Plyzer (PLYZ) 10-Q 12 Sep 19 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2019	Sep. 06, 2019
Details
Registrant CIK	0001334589
Fiscal Year End	--03-31
Registrant Name	Plyzer Technologies Inc.
SEC Form	10-Q
Period End date	Jun. 30, 2019
Tax Identification Number (TIN)	99-0381956
Number of common stock shares outstanding		92,125,158
Filer Category	Non-accelerated Filer
Current with reporting	Yes
Interactive Data Current	Yes
Shell Company	false
Small Business	true
Emerging Growth Company	false
Entity File Number	333-127389
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	47 Avenue Road, Suite 200
Entity Address, City or Town	Toronto
Entity Address, State or Province	ON
Entity Address, Country	CA
Entity Address, Postal Zip Code	M5R 2G3
City Area Code	416
Local Phone Number	860-0211
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2019	Mar. 31, 2019
CURRENT ASSETS
Cash	$ 262,320	$ 183,439
Accounts receivable, net	36,664	0
Prepayment to a related party	56,448	0
Other receivable and prepaid expenses	145,710	20,887
Total current assets	501,142	204,326
Furniture and equipment, net	66,441	2,615
Investments	86,443	0
Total Assets	654,026	206,941
CURRENT LIABILITIES
Accounts payable and accrued liabilities	277,482	47,989
Payable to a related party	293,341	0
Advances from director and shareholder	310,346	264,733
Convertible debt, net	421,984	306,648
Derivative liabilities	3,862,433	2,110,425
Total Current Liabilities	5,165,586	2,729,795
Total Liabilities	5,165,586	2,729,795
STOCKHOLDERS' EQUITY(DEFICIT)
Common stock, $0.001 par value, authorized 300,000,000 shares; 88,216,852 shares issued and outstanding at June 30, 2019 and 84,330,955 at March 31, 2019	88,216	84,330
Common stock subscribed	0	300
Additional paid-in capital	29,139,755	28,015,297
Accumulated other comprehensive income	67,135	67,653
Accumulated deficit	(33,806,666)	(30,690,434)
Total Stockholders' Equity(Deficit)	(4,511,560)	(2,522,854)
Total Liabilities and Stockholders' Equity (Deficit)	$ 654,026	$ 206,941

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets - Parenthetical - $ / shares	Jun. 30, 2019	Mar. 31, 2019
Details
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	300,000,000	300,000,000
Common Stock, Shares, Issued	88,216,852	84,330,955
Common Stock, Shares, Outstanding	88,216,852	84,330,955

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Details
REVENUES	$ 33,902	$ 0
OPERATING EXPENSES:
Development costs	186,592	283,458
Salaries and benefits	175,817	0
Selling and marketing	193,008	0
General and administrative expenses	55,208	11,554
Professional fees	95,685	29,300
Consulting fees	272,575	23,726
Total expenses	978,885	348,038
Loss from operations	(944,983)	(348,038)
Other income (expense)
Premium on early settlement of convertible loans	(159,545)	(21,975)
Derivative gain (loss)	(1,345,964)	53,496
Interest and amortization expense	(665,740)	(209,159)
Net income (loss)	(3,116,232)	(525,676)
Other comprehensive gain(loss)	(518)	1,582
Comprehensive (loss)	$ (3,116,750)	$ (524,094)
Net loss per share, basic and diluted	$ (0.04)	$ (0.01)
Number of weighted average common shares outstanding, basic and diluted	87,213,030	43,183,271

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity (Deficit) - USD ($)	Common Stock	Deferred Compensation, Share-based Payments	Additional Paid-in Capital	Retained Earnings	AOCI Including Portion Attributable to Noncontrolling Interest	Total
Equity Balance at Mar. 31, 2018	$ 43,183	$ 0	$ 3,901,238	$ (5,125,413)	$ 65,353	$ (1,115,639)
Equity Balance, Shares at Mar. 31, 2018	43,183,271
Derivative liabilities reclassified as additional paid in capital due to conversion of notes	$ 0	0	65,914	0	0	65,914
Equity Balance, Shares at Jun. 30, 2018	43,183,271
Common stock issued upon conversion of notes						(229,136)
Translation differences	$ 0	0	0	0	1,582	1,582
Net income (loss)	0	0	0	(525,676)	0	(525,676)
Equity Balance at Jun. 30, 2018	43,183	0	3,967,152	(5,651,089)	66,935	(1,573,819)
Equity Balance at Mar. 31, 2019						(2,522,854)
Derivative liabilities reclassified as additional paid in capital due to conversion of notes	0	0	522,815	0	0	522,815
Common stock issued for services provided	$ 1,240		258,560	0	0	$ 259,800
Common stock issued for services provided	1,240,000					1,240,000
Common stock issued under private placement	$ 1,550	(300)	248,750	0	0	$ 250,000
Common stock issued under private placement	1,550,000					1,550,000
Common stock issued upon conversion of notes	$ 1,096	0	94,333	0	0	$ 95,429
Common stock issued upon conversion of notes	1,095,897					1,095,897
Translation differences	$ 0	0	0	0	(518)	$ (518)
Net income (loss)	0	0	0	(3,116,232)	0	(3,116,232)
Equity Balance at Jun. 30, 2019	$ 88,216	$ 0	$ 29,139,755	$ (33,806,666)	$ 67,135	$ (4,511,560)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (3,116,232)	$ (525,676)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation	4,955	654
Interest and fees settled in shares	6,903	0
Stock compensation	259,800	0
Amortization	599,770	194,718
Derivative gain (loss)	1,345,964	(53,496)
Changes in operating assets and liabilities
(Increase) decrease in receivable and prepayment	(161,487)	2,317
(Increase) in prepayment to a related party	(56,448)	0
Increase in payable to a related party	293,341	0
Increase in accounts payable and accrued liabilities	229,493	32,222
Net cash used by operating activities	(593,941)	(349,261)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of furniture and equipment	(68,780)	0
Payments for investment	(86,443)	0
Net cash (used in) investing activities	(155,223)	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Net advances from director and stockholder	293,730	0
Payments on director and stockholder advances	(248,117)	(22,531)
Proceeds from common shares issued	250,000	0
Payments on convertible loans	(392,500)	(71,000)
Proceeds from convertible loans	925,450	218,800
Net cash provided by financing activities	828,563	125,269
Effects of exchange rates on cash	(518)	1,582
Net increase (decrease) in cash	78,881	(222,410)
Cash, beginning of period	183,439	261,575
Cash, end of period	262,320	39,165
SUPPLEMENTAL DISCLOSURES
Income taxes	0	0
Interest paid	19,645	4,679
Non-Cash Investing and Financing Activities
Common stock issued upon conversion of notes	95,429	(229,136)
Fair value of warrants issued	0	20,485,440
Derivative liability reclassified as additional paid in capital	$ 522,815	$ 65,914

BUSINESS DESCRIPTION AND SUMMAR

BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jun. 30, 2019
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 a provider of custom, real-time, cloud-based business intelligence solutions for brands to analyze critical online price and market data. Plyzer Spain, a wholly owned subsidiary, commenced its operations in April 2019 and signed its first customer on June 20, 2019. (B) Basis of Presentation The unaudited interim financial statements as of June 30, 2019 and for the three months ended June 30, 2019 and 2018 have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These financial statements are unaudited and, in the opinion of management, include all adjustments (consisting of normal recurring adjustments and accruals) necessary to present fairly the balance sheet, operating results and cash flows for the periods presented in accordance with accounting principles generally accepted in the United States of America. Operating results for the three months ended June 30, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2020. 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 Technologies Spain s.l., a wholly owned subsidiary incorporated in Spain in April 2019 d.) PlyzerCan Intelligence Ltd., a wholly owned subsidiary incorporated in Ontario, Canada in June 2019. The subsidiary has not yet commenced any operations. e.) 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, 2019. The significant accounting policies followed are the same as those detailed in the said Annual Report except for the following new policies which were effective April 1, 2019: Revenue Recognition We adopted ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”). We recognize revenues when we satisfy a performance obligation by transferring a promised good or service (that is, an asset) to a customer. An asset is transferred when the customer obtains control of that asset. To achieve that core principle, we apply the five steps defined under Topic 606: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. We assess our revenue arrangements against specific criteria in order to determine if we are acting as principal or agent. Revenue arrangements with multiple performance obligations are divided into separate distinct goods or services. We allocate the transaction price to each performance obligation based on the relative standalone selling price of the goods or services provided. Revenue is recognized upon the transfer of control of promised goods or services to a customer. Revenue is recorded net of value-added tax. Accounts Receivable and Allowances Accounts receivable are recognized and carried at the original invoice amounts less an allowance for any uncollectible amount. We have a policy of reserving for uncollectible accounts based on our best estimate of the amount of probable credit losses in our existing accounts receivable. We extend credit to our customers based on an evaluation of their financial condition and other factors. We generally do not require collateral or other security to support accounts receivable. We perform ongoing credit evaluations of our customers and maintain an allowance for potential bad debts if required. We determine whether an allowance for doubtful accounts is required by evaluating specific accounts where information indicates the customers may have an inability to meet financial obligations. In these cases, we use assumptions and judgment, based on the best available facts and circumstances, to record a specific allowance for those customers against amounts due to reduce the receivable to the amount expected to be collected. These specific allowances are re-evaluated and adjusted as additional information is received. The amounts calculated are analyzed to determine the total amount of the allowance. We may also record a general allowance as necessary. Direct write-offs are taken in the period when we have exhausted our efforts to collect overdue and unpaid receivable or otherwise evaluate other circumstances that indicate that we should abandon such efforts. Leases The Company adopted the new lease accounting standard ASC 842 effective April 1, 2019. The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The Company does not currently have any leases over twelve months. 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 June 30, 2019 excludes potentially dilutive securities of 26,324,037 shares underlying share purchase warrants and convertible notes, because their inclusion would be antidilutive. As a result, the computations of net loss per share for each period presented is the same for both basic and fully diluted. Potentially dilutive securities outlined in the table below have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been anti-dilutive. June 30, 2019 March 31, 2019 Stock purchase warrants 8,350,000 6,800,000 Convertible loans 17,974,037 12,962,867 Total 26,324,037 19,762,867

GOING CONCERN DISCLOSURE

GOING CONCERN DISCLOSURE	3 Months Ended
	Jun. 30, 2019
Notes
GOING CONCERN DISCLOSURE	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 recently begun commercializing its products but has not yet established an ongoing source of revenues sufficient to cover its operating costs. The ability of the Company to continue as a going concern is dependent on the Company’s success in securing more revenue and obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital or sale its services, it could be forced to cease operations, which raises doubt about the Company’s ability to continue as a going concern. 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 seeking equity and/or debt financing. While the Company has so far been successful in raising the required capital through debt and equity financing, management cannot provide any assurances that the Company will continue to be able to raise the funding required to complete its development work and commercial launch of the portal successfully in future.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS DISCLOSURE	3 Months Ended
	Jun. 30, 2019
Notes
RECENT ACCOUNTING PRONOUNCEMENTS DISCLOSURE	NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS 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. In August 2018, the FASB issued authoritative guidance regarding Fair Value Measurement: Disclosure Framework, which eliminates, adds and modifies certain disclosure requirements for fair value measurements. The standard is effective for the Company for its fiscal year beginning April 1, 2020, including interim periods within that fiscal year, with early adoption permitted. In August 2018, the FASB issued authoritative guidance regarding Intangibles - Goodwill and Other - Internal-Use Software, which aligns the requirements for a customer to capitalize implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The standard is effective for the Company for its fiscal year beginning April 1, 2020, including interim periods within that fiscal year, with early adoption permitted. 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 the above recently adopted accounting pronouncements will not have an impact on the financial statements.

OTHER RECEIVABLE AND PREPAID EX

OTHER RECEIVABLE AND PREPAID EXPENSES DISCLOSURE	3 Months Ended
	Jun. 30, 2019
Notes
OTHER RECEIVABLE AND PREPAID EXPENSES DISCLOSURE	NOTE 4 - OTHER RECEIVABLE AND PREPAID EXPENSES June 30, 2019 March 31, 2019 Rent deposit $ 3,006 $ 2,960 Taxes receivable (i) 66,704 7,903 Advances to Plyzer Spain - 3,421 Prepaid cost (ii) 76,000 6,603 Balance, at end of period $ 145,710 $ 20,887 (i) includes $57,466 relating to tax, subsidy and other government benefits receivable by Plyzer Spain (ii) includes fee of $72,750 paid in advance to a consultant

INVESTMENT DISCLOSURE

INVESTMENT DISCLOSURE	3 Months Ended
	Jun. 30, 2019
Notes
INVESTMENT DISCLOSURE	NOTE 5 - INVESTMENT On April 10, 2019, the Company invested $86,443 (€ 76,641) in a private company in Spain, Auxistencia SL. The Company’s investment is less than 10% of the equity of Auxistencia SL and is accounted for at cost which is considered equivalent to its fair value. As at June 30, 2019, the management evaluated the investment for any impairment and concluded that there was none.

CONVERTIBLE DEBTS DISCLOSURE

CONVERTIBLE DEBTS DISCLOSURE	3 Months Ended
	Jun. 30, 2019
Notes
CONVERTIBLE DEBTS DISCLOSURE	NOTE 6 - CONVERTIBLE DEBTS June 30, 2019 March 31, 2019 Principal balance, at beginning of period $ 1,295,455 $ 542,614 Accrued interest and fees 42,541 52,864 Converted to additional paid in capital (94,333) (834,293) Converted to common stock (1,096) (4,404) Convertible notes settled in cash i (392,500) (519,436) Convertible notes issued ii 995,450 2,040,600 Unamortized debt discount (1,423,533) (971,297) Balance, at end of period $ 421,984 $ 306,648 (i) During the three months ended June 30, 2019, the Company paid off seven (two during the six months to June 30, 2018) loans in cash for a total amount of $571,002 ($97,654 for the three months to June 30, 2018) as follows: For the three months ended June 30, 2019 2018 Principal amount of loan $ 392,500 $ 71,000 Premium on early settlement 158,857 21,975 Accrued interest 19,645 4,679 $ 571,002 $ 97,654 (ii) During the three months ended June 30, 2019, the Company entered into convertible notes agreements with independent lenders totaling to $995,450. The following is a summary of the main terms of these agreements: Three months ended June 30, 2019 2018 Number of new loan notes issued 14 4 Total amount of the loans $ 925,450 $ 218,800 Interest rates from 8% to 12% from 8% to 12% Period of loans nine months to one year nine months to one year Conversion terms The conversion price is a variable conversion price which varies from 60 % to 61% the market price. Market price is either the average of the lowest two trading prices or the lowest price during 10 to 20 trading days prior to the conversion date. The conversion price is a variable conversion price which varies from 60% to 61% of the market price. Market price is either the average of the lowest two trading prices or the lowest price during 10 to 20 trading days prior to the conversion date. Prepayment terms prepayment at premium ranging from 110% to 150% of the loan note if prepaid within 60 days and after 120 days but before 180 days respectively. Prepayments are usually not allowed after 180 days prepayment at premium ranging from 110% to 135% of the loan note if prepaid within 60 days and after 120 days but before 180 days respectively. Prepayments are usually not allowed after 180 days Prepayment term prepayment at premium ranging from 110% to 150% of the loan note if prepaid within 60 days and after 120 days but before 180 days respectively. Prepayments are usually not allowed after 180 days prepayment at premium ranging from 110% to 135% of the loan note if prepaid within 60 days and after 120 days but before 180 days respectively. Prepayments are usually not allowed after 180 days One loan with a balance of $8,705 was due on March 15, 2019 but remained unpaid on that date. The terms of the loan agreement provides that on default the loan is immediately payable at 150% of the outstanding amount.

DERIVATIVE LIABILITIES DISCLOSU

DERIVATIVE LIABILITIES DISCLOSURE	3 Months Ended
	Jun. 30, 2019
Notes
DERIVATIVE LIABILITIES DISCLOSURE	NOTE 7 - DERIVATIVE LIABILITIES June 30, 2019 March 31, 2019 Balance, at beginning of period $ 2,110,425 $ 933,198 Derivative additions associated with convertible notes on issuance $ 928,859 2,040,191 Day one loss on derivatives 403,406 539,087 Change in fair value as at period end 942,558 169,818 Value transferred to paid in capital on conversion of convertible notes (522,815) (1,571,869) Balance, at end of period $ 3,862,433 $ 2,110,425 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 re-measured on June 30, 2019 using the Black-Scholes valuation technique, using the following assumptions: 2019 2019 Issue date June 30, 2019 Issue date March 31, 2019 Expected dividend nil nil nil nil Risk free interest rate 2.96% 2.96% 2.96% 2.96% Expected volatility 102% -167% 139% 102% -167% 120% Expected term 219 days -365 days 15 days - 361 days 91 days -365 days 66 days - 361 days

COMMON STOCK DISCLOSURE

COMMON STOCK DISCLOSURE	3 Months Ended
	Jun. 30, 2019
Notes
COMMON STOCK DISCLOSURE	NOTE 8 - COMMON STOCK Three months ended June 30, 2019: (a) Seven convertible notes plus accrued interest were converted into 1,095,897 shares for a total value of $95,429. (b) The Company raised $250,000 under a private placement, which were subscribed by three subscribers who were issued 1,550,000 shares at an average price of $0.20 per share and equal number of warrants convertible into equal number of shares at an exercise price of $0.50 per share within two years of their issuance. (c) 1,240,000 shares were issued to thirteen consultants valued at $259,800 There was no common stock activity during the three months ended June 30, 2018. At June 30, 2019 and March 31, 2019, the Company had 300,000,000 common shares of par value $0.001 common stock authorized.

WARRANTS DISCLOSURE

WARRANTS DISCLOSURE	3 Months Ended
	Jun. 30, 2019
Notes
WARRANTS DISCLOSURE	NOTE 9 - WARRANTS During three months ended June 30, 2019, the Company issued 1,550,000 warrants in connection with the private placement. The relative fair value of these warrants issued was estimated at $194,056 using the Black-Scholes valuation technique. The warrants are convertible into equal number of shares at an exercise price of $0.50 per share within two years of their issuance. The following assumptions were used in the valuation of these warrants: Expected dividend nil Risk free interest rate 3% Expected volatility 105% Expected term 2 years The value of warrants has been included in paid in capital. The following are the movements in warrants during the three months ended June 30, 2019: June 30, 2019 March 31, 2019 No. of Warrants Weighted average exercise price No. of Warrants Weighted average exercise price Outstanding - beginning of year 6,800,000 $ 0.24 5,900,000 $ 0.20 Issued 1,550,000 $ 0.50 34,900,000 $ 0.02 Exercised - $ - (34,000,000) $ 0.0025 Outstanding - end of year 8,350,000 $0.29 6,800,000 $0.24 The aforementioned warrants have an average remaining life of approximately 0.62 year as at June 30, 2019 (0.57 year as at March 31, 2019).

RELATED PARTY TRANSACTIONS DISC

RELATED PARTY TRANSACTIONS DISCLOSURE	3 Months Ended
	Jun. 30, 2019
Notes
RELATED PARTY TRANSACTIONS DISCLOSURE	NOTE 10 - RELATED PARTY TRANSACTIONS ADVANCES FROM DIRECTOR AND STOCKHOLDER June 30, 2019 March 31, 2019 Balance, beginning of year $ 264,733 $ 195,009 funds received 293,730 136,213 funds paid ( 248,117 ) (66,489) Balance, end of year $ 310,346 $ 264,733 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 for the three months ended June 30, 2019. ($9,000 for the three months ended June 30, 2018). DEVELOPMENT COSTS. Development costs include fee of $123,308 (three months ended June 30, 2018: $262,310) charged by Lupama, a company controlled by the CEO of the Company’s subsidiary. SELLING AND MARKETING Includes expenses of $160,181 charged by Lupama. (June 30, 2018: $ nil).

SUBSEQUENT EVENTS DISCLOSURE

SUBSEQUENT EVENTS DISCLOSURE	3 Months Ended
	Jun. 30, 2019
Notes
SUBSEQUENT EVENTS DISCLOSURE	NOTE 11 - SUBSEQUENT EVENTS On July 7, 2019, the Company increased its authorized capital to 300 million common shares with $0.001 par value from 200 million common shares with $0.001 par value. The Company has reviewed events subsequent to June 30, 2019 through the date these financial statements were issued and determined there are no additional events requiring disclosure.

BUSINESS DESCRIPTION AND SUMM_2

BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basis of Accounting, Policy (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
Basis of Accounting, Policy	The unaudited interim financial statements as of June 30, 2019 and for the three months ended June 30, 2019 and 2018 have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These financial statements are unaudited and, in the opinion of management, include all adjustments (consisting of normal recurring adjustments and accruals) necessary to present fairly the balance sheet, operating results and cash flows for the periods presented in accordance with accounting principles generally accepted in the United States of America. Operating results for the three months ended June 30, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2020. 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)	3 Months Ended
	Jun. 30, 2019
Policies
Consolidation, Policy	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 Technologies Spain s.l., a wholly owned subsidiary incorporated in Spain in April 2019 d.) PlyzerCan Intelligence Ltd., a wholly owned subsidiary incorporated in Ontario, Canada in June 2019. The subsidiary has not yet commenced any operations. e.) Plyzer Blockchain Technologies Inc., a wholly owned subsidiary incorporated in Ontario, Canada on November 3, 2017. The subsidiary has not yet commenced any operations.

BUSINESS DESCRIPTION AND SUMM_4

BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition, Policy (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
Revenue Recognition, Policy	Revenue Recognition We adopted ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”). We recognize revenues when we satisfy a performance obligation by transferring a promised good or service (that is, an asset) to a customer. An asset is transferred when the customer obtains control of that asset. To achieve that core principle, we apply the five steps defined under Topic 606: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. We assess our revenue arrangements against specific criteria in order to determine if we are acting as principal or agent. Revenue arrangements with multiple performance obligations are divided into separate distinct goods or services. We allocate the transaction price to each performance obligation based on the relative standalone selling price of the goods or services provided. Revenue is recognized upon the transfer of control of promised goods or services to a customer. Revenue is recorded net of value-added tax.

BUSINESS DESCRIPTION AND SUMM_5

BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Accounts Receivable and Allowances, Policy (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
Accounts Receivable and Allowances, Policy	Accounts Receivable and Allowances Accounts receivable are recognized and carried at the original invoice amounts less an allowance for any uncollectible amount. We have a policy of reserving for uncollectible accounts based on our best estimate of the amount of probable credit losses in our existing accounts receivable. We extend credit to our customers based on an evaluation of their financial condition and other factors. We generally do not require collateral or other security to support accounts receivable. We perform ongoing credit evaluations of our customers and maintain an allowance for potential bad debts if required. We determine whether an allowance for doubtful accounts is required by evaluating specific accounts where information indicates the customers may have an inability to meet financial obligations. In these cases, we use assumptions and judgment, based on the best available facts and circumstances, to record a specific allowance for those customers against amounts due to reduce the receivable to the amount expected to be collected. These specific allowances are re-evaluated and adjusted as additional information is received. The amounts calculated are analyzed to determine the total amount of the allowance. We may also record a general allowance as necessary. Direct write-offs are taken in the period when we have exhausted our efforts to collect overdue and unpaid receivable or otherwise evaluate other circumstances that indicate that we should abandon such efforts.

BUSINESS DESCRIPTION AND SUMM_6

BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Leases, Policy (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
Leases, Policy	Leases The Company adopted the new lease accounting standard ASC 842 effective April 1, 2019. The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The Company does not currently have any leases over twelve months.

BUSINESS DESCRIPTION AND SUMM_7

BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Use of Estimates, Policy (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
Use of Estimates, Policy	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_8

BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Earnings Per Share, Policy (Policies)	3 Months Ended
	Jun. 30, 2019
Policies
Earnings 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 June 30, 2019 excludes potentially dilutive securities of 26,324,037 shares underlying share purchase warrants and convertible notes, because their inclusion would be antidilutive. As a result, the computations of net loss per share for each period presented is the same for both basic and fully diluted. Potentially dilutive securities outlined in the table below have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been anti-dilutive. June 30, 2019 March 31, 2019 Stock purchase warrants 8,350,000 6,800,000 Convertible loans 17,974,037 12,962,867 Total 26,324,037 19,762,867

BUSINESS DESCRIPTION AND SUMM_9

BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Earnings Per Share, Policy: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	June 30, 2019 March 31, 2019 Stock purchase warrants 8,350,000 6,800,000 Convertible loans 17,974,037 12,962,867 Total 26,324,037 19,762,867

OTHER RECEIVABLE AND PREPAID _2

OTHER RECEIVABLE AND PREPAID EXPENSES DISCLOSURE: Schedule of Other Receivables and Prepaid Expenses (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Schedule of Other Receivables and Prepaid Expenses	June 30, 2019 March 31, 2019 Rent deposit $ 3,006 $ 2,960 Taxes receivable (i) 66,704 7,903 Advances to Plyzer Spain - 3,421 Prepaid cost (ii) 76,000 6,603 Balance, at end of period $ 145,710 $ 20,887

CONVERTIBLE DEBTS DISCLOSURE_ S

CONVERTIBLE DEBTS DISCLOSURE: Schedule of Convertible Debt (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Schedule of Convertible Debt	June 30, 2019 March 31, 2019 Principal balance, at beginning of period $ 1,295,455 $ 542,614 Accrued interest and fees 42,541 52,864 Converted to additional paid in capital (94,333) (834,293) Converted to common stock (1,096) (4,404) Convertible notes settled in cash i (392,500) (519,436) Convertible notes issued ii 995,450 2,040,600 Unamortized debt discount (1,423,533) (971,297) Balance, at end of period $ 421,984 $ 306,648

CONVERTIBLE DEBTS DISCLOSURE__2

CONVERTIBLE DEBTS DISCLOSURE: Schedule of Debt Conversions Terms (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Schedule of Debt Conversions Terms	Three months ended June 30, 2019 2018 Number of new loan notes issued 14 4 Total amount of the loans $ 925,450 $ 218,800 Interest rates from 8% to 12% from 8% to 12% Period of loans nine months to one year nine months to one year Conversion terms The conversion price is a variable conversion price which varies from 60 % to 61% the market price. Market price is either the average of the lowest two trading prices or the lowest price during 10 to 20 trading days prior to the conversion date. The conversion price is a variable conversion price which varies from 60% to 61% of the market price. Market price is either the average of the lowest two trading prices or the lowest price during 10 to 20 trading days prior to the conversion date. Prepayment terms prepayment at premium ranging from 110% to 150% of the loan note if prepaid within 60 days and after 120 days but before 180 days respectively. Prepayments are usually not allowed after 180 days prepayment at premium ranging from 110% to 135% of the loan note if prepaid within 60 days and after 120 days but before 180 days respectively. Prepayments are usually not allowed after 180 days Prepayment term prepayment at premium ranging from 110% to 150% of the loan note if prepaid within 60 days and after 120 days but before 180 days respectively. Prepayments are usually not allowed after 180 days prepayment at premium ranging from 110% to 135% of the loan note if prepaid within 60 days and after 120 days but before 180 days respectively. Prepayments are usually not allowed after 180 days

DERIVATIVE LIABILITIES DISCLO_2

DERIVATIVE LIABILITIES DISCLOSURE: Schedule of Derivative Liabilities (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Schedule of Derivative Liabilities	June 30, 2019 March 31, 2019 Balance, at beginning of period $ 2,110,425 $ 933,198 Derivative additions associated with convertible notes on issuance $ 928,859 2,040,191 Day one loss on derivatives 403,406 539,087 Change in fair value as at period end 942,558 169,818 Value transferred to paid in capital on conversion of convertible notes (522,815) (1,571,869) Balance, at end of period $ 3,862,433 $ 2,110,425

DERIVATIVE LIABILITIES DISCLO_3

DERIVATIVE LIABILITIES DISCLOSURE: Schedule of Fair Value Assumptions Used (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Schedule of Fair Value Assumptions Used	2019 2019 Issue date June 30, 2019 Issue date March 31, 2019 Expected dividend nil nil nil nil Risk free interest rate 2.96% 2.96% 2.96% 2.96% Expected volatility 102% -167% 139% 102% -167% 120% Expected term 219 days -365 days 15 days - 361 days 91 days -365 days 66 days - 361 days

WARRANTS DISCLOSURE_ Schedule o

WARRANTS DISCLOSURE: Schedule of Valuation Assumptions, Warrants (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Schedule of Valuation Assumptions, Warrants	Expected dividend nil Risk free interest rate 3% Expected volatility 105% Expected term 2 years

WARRANTS DISCLOSURE_ Schedule_2

WARRANTS DISCLOSURE: Schedule of Warrants Outstanding (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Schedule of Warrants Outstanding	June 30, 2019 March 31, 2019 No. of Warrants Weighted average exercise price No. of Warrants Weighted average exercise price Outstanding - beginning of year 6,800,000 $ 0.24 5,900,000 $ 0.20 Issued 1,550,000 $ 0.50 34,900,000 $ 0.02 Exercised - $ - (34,000,000) $ 0.0025 Outstanding - end of year 8,350,000 $0.29 6,800,000 $0.24

RELATED PARTY TRANSACTIONS DI_2

RELATED PARTY TRANSACTIONS DISCLOSURE: Schedule of Advances from Stockholder and Director (Tables)	3 Months Ended
	Jun. 30, 2019
Tables/Schedules
Schedule of Advances from Stockholder and Director	June 30, 2019 March 31, 2019 Balance, beginning of year $ 264,733 $ 195,009 funds received 293,730 136,213 funds paid ( 248,117 ) (66,489) Balance, end of year $ 310,346 $ 264,733

BUSINESS DESCRIPTION AND SUM_10

BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Earnings Per Share, Policy: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	26,324,037	19,762,867
Warrant
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	8,350,000	6,800,000
Convertible Debt Securities
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	17,974,037	12,962,867

OTHER RECEIVABLE AND PREPAID _3

OTHER RECEIVABLE AND PREPAID EXPENSES DISCLOSURE: Schedule of Other Receivables and Prepaid Expenses (Details) - USD ($)	Jun. 30, 2019	Mar. 31, 2019
Prepaid expenses and deposits	$ 145,710	$ 20,887
Rent Deposit
Prepaid expenses and deposits	3,006	2,960
Taxes Receivable
Prepaid expenses and deposits	66,704	7,903
Advances to Plyzer Spain
Prepaid expenses and deposits	0	3,421
Prepaid Costs Other
Prepaid expenses and deposits	$ 76,000	$ 6,603

INVESTMENT DISCLOSURE (Details)

INVESTMENT DISCLOSURE (Details) - USD ($)	Jun. 30, 2019	Mar. 31, 2019
Investments	$ 86,443	$ 0
Private company in Spain
Investments	$ 86,443

CONVERTIBLE DEBTS DISCLOSURE__3

CONVERTIBLE DEBTS DISCLOSURE: Schedule of Convertible Debt (Details) - USD ($)	Jun. 30, 2019	Mar. 31, 2019
Convertible debt, net	$ 421,984	$ 306,648
Principal balance
Convertible debts, gross	1,295,455	542,614
Accrued interest and fees
Convertible debts, gross	42,541	52,864
Converted to additional paid in capital
Convertible debts, gross	(94,333)	(834,293)
Converted debt to common stock
Convertible debts, gross	(1,096)	(4,404)
Convertible notes settled in cash
Convertible debts, gross	(392,500)	(519,436)
Convertible notes issued
Convertible debts, gross	995,450	2,040,600
Unamortized debt discount recorded
Convertible debts, gross	$ (1,423,533)	$ (971,297)

CONVERTIBLE DEBTS DISCLOSURE (D

CONVERTIBLE DEBTS DISCLOSURE (Details) - USD ($)	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Details
Payments on convertible loans	$ 392,500	$ 71,000

CONVERTIBLE DEBTS DISCLOSURE__4

CONVERTIBLE DEBTS DISCLOSURE: Schedule of Debt Conversions Terms (Details) - USD ($)	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Details
Proceeds from convertible loans	$ 925,450	$ 218,800

DERIVATIVE LIABILITIES DISCLO_4

DERIVATIVE LIABILITIES DISCLOSURE: Schedule of Derivative Liabilities (Details) - USD ($)	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Mar. 31, 2019
Details
Derivative additions associated with convertible notes	$ 928,859	$ 2,040,191
Gain (loss) on derivatives	403,406	539,087
Change in fair value as at period end	942,558	169,818
Value transferred to paid in capital on conversion of convertible notes	(522,815)	$ (1,571,869)
Derivative liabilities	$ 3,862,433		$ 2,110,425

COMMON STOCK DISCLOSURE (Detail

COMMON STOCK DISCLOSURE (Details) - USD ($)	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jul. 07, 2019	Mar. 31, 2019
Details
Common stock shares issued for converted notes	1,095,897
Value of stock issued for conversion of notes plus accrued interest	$ 95,429	$ (229,136)
Common stock issued for cash, value	$ 250,000
Common shares issued for cash, shares	1,550,000
Common stock issued for services, shares	1,240,000
Value of common stock issued for services	$ 259,800
Common Stock Authorized	300,000,000		300,000,000	300,000,000
Common stock par value	$ 0.001			$ 0.001

WARRANTS DISCLOSURE (Details)

WARRANTS DISCLOSURE (Details)	Jun. 30, 2019shares
Details
Warrants issued	1,550,000

WARRANTS DISCLOSURE_ Schedule_3

WARRANTS DISCLOSURE: Schedule of Warrants Outstanding (Details) - $ / shares	Jun. 30, 2019	Mar. 31, 2019
Details
Warrants outstanding	8,350,000	6,800,000
Weighted average exercise price of warrants outstanding	$ 0.29	$ 0.24

RELATED PARTY TRANSACTIONS DI_3

RELATED PARTY TRANSACTIONS DISCLOSURE: Schedule of Advances from Stockholder and Director (Details) - USD ($)	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Mar. 31, 2019
Details
Advances from related parties	$ 293,730	$ 0
Repayments of related party advances	248,117	$ 22,531
Advances from related parties, net	$ 310,346		$ 264,733

RELATED PARTY TRANSACTIONS DI_4

RELATED PARTY TRANSACTIONS DISCLOSURE (Details) - USD ($)	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Consulting fees charged by CEO
Fees from transactions with related parties	$ 9,000	$ 9,000
Development costs charged by a Subsidiary
Fees from transactions with related parties	123,308	$ 262,310
Selling and marketing costs charged by a Subsidiary
Fees from transactions with related parties	$ 160,181

SUBSEQUENT EVENTS DISCLOSURE (D

SUBSEQUENT EVENTS DISCLOSURE (Details) - shares	Jul. 07, 2019	Jun. 30, 2019	Mar. 31, 2019
Details
Common Stock Authorized	300,000,000	300,000,000	300,000,000