Mobetize (MPAY) 10-K 30 Jul 18 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2018	Jul. 27, 2018
Document and Entity Information:
Entity Registrant Name	MOBETIZE, CORP.
Document Type	10-K
Document Period End Date	Mar. 31, 2018
Trading Symbol	mpay
Amendment Flag	false
Entity Central Index Key	1,546,679
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding		234,541
Entity Public Float		$ 223,470
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Current Assets:
Cash	$ 11,542	$ 535,438
Accounts receivable	40,619	113,140
Prepaid expenses and deposits	22,070	44,783
Prepaid expenses and deposits - related party (Note 7)	0	15,639
Total Current Assets	74,231	709,000
Intangible asset (Note 3)	0	111,644
Equipment, net (Note 4)	4,655	7,629
Investment in joint venture (Note 3)	75,227	0
TOTAL ASSETS	154,113	828,273
Current Liabilities:
Accounts payable and accrued liabilities	316,593	108,381
Accounts payable and accrued liabilities - related party (Note 7)	547,509	320,391
Deposits due to customers	8,740	980
Promissory notes - related party (Note 7)	294,400	43,798
Convertible promissory notes (Note 6)	0	240,000
TOTAL LIABILITIES	1,167,242	713,550
STOCKHOLDERS' (DEFICIENCY) EQUITY
Common stock, $0.001 Par Value: 250,000,000 authorized and 234,541 common shares issued and outstanding (Note 8(a))	235	235
Warrants reserve	676,964	676,964
Options reserve	999,733	952,828
Additional paid-in capital	6,228,999	5,955,025
Accumulated other comprehensive loss	(15,007)	(10,267)
Accumulated deficit	(8,922,901)	(7,478,315)
Total Stockholders' (Deficiency) Equity	(1,013,129)	114,723
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIENCY) EQUITY	154,113	828,273
Series A Preferred Stock [Member]
STOCKHOLDERS' (DEFICIENCY) EQUITY
Preferred stock value	4,565	4,565
Series B Preferred Stock [Member]
STOCKHOLDERS' (DEFICIENCY) EQUITY
Preferred stock value	$ 14,283	$ 13,688

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2018	Mar. 31, 2017
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	234,541	234,541
Common stock, shares outstanding	234,541	234,541
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	75,000,000	75,000,000
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, issued	4,565,000	4,565,000
Preferred stock, outstanding	4,565,000	4,565,000
Series B Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, issued	14,282,976	13,688,408
Preferred stock, outstanding	14,282,976	13,688,408

Consolidated Statements of Loss

Consolidated Statements of Loss and Comprehensive Loss - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
OPERATING REVENUES
Revenues (Note 11)	$ 438,281	$ 467,417
OPERATING EXPENSES
Depreciation (Note 4)	3,236	3,958
General and administrative	403,441	286,013
General and administrative - related party (Note 7)	54,782	100,096
Investor relations and promotion	698	62,584
Investor relations and promotion - related party (Note 7 (e))	137,078	20,000
Consulting fees	18,703	66,192
Management fees - related party (Note 7)	160,653	287,073
Professional fees	482,100	151,831
Research and development	431,658	373,074
Research and development - related party (Note 7 (a))	149,528	112,470
Total Operating Expenses	1,841,877	1,463,291
LOSS BEFORE OTHER ITEMS	(1,403,596)	(995,874)
OTHER ITEMS
Loss on joint venture (Note 3)	(26,314)	0
Loss on settlement of accounts payable (Note 8(c))	(14,676)	(157,380)
NET LOSS	$ (1,444,586)	$ (1,153,254)
NET LOSS PER SHARE
Basic and diluted	$ (6.16)	$ (4.74)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
Basic and diluted	234,541	243,454
COMPREHENSIVE LOSS
Net loss	$ (1,444,586)	$ (1,153,254)
Other comprehensive loss:
Cumulative translation adjustment	(4,740)	(1,031)
Comprehensive loss	$ (1,449,326)	$ (1,154,285)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficiency) - USD ($)	Common Stock	Preferred Stock Class A	Preferred Stock Class B	Additional Paid-In Capital	Warrants and Options Reserves	Accumulated Deficit	Accumulated Other Comprehensive Loss	Total
Beginning balance, Value at Mar. 31, 2016	$ 288	$ 4,565	$ 0	$ 4,636,950	$ 1,434,488	$ (6,325,061)	$ (9,236)	$ (258,006)
Beginning balance, Shares at Mar. 31, 2016	287,548	4,565,000	0
Conversion of common to preferred shares, Value	$ (54)	$ 0	$ 5,421	(5,367)	0	0	0	0
Conversion of common to preferred shares, Shares	(54,207)	0	5,420,648
Shares issued for cash, Value	$ 0	$ 0	$ 500	499,500	0	0	0	500,000
Shares issued for cash, Shares	0	0	500,000
Shares issued for intangible asset, Value	$ 0	$ 0	$ 500	124,500	0	0	0	125,000
Shares issued for intangible asset, Shares	0	0	500,000
Shares issued for services, Value	$ 1	$ 0	$ 50	44,649	0	0	0	44,700
Shares issued for services, Shares	1,200	0	50,000
Shares issued to settle accounts payable, Value	$ 0	$ 0	$ 1,967	313,543	0	0	0	315,510
Shares issued to settle accounts payable, Shares	0	0	1,967,760
Shares issued to settle promissory note, Value	$ 0	$ 0	$ 4,650	41,850	0	0	0	46,500
Shares issued to settle promissory note, Shares	0	0	4,650,000
Shares issued upon conversion of convertible notes, Value	$ 0	$ 0	$ 600	299,400	0	0	0	300,000
Shares issued upon conversion of convertible notes, Shares	0	0	600,000
Stock-based compensation	$ 0	$ 0	$ 0	0	195,304	0	0	195,304
Net loss for the year	0	0	0	0	0	(1,153,254)	0	(1,153,254)
Comprehensive loss for the year	0	0	0	0	0	0	(1,031)	(1,031)
Ending balance, Value at Mar. 31, 2017	$ 235	$ 4,565	$ 13,688	5,955,025	1,629,792	(7,478,315)	(10,267)	114,723
Ending balance, Shares at Mar. 31, 2017	234,541	4,565,000	13,688,408
Shares issued for intangible asset, Value								0
Shares issued to settle accounts payable, Value	$ 0	$ 0	$ 35	34,534	0	0	0	34,569
Shares issued to settle accounts payable, Shares	0	0	34,568
Shares issued upon conversion of convertible notes, Value	$ 0	$ 0	$ 560	239,440	0	0	0	240,000
Shares issued upon conversion of convertible notes, Shares	0	0	560,000
Stock-based compensation	$ 0	$ 0	$ 0	0	46,905	0	0	46,905
Net loss for the year	0	0	0	0	0	(1,444,586)	0	(1,444,586)
Comprehensive loss for the year	0	0	0	0	0	0	(4,740)	(4,740)
Ending balance, Value at Mar. 31, 2018	$ 235	$ 4,565	$ 14,283	$ 6,228,999	$ 1,676,697	$ (8,922,901)	$ (15,007)	$ (1,013,129)
Ending balance, Shares at Mar. 31, 2018	234,541	4,565,000	14,282,976

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (1,444,586)	$ (1,153,254)
Items not affecting cash:
Amortization of intangible asset - research and development (Note 3)	10,103	13,356
Depreciation	3,236	3,958
Interest accrued on shareholder loans and promissory notes - related party	17,462	2,035
Loss on joint venture	26,314	0
Loss on settlement of accounts payable	14,676	157,380
Shares issued for services	0	44,700
Stock-based compensation (Note 10)	46,905	195,304
Changes in non-cash working capital:
Accounts receivable	72,521	(69,411)
Prepaid expenses and deposits	22,713	8,894
Prepaid expenses and deposits - related party	15,639	(8,059)
Accounts payables and accrued liabilities	228,105	103,555
Accounts payable and accrued liabilities - related party	209,656	219,131
Deposits due to customers	7,760	(500)
Net cash used in operating activities	(769,496)	(482,911)
CASH FLOWS FROM FINANCING ACTIVITES
Proceeds from sale of preferred stock	0	500,000
Proceeds from convertible promissory note, net of prepaid interest	0	265,000
Proceeds from promissory note (Note 5)	20,152	0
Proceeds from promissory note, net of prepaid interest-related party	250,000	44,188
Repayment of promissory note (Note 5)	(20,152)	0
Net cash provided by financing activities	250,000	809,188
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(4,400)	(1,180)
NET (DECREASE) INCREASE IN CASH	(523,896)	325,097
CASH - BEGINNING OF YEAR	535,438	210,341
CASH - END OF YEAR	11,542	535,438
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Shares issued upon conversion of convertible promissory note	240,000	300,000
Shares issued for intangible asset	0	125,000
Shares issued to settle accounts payable	34,569	351,510
Shares issued to settle promissory note - related party	0	46,500
Transfer from intangible asset to investment in joint venture	101,541	0
SUPPLEMENTAL DISCLOSURES:
Interest paid	0	37,703
Income taxes paid	$ 0	$ 0

1. Nature of Operations and Con

1. Nature of Operations and Continuance of Business	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
1. Nature of Operations and Continuance of Business	1. Nature of Operations and Continuance of Business Mobetize Corp. (“Company”) was incorporated in the state of Nevada on February 23, 2012, as Slavia, Corp. On August 13, 2013, its name changed to “Mobetize Corp.” The Company provides Fintech solutions and services to enable and support the convergence of global telecom and financial services providers (“Customers”) through its Global Mobile B2B Fintech and Financial Services Marketplace (“Hub”). The Company’s activities are subject to significant risks and uncertainties, including the need to secure additional funding to optimize the Company’s existing technology. On July 11, 2017, the Company completed a consolidation of the issued and outstanding common shares on a one for one hundred (1/100) basis and a decrease in the number of its authorized common and preferred shares. All share and per share amounts have been retroactively restated to reflect the share consolidation. Going Concern These consolidated financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize assets and discharge liabilities in the normal course of business. As of March 31, 2018, the Company has an accumulated deficit of $8,922,901, a history of net losses and a working capital deficiency of $1,093,011. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The continuation of the Company as a going concern is dependent upon continuing financial support from management, increasing sales, securing debt or equity financing, cutting operating costs, launching viable products, and realizing profitable operations. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

2. Summary of Significant Accou

2. Summary of Significant Accounting Policies	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
2. Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies a) Basis of Presentation These consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) which include the accounts of Mobetize Canada Inc., and Mobetize USA Inc., both of which are wholly-owned subsidiaries of the Company. The consolidated financial statements are expressed in U.S. dollars. All significant intercompany transactions and balances have been eliminated. b) Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the collectability of accounts receivable, revenue recognition, useful life of long-lived assets, fair value of stock-based compensation, embedded derivative liabilities and beneficial conversion features of convertible debentures, fair values of shares issued for non-cash consideration, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. c) Cash The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. As of March 31, 2018, and 2017, the Company had no cash equivalents. d) Accounts Receivable and Allowance for Doubtful Accounts Trade and other accounts receivable are reported at face value less any provisions for uncollectible accounts considered necessary. Accounts receivable primarily includes trade receivables from customers. The Company provides an allowance for its accounts receivable for estimated losses that may result from its customers’ inability to pay. At March 31, 2018, the Company had accounts receivable of $40,619 (2017 - $113,140) and has not recognized an allowance for doubtful accounts. e) Prepaid Expenses and Deposits The Company pays for some services in advance and recognizes these expenses as prepaid at the balance sheet date. If certain prepaid expenses extend beyond one-year, those are classified as non-current assets. f) Revenue Recognition The Company recognizes revenue from payment processing, licensing and the provision of professional services. Revenue will be recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service has been provided, and collectability is reasonably assured. g) Equipment Equipment is accounted for at cost less accumulated depreciation and includes computer equipment and office furniture. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which are five years. h) Intangible Asset Intangible asset consisted of a license with a definite life of two years and was stated at cost less amortization. The asset is reviewed for impairment or obsolescence when events or changes in circumstances indicate that the carrying amount may not be recoverable. If impaired, intangible assets are written down to fair value based on discounted cash flows or other valuation techniques. i) Joint Venture Investee companies that are not consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting. Whether or not the Company exercises significant influence with respect to an Investee depends on an evaluation of several factors including, among others, representation on the Investee company’s board of directors and ownership level, which is generally a 20% to 50% interest in the voting securities of the Investee company. Under the equity method of accounting, an Investee company’s accounts are not reflected within the Company’s Consolidated Balance Sheets and Statements of Loss and Comprehensive Loss; however, the Company’s share of the earnings or losses of the Investee company is reflected as a single line item in the Consolidated Statements of Loss and Comprehensive Loss. The Company’s carrying value in an equity method Investee company is also reflected as a single line item on the Company’s Consolidated Balance Sheets. When the Company’s carrying value in an equity method Investee company is reduced to zero, no further losses are recorded in the Company’s consolidated financial statements unless the Company guaranteed obligations of the Investee company or has committed additional funding. When the Investee company subsequently reports income, the Company will not record its share of such income until it equals the amount of its share of losses not previously recognized. j) Long-lived Assets In accordance with ASC 360, Property, Plant and Equipment k) Research and Development Costs The Company incurs research and development costs during the course of its operations and in the provision of revenue generating professional services. The costs are expensed except in cases where development costs meet certain identifiable criteria for capitalization. Capitalized development costs are amortized over the life of the related asset. Costs incurred after the launch of a product or service are expensed as incurred. l) Stock-Based Compensation The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation, ASC 718 requires companies to estimate the fair value of share-based awards on the date of grant using an option-pricing model. The Company uses the Black-Scholes option-pricing model as its method of determining fair value. This model is affected by the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to the Company’s expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in income (loss) over the requisite service period. Options granted to consultants are valued at the fair value of the equity instruments issued, or the fair value of the services received, whichever is more reliably measurable. m) Income Taxes Deferred income taxes are determined using the liability method for the temporary differences between the financial reporting basis and income tax basis of the Company’s assets and liabilities. Deferred income taxes are measured based on the tax rates expected to be in effect when the temporary differences are included in the Company’s tax return. Deferred tax assets and liabilities are recognized based on anticipated future tax consequences attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax bases. The Company’s policy is to recognize penalties and interest, if any, related to uncertain tax positions as general and administrative expenses. n) Basic and Diluted Net Loss per Share The Company computes net loss per share in accordance with ASC 260, Earnings per Share, o) Comprehensive Loss ASC 220, Comprehensive Income p) Advertising Costs Advertising costs are expensed as incurred and are included in general and administrative expense in the accompanying financial statements. The Company incurred $18,098 and $9,565 in advertising costs for the years ended March 31, 2018 and 2017, respectively. q) Financial Instruments/Fair Value Pursuant to ASC 820, Fair Value Measurements and Disclosures Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Financial instruments consist principally of cash, accounts receivable, accounts payable and accrued liabilities, accounts payable and accrued liabilities – related party, deposits due to customers, promissory note – related party, and convertible promissory notes. Pursuant to ASC 820, Fair Value Measurements and Disclosures, Financial Instruments, Financial assets and financial liabilities are recognized at fair value on their initial recognition, except for those arising from certain related party transactions which are accounted for at the transferor’s carrying amount or exchange amount. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective short-term maturity dates and current market rates for similar instruments. The Company is exposed to credit risk through its cash and accounts receivable, but mitigates this risk by keeping deposits at major financial institutions and advancing credit only to bona fide creditworthy entities. The maximum amount of credit risk is equal to the carrying amount of these instruments. r) Embedded Conversion Features The Company evaluates embedded conversion features within convertible promissory notes under ASC 815, Derivatives and Hedging, Debt with Conversion and Other Options, s) Derivative Financial Instruments The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including convertible debentures, stock purchase warrants and stock options, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income (loss). For option-based simple derivative financial instruments, the Company uses the Black-Scholes option-pricing model to value the derivative instruments at inception and subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period. t) Beneficial Conversion Feature For conventional convertible debt where the rate of conversion is below market value, the Company records a Beneficial Conversion Feature (the "BCF") and related debt discount. When the Company records a BCF, the intrinsic value of the BCF is recorded as a debt discount against the face amount of the respective debt instrument (offset to additional paid-in capital) and amortized to interest expense over the life of the debt. u) Debt Issue Costs and Debt Discount The Company may record debt issue costs and/or debt discounts in connection with raising funds through the issuance of debt. These costs may be paid in the form of cash, or equity (such as warrants). These costs are amortized to interest expense over the life of the debt. If a conversion of the underlying debt occurs, a proportionate share of the unamortized amounts is immediately expensed. v) Foreign Currency The functional and reporting currency of the Company and its subsidiary, Mobetize USA Inc., is the United States Dollar (“U.S. Dollars”). The functional currency of the Company’s international subsidiary, Mobetize Canada Inc., is the Canadian dollar. The Company translates the consolidated financial statements of this subsidiary to U.S. dollars in accordance with ASC 740, Foreign Currency Translation Matters, Translation gains and losses are recorded in accumulated other comprehensive loss as a component of stockholders’ equity (deficiency). The Company has not, to the date of these consolidated financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. w) Contingencies Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the nature of the guarantee would be disclosed. x) Recent Accounting Standards In June 2018, the FASB issued ASU 2018-07, which simplifies the accounting for nonemployee share-based payment transactions. The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The standard will be effective for us in the first quarter of our fiscal year 2020, although early adoption is permitted (but no sooner than the adoption of Topic 606). We do not expect that the adoption of this ASU will have a significant impact on our consolidated financial statements. On November 22, 2017, the FASB issued “ASU 2017-14 — Income Statement—Reporting Comprehensive Income Revenue Recognition Revenue from Contracts with Customers In August 2016, the FASB issued ASU No. 2016-15 related to the statement of cash flows. This new guidance addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update is effective in fiscal years, including interim periods, beginning after December 15, 2017, and early adoption is permitted. The Company has made a preliminary evaluation and expects no material impact to arise from the adoption of this standard on April 1, 2018. In February 2016, Topic 842, Leases Leases In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers

3. Joint Venture

3. Joint Venture	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
3. Joint Venture	3. Joint Venture On January 12, 2017, the Company entered into a Gateway License Agreement and Joint Venture Agreement (“Joint Venture”) with CPT Secure, Inc. (“CPT”), a company controlled by a shareholder of the Company (related party), to further develop certain payment processing technology (“CPT IP”) on a 50/50 basis. In connection with the Joint Venture, the Company issued 500,000 Series B Preferred Shares with a fair value of $125,000 on January 12, 2017, to CPT in consideration for the license to the CPT IP which was contributed to MPAY Gateway Services Inc. (“MPAY”) on May 29, 2017. The license to the CPT IP has a term to January 11, 2019, and can be automatically renewed for successive two-year periods unless either party elects not to renew 60 days prior to expiration. The license fee of $125,000 is being amortized over the initial term of the license. During the year ended March 31, 2018, the Company recognized amortization of $10,103 (2017 - $13,356) on the license prior to the transfer, which has been included in research and development expense. Effective May 29, 2017, the Company and CPT incorporated a joint venture company, MPAY. The Company accounts for its interest in MPAY using the equity method of accounting. Upon incorporation of MPAY, the Company transferred the remaining carrying value of the license to the CPT IP of $101,541 (after accumulated amortization of $23,459) to MPAY, which was recognized on the balance sheet as an investment in joint venture. MPAY is an inactive company. The results of operations and financial position of MPAY include sales of $nil, net loss of $52,628, current assets of $69, non-current assets of $49,144, current liabilities of $300, and equity of $48,913. During the year ended March 31, 2018, the Company recognized a loss on joint venture of $26,314 (2017 - $nil), representing the Company’s 50% interest in the loss (being the change in net assets) of MPAY. As at March 31, 2018, the remaining carrying value of the Company’s investment in joint venture was $75,227.

4. Equipment

4. Equipment	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
4. Equipment	4. Equipment Equipment, net consisted of the following: March 31, 2018 March 31, 2017 Computer equipment $ 14,884 $ 14,421 Furniture 1,211 1,174 Total 16,095 15,595 Less: accumulated amortization 11,440 7,966 Equipment, net $ 4,655 $ 7,629 During the year ended March 31, 2018, equipment cost increased by $500 (2017 – decreased by $241), and accumulated amortization was impacted by $238 (2017 - $155), as a result of foreign currency translation adjustments.

5. Promissory Note

5. Promissory Note	12 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
5. Promissory Note	5. Promissory Note On September 13, 2017, the Company entered into a Bridge Loan Promissory Note with a third party, whereby the Company received proceeds of $20,152 (CDN$25,000), which was non-interest bearing, unsecured, and matured on October 13, 2017. During the year ended March 31, 2018, the Company repaid the loan and paid a bridge loan fee of $1,942 (CDN$2,500) in consideration for the loan.

6. Convertible Promissory Notes

6. Convertible Promissory Notes	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
6. Convertible Promissory Notes	6. Convertible Promissory Notes Date of issuance Principal March 31, 2018 Principal March 31, 2017 Interest Maturity November 21, 2016 (1) $ — 40,000 6% per annum November 21, 2017 January 27, 2017 (2) $ — 125,000 12% per annum January 27, 2018 January 30, 2017 (3) $ — 75,000 12% per annum January 30, 2018 $ — $ 240,000 (1) November 21, 2016 Issuance - $40,000 (converted): • Issued net of $2,400 of prepaid interest, based on an interest rate of 6% per annum. • The conversion feature was exercisable at the option of the holder (the “Conversion Feature”). The Conversion Feature enabled the holder to convert any portion of their outstanding convertible promissory note principal balance into Series B Preferred Shares at $0.25 per share on or after May 20, 2017, but no later than the maturity date. • The Company evaluated whether separate financial instruments with the same terms as the conversion features above would meet the characteristics of a derivative instrument as described in paragraphs ASC 815-15-25. The terms of the contracts do not permit net settlement, as the shares delivered upon conversion are not readily convertible to cash. As the conversion features would not meet the characteristics of a derivative instrument as described in paragraphs ASC 815-15-25, the conversion features are not required to be separated from the host instrument and accounted for separately. As a result, it was determined that no beneficial conversion feature existed on the commitment date. • On April 21, 2017, the Company issued 160,000 Series B Preferred Shares pursuant to the conversion of $40,000 of the convertible promissory notes. $20,000 of this issuance was owed to a Director of the Company (Note 7(i)). (1) January 27, 2017 Issuance - $125,000 (converted): • Issued net of $15,000 of prepaid interest, based on an interest rate of 12% per annum. • Of the $125,000 Convertible Promissory Notes, $50,000 was owed to a Director of the Company (Note 7(i)). • The Conversion Feature enables the holder to convert any portion of their outstanding convertible promissory notes principal balance into Series B Preferred Shares at $0.50 per share on or after July 26, 2017, but no later than the maturity date. • The Company has evaluated whether separate financial instruments with the same terms as the conversion features above would meet the characteristics of a derivative instrument as described in paragraphs ASC 815-15-25. The terms of the contracts do not permit net settlement, as the shares delivered upon conversion are not readily convertible to cash. As the conversion features would not meet the characteristics of a derivative instrument as described in paragraphs ASC 815-15-25, the conversion features are not required to be separated from the host instrument and accounted for separately. As a result, it was determined that no beneficial conversion feature existed on the commitment date. • On August 3, 2017, the Company issued 250,000 Series B Preferred Shares pursuant to the conversion of $125,000 of the convertible promissory notes. (2) January 30, 2017 Issuance - $75,000 (converted): • Issued net of $9,000 of prepaid interest, based on an interest rate of 12% per annum. • The $75,000 Convertible Promissory Note is owed to a Director of the Company (Note 7(i)). • The Conversion Feature enables the holder to convert any portion of their outstanding convertible promissory notes principal balance into Series B Preferred Shares at $0.50 per share on or after July 29, 2017, but no later than the maturity date. • The Company has evaluated whether separate financial instruments with the same terms as the conversion features above would meet the characteristics of a derivative instrument as described in paragraphs ASC 815-15-25. The terms of the contracts do not permit net settlement, as the shares delivered upon conversion are not readily convertible to cash. As the conversion features would not meet the characteristics of a derivative instrument as described in paragraphs ASC 815-15-25, the conversion features are not required to be separated from the host instrument and accounted for separately. As a result, it was determined that no beneficial conversion feature existed on the commitment date. • On August 3, 2017, the Company issued 150,000 Series B Preferred Shares pursuant to the conversion of $75,000 of the convertible promissory notes. (3) Conversions – For the Year Ended March 31, 2017 • March, 2016 Issuance - $275,000: Issued net of $30,000 of prepaid interest, noting that $3,000 of prepaid interest was paid by the Company to one convertible debenture holder during the year ended March 31, 2017. On January 20, 2017, the Company issued 550,000 Series B Preferred Shares pursuant to the conversion of $275,000 of the convertible debenture in accordance with the modified conversion terms which were agreed to on that date. • July 25, 2016 Issuance - $25,000: Issued net of $3,000 of prepaid interest, based on an interest rate of 12% per annum. On January 20, 2017, the Company issued 50,000 Series B Preferred Shares pursuant to the conversion of $25,000 of the convertible debenture in accordance with the modified conversion terms which were agreed to on that date.

7. Related Party Transactions

7. Related Party Transactions	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
7. Related Party Transactions	7. Related Party Transactions Year ended March 31, Transactions with related parties 2018 2017 (a) Transactions incurred with the CEO or companies controlled by the CEO: Management fees $ 123,776 $ 121,370 Management fees – Stock-based compensation 613 27,971 Research and development 149,528 112,470 General and administrative 28,944 19,004 Conversion of promissory note (Note 8(c)) — 46,500 $ 302,861 $ 327,315 (b) Transactions incurred with the former CFO(s) or a company controlled by a former CFO: Management fees $ — $ 7,110 General and administrative — 69,231 $ — $ 76,341 (c) Transactions incurred with the Chairman of the Company Management fees (1) $ — $ 33,000 Management fees – Stock-based compensation 25,903 69,730 $ 25,903 $ 102,730 (d) Transactions incurred with a Director of the Company Management fees – Stock-based compensation $ 10,361 $ 27,892 General and administrative – Interest on promissory notes 12,660 — General and administrative – Interest on convertible promissory note 13,178 11,861 $ 36,199 $ 39,753 (e) Transactions incurred with a shareholder of the Company Investor relations and promotion $ 137,078 $ 20,000 Acquisition of intangible asset (Note 3) — 125,000 $ 137,078 $ 145,000 Related party balances, as at March 31, 2018 March 31, 2017 (f) Amounts owed to companies controlled by the CEO: Accounts payable and accrued liabilities $ 421,351 275,687 Promissory note – June 2, 2017 (2) 25,000 25,000 Promissory note – July 11, 2017 (3) 19,400 18,798 $ 465,751 $ 319,485 (g) Amounts owed to the Chairman of the Company $ 9,000 $ 9,000 (h) Amounts prepaid to a company controlled by the CEO Prepaid interest on promissory notes $ — $ 2,461 (i) Amounts owed to a Director of the Company Accounts payable and accrued liabilities $ 8,622 $ — Convertible promissory note – matures November 21, 2017 (Note 6 (1) — 20,000 Convertible promissory note – matures January 27, 2018 (Note 6 (2) — 50,000 Convertible promissory note – matures January 30, 2018 (Note 6 (3) — 75,000 Promissory note – September 17, 2017 (4) 100,000 — Promissory note – November 7, 2017 (5) 50,000 — Promissory note – December 5, 2017 (6) 100,000 — $ 258,622 $ 145,000 (j) Amounts prepaid to a Director of the Company Prepaid interest on convertible promissory notes $ — $ 13,178 (k) Amounts owed to a shareholder of the Company Accounts payable and accrued liabilities $ 88,001 $ 17,358 (1) On July 1, 2016, the Company entered into an agreement with the Company’s Chairman whereby he would provide services to the Company at a daily rate of $1,000 for a period of two years ending on June 30, 2018. Effective April 1, 2017, the Company’s Chairman agreed to waive the accrued fees. (2) The promissory note maturing on June 2, 2017, is unsecured and was issued with a twelve-month term, comprises $25,000 principal, and bears interest at 12% per annum. The principal balance included prepaid interest of $3,000. The promissory note is currently overdue, and the parties are renegotiated timing of repayment. (3) The promissory note maturing on July 11, 2017, is unsecured and was issued with a twelve-month term, comprises $19,400 (2017 - $18,798) (CAD $25,000) principal, and bears interest at 12% per annum. The principal balance included prepaid interest of $2,328 (2017 - $2,256) (CAD $3,000). The promissory note is currently overdue, and the parties are renegotiating timing of repayment. (4) The promissory note maturing on March 17, 2018, was issued with a 6-month term, comprises $100,000 principal, which is unsecured and bears interest at 12% per annum. (5) The promissory note maturing on November 7, 2018, was issued with a 12-month term, comprises $50,000 principal, which is unsecured and bears interest at 12% per annum. (6) The promissory note maturing on December 5, 2018, was issued with a 12-month term, comprises $100,000 principal, which is unsecured and bears interest at 12% per annum.

8. Common Stock and Preferred S

8. Common Stock and Preferred Stock	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
8. Common Stock and Preferred Stock	8. Common Stock and Preferred Stock a) Issuance of Common Stock: For the Year Ended March 31, 2017 • On August 1, 2016, the Company issued 120,000 shares of common stock at $0.06 per share totaling $7,200 as bonus shares to the former CFO of the Company, recorded with general and administrative – related party expenses. For the Year Ended March 31, 2018 • On July 11, 2017, the Company completed a consolidation of the issued and outstanding common shares on a one for one hundred (1/100) basis, and amended the Company’s Articles of Incorporation to decrease the number of authorized shares of common stock from 525,000,000 shares with a par value $0.001 per share to 250,000,000 shares with a par value of $0.001 per share. All share and per share amounts have been retroactively restated to reflect the share consolidation. b) Authorization and Issuance of Series A Preferred Shares • The Company is authorized to issue 250,000,000 shares of preferred stock with a par value of $0.001 per share and has designated 10,000,000 of the preferred stock as Series A Preferred Shares (“Series A Preferred Shares”). The Series A Preferred Shares have the same rights and privileges as the common stock, with the exception that the Series A Preferred Share holder has 10 votes per Series A Preferred Share versus one vote per share of common stock and does not have the right to sell the shares for a period of two years from the date of issue. • Effective April 7, 2017, the Company amended its Articles of Incorporation to decrease the number of authorized preferred shares from 250,000,000 shares with a par value $0.001 per share to 75,000,000 with a par value $0.001 per share. There were no changes in the number of designated or outstanding Series A Preferred Shares or Series B Preferred Shares. c) Authorization and Issuance of Series B Preferred Shares: • During the year ended March 31, 2017, the Company designated 25,000,000 shares of the authorized preferred stock as Series B Preferred Shares (“Series B Preferred Shares”). The Series B Preferred Shares have the same rights and privileges as the common stock, with the exception that the Series B Preferred Shares have an anti-dilution provision and the Series B Preferred Share holder does not have the right to convert Series B Preferred Shares into shares of common stock for a period of two years from the date of issue. For the Year Ended March 31, 2017 • On June 2, 2016, the Company converted 4,081,481 shares of common stock held by a company controlled by the CEO into 4,081,481 Series B Preferred Shares, 300,000 shares of common stock held by the Company’s Chairman and Director into 300,000 Series B Preferred Shares, and 1,039,167 shares of common stock held by the Company’s Director into 1,039,167 Series B Preferred Shares. • On July 15, 2016, the Company issued 200,000 Series B Preferred Shares with a fair value of $0.15 per share to settle $30,000 in services payable. • On July 15, 2016, the Company issued 1,300,000 Series B Preferred Shares with a fair value of $0.15 per share to a company controlled by a Chairman of the Company to settle $24,000 in services payable. The excess fair value of $171,000 is recorded within additional paid-in capital. • On July 15, 2016, the Company issued 4,650,000 Series B Preferred Shares with a fair value of $0.15 per share to a company controlled by the Company’s CEO to settle $46,500 in an outstanding promissory note, which included a principal of $50,000 less prepaid interest of $3,500. The excess fair value of $651,000 is recorded within additional paid-in capital. • On December 1, 2016, the Company issued 275,000 Series B Preferred Shares with a fair value of $0.25 per share to a consultant of the Company to settle $27,500 in amounts owing for services provided, resulting in a loss on settlement of debt of $141,250. • On January 12, 2017, the Company issued 500,000 Series B Preferred Shares with a fair value of $0.25 per share to acquire a license from CPT Secure, Inc. (Note 3). • On January 20, 2017, the Company issued 600,000 Series B Preferred Shares pursuant to the modification and immediate conversion of $300,000 of convertible debentures. • On February 23, 2017, the Company issued 25,000 Series B Preferred Shares with a fair value of $0.50 per share as incentive shares upon signing of an advisory services agreement, recorded within consulting fees. • On March 13, 2017, the Company issued 50,000 Series B Preferred Shares with a fair value of $1.00 per share to a vendor pursuant to the settlement of $12,500 in accounts payable, resulting in a loss on settlement of debt of $25,000. • On March 14, 2017, the Company issued 25,000 Series B Preferred Shares with a fair value of $1.00 per share as incentive shares upon signing of an advisory services agreement, recorded within consulting fees. • On March 16, 2017, pursuant to an agreement signed on March 9, 2017, the Company issued 500,000 Series B Preferred Shares at $1.00 for gross proceeds of $500,000. • On March 30, 2017, the Company issued 127,760 Series B Preferred Shares with a fair value of $1.00 per share to a vendor pursuant to the settlement of $31,940 in accounts payable, resulting in a loss on settlement of debt of $95,820. • On March 31, 2017, the Company issued 15,000 Series B Preferred Shares with a fair value of $1.00 per share to a vendor pursuant to the settlement of $32,190 in accounts payable, resulting in a gain on settlement of debt of $17,190. For the Year Ended March 31, 2018 • On April 21, 2017, the Company issued 160,000 Series B Preferred Shares pursuant to the conversion of $40,000 in convertible debentures at a conversion price of $0.25 per share (Note 6 (1) • On April 27, 2017, the Company issued 19,568 Series B Preferred Shares with a fair value of $1.00 per share to a consultant of the Company to settle $4,892 in amounts owing for services provided, resulting in a loss on settlement of debt of $14,676. • On May 29, 2017, the Company issued 15,000 Series B Preferred Shares with a fair value of $1.00 per share to a vendor pursuant to the settlement of $15,000 in accounts payable. • On August 3, 2017, the Company issued 400,000 Series B Preferred Shares pursuant to the conversion of $200,000 in convertible debentures at a conversion price of $0.50 per share (Note 6 (2) (3)

9. Share Purchase Warrants

9. Share Purchase Warrants	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
9. Share Purchase Warrants	9. Share Purchase Warrants The following table summarizes the continuity of share purchase warrants: Number of warrants Weighted average exercise price $ Balance, March 31, 2016, 2017 and 2018 26,364 104 As at March 31, 2018, the following share purchase warrants were outstanding: Number of warrants outstanding Exercise price $ Expiry date 6,944 100 June 24, 2018* 3,866 125 December 10, 2018 15,554 100 September 1, 2018 26,364 * Expired subsequently

10. Stock Options

10. Stock Options	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
10. Stock Options	10. Stock Options The Company has adopted a Stock Option Plan (“Stock Option Plan”) which permits the Company to issue stock options for up to 30,000 common shares (post consolidation on July 11, 2017) of the Company to directors, officers, employees and consultants of the Company with a maximum term of 5 years, exercise prices equal to the minimum fair market value per common share on the date of grant, and a vesting schedule determined by the Board of Directors at the time of granting the options. The following table summarizes the continuity of stock options: Number of stock options Weighted average exercise price $ Balance, March 31, 2016 23,812 60 Expired (2,885 ) 60 Cancelled (727 ) 60 Outstanding, March 31, 2017 and 2018 20,200 60 Exercisable, March 31, 2018 19,150 60 As at March 31, 2018, the following stock options were outstanding: Number of options outstanding Number of options vested Exercise $ Expiry date 20,200 19,150 60 September 30, 2020 During the year ended March 31, 2018, $46,905 (2017 - $195,304) in stock-based compensation expense was recorded and allocated amongst general and administrative, consulting fees, management fees, and research and development expenses. The intrinsic value of the options was $nil at March 31, 2018, and 2017.

11. Concentration of Risk

11. Concentration of Risk	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
11. Concentration of Risk	11. Concentration of Risk Revenues are currently generated through licensing, professional services, and payment processing services provided by Mobetize to our existing customers. During the year ended March 31, 2018, the Company had revenues from six customers (2017 –five customers) with 54% (2017 – 56%) of revenues generated from the Company’s largest customer. At March 31, 2018, the Company’s accounts receivable is concentrated and due from four customers (2017 – five customers) with 43% (2017 – 61%) of accounts receivable due from the Company’s largest customer.

12. Commitments and Contingenci

12. Commitments and Contingencies	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
12. Commitments and Contingencies	12. Commitments and Contingencies a) The Company has an obligation under a rental lease for its operating office. As of March 31, 2018, the remaining term of the lease is 9 months with monthly payments of $4,995. The Company’s lease includes a renewal option. b) The Company received a Citation and Notice of Assessment dated October 14, 2016 (Citation), that Stephen J. Fowler (Fowler), a former director and chief financial officer, had initiated a complaint with the State of Washington Department of Labor and Industries for amounts allegedly due to him for unpaid wages. The Citation declared that Fowler is owed $45,000 in wages in addition to an assessed interest of $3,368, and a penalty of $4,500 ($20,535 (2017 - $18,346)) accrued net of advances receivable due from Fowler)). On November 8, 2016, the Company entered an appeal alleging that the calculation of amounts due to Fowler) was incorrect and that Fowler had improperly obtained shares of its common stock which it intends to recover. The Company received a response from the Department of Labor and Industries dated November 18, 2016, in which it was advised that Fowler’s claim had been transferred to the Office of the Attorney General and that a hearing on the matter would be held by the Office of Administrative Hearings. A hearing has been scheduled on January 30, 2019. The Company believes that the claim is without merit and intends to vigorously defend its position. The ultimate outcome of this litigation cannot presently be determined. However, in management’s opinion, the likelihood of a material adverse outcome is remote. c) The Company received a Notice of Civil Claim dated April 26, 2017, filed in British Columbia Supreme Court by Fowler, naming the Company and its directors as defendants. Fowler asserts claims against the Company for unpaid expenses of approximately $6,000, and breach of contract for unspecified general and punitive damages and legal costs associated with this action. He also asserts that his shareholdings in the Company have been diluted due to certain actions of its current director, making claims including breach of contract, breach of fiduciary duty, misrepresentation and conspiracy. The Company and its directors believe that Fowler’s claims are without merit and are intent on vigorously defending against this action. Further, the Company has advanced counterclaims against Fowler, including a claim that that while Fowler was an officer and director of the Company, that he caused it to issue shares to himself to which he was not entitled. The Company’s counterclaims also assert claims against Fowler of fraudulent or negligent misrepresentation, breach of fiduciary duty, negligence and unjust enrichment. On June 23, 2017, the Company filed its response to Fowler’s claims and its own counterclaims against Fowler and exchanged document discovery in November 2017 and March 2018. No further steps in this action have been taken, and no trial date has been set. In management’s opinion, the likelihood of a material adverse outcome is remote. Accordingly, adjustments, if any, that might result from the resolution of this matter have not been reflected in the financial statements. d) The Company received a Complaint dated May 12, 2017, filed in the Second Judicial District Court of the State of Nevada (Washoe County) by Fowler naming the Company and its three present directors as defendants. The Washoe County action concerns substantially the same facts and seeks substantially the same relief as Fowler’s British Columbia action (Note 12(b)). On June 23, 2017, the Company filed a Motion to Dismiss, or in the alternative an Application for a Preliminary Injunction to either dismiss or enjoin the Complaint. On October 31, 2017, the court held a hearing on the Motion which was denied. The court did however stay the Washoe County action pending resolution of the British Columbia action. No trial date has been set. The Company’s exposure and assessment of the outcome of this claim are described in Note 12 (b) above. e) The Company received a Complaint dated May 3, 2017, filed in the Eighth Judicial District Court of the State of Nevada (Clark County) by Cary Fields (Fields) naming the Company and its three present directors as defendants, to obtain a preliminary injunction to enjoin a consolidation of the Company’s common stock, and seek damages for breach of fiduciary duty, conversion, and unjust enrichment. On May 18, 2017, after due consideration, the court denied Fields’ application for injunctive relief. The court did not rule on the question of Fields’ alleged damages. On August 4, 2017, the Company and its three directors received an Amended Complaint seeking damages for breach of fiduciary duty, conversion, and unjust enrichment. On November 17, 2017, the Company filed Defendants’ Motion for Judgment on the Pleadings. The court held hearings on the Motion on December 19, 2017 and January 9, 2018 and denied the Motion. A trial date has been set for January 2, 2019. The suit seeks damages totaling $3,660,242 plus legal expenses. The Company intends to vigorously defend its position. The ultimate outcome of this litigation cannot presently be determined and management feels that a reasonable estimate of loss cannot be made at this time, nor is it probable that a loss will occur. Accordingly, adjustments, if any, that might result from the resolution of this matter have not been reflected in the financial statements.

13. Segment Information

13. Segment Information	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
13. Segment Information	13. Segment Information The Company has a single operating segment being the provision of Fintech Solutions and Services to businesses located in Canada and the United States of America (“USA”). Revenues are generated in Canada and the USA while all assets are located in Canada. During the year ended March 31, 2018, the Company generated revenue of $249,100 (CDN$319,276) (2017 - $197,226 (CDN$258,862) in Canada and $189,181 (2017 - $270,191) in the USA. The costs incurred to generate this revenue are expensed as research and development. At March 31, 2018, and 2017, the Company’s long-lived assets are located in Canada.

14. Income Taxes

14. Income Taxes	12 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
14. Income Taxes	14. Income Taxes During the year ended March 31, 2018, the Company incurred federal operating non-capital losses (“non-capital loss”) of approximately $1,377,000 (2017 – $750,000). As at March 31, 2018, the Company’s cumulative losses totaled $6,118,000 (2017 - $4,708,000). A reconciliation of the Company’s effective tax rate as a percentage of income before taxes and federal statutory rate for the years ended March 31, 2018, and 2017, is summarized as follows: 2018 $ 2017$ Loss before income taxes (1,444,586 ) (1,153,254 ) Income tax recovery at statutory rates (390,000 ) (300,000 ) Permanent differences 14,000 137,000 Temporary differences 321,000 211,000 Change in statutory, foreign tax, foreign exchange rates and other 55,000 (48,000 ) Income tax expenses — — The valuation allowance for deferred tax assets as of March 31, 2018, and 2017, was $1,406,000 and $1,479,000, respectively, which will begin to expire in 2033. The decrease in the valuation allowance is attributable to a decrease in the federal corporate tax rate which impacted the non-capital loss carryforwards. In assessing the recovery of the deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in the periods in which those temporary differences become deductible. Management considers the scheduled reversals of future deferred tax assets, projected future taxable income, and tax planning strategies in making this assessment. As a result, management determined it was more likely than not the deferred tax assets would not be realized as of March 31, 2018, and 2017, and maintained a full valuation allowance. The unrecognized deferred tax assets include tax losses and difference between the carrying amount and tax basis of the following items: 2018 $ 2017$ Deferred tax assets: Non-capital losses available for future periods 1,404,000 1,478,000 Property and equipment 2,000 1,000 Valuation allowance (1,406,000 ) (1,479,000 ) Deferred income taxes recovered — — The Company has non-capital losses available to offset future taxable income as follows: Year of expiry Canada $ USA $ 2033 — 353,000 2034 — 554,000 2035 316,000 1,439,000 2036 689,000 639,000 2037 478,000 272,000 2038 639,000 739,000 2,122,000 3,996,000

15. Subsequent Events

15. Subsequent Events	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
15. Subsequent Events	15. Subsequent Events a) On April 10, 2018, the Company entered into a Loan Consolidation Agreement (the “Agreement”) with a Director of the Company, whereby $250,000 of previously issued promissory notes owing to the Director of the Company along with an additional $50,000 of funding was consolidated into a new $300,000 promissory note. The promissory note bears interest at 12% per annum and matures on April 10, 2019. b) On May 23, 2018, the Company terminated a Strategic Business Development Service Agreement, which had a fee of $15,000 per month and a term of December 1, 2017, to December 1, 2018. In connection with the termination, the Company is obligated to pay the consultant $105,000, which represents the monthly fees that would have been paid for the remaining term of the agreement. c) On June 1, 2018, the Board of Directors of the Company approved the Second Amended Certificate of Designation of Preferred Stock of the Company’s Series A Preferred Stock (the “Second Amended Certificate of Designation”) that amends and replaces in its entirety the Certificate of Amendment of Preferred Stock of the Company’s Series A Preferred Stock dated May 20, 2016. The Second Amended Certificate of Designation was filed with the Nevada Secretary of State on June 4, 2018.T The Second Amended Certificate of Designation designates 10,000,000 of the Company’s authorized preferred shares as Series A Preferred Stock. The Series A Preferred Stock can be converted into shares of common stock of the Company or shares of Series B Preferred Stock of the Company on a one-for-one basis on or after the 2 nd d) On June 4, 2018, the Company’s Chief Executive Officer and Chief Financial Officer, the sole holder of Series A Preferred Stock, elected to convert all 4,565,000 outstanding shares of Series A Preferred Stock to Series B Preferred Stock, in accordance with the terms and conditions of the Second Amended Certificate of Designation. e) Subsequent to the year ended March 31, 2018, the Company received a total of $165,000 pursuant to the issuance of promissory notes to companies controlled by the CEO of the Company, a Director of the Company and a third-party lender.

2. Summary of Significant Acc22

2. Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
Basis of Presentation	a) Basis of Presentation These consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) which include the accounts of Mobetize Canada Inc., and Mobetize USA Inc., both of which are wholly-owned subsidiaries of the Company. The consolidated financial statements are expressed in U.S. dollars. All significant intercompany transactions and balances have been eliminated.
Use of Estimates	b) Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the collectability of accounts receivable, revenue recognition, useful life of long-lived assets, fair value of stock-based compensation, embedded derivative liabilities and beneficial conversion features of convertible debentures, fair values of shares issued for non-cash consideration, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
Cash	c) Cash The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. As of March 31, 2018, and 2017, the Company had no cash equivalents.
Accounts Receivable and Allowance for Doubtful Accounts	d) Accounts Receivable and Allowance for Doubtful Accounts Trade and other accounts receivable are reported at face value less any provisions for uncollectible accounts considered necessary. Accounts receivable primarily includes trade receivables from customers. The Company provides an allowance for its accounts receivable for estimated losses that may result from its customers’ inability to pay. At March 31, 2018, the Company had accounts receivable of $40,619 (2017 - $113,140) and has not recognized an allowance for doubtful accounts.
Prepaid Expenses and Deposits	e) Prepaid Expenses and Deposits The Company pays for some services in advance and recognizes these expenses as prepaid at the balance sheet date. If certain prepaid expenses extend beyond one-year, those are classified as non-current assets.
Revenue Recognition	f) Revenue Recognition The Company recognizes revenue from payment processing, licensing and the provision of professional services. Revenue will be recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service has been provided, and collectability is reasonably assured.
Equipment	g) Equipment Equipment is accounted for at cost less accumulated depreciation and includes computer equipment and office furniture. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which are five years.
Intangible Asset	h) Intangible Asset Intangible asset consisted of a license with a definite life of two years and was stated at cost less amortization. The asset is reviewed for impairment or obsolescence when events or changes in circumstances indicate that the carrying amount may not be recoverable. If impaired, intangible assets are written down to fair value based on discounted cash flows or other valuation techniques.
Joint Venture	i) Joint Venture Investee companies that are not consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting. Whether or not the Company exercises significant influence with respect to an Investee depends on an evaluation of several factors including, among others, representation on the Investee company’s board of directors and ownership level, which is generally a 20% to 50% interest in the voting securities of the Investee company. Under the equity method of accounting, an Investee company’s accounts are not reflected within the Company’s Consolidated Balance Sheets and Statements of Loss and Comprehensive Loss; however, the Company’s share of the earnings or losses of the Investee company is reflected as a single line item in the Consolidated Statements of Loss and Comprehensive Loss. The Company’s carrying value in an equity method Investee company is also reflected as a single line item on the Company’s Consolidated Balance Sheets. When the Company’s carrying value in an equity method Investee company is reduced to zero, no further losses are recorded in the Company’s consolidated financial statements unless the Company guaranteed obligations of the Investee company or has committed additional funding. When the Investee company subsequently reports income, the Company will not record its share of such income until it equals the amount of its share of losses not previously recognized.
Long-lived Assets	j) Long-lived Assets In accordance with ASC 360, Property, Plant and Equipment
Research and Development Costs	k) Research and Development Costs The Company incurs research and development costs during the course of its operations and in the provision of revenue generating professional services. The costs are expensed except in cases where development costs meet certain identifiable criteria for capitalization. Capitalized development costs are amortized over the life of the related asset. Costs incurred after the launch of a product or service are expensed as incurred.
Stock-Based Compensation	l) Stock-Based Compensation The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation, ASC 718 requires companies to estimate the fair value of share-based awards on the date of grant using an option-pricing model. The Company uses the Black-Scholes option-pricing model as its method of determining fair value. This model is affected by the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to the Company’s expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in income (loss) over the requisite service period. Options granted to consultants are valued at the fair value of the equity instruments issued, or the fair value of the services received, whichever is more reliably measurable.
Income Taxes	m) Income Taxes Deferred income taxes are determined using the liability method for the temporary differences between the financial reporting basis and income tax basis of the Company’s assets and liabilities. Deferred income taxes are measured based on the tax rates expected to be in effect when the temporary differences are included in the Company’s tax return. Deferred tax assets and liabilities are recognized based on anticipated future tax consequences attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax bases. The Company’s policy is to recognize penalties and interest, if any, related to uncertain tax positions as general and administrative expenses.
Basic and Diluted Net Loss per Share	n) Basic and Diluted Net Loss per Share The Company computes net loss per share in accordance with ASC 260, Earnings per Share,
Comprehensive Loss	o) Comprehensive Loss ASC 220, Comprehensive Income
Advertising Costs	p) Advertising Costs Advertising costs are expensed as incurred and are included in general and administrative expense in the accompanying financial statements. The Company incurred $18,098 and $9,565 in advertising costs for the years ended March 31, 2018 and 2017, respectively.
Financial Instruments/Fair Value	q) Financial Instruments/Fair Value Pursuant to ASC 820, Fair Value Measurements and Disclosures Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Financial instruments consist principally of cash, accounts receivable, accounts payable and accrued liabilities, accounts payable and accrued liabilities – related party, deposits due to customers, promissory note – related party, and convertible promissory notes. Pursuant to ASC 820, Fair Value Measurements and Disclosures, Financial Instruments, Financial assets and financial liabilities are recognized at fair value on their initial recognition, except for those arising from certain related party transactions which are accounted for at the transferor’s carrying amount or exchange amount. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective short-term maturity dates and current market rates for similar instruments. The Company is exposed to credit risk through its cash and accounts receivable, but mitigates this risk by keeping deposits at major financial institutions and advancing credit only to bona fide creditworthy entities. The maximum amount of credit risk is equal to the carrying amount of these instruments.
Embedded Conversion Features	r) Embedded Conversion Features The Company evaluates embedded conversion features within convertible promissory notes under ASC 815, Derivatives and Hedging, Debt with Conversion and Other Options,
Derivative Financial Instruments	s) Derivative Financial Instruments The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including convertible debentures, stock purchase warrants and stock options, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income (loss). For option-based simple derivative financial instruments, the Company uses the Black-Scholes option-pricing model to value the derivative instruments at inception and subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period.
Beneficial Conversion Feature	t) Beneficial Conversion Feature For conventional convertible debt where the rate of conversion is below market value, the Company records a Beneficial Conversion Feature (the "BCF") and related debt discount. When the Company records a BCF, the intrinsic value of the BCF is recorded as a debt discount against the face amount of the respective debt instrument (offset to additional paid-in capital) and amortized to interest expense over the life of the debt.
Debt Issue Costs and Debt Discount	u) Debt Issue Costs and Debt Discount The Company may record debt issue costs and/or debt discounts in connection with raising funds through the issuance of debt. These costs may be paid in the form of cash, or equity (such as warrants). These costs are amortized to interest expense over the life of the debt. If a conversion of the underlying debt occurs, a proportionate share of the unamortized amounts is immediately expensed.
Foreign Currency	v) Foreign Currency The functional and reporting currency of the Company and its subsidiary, Mobetize USA Inc., is the United States Dollar (“U.S. Dollars”). The functional currency of the Company’s international subsidiary, Mobetize Canada Inc., is the Canadian dollar. The Company translates the consolidated financial statements of this subsidiary to U.S. dollars in accordance with ASC 740, Foreign Currency Translation Matters, Translation gains and losses are recorded in accumulated other comprehensive loss as a component of stockholders’ equity (deficiency). The Company has not, to the date of these consolidated financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.
Contingencies	w) Contingencies Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the nature of the guarantee would be disclosed.
Recent Accounting Standards	x) Recent Accounting Standards In June 2018, the FASB issued ASU 2018-07, which simplifies the accounting for nonemployee share-based payment transactions. The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The standard will be effective for us in the first quarter of our fiscal year 2020, although early adoption is permitted (but no sooner than the adoption of Topic 606). We do not expect that the adoption of this ASU will have a significant impact on our consolidated financial statements. On November 22, 2017, the FASB issued “ASU 2017-14 — Income Statement—Reporting Comprehensive Income Revenue Recognition Revenue from Contracts with Customers In August 2016, the FASB issued ASU No. 2016-15 related to the statement of cash flows. This new guidance addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update is effective in fiscal years, including interim periods, beginning after December 15, 2017, and early adoption is permitted. The Company has made a preliminary evaluation and expects no material impact to arise from the adoption of this standard on April 1, 2018. In February 2016, Topic 842, Leases Leases In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers

4. Equipment (Tables)

4. Equipment (Tables)	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
Schedule of equipment	Equipment, net consisted of the following: March 31, 2018 March 31, 2017 Computer equipment $ 14,884 $ 14,421 Furniture 1,211 1,174 Total 16,095 15,595 Less: accumulated amortization 11,440 7,966 Equipment, net $ 4,655 $ 7,629

6. Convertible Promissory Not24

6. Convertible Promissory Notes (Tables)	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
Convertible Promissory Notes	Date of issuance Principal March 31, 2018 Principal March 31, 2017 Interest Maturity November 21, 2016 (1) $ — 40,000 6% per annum November 21, 2017 January 27, 2017 (2) $ — 125,000 12% per annum January 27, 2018 January 30, 2017 (3) $ — 75,000 12% per annum January 30, 2018 $ — $ 240,000

7. Related Party Transactions (

7. Related Party Transactions (Tables)	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
Schedule of Related Party Transactions	Year ended March 31, Transactions with related parties 2018 2017 (a) Transactions incurred with the CEO or companies controlled by the CEO: Management fees $ 123,776 $ 121,370 Management fees – Stock-based compensation 613 27,971 Research and development 149,528 112,470 General and administrative 28,944 19,004 Conversion of promissory note (Note 8(c)) — 46,500 $ 302,861 $ 327,315 (b) Transactions incurred with the former CFO(s) or a company controlled by a former CFO: Management fees $ — $ 7,110 General and administrative — 69,231 $ — $ 76,341 (c) Transactions incurred with the Chairman of the Company Management fees (1) $ — $ 33,000 Management fees – Stock-based compensation 25,903 69,730 $ 25,903 $ 102,730 (d) Transactions incurred with a Director of the Company Management fees – Stock-based compensation $ 10,361 $ 27,892 General and administrative – Interest on promissory notes 12,660 — General and administrative – Interest on convertible promissory note 13,178 11,861 $ 36,199 $ 39,753 (e) Transactions incurred with a shareholder of the Company Investor relations and promotion $ 137,078 $ 20,000 Acquisition of intangible asset (Note 3) — 125,000 $ 137,078 $ 145,000 Related party balances, as at March 31, 2018 March 31, 2017 (f) Amounts owed to companies controlled by the CEO: Accounts payable and accrued liabilities $ 421,351 275,687 Promissory note – June 2, 2017 (2) 25,000 25,000 Promissory note – July 11, 2017 (3) 19,400 18,798 $ 465,751 $ 319,485 (g) Amounts owed to the Chairman of the Company $ 9,000 $ 9,000 (h) Amounts prepaid to a company controlled by the CEO Prepaid interest on promissory notes $ — $ 2,461 (i) Amounts owed to a Director of the Company Accounts payable and accrued liabilities $ 8,622 $ — Convertible promissory note – matures November 21, 2017 (Note 6 (1) — 20,000 Convertible promissory note – matures January 27, 2018 (Note 6 (2) — 50,000 Convertible promissory note – matures January 30, 2018 (Note 6 (3) — 75,000 Promissory note – September 17, 2017 (4) 100,000 — Promissory note – November 7, 2017 (5) 50,000 — Promissory note – December 5, 2017 (6) 100,000 — $ 258,622 $ 145,000 (j) Amounts prepaid to a Director of the Company Prepaid interest on convertible promissory notes $ — $ 13,178 (k) Amounts owed to a shareholder of the Company Accounts payable and accrued liabilities $ 88,001 $ 17,358

9. Share Purchase Warrants (Tab

9. Share Purchase Warrants (Tables)	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
Schedule of Warrants, Activity	The following table summarizes the continuity of share purchase warrants: Number of warrants Weighted average exercise price $ Balance, March 31, 2016, 2017 and 2018 26,364 104
Schedule of Outstanding Warrants	As at March 31, 2018, the following share purchase warrants were outstanding: Number of warrants outstanding Exercise price $ Expiry date 6,944 100 June 24, 2018* 3,866 125 December 10, 2018 15,554 100 September 1, 2018 26,364 * Expired subsequently

10. Stock Options (Tables)

10. Stock Options (Tables)	12 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
Schedule of stock option activities	The following table summarizes the continuity of stock options: Number of stock options Weighted average exercise price $ Balance, March 31, 2016 23,812 60 Expired (2,885 ) 60 Cancelled (727 ) 60 Outstanding, March 31, 2017 and 2018 20,200 60 Exercisable, March 31, 2018 19,150 60
Schedule of stock options outstanding	As at March 31, 2018, the following stock options were outstanding: Number of options outstanding Number of options vested Exercise $ Expiry date 20,200 19,150 60 September 30, 2020

14. Income Taxes (Tables)

14. Income Taxes (Tables)	12 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Reconciliation of income before taxes and federal statutory rate	A reconciliation of the Company’s effective tax rate as a percentage of income before taxes and federal statutory rate for the years ended March 31, 2018, and 2017, is summarized as follows: 2018 $ 2017$ Loss before income taxes (1,444,586 ) (1,153,254 ) Income tax recovery at statutory rates (390,000 ) (300,000 ) Permanent differences 14,000 137,000 Temporary differences 321,000 211,000 Change in statutory, foreign tax, foreign exchange rates and other 55,000 (48,000 ) Income tax expenses — —
Unrecognized deferred tax assets	The unrecognized deferred tax assets include tax losses and difference between the carrying amount and tax basis of the following items: 2018 $ 2017$ Deferred tax assets: Non-capital losses available for future periods 1,404,000 1,478,000 Property and equipment 2,000 1,000 Valuation allowance (1,406,000 ) (1,479,000 ) Deferred income taxes recovered — —
Non-capital losses available to offset future taxable income	The Company has non-capital losses available to offset future taxable income as follows: Year of expiry Canada $ USA $ 2033 — 353,000 2034 — 554,000 2035 316,000 1,439,000 2036 689,000 639,000 2037 478,000 272,000 2038 639,000 739,000 2,122,000 3,996,000

1. Nature of Operations and C29

1. Nature of Operations and Continuance of Business (Details Narrative) - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Disclosure Text Block [Abstract]
Accumulated deficit	$ (8,922,901)	$ (7,478,315)
Working capital deficiency	$ (1,093,011)

2. Summary of Significant Acc30

2. Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disclosure Text Block [Abstract]
Cash equivalents	$ 0	$ 0
Accounts receivable	$ 40,619	$ 113,140
Estimated useful lives of equipment	P5Y
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0
Advertising costs	$ 18,098	$ 9,565

3. Joint Venture (Details Narra

3. Joint Venture (Details Narrative) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disclosure Text Block [Abstract]
Amortization of license	$ 10,103	$ 13,356
Loss on joint venture	(26,314)	$ 0
Investment in joint venture	$ 75,227

4. Equipment (Details)

4. Equipment (Details) - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Equipment, Gross	$ 16,095	$ 15,595
Less: accumulated amortization	11,440	7,966
Equipment, net	4,655	7,629
Computer Equipment [Member]
Equipment, Gross	14,884	14,421
Furniture [Member]
Equipment, Gross	$ 1,211	$ 1,174

4. Equipment (Details Narrative

4. Equipment (Details Narrative) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disclosure Text Block [Abstract]
Increase decrease in equipment cost	$ 500	$ (241)
Foreign currency translation adjustments	$ 238	$ 155

5. Promissory Note (Details Nar

5. Promissory Note (Details Narrative) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Notes to Financial Statements
Proceeds from promissory note	$ 20,152	$ 0
Maturity date	Oct. 13, 2017
Repayment of loan	$ 1,942

6. Convertible Debentures (Deta

6. Convertible Debentures (Details) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Convertible Debentures	$ 0	$ 240,000	[1]
Maturity	Oct. 13, 2017
Convertible Debentures [Member]
Date of issuance	Nov. 21, 2016
Convertible Debentures	$ 0	40,000	[2]
Interest	6.00%
Maturity	Nov. 21, 2017
Convertible Debentures one [Member]
Date of issuance	Jan. 27, 2017
Convertible Debentures	$ 0	125,000	[3]
Interest	12.00%
Maturity	Jan. 27, 2018
Convertible Debentures Two[Member]
Date of issuance	Jan. 30, 2017
Convertible Debentures	$ 0	$ 75,000	[4]
Interest	12.00%
Maturity	Jan. 30, 2018
[1]	Conversions - For the Year Ended March 31, 2017: March, 2016 Issuance - $275,000: Issued net of $30,000 of prepaid interest, noting that $3,000 of prepaid interest was paid by the Company to one convertible debenture holder during the year ended March 31, 2017. On January 20, 2017, the Company issued 550,000 Series B Preferred Shares pursuant to the conversion of $275,000 of the convertible debenture in accordance with the modified conversion terms which were agreed to on that date. July 25, 2016 Issuance - $25,000: Issued net of $3,000 of prepaid interest, based on an interest rate of 12% per annum. On January 20, 2017, the Company issued 50,000 Series B Preferred Shares pursuant to the conversion of $25,000 of the convertible debenture in accordance with the modified conversion terms which were agreed to on that date.
[2]	November 21, 2016 Issuance - $40,000 (converted):Issued net of $2,400 of prepaid interest, based on an interest rate of 6% per annum. The conversion feature was exercisable at the option of the holder (the Conversion Feature). The Conversion Feature enabled the holder to convert any portion of their outstanding convertible promissory note principal balance into Series B Preferred Shares at $0.25 per share on or after May 20, 2017, but no later than the maturity date.The Company evaluated whether separate financial instruments with the same terms as the conversion features above would meet the characteristics of a derivative instrument as described in paragraphs ASC 815-15-25. The terms of the contracts do not permit net settlement, as the shares delivered upon conversion are not readily convertible to cash. As the conversion features would not meet the characteristics of a derivative instrument as described in paragraphs ASC 815-15-25, the conversion features are not required to be separated from the host instrument and accounted for separately. As a result, it was determined that no beneficial conversion feature existed on the commitment date.On April 21, 2017, the Company issued 160,000 Series B Preferred Shares pursuant to the conversion of $40,000 of the convertible promissory notes. $20,000 of this issuance was owed to a Director of the Company (Note 7(i)).
[3]	January 27, 2017 Issuance - $125,000 (converted): Issued net of $15,000 of prepaid interest, based on an interest rate of 12% per annum. Of the $125,000 Convertible Promissory Notes, $50,000 was owed to a Director of the Company (Note 7(i)). The Conversion Feature enables the holder to convert any portion of their outstanding convertible promissory notes principal balance into Series B Preferred Shares at $0.50 per share on or after July 26, 2017, but no later than the maturity date. The Company has evaluated whether separate financial instruments with the same terms as the conversion features above would meet the characteristics of a derivative instrument as described in paragraphs ASC 815-15-25. The terms of the contracts do not permit net settlement, as the shares delivered upon conversion are not readily convertible to cash. As the conversion features would not meet the characteristics of a derivative instrument as described in paragraphs ASC 815-15-25, the conversion features are not required to be separated from the host instrument and accounted for separately. As a result, it was determined that no beneficial conversion feature existed on the commitment date. On August 3, 2017, the Company issued 250,000 Series B Preferred Shares pursuant to the conversion of $125,000 of the convertible promissory notes.
[4]	January 30, 2017 Issuance - $75,000 (converted): Issued net of $9,000 of prepaid interest, based on an interest rate of 12% per annum. The $75,000 Convertible Promissory Note is owed to a Director of the Company (Note 7(i)). The Conversion Feature enables the holder to convert any portion of their outstanding convertible promissory notes principal balance into Series B Preferred Shares at $0.50 per share on or after July 29, 2017, but no later than the maturity date. The Company has evaluated whether separate financial instruments with the same terms as the conversion features above would meet the characteristics of a derivative instrument as described in paragraphs ASC 815-15-25. The terms of the contracts do not permit net settlement, as the shares delivered upon conversion are not readily convertible to cash. As the conversion features would not meet the characteristics of a derivative instrument as described in paragraphs ASC 815-15-25, the conversion features are not required to be separated from the host instrument and accounted for separately. As a result, it was determined that no beneficial conversion feature existed on the commitment date. On August 3, 2017, the Company issued 150,000 Series B Preferred Shares pursuant to the conversion of $75,000 of the convertible promissory notes.

7. Related Party Transactions36

7. Related Party Transactions (Details) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Research and development	$ 431,658	$ 373,074
General and administrative	403,441	286,013
Investor relations and promotion	698	62,584
Accounts payable and accrued liabilities	316,593	108,381
Chief Executive Officer [Member]
Management fees	123,776	121,370
Management fees - Stock-based compensation	613	27,971
Research and development	149,528	112,470
General and administrative	28,944	19,004
Conversion of promissory note	0	46,500
Due to related party	302,861	327,315
Accounts payable and accrued liabilities	421,351	275,687
Promissory note	25,000	25,000
Promissory note	19,400	18,798
Prepaid interest on promissory notes	0	2,461
Due to related party	465,751	319,485
Chief Financial Officer [Member]
Management fees	0	7,110
General and administrative	0	69,231
Due to related party	0	76,341
Board of Directors Chairman [Member]
Management fees	0	33,000
Management fees - Stock-based compensation	25,903	69,730
Due to related party	25,903	102,730
Due to related party	9,000	9,000
Director [Member]
Management fees - Stock-based compensation	10,361	27,892
General and administrative – Interest on promissory notes	12,660	0
General and administrative - Interest on convertible debenture	13,178	11,861
Due to related party	36,199	39,753
Accounts payable and accrued liabilities	8,622	0
Convertible promissory note	0	20,000
Convertible promissory note	0	50,000
Convertible promissory note	0	75,000
Promissory note	100,000	0
Promissory note	50,000	0
Promissory note	100,000	0
Prepaid interest on convertible debentures	0	13,178
Due to related party	258,622	145,000
Shareholder [Member]
Investor relations and promotion	137,078	20,000
Acquisition of intangible asset	0	125,000
Due to related party	137,078	145,000
Accounts payable and accrued liabilities	$ 88,001	$ 17,358

8. Common Stock and Preferred37

8. Common Stock and Preferred Stock (Details Narrative) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	234,541	234,541
Common stock, shares outstanding	234,541	234,541
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	75,000,000	75,000,000
Loss on settlement of debt	$ (14,676)	$ (157,380)
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, issued	4,565,000	4,565,000
Preferred stock, outstanding	4,565,000	4,565,000
Series B Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, issued	14,282,976	13,688,408
Preferred stock, outstanding	14,282,976	13,688,408

9. Share Purchase Warrants (Det

9. Share Purchase Warrants (Details) - $ / shares	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Disclosure Text Block [Abstract]
Number of warrants	26,364	26,364	26,364
Weighted average exercise price per warrants	$ 104	$ 104	$ 104

9. Share Purchase Warrants (D39

9. Share Purchase Warrants (Details 1) - $ / shares	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Number of warrants outstanding	26,364	26,364	26,364
Exercise Price	$ 104	$ 104	$ 104
Warrant [Member]
Number of warrants outstanding	26,364
Warrant [Member] | $100 [Member]
Number of warrants outstanding	6,944
Exercise Price	$ 100
Expiry date	Jun. 24, 2018
Warrant [Member] | $125 [Member]
Number of warrants outstanding	3,866
Exercise Price	$ 125
Expiry date	Dec. 10, 2018
Warrant [Member] | $100 [Member]
Number of warrants outstanding	15,554
Exercise Price	$ 100
Expiry date	Sep. 1, 2018

10. Stock Options (Details)

10. Stock Options (Details) - $ / shares	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2018
Disclosure Text Block [Abstract]
Options, Outstanding, Beginning Balance	23,812
Options, Expired	(2,885)
Options, Canceled	(727)
Options, Outstanding, Ending Balance	20,200
Options , Exercisable at the end		19,150
Weighted Average Exercise Price, Options, Outstanding, Beginning Balance	$ 60
Weighted Average Exercise Price, Options, Expired	60
Weighted Average Exercise Price, Options Canceled,	60
Weighted Average Exercise Price ,Options Outstanding, Ending Balance	$ 60
Weighted Average Price Per Share exercisable at the end		$ 60

10. Stock Options (Details 1)

10. Stock Options (Details 1)	12 Months Ended
	Mar. 31, 2018$ / sharesshares
Disclosure Text Block [Abstract]
Number of options outstanding	20,200
Number of options vested	19,150
Exercise Price | $ / shares	$ 60
Expiry date	Sep. 30, 2020

10. Stock Options (Details Narr

10. Stock Options (Details Narrative) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disclosure Text Block [Abstract]
Stock-based compensation expense	$ 46,905	$ 195,304
Intrinsic value of options	$ 0	$ 0

11. Concentration of Risk (Deta

11. Concentration of Risk (Details Narrative)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Sales Revenue, Net [Member] | Six customers [Member]
Concentration percentage	54.00%
Sales Revenue, Net [Member] | Five customers [Member]
Concentration percentage		56.00%
Accounts Receivable [Member] | Five customers [Member]
Concentration percentage		61.00%
Accounts Receivable [Member] | Four customers [Member]
Concentration percentage	43.00%

12. Commitments and Contingen44

12. Commitments and Contingencies (Details Narratives)	12 Months Ended
	Mar. 31, 2018USD ($)
Disclosure Text Block [Abstract]
Monthly rental payments	$ 4,995
Lease term	9 months
Commitments Description	The Company received a Citation and Notice of Assessment dated October 14, 2016 (Citation), that Stephen J. Fowler (Fowler), a former director and chief financial officer, had initiated a complaint with the State of Washington Department of Labor and Industries for amounts allegedly due to him for unpaid wages. The Citation declared that Fowler is owed $45,000 in wages in addition to an assessed interest of $3,368, and a penalty of $4,500 ($20,535 (2017 - $18,346)) accrued net of advances receivable due from Fowler)). On November 8, 2016, the Company entered an appeal alleging that the calculation of amounts due to Fowler) was incorrect and that Fowler had improperly obtained shares of its common stock which it intends to recover. The Company received a response from the Department of Labor and Industries dated November 18, 2016, in which it was advised that Fowler’s claim had been transferred to the Office of the Attorney General and that a hearing on the matter would be held by the Office of Administrative Hearings. A hearing has been scheduled on January 30, 2019. The Company believes that the claim is without merit and intends to vigorously defend its position. The ultimate outcome of this litigation cannot presently be determined. However, in management’s opinion, the likelihood of a material adverse outcome is remote.

13. Segment Information (Detail

13. Segment Information (Details Narrtaive) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues	$ 438,281	$ 467,417
CANADA
Revenues	249,100	197,226
USA
Revenues	$ 189,181	$ 270,191

14. Income Taxes (Details)

14. Income Taxes (Details) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Loss before income taxes	$ (1,444,586)	$ (1,153,254)
Income tax recovery at statutory rates	(390,000)	(300,000)
Permanent differences	14,000	137,000
Temporary differences	321,000	211,000
Change in statutory, foreign tax, foreign exchange rates and other	55,000	(48,000)
Income tax expenses	$ 0	$ 0

14. Income Taxes (Details 1)

14. Income Taxes (Details 1) - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Deferred tax assets:
Non-capital losses available for future periods	$ 1,404,000	$ 1,478,000
Property and equipment	2,000	1,000
Valuation allowance	(1,406,000)	(1,479,000)
Deferred income taxes recovered	$ 0	$ 0

14. Income Taxes (Details 2)

14. Income Taxes (Details 2)	12 Months Ended
	Mar. 31, 2018USD ($)
CANADA
2,033	$ 0
2,034	0
2,035	316,000
2,036	689,000
2,037	478,000
2,038	639,000
Total	2,122,000
USA
2,033	353,000
2,034	554,000
2,035	1,439,000
2,036	639,000
2,037	272,000
2,038	739,000
Total	$ 3,996,000

14. Income Taxes (Details Narra

14. Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Federal operating non-capital losses	$ 1,377,000	$ 750,000
Cumulative losses	6,118,000	4,708,000
Valuation allowance	$ 1,406,000	$ 1,479,000
Operating Loss Carryforwards, Expiration Date	Dec. 31, 2033

15. Subsequent Events (Details

15. Subsequent Events (Details Narrative) - USD ($)	Jun. 04, 2018	Mar. 31, 2018
Chief Executive Officer [Member]
Issuance of promissory notes		$ 165,000
Subsequent Event [Member] | Chief Executive Officer [Member]
Conversion of shares	4,565,000
Subsequent Event [Member] | Chief Financial Officer [Member]
Conversion of shares	4,565,000