5,125,413)
Total Stockholders' Equity (Deficit)	(1,279,974)	(1,115,639)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 234,212	$ 283,091

Balance Sheets (parenthetical)

Balance Sheets (parenthetical) - USD ($)	Dec. 31, 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	82,187,210	43,183,271
Common stock, shares outstanding	82,187,210	43,183,271
Common stock subscribed but unissued	833,333

Statements of Operations

Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Income Statement
Revenues
Operating Expenses
Development costs	347,729	363,544	1,708,477	433,027
General and administrative expenses	13,389	10,511	46,048	30,274
Professional fees	57,300	4,200	145,700	29,260
Consulting fees	48,319	17,500	90,675	37,000
Stock compensation	1,349,170		20,485,440
Travel, meals and promotions	7,286	9,591	28,760	37,096
Total expenses	1,823,193	405,346	22,505,100	567,017
Income (loss) from operations	(1,823,193)	(405,346)	(22,505,100)	(567,017)
Other Income (Expenses)
Premium on early settlement of loans	65,515		97,390
Gain (loss) on cancellation of accounts payable			46,000
Gain (loss) on derivative	394,661	20,661	221,838	(20,147)
Interest expense and amortization of debt	21,849	95,426	653,021	172,313
Total other income (expenses)	307,297	(74,765)	(482,573)	(192,460)
Loss before income taxes	(1,515,896)	(480,111)	(22,987,673)	(759,477)
Income taxes
Net income (loss)	(1,515,896)	(480,111)	(22,987,674)	(759,477)
Other comprehensive gain (loss)	437	(478)	2,215	1,732
Comprehensive income (loss)	$ (1,515,459)	$ (480,589)	$ (22,985,458)	$ (757,745)
Basic and diluted net income (loss) per share, net	$ (0.02)	$ (0.01)	$ (0.37)	$ (0.02)
Number of weighted average common shares outstanding	81,872,091	41,052,651	61,934,035	38,017,423

Statements of Cash Flows

Statements of Cash Flows - USD ($)	9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (22,987,674)	$ (759,477)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation	1,962	1,377
Development costs settled in shares	829,500
Interest settled in shares		5,475
Premium on early settlement of loans (cash)	97,390
Gain (loss) on cancellation of accounts payable	46,000
Stock compensation	20,485,440
Amortization of debt discount	612,849	160,417
Gain (loss) on derivative	221,838	(20,147)
Changes in operating assets and liabilities:
(Increase) decrease in prepaid expenses and deposits	3,409	13,739
Increase (decrease) in accounts payable and accrued liabilities	(10,811)	39,693
Net cash used in operating activities	(1,235,773)	(518,629)
CASH FLOW IN INVESTING ACTIVITIES
Purchase of furniture and equipment		5,507
Net cash used in investing activities		(5,507)
CASH FLOWS IN FINANCING ACTIVITIES
Advances from related parties	32,893	98,307
Proceeds from share issuance		295,000
Proceeds from shares subscribed	250,000
Repayment of convertible loans	293,000
Proceeds from convertible loans	1,201,850	231,500
Net cash provided by financing activities	1,191,743	624,807
Effects of exchange rates on cash	522	1,732
Net increase (decrease) in cash	(43,508)	102,403
Cash, beginning of period	261,575	199
Cash, end of period	218,067	102,602
SUPPLEMENTAL DISCLOSURES
Income taxes paid
Interest paid	20,042
Non-Cash Investing and Financing Activities
Common stock issued on conversion of convertible debt	642,411	$ 95,540
Derivative liability reclassified as additional paid-in capital	521,869
Warrants exercised and common stock issued for accounts payable in lieu of cash	$ 85,000

Business Description and Summar

Business Description and Summary of Significant Accounting Policies	9 Months Ended
	Dec. 31, 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. The Company however continues working on the beta version of PLYZER prior to its commercialization. (B) Basis of Presentation The unaudited interim financial statements as of December 31, 2018 and for the three and nine months ended December 31, 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 nine months ended December 31, 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 December 31, 2018 excludes potentially dilutive securities of 9,711,936 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. December 31, 2018 March 31, 2018 Stock purchase warrants 5,900,000 5,900,000 Convertible loans 3,811,936 2,145,573 9,711,936 8,045,573

Going Concern

Going Concern	9 Months Ended
	Dec. 31, 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 equity and 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 December 31, 2018, the Company has an accumulated deficit amount of $28,113,087 .

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Dec. 31, 2018
Notes
Recent Accounting Pronouncements	NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS In 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 June 2018, the FASB issued authoritative guidance regarding Compensation - Stock Compensation The Company expects no material impact on its results of operations or cash flows in the periods after adoption. In August 2018, the FASB issued authoritative guidance regarding Fair Value Measurement: Disclosure Framework The Company expects no material impact on its results of operations or cash flows in the periods after adoption. In August 2018, the FASB issued authoritative guidance regarding Intangibles - Goodwill and Other - Internal-Use Software The Company evaluates new pronouncements as issued and evaluates the effect of adoption on the Company at the time. The Company has determined that the adoption of recently adopted accounting pronouncements will not have an impact on the financial statements.

Prepaid Expenses and Deposit, D

Prepaid Expenses and Deposit, Disclosure	9 Months Ended
	Dec. 31, 2018
Notes
Prepaid Expenses and Deposit, Disclosure	NOTE 4 - PREPAID EXPENSES AND DEPOSIT December 31, 2018 March 31, 2018 Prepaid development costs $ -- $ 9,000 Rent deposit 2,888 3,086 Taxes receivable 6,624 4,046 Prepaid cost 3,366 155 $ 12,878 $ 16,287

Convertible Debts Disclosure

Convertible Debts Disclosure	9 Months Ended
	Dec. 31, 2018
Notes
Convertible Debts Disclosure	NOTE 5 - CONVERTIBLE DEBTS December 31, 2018 March 31, 2018 Principal balance, at beginning of period $ 542,614 $ -- Accrued interest and fees 34,296 $ 12,229 Converted to additional paid in capital (639,250) (226,469) Converted to common stock (3,161) (2,667) Convertible note settled in cash i (293,000) -- Convertible notes issued ii 1,201,850 771,750 Unamortized debt discount (450,158) (433,016) Balance, net of discount, at end of period $ 393,191 $ 121,827 i. During the nine months ended December 31, 2018, the Company paid off seven loans in cash for a total amount of $410,433 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 53,000 16,851 3,171 73,023 33,000 10,460 2,059 45,519 53,000 19,563 2,895 75,458 50,000 18,641 2,893 71,534 $ 293,000 $ 97,390 $ 20,042 $ 410,432 ii. During the nine months ended December 31, 2018, the Company entered into the following Securities Purchase Agreements with independent lenders in connection with the issuance of convertible notes totalling $1,201,850: # Amount in ($) Issue date Maturity date Interest rate p.a. Loan balance as at Dec. 31, 2018 ($) Conversion terms Prepayment terms 1 53,000 11-May-18 28-Feb-19 12% - 2 79,800 06-Jun-18 06-Jun-19 8% 50,000 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 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 31-Mar-19 12% - The conversion price is a variable conversion price which will be 61% of the market price. Market price is the average of the lowest 2 trading prices during 10 trading days prior to the conversion date. prepayment at premium ranging from 110% to 130% of the loan note if prepaid within 30 days and after 120 days but before 180 days respectively. 4 53,000 22-Jun-18 22-Mar-19 11% - 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% - 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 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. 7 27,000 25-Jul-18 25-Jul-19 5% - 8 40,000 30-Jul.-18 30-Jul-19 8% - 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% - 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. 15 75,000 03-Oct-18 03-Oct-19 12% 75,000 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 135% to 150% of the loan note if prepaid within 90 days and after 180 days respectively. 16 80,000 10-Oct-18 10-Jul-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. 17 52,000 08-Oct-18 09-Jan-19 8% 6,000 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. 18 40,000 17-Oct-18 17-Oct-19 8% 40,000 The conversion price is a variable conversion price which will be 63% of the market price. Market price is the lowest average two trading price during twelve trading days prior to the conversion date. prepayment at premium ranging from 110% to 126% of the loan note if prepaid within 60 days and 180 days respectively. 19 22,500 29-Oct-18 15-Mar-19 5% 22,500 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 150% of the loan note if prepaid within 30 days and after 120 days but before 180 days respectively. 20 79,800 31-Oct-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. $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. 21 100,000 27-Nov-18 27-Nov-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. $ 1,201,850 $ 818,050

Derivative Liabilities Disclosu

Derivative Liabilities Disclosure	9 Months Ended
	Dec. 31, 2018
Notes
Derivative Liabilities Disclosure	NOTE 6 - DERIVATIVE LIABILITIES December 31, 2018 March 31, 2018 Balance, at beginning of period $ 933,198 $ -- Derivative additions associated with convertible notes on issuance 631,679 767,931 Day one loss on derivatives 325,557 665,475 Change in fair value as at period end (547,395) (183,633) Value transferred to paid in capital on conversion of convertible notes (521,869) (316,575) Balance, at end of period $ 821,170 $ 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 December 31, 2018 using the Black-Scholes valuation technique, using the following assumptions. Issue date: December 31, 2018 December 31, 2017 Expected dividend nil nil Risk free interest rate 0.030% 1% Expected volatility 105.63% 107.11 -170.94% Expected term 40 days - 314 days 30 days - 232 days

Common Stock Disclosure

Common Stock Disclosure	9 Months Ended
	Dec. 31, 2018
Notes
Common Stock Disclosure	NOTE 7 - COMMON STOCK (i) COMMON STOCK ISSUED AND OUTSTANIDNG 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 ,On September 6, 2018, exercised an additional 156,665 warrants to convert into an equal number of shares at an exercise price of $.0025 for a total of $392 and on October 2, 2018, Lupama exercised 4,000,000 warrants to convert into equal number of shares at an exercise price of $.0025 for a total of $10,000 . Exercise of warrants was off set against amounts payable to Lupama in lieu of cash payment. 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 $829,500 , which was off set against amounts payable to Lupama. c. During the nine months ended December 31, 2018 thirty-one convertible notes plus accrued interest were converted into 3,160,605 shares for a total value of $642,411 . At December 31, 2018 and March 31, 2018, the Company had 200,000,000 common shares of par value $0.001 common stock authorized. (ii) COMMON STOCK SUBSCRIBED On December 1, 2018, the Company initiated a private placement of up to 6 million units at a price of $.30 per Unit. Each Unit consisted of one common share and one warrant convertible into one common share at a conversion price of $.50 per share. Up to December 31, 2018, the Company received three subscriptions totalling to $250,000 subscribing to 833,333 Units. The subscriptions were approved, and shares were issued in January 2019.

Warrants Disclosure

Warrants Disclosure	9 Months Ended
	Dec. 31, 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 and on October 1, 2018, 4 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 34 million warrants issued was estimated at $20,485,440 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 (i) (a). The following assumptions were used in the valuation of these warrants: Relating to warrants issued on August 1, 2018 October 1, 2018 Expected dividend nil nil Risk free interest rate 3% 3% Expected volatility 138.56% 142.85% Expected term 3 years 3 years The movements during the nine months ended December 31, 2018 were as follows: December 31, 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 34,000,000 0.0025 5,900,000 0.20 Forfeited/Cancelled/Expired - - - - Exercised ( 34,000,000 ) (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 0.64 year as at December 31, 2018 (1.4 years as at March 31, 2018). As explained in Note 7(ii), the Company received subscriptions for 833,333 Units under a private placement. 833,333 warrants relating to these subscriptions were issued in January 2019.

Related Party Transactions, Dis

Related Party Transactions, Disclosure	9 Months Ended
	Dec. 31, 2018
Notes
Related Party Transactions, Disclosure	NOTE 9 - RELATED PARTY TRANSACTIONS ADVANCES FROM DIRECTOR AND STOCKHOLDER December 31, 2018 March 31, 2018 Balance, beginning of period $ 195,099 $ 74,631 Funds advanced (net) 32,893 120,468 Balance, end of period $ 227,992 $ 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 $27,000 respectively for the three and nine months ended December 31, 2018. ( $14,500 and $27,000 respectively for the three and nine months ended December 31, 2017). DEVELOPMENT COSTS Development costs includes fees charged by Lupama of $327,381 and $1,646,259 , respectively, for the three and nine months ended December 31, 2018 ( $345,520 and $375,230 respectively for the three and nine months ended December 31, 2017). Lupama is a company controlled by the CEO of the Company’s subsidiary. Lupama was issued 34 million warrants valued at $20,485,440 as explained in Note 8, which were fully exercised into equal number of restricted common shares and was also issued 1,843,334 restricted shares valued at $829,500 for services provided. TRAVEL, MEALS AND PROMOTION Comprises expenses of $7,286 and $28,760 charged by the CEO for the three and nine months ended December 31, 2018. ( $9,591 and $37,096 respectively for the three and nine months ended December 31, 2017).

Subsequent Events

Subsequent Events	9 Months Ended
	Dec. 31, 2018
Notes
Subsequent Events	NOTE 10 - SUBSEQUENT EVENTS The Company has evaluated subsequent events from the balance sheet date through the date these financial statements were issued and concluded that there are no other events to disclose except for the one detailed in Note 7(ii).

Business Description and Summ_2

Business Description and Summary of Significant Accounting Policies: Basis of Presentation (Policies)	9 Months Ended
	Dec. 31, 2018
Policies
Basis of Presentation	(B) Basis of Presentation The unaudited interim financial statements as of December 31, 2018 and for the three and nine months ended December 31, 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 nine months ended December 31, 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)	9 Months Ended
	Dec. 31, 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)	9 Months Ended
	Dec. 31, 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)	9 Months Ended
	Dec. 31, 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 December 31, 2018 excludes potentially dilutive securities of 9,711,936 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. December 31, 2018 March 31, 2018 Stock purchase warrants 5,900,000 5,900,000 Convertible loans 3,811,936 2,145,573 9,711,936 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)	9 Months Ended
	Dec. 31, 2018
Tables/Schedules
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	December 31, 2018 March 31, 2018 Stock purchase warrants 5,900,000 5,900,000 Convertible loans 3,811,936 2,145,573 9,711,936 8,045,573

Prepaid Expenses and Deposit,_2

Prepaid Expenses and Deposit, Disclosure: Schedule of Prepaid Expenses and Deposits (Tables)	9 Months Ended
	Dec. 31, 2018
Tables/Schedules
Schedule of Prepaid Expenses and Deposits	December 31, 2018 March 31, 2018 Prepaid development costs $ -- $ 9,000 Rent deposit 2,888 3,086 Taxes receivable 6,624 4,046 Prepaid cost 3,366 155 $ 12,878 $ 16,287

Convertible Debts Disclosure_ S

Convertible Debts Disclosure: Schedule of Convertible Debt (Tables)	9 Months Ended
	Dec. 31, 2018
Tables/Schedules
Schedule of Convertible Debt	December 31, 2018 March 31, 2018 Principal balance, at beginning of period $ 542,614 $ -- Accrued interest and fees 34,296 $ 12,229 Converted to additional paid in capital (639,250) (226,469) Converted to common stock (3,161) (2,667) Convertible note settled in cash i (293,000) -- Convertible notes issued ii 1,201,850 771,750 Unamortized debt discount (450,158) (433,016) Balance, net of discount, at end of period $ 393,191 $ 121,827

Convertible Debts Disclosure__2

Convertible Debts Disclosure: Schedule of Loans Settlement (Tables)	9 Months Ended
	Dec. 31, 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 53,000 16,851 3,171 73,023 33,000 10,460 2,059 45,519 53,000 19,563 2,895 75,458 50,000 18,641 2,893 71,534 $ 293,000 $ 97,390 $ 20,042 $ 410,432

Convertible Debts Disclosure__3

Convertible Debts Disclosure: Schedule of Debt Conversions Terms (Tables)	9 Months Ended
	Dec. 31, 2018
Tables/Schedules
Schedule of Debt Conversions Terms	# Amount in ($) Issue date Maturity date Interest rate p.a. Loan balance as at Dec. 31, 2018 ($) Conversion terms Prepayment terms 1 53,000 11-May-18 28-Feb-19 12% - 2 79,800 06-Jun-18 06-Jun-19 8% 50,000 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 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 31-Mar-19 12% - The conversion price is a variable conversion price which will be 61% of the market price. Market price is the average of the lowest 2 trading prices during 10 trading days prior to the conversion date. prepayment at premium ranging from 110% to 130% of the loan note if prepaid within 30 days and after 120 days but before 180 days respectively. 4 53,000 22-Jun-18 22-Mar-19 11% - 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% - 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 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. 7 27,000 25-Jul-18 25-Jul-19 5% - 8 40,000 30-Jul.-18 30-Jul-19 8% - 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% - 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. 15 75,000 03-Oct-18 03-Oct-19 12% 75,000 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 135% to 150% of the loan note if prepaid within 90 days and after 180 days respectively. 16 80,000 10-Oct-18 10-Jul-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. 17 52,000 08-Oct-18 09-Jan-19 8% 6,000 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. 18 40,000 17-Oct-18 17-Oct-19 8% 40,000 The conversion price is a variable conversion price which will be 63% of the market price. Market price is the lowest average two trading price during twelve trading days prior to the conversion date. prepayment at premium ranging from 110% to 126% of the loan note if prepaid within 60 days and 180 days respectively. 19 22,500 29-Oct-18 15-Mar-19 5% 22,500 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 150% of the loan note if prepaid within 30 days and after 120 days but before 180 days respectively. 20 79,800 31-Oct-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. $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. 21 100,000 27-Nov-18 27-Nov-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. $ 1,201,850 $ 818,050

Derivative Liabilities Disclo_2

Derivative Liabilities Disclosure: Schedule of Derivative Liabilities (Tables)	9 Months Ended
	Dec. 31, 2018
Tables/Schedules
Schedule of Derivative Liabilities	December 31, 2018 March 31, 2018 Balance, at beginning of period $ 933,198 $ -- Derivative additions associated with convertible notes on issuance 631,679 767,931 Day one loss on derivatives 325,557 665,475 Change in fair value as at period end (547,395) (183,633) Value transferred to paid in capital on conversion of convertible notes (521,869) (316,575) Balance, at end of period $ 821,170 $ 933,198

Derivative Liabilities Disclo_3

Derivative Liabilities Disclosure: Schedule of Fair Value Assumptions Used (Tables)	9 Months Ended
	Dec. 31, 2018
Tables/Schedules
Schedule of Fair Value Assumptions Used	Issue date: December 31, 2018 December 31, 2017 Expected dividend nil nil Risk free interest rate 0.030% 1% Expected volatility 105.63% 107.11 -170.94% Expected term 40 days - 314 days 30 days - 232 days

Warrants Disclosure_ Valuation

Warrants Disclosure: Valuation Assumptions for Warrants (Tables)	9 Months Ended
	Dec. 31, 2018
Tables/Schedules
Valuation Assumptions for Warrants	Relating to warrants issued on August 1, 2018 October 1, 2018 Expected dividend nil nil Risk free interest rate 3% 3% Expected volatility 138.56% 142.85% Expected term 3 years 3 years

Warrants Disclosure_ Schedule o

Warrants Disclosure: Schedule of Warrants Outstanding (Tables)	9 Months Ended
	Dec. 31, 2018
Tables/Schedules
Schedule of Warrants Outstanding	December 31, 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 34,000,000 0.0025 5,900,000 0.20 Forfeited/Cancelled/Expired - - - - Exercised ( 34,000,000 ) (0.0025) - - Outstanding - end of period 5,900,000 $ 0.20 5,900,000 $ 0.20

Related Party Transactions, D_2

Related Party Transactions, Disclosure: Schedule of Advances from Stockholder (Tables)	9 Months Ended
	Dec. 31, 2018
Tables/Schedules
Schedule of Advances from Stockholder	December 31, 2018 March 31, 2018 Balance, beginning of period $ 195,099 $ 74,631 Funds advanced (net) 32,893 120,468 Balance, end of period $ 227,992 $ 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	12 Months Ended	21 Months Ended
	Mar. 31, 2018	Dec. 31, 2018
Potentially dilutive securities excluded from the computation of diluted net loss per share	8,045,573	9,711,936
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	2,145,573	3,811,936

Going Concern (Details)

Going Concern (Details) - USD ($)	Dec. 31, 2018	Mar. 31, 2018
Details
Accumulated deficit	$ 28,113,087	$ 5,125,413

Prepaid Expenses and Deposit,_3

Prepaid Expenses and Deposit, Disclosure: Schedule of Prepaid Expenses and Deposits (Details) - USD ($)	Dec. 31, 2018	Mar. 31, 2018
Prepaid expenses and deposits	$ 12,878	$ 16,287
Prepaid development costs
Prepaid expenses and deposits		9,000
Rent deposit
Prepaid expenses and deposits	2,888	3,086
Taxes receivable
Prepaid expenses and deposits	6,624	4,046
Prepaid fee
Prepaid expenses and deposits	$ 3,366	$ 155

Convertible Debts Disclosure__4

Convertible Debts Disclosure: Schedule of Convertible Debt (Details) - USD ($)	Dec. 31, 2018	Mar. 31, 2018
Convertible debt, net	$ 393,191	$ 121,827
Accrued interest on convertible debt
Convertible debts, gross	34,296	12,229
Converted to additional paid-in capital
Convertible debts, gross	(639,250)	(226,469)
Converted to common stock
Convertible debts, gross	(3,161)	(2,667)
Convertible notes settled in cash
Convertible debts, gross	(293,000)
Convertible notes issued
Convertible debts, gross	1,201,850	771,750
BCF amortization of discount
Convertible debts, gross	$ (450,158)	$ (433,016)

Convertible Debts Disclosure__5

Convertible Debts Disclosure: Schedule of Loans Settlement (Details)	9 Months Ended
	Dec. 31, 2018USD ($)
Details
Repayment of convertible loans	$ 293,000

Convertible Debts Disclosure__6

Convertible Debts Disclosure: Schedule of Debt Conversions Terms (Details) - USD ($)	9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Details
Proceeds from convertible loans	$ 1,201,850	$ 231,500

Derivative Liabilities Disclo_4

Derivative Liabilities Disclosure: Schedule of Derivative Liabilities (Details) - USD ($)	9 Months Ended
	Dec. 31, 2018	Mar. 31, 2018
Details
Derivative liability	$ 821,170	$ 933,198
Derivative additions associated with convertible notes	631,679
Loss on derivatives	325,557
Change in fair value as at period end	(547,395)
Value transferred to paid in capital on conversion of convertible notes	$ (521,869)

Common Stock Disclosure (Detail

Common Stock Disclosure (Details) - USD ($)	9 Months Ended
	Dec. 31, 2018	Mar. 31, 2018
Common stock issued for exercise of warrants	34,000,000
Value of stock issued for services	$ 829,500
Common stock issued for converted debt	3,160,605
Value of stock issued converted debt	$ 642,411
Common stock authorized for issuance	200,000,000	200,000,000
Common stock par value	$ 0.001	$ 0.001
Private placement subscriptions, proceeds	$ 250,000
Common stock subscribed but unissued	833,333
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 October 2, 2018
Common stock issued for exercise of warrants	4,000,000
Value associated with warrant exercise	$ 10,000
On September 27, 2018
Common stock issued for services	999,999

Warrants Disclosure (Details)

Warrants Disclosure (Details) - USD ($)	1 Months Ended	9 Months Ended
	May 31, 2017	Dec. 31, 2018
Warrants issued		34,000,000
Fair value of warrants issued		$ 20,485,440,000,000
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	9 Months Ended
	Dec. 31, 2018	Mar. 31, 2018
Details
Warrants outstanding	5,900,000	5,900,000
Warrants issued	34,000,000
Common stock issued for exercise of warrants	34,000,000

Related Party Transactions, D_3

Related Party Transactions, Disclosure: Schedule of Advances from Stockholder (Details) - USD ($)	9 Months Ended
	Dec. 31, 2018	Mar. 31, 2018
Due to related party	$ 227,992	$ 195,099
Advances from a director and stockholder
Due to related party	227,992	$ 195,099
Advances repaid	$ 32,893

Related Party Transactions, D_4

Related Party Transactions, Disclosure (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Travel and meals costs charged by the CEO	$ 7,286	$ 9,591	$ 28,760	$ 37,096
Consulting fees charged by the CEO
Fees from transactions with related parties	9,000	14,500	27,000	27,000
Development costs from a company controlled by the CEO
Fees from transactions with related parties	$ 327,381	$ 345,520	$ 1,646,259	$ 375,230