Biotricity (BTCY) 10-Q 19 Aug 24 2025 Q1 Quarterly report Financial data

Cover

Cover - $ / shares	3 Months Ended
	Jun. 30, 2024	Aug. 19, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2025
Current Fiscal Year End Date	--03-31
Entity File Number	001-40761
Entity Registrant Name	BIOTRICITY INC.
Entity Central Index Key	0001630113
Entity Tax Identification Number	30-0983531
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	203 Redwood Shores Parkway
Entity Address, Address Line Two	Suite 600
Entity Address, City or Town	Redwood City
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94065
City Area Code	(800)
Local Phone Number	590-4155
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	BTCY
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		22,454,644
Entity Listing, Par Value Per Share	$ 0.001

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Mar. 31, 2024
CURRENT ASSETS
Cash	$ 100,731	$ 786,060
Accounts receivable, net	1,517,887	1,468,655
Inventory [Note 3]	1,913,290	1,879,402
Deposits and other receivables	562,245	336,456
Total current assets	4,094,153	4,470,573
Deposits and other receivables [Note 10]	85,000	85,000
Long-term accounts receivable	103,494	149,907
Property and equipment [Note 12]	14,064	15,552
Operating right of use assets [Note 10]	1,124,016	1,221,593
TOTAL ASSETS	5,420,727	5,942,625
CURRENT LIABILITIES
Accounts payable and accrued liabilities [Note 4]	8,089,505	9,473,118
Convertible promissory notes and short term loans [Note 5]	8,499,158	9,376,471
Term loan, current	3,000,000	2,400,000
Derivative liabilities [Note 8]	516,107	991,866
Operating lease obligations, current [Note 10]	475,026	457,371
Total current liabilities	20,579,796	22,698,826
Federally guaranteed loans [Note 7]	870,800	870,800
Term loan [Note 6]	9,436,864	9,985,033
Derivative liabilities [Note 8]	1,323,374	1,435,668
Operating lease obligations	803,380	929,115
TOTAL LIABILITIES	33,014,214	35,919,442
STOCKHOLDERS’ DEFICIENCY
Common stock, $0.001 par value, 125,000,000 shares authorized as at June 30, 2024 and March 31, 2024, respectively. Issued and outstanding common shares: 21,484,396 and 9,353,768 as at June 30, 2024 and March 31, 2024, respectively, and exchangeable shares of 160,672 outstanding as at June 30, 2024 and March 31, 2024, respectively [Note 9]	21,645	9,515
Shares to be issued 321,757 and 324,276 shares of common stock as at June 30, 2024 and March 31, 2024, respectively) [Note 9]	359,709	269,065
Additional paid-in-capital	104,231,071	95,723,083
Accumulated other comprehensive income	55,961	32,378
Accumulated deficit	(134,448,077)	(127,499,785)
Total stockholders’ deficiency	(29,779,690)	(31,465,737)
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ DEFICIENCY	5,420,727	5,942,625
Series B Convertible Redeemable Preferred Stock [Member]
MEZZANINE EQUITY
Series B Convertible Redeemable preferred stock, $0.001 par value, 600 shares authorized as of June 30, 2024 and March 31, 2024, respectively, 405 and 265 shares issued and outstanding as of June 30, 2024 and March 31, 2024, respectively [Note 9]	2,186,203	1,488,920
Preferred Stock [Member]
STOCKHOLDERS’ DEFICIENCY
Preferred stock, value	1	1
Series A Preferred Stock [Member]
STOCKHOLDERS’ DEFICIENCY
Preferred stock, value	$ 0	$ 6

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Mar. 31, 2024
Preferred stock, par value	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	125,000,000	125,000,000
Common stock, shares, issued	21,484,396	9,353,768
Common stock, shares, outstanding	21,484,396	9,353,768
Common stock, other shares, outstanding	160,672	160,672
Common stock shares to be issued	321,757	324,276
Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	9,979,400	9,979,400
Preferred stock, shares issued	1	1
Preferred stock, shares outstanding	1	1
Series B Convertible Redeemable Preferred Stock [Member]
Series B converible redeemable preferred stock, par value	$ 0.001	$ 0.001
Series B converible redeemable preferred stock, authorized	600	600
Series B converible redeemable preferred stock, shares issued	405	265
Series B converible redeemable preferred stock, shares outstanding	405	265
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000	20,000
Preferred stock, shares issued	200	6,304
Preferred stock, shares outstanding	200	6,304

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
REVENUE	$ 3,201,743	$ 3,020,765
Cost of Revenue	838,575	1,104,061
GROSS PROFIT	2,363,168	1,916,704
OPERATING EXPENSES
Selling, general and administrative expenses	2,966,119	3,520,215
Research and development expenses	513,895	712,975
TOTAL OPERATING EXPENSES	3,480,014	4,233,190
LOSS FROM OPERATIONS	(1,116,846)	(2,316,486)
Interest expense	(768,673)	(660,512)
Accretion and amortization expenses [Note 5,6]	(1,144,728)	(557,219)
Change in fair value of derivative liabilities [Note 8]	(306,862)	101,452
Gain (loss) upon convertible promissory notes conversion and redemption [Note 9]	(127,611)	6,448
Other income (expense) [Note 9]	(229,800)	13,435
NET LOSS BEFORE INCOME TAXES	(3,694,520)	(3,412,882)
Income taxes [Note 3]
NET LOSS BEFORE DIVIDENDS	(3,694,520)	(3,412,882)
Preferred Stock Dividends	(199,092)	(188,697)
Deemed Dividends [Note 9]	(3,054,680)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	(6,948,292)	(3,601,579)
Translation adjustment	23,583	(175,830)
COMPREHENSIVE LOSS	$ (6,924,709)	$ (3,777,409)
LOSS PER SHARE, BASIC	$ (0.490)	$ (0.411)
LOSS PER SHARE, DILUTED	$ (0.490)	$ (0.411)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC	14,169,441	8,752,510
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED	14,169,441	8,752,510

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Mezzanine Equity and Stockholders' Deficiency (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Shares to be Issued [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total	Series B Convertible Redeemable Preferred Stock [Member]	Mezzanine Equity [Member]
Balance at Mar. 31, 2023	$ 7	$ 8,753	$ 24,999	$ 92,844,478	$ (152,797)	$ (112,570,825)	$ (19,845,385)
Balance, shares at Mar. 31, 2023	6,305	8,752,510	3,955
Stock based compensation - ESOP [Note 9]				211,180			211,180
Translation adjustment					(175,830)		(175,830)
Net loss before dividends for the period						(3,412,882)	(3,412,882)
Preferred stock dividends						(188,697)	(188,697)
Balance at Jun. 30, 2023	$ 7	$ 8,753	$ 24,999	93,055,658	(328,627)	(116,172,404)	(23,411,614)
Balance, shares at Jun. 30, 2023	6,305	8,752,510	3,955
Balance at Mar. 31, 2024	$ 7	$ 9,515	$ 269,065	95,723,083	32,378	(127,499,785)	(31,465,737)
Temporary equity, shares at Mar. 31, 2024								265
Temporary equity, value at Mar. 31, 2024								$ 1,488,920	$ 1,488,920
Balance, shares at Mar. 31, 2024	6,305	9,514,440	344,276
Issuance of mezzanine equity [Note 9]								$ 840,191	840,191
Issuance of mezzanine equity [Note 9], shares								165
Issuance of common shares from shares to be issued [Note 9]		$ 320	$ (228,786)	228,466
Issuance of common shares from shares to be issued [Note 9], shares		320,321	(320,321)
Issuance of common shares from at-the-market transaction [Note 9]		$ 98		125,129			125,227
Issuance of common shares from at-the-market transactions [Note 9], shares		97,811
Conversion of mezzanine equity into common shares [Note 9]		$ 345		231,377			231,722
Conversion of mezzanine equity into common shares [Note 9], shares								(25)
Conversion of mezzanine equity into common shares [Note 9]								$ (142,908)	(142,908)
Conversion of mezzanine equity into common shares [Note 9], shares		345,204
Conversion of preferred shares into common shares [Note 9]	$ (6)	$ 8,952		4,925,756			4,934,702
Conversion of preferred shares into common shares [Note 9], shares	(6,104)	8,952,170
Conversion of convertible notes into common shares [Note 9]		$ 1,345	$ 311,790	1,895,464			2,208,599
Conversion of convertible notes into common shares [Note 9], shares		1,344,709	287,802
Issuance of shares for services [Note 9]		$ 70	$ 7,640	53,410			61,120
Issuance of shares for services [Note 9], shares		70,000	10,000
Issuance of shares for settlement of accounts payable [Note 9]		$ 1,000		989,408			990,408
Issuance of shares for settlement of accounts payable [Note 9], shares		1,000,413
Stock based compensation - ESOP [Note 9]				58,978			58,978
Translation adjustment					23,583		23,583
Net loss before dividends for the period						(3,694,520)	(3,694,520)
Preferred stock dividends						(199,092)	(199,092)
Deemed Dividend [Note 9]						(3,054,680)	(3,054,680)
Balance at Jun. 30, 2024	$ 1	$ 21,645	$ 359,709	$ 104,231,071	$ 55,961	$ (134,448,077)	$ (29,779,690)
Temporary equity, shares at Jun. 30, 2024								405
Temporary equity, value at Jun. 30, 2024								$ 2,186,203	$ 2,186,203
Balance, shares at Jun. 30, 2024	201	21,645,068	321,757

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (3,694,520)	$ (3,412,882)
Adjustments to reconcile net loss to net cash used in operations:
Stock based compensation	58,978	211,180
Issuance of shares for services	61,120
Issuance of warrants for services
Accretion and amortization expenses	1,144,728	557,219
Change in fair value of derivative liabilities	306,862	(101,452)
(Gain) loss upon convertible promissory notes conversion and redemption	376,704	(6,448)
Property and equipment depreciation	1,488	1,489
Non-cash lease expense	97,577	87,801
Changes in operating assets and liabilities:
Accounts receivable, net	(2,819)	(331,009)
Inventory	(33,888)	121,446
Deposits and other receivables	(225,789)	(32,333)
Accounts payable and accrued liabilities	415,319	1,072,871
Net cash used in operating activities	(1,494,240)	(1,832,118)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of common shares, net	125,221		$ 119,285
Issuance of preferred shares, net	1,312,532
Proceeds from convertible debentures, net	280,000	855,538
Proceeds from short term loan and promissory notes, net	(837,606)	479,656	853,030	$ 1,476,121
Preferred Stock Dividend	(11,967)	(6,049)
Net cash provided by (used in) financing activities	868,180	1,329,145
Net decrease in cash during the period	(626,060)	(502,973)
Effect of foreign currency translation	(59,269)	(16,054)
Cash, beginning of period	786,060	570,460	570,460
Cash, end of period	100,731	51,433	$ 786,060	$ 570,460
Supplemental disclosure of cash flow information:
Interest paid	707,412	258,689
Taxes

NATURE OF OPERATIONS

NATURE OF OPERATIONS	3 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	1. NATURE OF OPERATIONS Biotricity Inc. (formerly MetaSolutions, Inc.) (the “Company” or “Biotricity”) was incorporated under the laws of the State of Nevada on August 29, 2012. iMedical Innovations Inc. (“iMedical”) was incorporated on July 3, 2014 under the laws of the Province of Ontario, Canada and became a wholly-owned subsidiary of Biotricity through reverse take-over on February 2, 2016. The Company (directly and through its subsidiary) is engaged in research and development activities within the remote monitoring segment of preventative care. It is focused on a realizable healthcare business model that has an existing market and commercialization pathway. As such, its efforts to date have been devoted to building and commercializing an ecosystem of technologies that enable access to this market.

BASIS OF PRESENTATION, MEASUREM

BASIS OF PRESENTATION, MEASUREMENT AND CONSOLIDATION	3 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
BASIS OF PRESENTATION, MEASUREMENT AND CONSOLIDATION	2. BASIS OF PRESENTATION, MEASUREMENT AND CONSOLIDATION The condensed consolidated interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and are expressed in United States dollars (“USD”). The condensed consolidated interim financial statements of the Company have been prepared on a historical cost basis except derivative liabilities which are carried at fair value. The condensed consolidated interim financial statements include the accounts of the Company and its wholly-owned subsidiary. Significant intercompany accounts and transactions have been eliminated. Reclassifications Certain amounts presented in the prior year period have been reclassified to conform to current period consolidated financial statement presentation. Reverse Split On June 29, 2023, the Company filed a Certificate of Amendment to its Amended and Restated Articles of Incorporation to effect a one-for-six (1-for-6) share consolidation (the “Reverse Split”) 20,846 All issued and outstanding common stock, common stock per share amounts and corresponding balance sheet accounts contained in the financial statements have been retroactively adjusted to reflect this Reverse Split for all periods presented. In addition, a proportionate adjustment was made to the per share exercise and conversion price and the number of shares issuable upon the exercise or conversion of all outstanding stock options, warrants, convertible debt and equity instruments to purchase shares of common stock. Going Concern, Liquidity and Basis of Presentation The accompanying condensed consolidated interim financial statements have been prepared assuming that the Company will continue as a going concern. The Company is in the early stages of commercializing its product ecosystem and is concurrently continuing in development mode, operating a research and development program in order to develop, obtain regulatory clearance for, and commercialize other proposed products. The Company has incurred recurring losses from operations, and as of June 30, 2024, had an accumulated deficit of $ 134,448,077 16,485,643 BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) Management anticipates the Company will continue on its revenue growth trajectory and improve its liquidity through continued business development and after additional equity and debt capitalization of the Company. During the fiscal year ended March 31, 2023, the Company raised funds through short-term loans and promissory notes, net of repayments of $ 1,476,121 2,355,318 During the fiscal year ended March 31, 2024, the Company raised funds through short-term loans and promissory notes, net of repayments of $ 853,030 and convertible notes, net of redemptions of $ 2,962,386 from various lenders. The Company sold 36,897 common shares through use of its registration statement, for gross proceeds of $ 123,347 , raising a net amount of $ 119,285 after paying a 3 % placement fee and other issuance expenses. Additionally, on September 19, 2023, the Company entered into a security purchase agreement with an institutional investor for the issuance and sale of 220 shares of the Company’s newly designated Series B Convertible Preferred Stock, $ 0.001 par value (the “Series B Preferred Stock”), at a purchase price of $ 9,091 per share of Series B Preferred Stock (Note 9), or gross proceeds of $ 2,000,000 . Net proceeds after issuance costs amounted to $ 1,900,000 for the Series B Preferred Stock. During the three months ended March 31, 2024, 110 925,000 165 1,312,532 300,000 97,811 125,227 As we proceed with the commercialization of the Bioflux, Biocore, and Biocare product development, we expect to continue to devote significant resources on capital expenditures, as well as research and development costs and operations, marketing and sales expenditures. Based on the above facts and assumptions, we believe our existing cash, along with anticipated near-term financings, will be sufficient to continue to meet our needs for the next twelve months from the filing date of this report. However, we will need to seek additional debt or equity capital to respond to business opportunities and challenges, including our ongoing operating expenses, protecting our intellectual property, developing or acquiring new lines of business and enhancing our operating infrastructure. The terms of our future financings may be dilutive to, or otherwise adversely affect, holders of our common stock. We may also seek additional funds through arrangements with collaborators or other third parties. There can be no assurance we will be able to raise this additional capital on acceptable terms, or at all. If we are unable to obtain additional funding on a timely basis, we may be required to modify our operating plan and otherwise curtail or slow the pace of development and commercialization of our proposed product lines.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Revenue Recognition The Company adopted Accounting Standards Codification Topic 606, “Revenue from Contracts with Customers” (“ASC 606”) on April 1, 2018. In accordance with ASC 606, revenue is recognized when promised goods or services are transferred to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services by applying the core principles – (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to performance obligations in the contract, and (5) recognize revenue as performance obligations are satisfied. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) Both the Bioflux mobile cardiac telemetry device, and the Biocore device are wearable devices. The cardiac data that the devices monitor and collect is curated and analyzed by the Company’s proprietary algorithms and then securely communicated to a remote monitoring facility for electronic reporting and conveyance to the patient’s prescribing physician or other certified cardiac medical professional. Revenues earned are comprised of device sales revenues and technology fee revenues (technology as a service). The devices, together with their licensed software, are available for sale to the medical center or physician, who is responsible for the delivery of clinical diagnosis and therapy. The remote monitoring, data collection and reporting services performed by the technology culminate in a patient study that is generally billable when it is complete and is issued to the physician. In order to recognize revenue, management considers whether or not the following criteria are met: persuasive evidence of a commercial arrangement exists, and delivery has occurred or services have been rendered. For sales of devices, which are invoiced directly, additional revenue recognition criteria include that the price is fixed and determinable and collectability is reasonably assured; for device sales contracts with terms of more than one year, the Company recognizes any significant financing component as revenue over the contractual period using the effective interest method, and the associated interest income is reflected accordingly on the statement of operations and included in other income; for revenue that is earned based on customer usage of the proprietary software to render a patient’s cardiac study, the Company recognizes revenue when the study ends based on a fixed billing rate. Costs associated with providing the services are recorded as the service is provided regardless of whether or when revenue is recognized. The Company may also earn service-related revenue from contracts with other counterparties with which it consults. This contract work is separate and distinct from services provided to clinical customers, but may be with a reseller or other counterparties that are working to establish their operations in foreign jurisdictions or ancillary products or market segments in which the Company has expertise and may eventually conduct business. The Company recognized the following forms of revenue for the three months ended June 30, 2024 and 2023: SCHEDULE OF REVENUE RECOGNITION 2024 2023 $ $ Technology fees 3,016,250 2,768,918 Device sales 185,493 251,847 Total 3,201,743 3,020,765 Inventories Inventory is stated at the lower of cost and market value, cost being determined on a weighted average cost basis. Market value of our finished goods inventory and raw material inventory is determined based on its estimated net realizable value, which is generally the selling price less normally predictable costs of disposal and transportation. The Company records write-downs of inventory that is obsolete or in excess of anticipated demand or market value based on consideration of product lifecycle stage, technology trends, product development plans and assumptions about future demand and market conditions. Actual demand may differ from forecasted demand, and such differences may have a material effect on recorded inventory values. Inventory write-downs are charged to cost of revenue and establish a new cost basis for the inventory. SCHEDULE OF INVENTORIES June 30, 2024 March 31, 2024 $ $ Raw material 1,099,433 1,128,700 Finished goods 813,857 750,702 Inventories 1,913,290 1,879,402 BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) Significant accounting estimates and assumptions The preparation of the condensed consolidated financial statements requires the use of estimates and assumptions to be made in applying the accounting policies that affect the reported amounts of assets, liabilities, revenue and expenses and the disclosure of contingent assets and liabilities. The estimates and related assumptions are based on previous experiences and other factors considered reasonable under the circumstances, the results of which form the basis for making the assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. Significant accounts that require estimates as the basis for determining the stated amounts include share-based compensation, impairment analysis and fair value of warrants, promissory notes, convertible notes and derivative liabilities: ● Fair value of stock options The Company measures the cost of equity-settled transactions with employees by reference to the fair value of equity instruments at the date at which they are granted. Estimating fair value for share-based payments requires determining the most appropriate valuation model for a grant of such instruments, which is dependent on the terms and conditions of the grant. The estimate also requires determining the most appropriate inputs to the Black-Scholes option pricing model, including the expected life of the instrument, risk-free rate, volatility, and dividend yield. ● Fair value of warrants In determining the fair value of the warrant issued for services and issue pursuant to financing transactions, the Company used the Black-Scholes option pricing model with the following assumptions: volatility rate, risk-free rate, and the remaining expected life of the warrants that are classified under equity. ● Fair value of derivative liabilities In determining the fair values of the derivative liabilities from the conversion and redemption features, the Company used Monte-Carlo and lattice models with the following assumptions: dividend yields, volatility, risk-free rate and the remaining expected life. Changes in those assumptions and inputs could in turn impact the fair value of the derivative liabilities and can have a material impact on the reported loss and comprehensive loss for the applicable reporting period. ● Functional currency Determining the appropriate functional currencies for entities in the Company requires analysis of various factors, including the currencies and country-specific factors that mainly influence labor, materials, and other operating expenses. ● Useful life of property and equipment The Company employs significant estimates to determine the estimated useful lives of property and equipment, considering industry trends such as technological advancements, past experience, expected use and review of asset useful lives. The Company makes estimates when determining depreciation methods, depreciation rates and asset useful lives, which requires considering industry trends and company-specific factors. The Company reviews depreciation methods, useful lives and residual values annually or when circumstances change and adjusts its depreciation methods and assumptions prospectively. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) ● Provisions Provisions are recognized when the Company has a present obligation, legal or constructive, as a result of a previous event, if it is probable that the Company will be required to settle the obligation, and a reliable estimate can be made of the obligation. The amount recognized is the best estimate of the expenditure required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligations. Provisions are reviewed at the end of each reporting period and adjusted to reflect the current best estimate of the expected future cash flows. ● Contingencies Contingencies can be either possible assets or possible liabilities arising from past events, which, by their nature, will be resolved only when one or more uncertain future events occur or fail to occur. The assessment of the existence and potential impact of contingencies inherently involves the exercise of significant judgment and the use of estimates regarding the outcome of future events. ● Inventory obsolescence Inventories are stated at the lower of cost and market value. Market value of our inventory, which is all purchased finished goods, is determined based on its estimated net realizable value, which is generally the selling price less normally predictable costs of disposal and transportation. The Company estimates net realizable value as the amount at which inventories are expected to be sold, taking into consideration fluctuations in retail prices less estimated costs necessary to make the sale. Inventories are written down to net realizable value when the cost of inventories is estimated to be unrecoverable due to obsolescence, damage, or declining selling prices. ● Income and other taxes The calculation of current and deferred income taxes requires the Company to make estimates and assumptions and to exercise judgment regarding the carrying values of assets and liabilities which are subject to accounting estimates inherent in those balances, the interpretation of income tax legislation across various jurisdictions, expectations about future operating results, the timing of reversal of temporary differences and possible audits of income tax filings by the tax authorities. In addition, when the Company incurs losses for income tax purposes, it assesses the probability of taxable income being available in the future based on its budgeted forecasts. These forecasts are adjusted to take into account certain non-taxable income and expenses and specific rules on the use of unused credits and tax losses. When the forecasts indicate that sufficient future taxable income will be available to deduct the temporary differences, a deferred tax asset is recognized for all deductible temporary differences. Changes or differences in underlying estimates or assumptions may result in changes to the current or deferred income tax balances on the consolidated balance sheets, a charge or credit to income tax expense included as part of net income (loss) and may result in cash payments or receipts. Judgment includes consideration of the Company’s future cash requirements in its tax jurisdictions. All income, capital and commodity tax filings are subject to audits and reassessments. Changes in interpretations or judgments may result in a change in the Company’s income, capital, or commodity tax provisions in the future. The amount of such a change cannot be reasonably estimated. ● Incremental borrowing rate for lease The determination of the Company’s lease obligation and right-of-use asset depends on certain assumptions, which include the selection of the discount rate. The discount rate is set by reference to the Company’s incremental borrowing rate. Significant assumptions are required to be made when determining which borrowing rates to apply in this determination. Changes in the assumptions used may have a significant effect on the Company’s consolidated financial statements. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) Earnings (Loss) Per Share The Company has adopted the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 260-10 which provides for calculation of “basic” and “diluted” earnings per share. Basic loss per share of common stock is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted earnings or loss per share of common stock is computed similarly to basic earnings or loss per share except the weighted average shares outstanding are increased to include additional shares from the assumed exercise of any common stock equivalents, if dilutive. The Company’s warrants, options, convertible promissory notes, convertible preferred stock, shares to be issued and restricted stock awards while outstanding are considered common stock equivalents for this purpose. Diluted earnings are computed utilizing the treasury method for the warrants, stock options, shares to be issued and restricted stock awards. Diluted earnings with respect to the convertible promissory notes and convertible preferred stock utilizing the if-converted method were not applicable during the periods presented as no conditions required for conversion had occurred. No incremental common stock equivalents were included in calculating diluted loss per share because such inclusion would be anti-dilutive given the net loss reported for the periods presented. Cash Cash includes cash on hand and balances with banks. Foreign Currency Translation The functional currency of the Company’s Canadian-based subsidiary is the Canadian dollar, and the US-based parent is the U.S. dollar. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the consolidated balance sheet date. Non-monetary assets and liabilities are translated using the historical rate on the date of the transaction. All exchange gains or losses arising from translation of these foreign currency transactions are included in net income (loss) for the year. In translating the financial statements of the Company’s Canadian subsidiaries from their functional currency into the Company’s reporting currency of United States dollars, consolidated balance sheet accounts are translated using the closing exchange rate in effect at the balance sheet date and income and expense accounts are translated using an average exchange rate prevailing during the reporting period. Adjustments resulting from the translation, if any, are included in accumulated other comprehensive loss in stockholders’ deficiency. The Company has not, to the date of these condensed consolidated interim financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. Accounts Receivable Accounts receivable consists of amounts due to the Company from medical facilities, which receive reimbursement from institutions and third-party government and commercial payors and their related patients, as a result of the Company’s normal business activities. Accounts receivable is reported on the consolidated balance sheets net of an estimated allowance for doubtful accounts. The Company establishes an allowance for doubtful accounts for estimated uncollectible receivables based on historical experience, assessment of specific risk, review of outstanding invoices, and various assumptions and estimates that are believed to be reasonable under the circumstances, and recognizes the provision as a component of selling, general and administrative expenses. Uncollectible accounts are written off against the allowance after appropriate collection efforts have been exhausted and when it is deemed that a balance is uncollectible. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) Fair Value of Financial Instruments ASC 820 defines fair value, establishes a framework for measuring fair value and expands required disclosure about fair value measurements of assets and liabilities. ASC 820-10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820-10 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: ● Level 1 – Valuation based on quoted market prices in active markets for identical assets or liabilities. ● Level 2 – Valuation based on quoted market prices for similar assets and liabilities in active markets. ● Level 3 – Valuation based on unobservable inputs that are supported by little or no market activity, therefore requiring management’s best estimate of what market participants would use as fair value. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments or interest rates that are comparable to market rates. These financial instruments include cash, accounts receivable, deposits and other receivables, convertible promissory notes and short term loans, federally-guaranteed loans, term loans, accounts payable and accrued liabilities. The Company’s derivative liabilities are carried at fair values and are classified as Level 3 financial instruments. The Company’s bank accounts are maintained with financial institutions of reputable credit, therefore, bear minimal credit risk. The fair value of financial instruments measured on a recurring basis is as follows: SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS As of June 30, 2024 Description Total Level 1 Level 2 Level 3 Assets: Cash $ 100,731 $ 100,731 $ — $ — Total assets at fair value $ 100,731 $ 100,731 $ — $ — Liabilities: Derivative liabilities, short-term $ 516,107 $ — $ — $ 516,107 Derivative liabilities, long-term 1,323,374 — — 1,323,374 Total liabilities at fair value $ 1,839,481 $ — $ — $ 1,839,481 As of March 31, 2024 Description Total Level 1 Level 2 Level 3 Assets: Cash $ 786,060 $ 786,060 $ — $ — Total assets at fair value $ 786,060 $ 786,060 $ — $ — Liabilities: Derivative liabilities, short-term $ 991,866 $ — $ — $ 991,866 Derivative liabilities, long-term 1,435,668 — — 1,435,668 Total liabilities at fair value $ 2,427,534 $ — $ — $ 2,427,534 There were no transfers between fair value hierarchy levels during the three months ended June 30, 2024 and 2023. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful lives of the assets. Maintenance and repairs are charged to expense as incurred, and improvements and betterments are capitalized. Depreciation of property and equipment is provided using the straight-line method for substantially all assets with estimated lives as follow: SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES Office equipment 5 Leasehold improvement 5 Impairment for Long-Lived Assets The Company applies the provisions of ASC Topic 360, Property, Plant, and Equipment Leases The Company is the lessee in a lease contract when the Company obtains the right to use the asset. Operating leases are included in the line items Operating right of use assets, Operating lease obligations, current, and Operating lease obligations, long-term in the consolidated balance sheet. Right-of-use (“ROU”) asset represents the Company’s right to use an underlying asset for the lease term and lease obligations represent the Company’s obligations to make lease payments arising from the lease, both of which are recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. Leases with a lease term of 12 months or less at inception are not recorded on the consolidated balance sheet and are expensed on a straight-line basis over the lease term in the consolidated statement of operations and comprehensive loss. The Company determines the lease term by agreement with lessor. As the Company’s lease does not provide implicit interest rate, the Company uses the Company’s incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. Refer to Note 12 for further discussion. Income Taxes The Company accounts for income taxes in accordance with ASC 740. The Company provides for Federal, State and Provincial income taxes payable, as well as for those deferred because of the timing differences between reporting income and expenses for consolidated financial statement purposes versus tax purposes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recoverable or settled. The effect of a change in tax rates is recognized as income or expense in the period of the change. A valuation allowance is established, when necessary, to reduce deferred income tax assets to the amount that is more likely than not to be realized. Research and Development Research and development costs, which relate primarily to product and software development, are charged to operations as incurred. Under certain research and development arrangements with third parties, the Company may be required to make payments that are contingent on the achievement of specific developmental, regulatory and/or commercial milestones. Before a product receives regulatory approval, milestone payments made to third parties are expensed when the milestone is achieved . BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) Selling, General and Administrative Selling, general and administrative expenses consist primarily of personnel-related costs including stock-based compensation for personnel in functions not directly associated with research and development activities. Other significant costs include sales and marketing costs, investor relations and legal costs relating to corporate matters, professional fees for consultants assisting with business development and financial matters, and office and administrative expenses. Stock Based Compensation The Company accounts for share-based payments in accordance with the provision of ASC 718, which requires that all share-based payments issued to acquire goods or services, including grants of employee stock options, be recognized in the consolidated statements of operations and comprehensive loss based on their fair values, net of estimated forfeitures. ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Compensation expense related to share-based awards is recognized over the requisite service period, which is generally the vesting period. The Company accounts for stock based compensation awards issued to non-employees for services, as prescribed by ASC 718-10, at either the fair value of the services rendered or the instruments issued in exchange for such services, whichever is more readily determinable, using the guidelines in ASC 505-50. The Company issues compensatory shares for services including, but not limited to, executive, management, accounting, operations, corporate communication, financial and administrative consulting services. Convertible Notes Payable and Derivative Instruments The Company has adopted the provisions of ASU 2017-11 to account for the down round features of warrants issued with private placements effective as of April 1, 2017. In doing so, warrants with a down round feature previously treated as derivative liabilities in the consolidated balance sheet and measured at fair value are henceforth treated as equity, with no adjustment for changes in fair value at each reporting period. Previously, the Company accounted for conversion options embedded in convertible notes in accordance with ASC 815. ASC 815 generally requires companies to bifurcate conversion options embedded in convertible notes from their host instruments and to account for them as free-standing derivative financial instruments. ASC 815 provides for an exception to this rule when convertible notes, as host instruments, are deemed to be conventional, as defined by ASC 815-40. The Company accounts for convertible notes deemed conventional and conversion options embedded in non-conventional convertible notes which qualify as equity under ASC 815, in accordance with the provisions of ASC 470-20, which provides guidance on accounting for convertible securities with beneficial conversion features. Accordingly, the Company records, as a discount to convertible notes, the intrinsic value of such conversion options based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt. Series B Convertible Preferred Stock The Series B convertible preferred stock (“Series B Preferred Stock”) was accounted for as mezzanine equity and the embedded conversion and redemption features was accounted for as derivative liabilities with change in fair value at each reporting period end charged to the consolidated statement of operation and comprehensive loss in accordance with ASC 480 and ASC 815. Preferred Shares Extinguishments The Company accounted for preferred stock redemptions and conversions in accordance to ASU-260-10-S99. For preferred stock redemptions and conversion, the difference between the fair value of consideration transferred to the holders of the preferred stock and the carrying amount of the preferred stock is accounted as deemed dividend distribution and subtracted from net loss. Segment Information Operating segments are defined as components of an entity where discrete financial information is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assessing performance. The Company has identified its Chief Executive Officer (“CEO”) as the chief operating decision maker (“CODM”). The Company operates in one operating segment. The Company’s CODM allocates resources and assesses performance at the consolidated level. The Company’s property and equipment and operating right of use lease asset are in the United States as of June 30, 2024 and 2023. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments.” This pronouncement, along with subsequent ASUs issued to clarify provisions of ASU 2016-13, changes the impairment model for most financial assets and will require the use of an “expected loss” model for instruments measured at amortized cost. Under this model, entities will be required to estimate the lifetime expected credit loss on such instruments and record an allowance to offset the amortized cost basis of the financial asset, resulting in a net presentation of the amount expected to be collected on the financial asset. In developing the estimate for lifetime expected credit loss, entities must incorporate historical experience, current conditions, and reasonable and supportable forecasts. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019. On November 19, 2019, the FASB issued ASU No. 2019-10, Financial Instruments—Credit Losses (Topic 326), finalized various effective date delays for private companies, not-for-profit organizations, and certain smaller reporting companies applying the credit losses (CECL), the revised effective for fiscal years beginning after December 15, 2022. The Company has adopted Topic 326 on the Company’s consolidated financial statements according to the effective date and the adoption has no significant impact on the Company’s consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. ASU 2019-12 is effective for fiscal years beginning after December 15, 2021. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. There is no significant impact from adopting ASU 2019-12 on the Company’s financial condition, results of operations, and cash flows. In April 2021, The FASB issued ASU 2021-04 to codify the final consensus reached by the Emerging Issues Task Force (EITF) on how an issuer should account for modifications made to equity-classified written call options (hereafter referred to as a warrant to purchase the issuer’s common stock). The guidance in the ASU requires the issuer to treat a modification of an equity-classified warrant that does not cause the warrant to become liability-classified as an exchange of the original warrant for a new warrant. This guidance applies whether the modification is structured as an amendment to the terms and conditions of the warrant or as termination of the original warrant and issuance of a new warrant. The Company adopted this guidance for the fiscal year beginning April 1, 2022. There is no significant impact from adopting ASU 2021-04 on the Company’s financial condition, results of operations, and cash flows. On March 28, 2023, the FASB issued ASU No. 2023-01, Leases (Topic 842): Common Control Arrangements. ASU 2023-01 is designed to clarify the accounting for leasehold improvements associated with common control leases, thereby reducing diversity in practice. The new standard is effective for the Company for its fiscal year beginning January 1, 2024, with early adoption permitted. There is no significant impact from adopting ASU No. 2023-01 on the Company’s financial condition, results of operations, and cash flows. In November 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”) to improve the disclosures regarding a public entity’s reportable segments and address requests

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	3 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	4. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES As at June 30, 2024 As at March 31, 2024 $ $ Trade and other payables 4,811,090 5,081,992 Accrued liabilities 3,199,402 4,369,576 Deferred revenue 79,013 21,550 Total 8,089,505 9,473,118 Trade and other payables and accrued liabilities as at June 30, 2024 and March 31, 2024 included $ 246,058 837,945 BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars)

CONVERTIBLE PROMISSORY NOTES AN

CONVERTIBLE PROMISSORY NOTES AND SHORT TERM LOANS	3 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
CONVERTIBLE PROMISSORY NOTES AND SHORT TERM LOANS	5. CONVERTIBLE PROMISSORY NOTES AND SHORT TERM LOANS Series A Convertible Promissory Notes : During the year ended March 31, 2021, the Company issued $ 11,275,500 12 For the first series of Series A Notes, commencing six months following the Issuance Date, and at any time thereafter (provided the Holder has not received notice of the Company’s intent to prepay the note), at the sole election of the Holder, any amount of the outstanding principal and accrued interest of this note (the “Outstanding Balance”) could be converted into that number of shares of Common Stock equal to: (i) the Outstanding Balance divided by (ii) 75% of the volume weighted average price of the Common Stock for the 5 trading days prior to the Conversion Date (the conversion price). For the first series of Series A Notes, the notes would automatically convert into common stock (in each case, subject to the trading volume of the Company’s common stock being a minimum of $500,000 for each trading day in the 20 consecutive trading days immediately preceding the conversion date), upon the earlier to occur of (i) the Company’s common stock being listed on a national securities exchange, in which event the conversion price would be equal to 75% of the volume weighted average price of the common stock for the 20 trading days prior to the conversion date, or (ii) upon the closing of the Company’s next equity round of financing for gross proceeds of greater than $5,000,000, in which event the conversion price would be equal to 75% of the price per share of the common stock (or of the conversion price in the event of the sale of securities convertible into common stock) sold in such financing. The Company could, at its discretion, redeem the notes for 115% of their face value plus accrued interest. For the second series of Series A Notes, the notes could be converted into shares of common stock, at the option of the holder, commencing six months from issuance, at a conversion price equal to the lower of $ 24.00 75 For the second series of Series A Notes, the notes would automatically convert into common stock (in each case, subject to the trading volume of the Company’s common stock being a minimum of $500,000 for each trading day in the 20 consecutive trading days immediately preceding the conversion date), upon the earlier to occur of (i) the Company’s common stock being listed on a national securities exchange, in which event the conversion price would be equal to the lower of $24.00 per share or 75% of the volume weighted average price of the common stock for the 20 trading days prior to the conversion date, or (ii) upon the closing of the Company’s next equity round of financing for gross proceeds of greater than $5,000,000, in which event the conversion price would be equal to the lower of $24.00 per share or 75% of the price per share of the common stock (or of the conversion price in the event of the sale of securities convertible into common stock) sold in such financing. The Company could, at its discretion, redeem the notes for 115% of their face value plus accrued interest The Company was obligated to issue warrants that accompany the convertible notes and provide 50% warrant coverage. The warrants have a 3-year term from date of issuance and an exercise price that is 120% of the 20-day volume weighted average price of the Company’s common shares at the time final closing The Company was obligated to pay the placement agent of the first series of Series A Notes a 12% cash fee for $8,925,500 (face value) of the notes and 2.5% cash fee and other sundry expenses for the remaining $2,350,000 (face value) of the notes The Company was also obligated to issue warrants to the placement agent that have a 10-year term and cover 12% of funds raised for $8,925,550 (face value) of the notes (first series) and 2.5% of funds raised for the remaining $2,350,000 (face value) of notes (second series), with an exercise price that is 120% of the 20-day volume weighted average price of the Company’s common shares at the time final closing. On final closing, which occurred on January 8, 2021, the warrants’ exercise price was struck at $6.36 per share Prior to January 8, 2021 (final closing date), the Company determined that the conversion and redemption features contained in those Notes represented a single compound derivative liability that meets the requirements for liability classification under ASC 815. The Company accounted for these obligations by determining the fair value of the related derivative liabilities associated with the embedded conversion and redemption features. For the Series A Notes, The Company recognized debt issuance costs in the amount of $ 2,301,854 8,088,003 BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) On December 30, 2022, the Company exchanged $ 500,000 121,500 621,500 12 75 Prior to year ended March 31, 2022, $ 10,575,500 700,000 During the three months ended June 30, 2024, and June 30, 2023, the Company recognized discount amortization of $ nil 15,836 As of June 30, 2024, and March 31 , 2024 198,339 173,762 During the three months ended June 30, 2024, and June 30, 2023, the Company recognized interest expense in the amount of $ 20,567 24,577 Series B Convertible Notes During the year ended March 31, 2021, the Company also issued $ 1,312,500 Commencing six months following the issuance date, and at any time thereafter, subject to the Company’s Conversion Buyout clause, at the sole election of the holder, any amount of the outstanding principal and accrued interest of the note (the “outstanding balance”) could be converted into that number of shares of Common Stock equal to: (i) the outstanding balance divided by (ii) the Conversion Price. Partial conversions of the note shall have the effect of lowering the outstanding principal amount of the note. The holder may exercise such conversion right by providing written notice to the Company of such exercise in a form reasonably acceptable to the Company (a “conversion notice”). Conversion price means (subject in all cases to proportionate adjustment for stock splits, stock dividends, and similar transactions), seventy-five percent (75%) multiplied by the average of the three (3) lowest closing prices during the previous ten (10) trading days prior to the receipt of the conversion notice. The Series B Notes will automatically convert into common stock upon a merger, consolidation, exchange of shares, recapitalization, reorganization, as a result of which the Company’s common stock shall be changed into another class or classes of stock of the Company or another entity, or in the case of the sale of all or substantially all of the assets of the Company other than a complete liquidation of the Company. Within the first 180 days after the issuance date, the Company may, at its discretion, redeem the notes for 115% of their face value plus accrued interest. The Company is obligated to issue warrants that accompany the convertible notes and provide 50% warrant coverage. 3 6.36 100,000 9.0 35,417 Net proceeds to the Company from convertible note issuances to March 31, 2021 amounted to $ 1,240,000 BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) The Company recognized debt issuance costs in the amount of $ 10,000 1,312,500 During the year ended March 31, 2022, $ 472,500 34,586 840,000 During the year ended March 31, 2023, $ 555,600 126,833 During the year ended March 31, 2023, $ 126,680 145,682 The redemption price was determined in accordance to the Series B note agreement, where the Company has an option to redeem the note at 115% of its principal value instead of converting the note upon receipt of a conversion notice. The difference between the redemption cash payment and the book value of the note redeemed, including the derivative liability associated to the note 24,408 During the year ended March 31, 2024, the Company redeemed $ 135,710 162,851 18,540 45,681 During the three months ended June 30, 2023, the Company redeemed $ 50,327 60,392 6,448 50,327 16,513 During the three months ended June 30, 2024, the Company redeemed $ 16,667 of Series B Notes, through a cash payment of $ 20,000 . A gain on redemption $ 3,226 was recognized as a result of this transaction, representing the difference between the cash payment and the face value of Series B Notes redeemed and related derivative liabilities at the time of redemption ($ 6,559). In total, the Company had issued $ 821,500 157,720 821,500 5,343 821,500 22,010 The Series A and Series B notes continued to accrue interest, and no repayment demand notification was received from noteholders, notwithstanding the fact that these noteholders have continued to convert portions of these notes subsequently; and it is management’s expectation that all of these notes will eventually convert. As of June 30, 2024, and March 31, 2024, the Company recorded accrued interest in the amount of $ 88,821 88,602 During the three months ended June 30, 2024, and June 30, 2023, the Company recognized interest expense in the amount of $ 219 1,669 Series C Convertible Notes The Company has issued Series C Notes in total of $ 1,812,700 1,100,430 The Series C Notes were sold under subscription agreements to accredited investors. The Notes mature one year from the final closing date of the offering and accrue interest at 15 For Series C Notes, commencing six months following the Issuance Date, and at any time thereafter, at the sole election of the Holder, any amount of the outstanding principal and accrued interest of this note (the “Conversion Amount”) could be converted into that number of shares of Common Stock equal to: the Conversion Amount divided by the “Optional Conversion Price”, which is defined as lower of (i) seventy-five percent (75%) of the VWAP for the five (5) Trading Days prior to the Conversion Date, or (ii) eighty percent (80%) of the gross sale price per share of Common Stock (or conversion or exercise price per share of Common Stock of any Common Stock Equivalents) sold in a Qualified Financing BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) For Series C Notes, “Mandatory Conversion” of the notes would convert into common stock at the applicable “Mandatory Conversion Price”, if either (i) on each of any twenty (20) consecutive Trading Days (the “Measurement Period”) (A) the closing price of the Common Stock on the applicable Trading Market is at least $18.00 per share and (B) the dollar value of average daily trades of the Common Stock on the applicable Trading Market is at least $400,000 per Trading Day; or (ii) upon the closing of a Qualified Financing, provided that the dollar value of average daily trades of the Common Stock on the applicable National Exchange on each of the ten (10) consecutive Trading Days following such closing is at least $400,000 per Trading Day. Mandatory Conversion Price means, in the case of a Mandatory Conversion under situation (i) above, seventy percent (70%) of the VWAP over the Measurement Period, or in the case of a Mandatory Conversion under situation (ii) above, eighty percent (80%) of the gross sale price per share of Common Stock (or conversion or exercise price per share of Common Stock of any Common Stock Equivalents) sold in a Qualified Financing The Company was obligated to issue warrants that accompany the convertible notes and provide 100% warrant coverage. The warrants have a 4-year term from date of issuance and an exercise price that is 200% of the 5-day volume weighted average price of the Company’s common shares at the time of final closing The Company was obligated to pay the placement agent of the first series of Series C Notes a 10% cash fee for the face value of the notes The Company was also obligated to issue warrants to the placement agent that have a 10-year term and cover 8% of face value of the notes, with an exercise price that equals to the 5-day volume weighted average price of the Company’s common shares at the time final closing . Prior to the final closing date (October 23, 2023), the Company determined that the conversion features contained in those Note, as well as the obligations to issue investor warrants and placement agent warrants represented a single compound derivative liability that meets the requirements for liability classification under ASC 815. The Company accounted for these obligations by determining the fair value of the related derivative liabilities associated with the embedded conversion features, as well as the obligations related to investor warrant and placement agent warrant issuance. Subsequently, the exercise price of all warrants was concluded and locked to $ 4.18 2.09 1,278,786 For the Series C Notes, the Company recognized debt issuance costs of $ 207,361 during the year ended March 31, 2024 and treated these as debt discounts. The Company also recognized additional debt discount in the amount of $ 1,005,829 in connection with the recognition of derivative liabilities for the conversion features, investor warrants and placement agent warrants. The debt discounts are recorded as a contra liability against the convertible note and are amortized and recognized as accretion expenses using the effective interest method over the remaining lives of the Notes. During the three months ended June 30, 2024, and June 30, 2023 the Company recognized discount amortization of $ 867,091 and $ 85,683 , respectively, on Series C Notes as accretion and amortization expense. As of June 30, 2024 and March 31, 2024, the remaining unamortized discount on Series C convertible notes was $ 365,183 and $ 1,232,274 , respectively. During the three months ended June 30, 2024, convertible notes with a face value of $ 1,387,700 1,344,709 287,802 2,208,599 2,077,762 214,446 475,616 130,837 BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) As of June 30, 2024, and March 31, 2024, the Company recorded accrued interest in the amount of $ 71,940 253,643 During the three months ended June 30, 2024, and June 30, 2023, the Company recognized interest expense in the amounts of $ 36,754 46,523 Other Convertible Notes On January 23, 2023, the Company issued $ 2,000,000 10 45,045 221,621 The conversion of the Notes is automatic upon a Qualified Financing which is in the control of the Company, or at maturity of the notes, upon mutual agreement by the noteholder and the Company. Since the conversion is not in control of the holder of the note, the Company did not recognize a derivative liability in connection with the conversion option of the Notes. As of June 30, 2024, and March 31, 2024, respectively, the discount on Other Convertible Notes was fully amortized. During the three months ended June 30, 2024, and June 30, 2023 the Company recognized discount amortization of $ nil 55,254 Convertible Preferred Notes The Company entered into a convertible preferred note financing on September 25, 2023 and issued a convertible note (“Preferred Note”) for a principal amount of $ 1,000,000 12 BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) The Company also entered into a convertible preferred note financing on October 25, 2023 and issued a convertible note (“Preferred Note”) for a principal amount of $ 250,000 12 The Company entered into a convertible preferred note financing on January 9, 2024 and issued a convertible note (“Preferred Note”) for a principal amount of $ 114,303 8 The Company entered into a convertible preferred note financing on June 17, 2024 and issued a convertible note (“Preferred Note”) for a principal amount of $ 300,000 no The conversion of the Preferred Notes is automatic upon a Qualified Financing which is in the control of the Company, or at maturity of the notes, upon mutual agreement by the noteholder and the Company. Since the conversion is not in control of the holder of the note, the Company did not recognize a derivative liability in connection with the conversion option of the Other Convertible Notes. The Company may prepay the Preferred Note in whole or in part, after providing fifteen (15) days written notice to the holder, either in cash or by the mutually consented conversion of the Preferred Note and any accrued interest thereon at a 15 As of June 30, 2024, and March 31, 2024, the Company recorded accrued interest in the amount of $ 8,532 4,103 During the three months ended June 30, 2024 and 2023, the Company recognized interest expense in the amount of $ 38,513 and Nil, respectively Other Short-term loans and Promissory Notes In December 2022, the Company entered into a short-term bridge loan agreement with a collateralized merchant finance company that advanced gross proceeds of $ 400,000 , prior to the deduction of issuance costs in the amount of $ 9,999 . The issuance costs were recognized as a debt discount and amortized via the effective interest method. The term of the finance agreement is 40 weeks. The Company is required to make weekly payments of $ 13,995 ($ 560,000 in the aggregate). As of June 30, 2024, and March 31, 2024, respectively, the principal was fully repaid and discount for this loan was fully amortized. The discount amortization during the three months ended June 30, 2024, and June 30, 2023 was $ nil and $ 3,250 , respectively, and was recognized as part of the accretion and amortization expenses. In addition, the Company recognized $ nil and $ 49,971 accretion expenses, during the three months ended June 30, 2024, and June 30, 2023, respectively, related to the increase in present value of the loan over its term. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) In December 2022, the Company also entered into a short-term collateralized bridge loan agreement with a finance company that advanced gross proceeds of $ 800,000 , prior to the deduction of issuance costs in the amount of $ 32,000 . The issuance costs were recognized as a debt discount and amortized via the effective interest method. The term of this second agreement is 40 weeks. The Company is required to make weekly payments of $ 29,556 ($ 13,999 for the first four weeks, and $ 1,120,000 in the aggregate). As of June 30, 2024, and March 31, 2024, respectively, the principal was fully repaid and discount for this loan was fully amortized. The discount amortization during the three months ended June 30, 2024, and June 30, 2023, was $ nil and $ 9,600 , respectively, which was recognized as part of the accretion and amortization expenses. In addition, the Company recognized $ nil and $ 106,977 accretion expenses, during the three months ended June 30, 2024, and June 30, 2023, respectively, related to the increase in present value of the loan over its term. In December 2022, the Company entered into a promissory note agreement with an individual investor that resulted in gross proceeds of $ 600,000 25 December 15, 2023 3 600,000 12,620 12,723 37,397 37,500 On December 30, 2022, the Company extinguished 51,101 warrants that were originally issued to Series A Convertible Noteholders and replaced these warrants with a new promissory note issued to the same warrant holder. The new promissory note has principal balance of $ 270,000 , stated interest of zero, and maturity date of December 31, 2023 . The fair value of this new promissory note was $ 248,479 as of the issuance date, which was calculated using a discount rate that was comparable to other loan issuance at the same time as well as the market bond rates at the time of the promissory note issuance. The difference between the fair value of the new note and its principal balance was $ 21,521 , and was recognized as a discount, and amortized via effective interest rate method. The Company compared the fair value of the extinguished warrants immediately prior to extinguishment against the fair value of the new promissory note issued. During the year ended March 31, 2024, the obligation to repay the principal balance at the original maturity date was waived for a finance charge of $ 50,000 , which the Company recorded as interest expense in the in the statement of operations. As of June 30, 2024, and March 31, 2024, the amount of principal outstanding on the note was $ 270,000 , and the remaining unamortized discount was $ Nil . During the three months ended June 30, 2024, and June 30, 2023, the Company recognized amortization of discount on this promissory note in the amounts of $ nil and $ 7,304 , respectively, as accretion and amortization expenses. As of June 30, 2024, and March 31, 2024, the Company recorded accrued interest in the amount of $ 50,000 related to this promissory note. On March 29, 2023, the Company entered into an additional collateralized bridge loan agreement with a finance company that advanced gross proceeds of $ 300,000 , prior to the deduction of issuance costs in the amount of $ 12,000 . The issuance costs were recognized as a debt discount and would be amortized via the effective interest method. The term of this agreement is 40 weeks. The Company is required to make weekly payments of $ 5,250 for the first four weeks, and $ 11,083 for the remaining 36 weeks, which is $ 420,000 in aggregate. On July 18, 2023, the Company entered into an amendment with the finance company and increased total proceeds borrowed to $ 700,000 . The proceeds from the amended loan balance were netted against previously outstanding balance of the loan, along with an issuance cost in the amount of $ 28,000 . The term of this new loan agreement is 40 weeks. The Company is required to make weekly payments of $ 24,500 , which is $ 980,000 in aggregate. The Company accounted for this amendment as a debt extinguishment and recognized a loss on the amendment of $ 59,161 in other expenses. The issuance costs on the amended loan were recognized as a debt discount and would be amortized via the effective interest method. During the three months ended June 30, 2024, and June 30, 2023, the Company recognized $ 2,800 3,600 of amortization of discount as accretion and amortization expenses. In addition, the Company recognized $ 4,152 56,440 accretion expenses, during the three months ended June 30, 2024, and June 30, 2023, respectively, related to the increase in present value of the loan over its term. During the three months ended June 30, 2024, and June 30, 2023, net repayments for the loan amounted to $ 147,000 and $ 109,667 , respectively. In June 2023, the Company entered into a secured revolving account purchase credit and inventory financing facility (the “Revolving Facility”) with a revolving loan lender, pursuant to which the lender may from time to time purchase certain discrete account receivables from the Company (with full recourse) or may make loans and provide other financial accommodations, the payment of which are guaranteed and secured by certain assets of the Company. In assigning the selling accounts receivables to the revolving loan lender, the Company is receiving 85% of their value as an advance of its regular collection of those receivables, limited to $ 1.2 0.3 1,398,111 1,286,792 nil $125,000 1,411,792 1,411,792 105,233 45,217 23,979 23,879 BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) On July 13, 2023, the Company entered into another short-term bridge loan agreement with a collateralized merchant finance company that advanced gross proceeds of $ 400,000 24,000 14 38,705 540,000 No On August 11, 2023, the Company issued two short term promissory notes (“August 2023 Notes”), each for a principal amount of $ 250,000 500,000 75,000 250,000 25,000 250,000 50,000 302,500 427,500 75,000 125,000 On December 8, 2023, the Company entered into a short-term bridge loan agreement with a collateralized merchant finance company that advanced gross proceeds of $ 630,000 15,750 44 19,195 844,200 258,216 443,185 5,369 10,023 4,653 64,566 230,340 During January 2024, the Company entered into a short term loan agreement with an individual lender that resulted in gross proceeds of $ 140,000 12 140,000 6,996 nil 6,996 During February 2024, the Company entered into a promissory note agreement with an individual investor that resulted in gross proceeds of $ 660,504 12 660,504 26,917 7,101 19,774 On February 2, 2024, the Company entered into a short-term bridge loan agreement with a collateralized merchant finance company that advanced gross proceeds of $ 700,000 35,000 35 29,235 1,008,000 337,487 581,105 13,683 26,879 13,196 136,437 321,585 BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars)

TERM LOAN AND CREDIT AGREEMENT

TERM LOAN AND CREDIT AGREEMENT	3 Months Ended
	Jun. 30, 2024
Term Loan And Credit Agreement
TERM LOAN AND CREDIT AGREEMENT	6. TERM LOAN AND CREDIT AGREEMENT Term Loan On December 21, 2021, the Company entered into a Credit Agreement (“Credit Agreement”) with SWK Funding LLC (“Lender’); as part of this, the Company has borrowed $ 12.4 December 21, 2026 10.5 February 15, 2022 Pursuant to the Credit Agreement, the Company will be required to make interest only payments for the first 24 months (which may be extended to 36 months under prescribed circumstances), after which payments will include principal amortization that accommodates a 40% balloon principal payment at maturity. The Company and the Lender have negotiated the terms under which the Company will be allowed to extend the interest-only period and delay the start of principal repayment. 2.4 600,000 3,000,000 2,400,000 120,000 600,000 As part of the loan transaction, the Company paid legal and professional costs directly in connection to the debt financing in the amount of $ 50,000 Total costs directly in connection to the debt financing in the amount of $ 193,437 48,484 144,953 12,000,000 The Company also repaid $ 1,574,068 Total costs directly in connection to the loan and fair value of warrants was in the amount of $ 1,042,149 51,831 50,942 During November 2022, unpaid interest of $ 364,000 Total interest expense on the term loan for the three months ended June 30, 2024 and 2023 $ 491,352 493,100 The Company had accrued interest payable of $ 972,008 795,656 The Company and Lender also entered into a Guarantee and Collateral Agreement (“Collateral Agreement”) wherein the Company agreed to secure the Credit Agreement with all of the Company’s assets. The Company and Lender also entered into an Intellectual Property Security Agreement dated December 21, 2021 (the “IP Security Agreement”) wherein the Credit Agreement is also secured by the Company’s right title and interest in the Company’s Intellectual Property. In connection with the Credit Agreement, the Company issued 57,536 198,713 At June 30, 2024, the Company was not in compliance with certain covenants of the term loan, for which it sought and received relief from the term loan lender. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars)

FEDERALLY GUARANTEED LOAN

FEDERALLY GUARANTEED LOAN	3 Months Ended
	Jun. 30, 2024
Federally Guaranteed Loan
FEDERALLY GUARANTEED LOAN	7. FEDERALLY GUARANTEED LOAN Economic Injury Disaster Loan (“EIDL”) In April 2020, the Company received $ 370,900 The loan has a term of 30 3.75 In May 2021, the Company received an additional $ 499,900 As of June 30, 2024 and March 31, 2024, the Company recorded accrued interest of $ 17,149 26,497 Interest expense on the above loan was $ 8,141 8,141

DERIVATIVE LIABILITIES

DERIVATIVE LIABILITIES	3 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE LIABILITIES	8. DERIVATIVE LIABILITIES The Company analyzed the compound features of variable conversion and redemption embedded in the preferred shares instrument, for potential derivative accounting treatment on the basis of ASC 820 (Fair Value in Financial Instruments), ASC 815 (Accounting for Derivative Instruments and Hedging Activities), Emerging Issues Task Force (“EITF”) Issue No. 00–19 and EITF 07–05, and determined that the embedded derivatives should be bundled and valued as a single, compound embedded derivative, bifurcated from the underlying equity instrument, treated as a derivative liability, and measured at fair value. A roll-forward of activity is presented below for the three months ended June 30, 2024 and 2023: SCHEDULE OF DERIVATIVE LIABILITIES Fiscal Year 2025 Fiscal Year 2024 $ $ Derivative liabilities, beginning of period - March 31 1,435,668 759,065 New issuance [Note 9] 472,341 — Change in fair value of derivatives during period – June 30 300,438 (79,827 ) Reduction due to preferred shares converted [Note 9] (885,073 ) — Conversion to common shares End of derivative treatment of warrants Convertible note modification Convertible note redemption Derivative liabilities, end of period 1,323,374 679,238 The lattice methodology was used to value the derivative components of Series A Preferred Stock, using the following assumptions during the three months ended June 30, 2024 and 2023: SCHEDULE OF DERIVATIVE COMPONENTS VALUATION ASSUMPTIONS June 30, 2024 June 30, 2023 Dividend yield (%) 12 12 Risk-free rate for term (%) 5 5.1 4.7 13.7 Volatility (%) 91.2 118.3 71.9 119.1 Remaining terms (Years) 0.92 1.59 0.25 2.01 Stock price ($ per share) 0.9 1.14 0.98 3.82 The Monte Carlo simulation methodology was used to value the derivative components of Series B Preferred Stock, using the following assumptions during the three months ended June 30, 2024: June 30, 2024 Dividend yield (%) 12 Risk-free rate for term (%) 4.7 5.1 Volatility (%) 154.9 182.2 Remaining terms (Years) 1.22 2 Stock price ($ per share) 0.9 1.34 BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) In addition, the Company recorded derivative liabilities related to the conversion and redemption features of the convertible notes, as well as warrants that were issued in connection with the convertible notes (Note 5). Any noteholder and placement agent warrants that were issued after the finalization of exercise price was accounted for as equity. A roll-forward of activity is presented below for the three months ended June 30, 2024 and 2023: SCHEDULE OF DERIVATIVE LIABILITIES Fiscal Year 2025 Fiscal Year 2024 $ $ Balance beginning of period – March 31 991,866 1,008,216 New Issuance — 1,014,703 Conversion to common shares (475,616 ) — Change in fair value of derivative liabilities 6,416 (21,625 ) Convertible note redemption (6,559 ) (16,513 ) Balance end of period – June 30 516,107 1,984,781 The Monte-Carlo methodology was used to value the convertible note and warrant derivative components during the three months ended June 30, 2024 and 2023, using the following assumptions: SCHEDULE OF DERIVATIVE COMPONENTS VALUATION ASSUMPTIONS June 30, 2024 June 30, 2023 Risk-free rate for term (%) 5 5.2 4.2 5 Volatility (%) 91.2 120.5 93.8 126.6 Remaining terms (Years) 0.25 0.44 0.5 1.49 Stock price ($ per share) 0.9 1.45 0.46 0.7

STOCKHOLDERS_ DEFICIENCY

STOCKHOLDERS’ DEFICIENCY	3 Months Ended
	Jun. 30, 2024
Equity [Abstract]
STOCKHOLDERS’ DEFICIENCY	9. STOCKHOLDERS’ DEFICIENCY (a) Authorized and Issued Stock As at June 30, 2024, the Company is authorized to issue 125,000,000 125,000,000 0.001 10,000,000 10,000,000 0.001 20,000 20,000 0.001 600 600 0.001 At June 30, 2024, common shares and shares directly exchangeable into equivalent common shares that were issued and outstanding totaled 21,645,068 9,514,440 21,484,396 9,353,768 160,672 160,672 200 6,304 405 265 (b ) Series (A) Preferred Stock The number of Series A Preferred Stock issued and outstanding as of June 31, 2024 and 2023 was 200 6,304 The Series A Preferred Stock is junior to the Company’s existing undesignated preferred stock, and unless otherwise set forth in the applicable certificate of designations, shall be junior to any future issuance of preferred stock. The purchase price (the “Purchase Price”) for the Series A Preferred Stock to date has been $ 1,000 BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) Preferred Stock Dividends Dividends shall be paid at the rate of 12 Conversion The Series A Preferred Stock is convertible into shares of common stock commencing 24 months after the issuance date of the Series A Preferred Stock; on a monthly basis, up to 5 .001 15 15 Other Adjustments and Rights ● The Conversion Rate (and shares issuable upon conversion of the Series A Preferred Stock) will be appropriately adjusted to reflect stock splits, stock dividends business combinations and similar recapitalization. ● The Holders shall be entitled to a proportionate share of certain qualifying distributions on the same basis as if they were holders of the Company’s common stock on an as converted basis. Company Redemption The Company may redeem all or part of the outstanding Series A Preferred Stock after one year from the date of issuance by paying an amount equal to the aggregate Purchase Price paid, adjusted for any reduction in Series A Preferred Stock holdings, multiplied by 110 During the three months ended June 30, 2024, $ 6,104,444 1,071,542 8,952,170 7,984,463 11,039,142 3,054,679 (c) Series B Preferred Stock and Mezzanine Equity On September 19, 2023, the Company entered into a security purchase agreement (the “Purchase Agreement”) with an institutional investor (the “Investor”) for the issuance and sale of 220 shares of the Company’s newly designated Series B Convertible Preferred Stock, at a purchase price of $ 9,091 per share of Preferred Stock, and after accounted for other issuance related costs, the net proceeds received was in the amount of $ 1,900,000 . During the three months ended March 31, 2024, a further 110 925,000 165 1,312,532 BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) Pursuant to the initial Purchase Agreement, on September 19, 2023, the Company filed a certificate of designations of Series B Convertible Preferred Stock (the “Certificate of Designations”) with the Nevada Secretary of State designating 600 10,000 The Series B Preferred Stock, with respect to the payment of dividends, distributions and payments upon the liquidation, dissolution and winding up of the Company, ranks senior to all capital stock of the Company unless the holders of the majority of the outstanding shares of Series B Preferred Stock consent to the creation of other capital stock of the Company that is senior or equal in rank to the Series B Preferred Stock. Holders of Series B Preferred Stock will be entitled to receive cumulative dividends (“Dividends”), in shares of common stock or cash on the stated value at an annual rate of 8 15 Holders of Series B Preferred Stock will be entitled to convert shares of Series B Preferred Stock into a number of shares of common stock determined by dividing the stated value (plus any accrued but unpaid dividends and other amounts due) by the conversion price. The initial conversion price is $ 3.50 4.99 19.9 Holders may elect to convert shares of Series B Preferred Stock to common stock at an alternate conversion price equal to 80% (or 70% if the Company’s common stock is suspended from trading on or delisted from a principal trading market or if the Company has effected a reverse split of the common stock) of the lowest daily volume weighed average price of the common stock during the Alternate Conversion Measuring Period (as defined in the Certificate of Designations). In the event the Company receives a conversion notice that elects an alternate conversion price, the Company may, at its option, elect to satisfy its obligation under such conversion with payment in cash in an amount equal to 110% of the conversion amount. The Series B Preferred Stock will automatically convert to common stock upon the 24-month anniversary of the initial issuance date of the Series B Preferred Stock. At any time after the earlier of a holder’s receipt of a Triggering Event notice and such holder becoming aware of a Triggering Event and ending on the 20th trading day after the later of (x) the date such Triggering Event is cured and (y) such holder’s receipt of a Triggering Event notice, such holder may require the Company to redeem such holder’s shares of Series B Preferred Stock. Upon any Bankruptcy Triggering Event (as defined in the Certificate of Designations), the Company will be required to immediately redeem all of the outstanding shares of Series B Preferred Stock. The Company will have the right at any time to redeem all or any portion of the Series B Preferred Stock then outstanding at a price equal to 110 Holders of the Series B Preferred Stock will have the right to vote on an as-converted basis with the common stock, subject to the beneficial ownership limitation set forth in the Certificate of Designations. The Series B Preferred Stock was accounted for as Mezzanine Equity in accordance with ASC 480 - Distinguishing Liabilities from Equity BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) During the three months ended December 31, 2023, 40 612,062 228,727 16,789 119,359 During the three months ended March 31, 2024, 25 320,321 142,908 75,523 During the three months ended June 30, 2024, 25 Series B preferred shares and dividends accrued thereon were converted into 345,204 common shares. As a result of the conversion, the Company reduced the book value of mezzanine equity by $ 142,908 and reduced its accrued dividends liability by $ 12,219 . The Company also reduced the fair value of derivative liabilities by $ 76,595 A roll-forward of activity is presented below for the three months ended June 30, 2024: SCHEDULE OF SERIES B PREFERRED STOCK FOR MEZZANINE EQUITY Fiscal Year 2025 $ Balance beginning of year – March 31 1,488,920 Net proceeds received pursuant to the issuance of preferred shares 1,312,532 Recognition of derivative liabilities (Note 8) (472,341 ) Conversion into common shares (142,908 ) Balance end of year – June 30 2,186,203 (d) Share issuances Share issuances during the three months ended June 30, 2024 The Company issued 320,321 345,204 25 During the three months ended June 30, 2024, convertible notes with a face value of $ 1,387,700 1,344,709 common shares, and 287,802 shares to be issued, with a fair value of $ 2,208,599 2,077,762 notes converted, accrued interest of $ 214,446 475,616 130,837 During the three months ended June 30, 2024, $ 6,104,444 1,071,542 8,952,170 7,984,463 11,039,142 3,054,679 The Company issued 1,000,413 741,316 249,093 The Company issued 97,811 125,227 In addition, the Company issued 70,000 53,480 Share issuances during the three months ended June 30, 2023 None. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) (e) Shares to be issued Activity during the three months ended June 30, 2024 The Company issued 320,321 The Company issued 1,344,709 287,802 1,387,700 214,446 Activity during the three months ended June 30, 2023 None. (f) Warrant issuances, exercises and other activity Warrant exercises and issuances during the three months ended June 30, 2024 None. Warrant exercises and issuances during the three months ended June 30, 2023 None. Warrant activity during the three months ended June 30, 2024 is indicated below: SCHEDULE OF WARRANTS OUTSTANDING Broker Warrants Consultant and Noteholder Warrants Warrants Issued on Convertible Notes Total As at March 31, 2024 208,927 253,994 868,098 1,331,019 Beginning balance 208,927 253,994 868,098 1,331,019 Expired/cancelled — — — — Exercised — — — — Issued — — — — As at June 30, 2024 208,927 253,994 868,098 1,331,019 Ending balance 208,927 253,994 868,098 1,331,019 Exercise Price $ 2.09 22.50 $ 2.69 14.40 $ 4.18 Expiration Date August 2026 to October 2033 March 2029 to Dec 2032 October 2027 (g) Stock-based compensation 2016 Equity Incentive Plan On February 2, 2016, the Board of Directors of the Company approved the Company’s 2016 Equity Incentive Plan (the “Plan”). The purpose of the Plan is to advance the interests of the Company and its stockholders by providing an incentive to attract, retain and reward persons performing services for the Company and by motivating such persons to contribute to the growth and profitability of the Company. The Plan seeks to achieve this purpose by providing for awards in the form of options, stock appreciation rights, restricted stock purchase rights, restricted stock bonuses, restricted stock units, performance shares, performance units and other stock-based awards. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) The Plan shall continue in effect until its termination by the board of directors or committee formed by the board; provided, however, that all awards shall be granted, if at all, on or before the day immediately preceding the tenth (10th) anniversary of the effective date. The maximum number of shares of stock that may be issued under the Plan shall be equal to 1,241,422 During the three months ended June 30, 2024, and June 30, 2023, the Company granted 41,559 21,505 58,978 211,180 The following table summarizes the stock option activities during the three months ended June 30, 2024: SCHEDULE OF STOCK OPTION ACTIVITIES Number of Options Weighted Average Exercise Price Outstanding at March 31, 2024 1,239,873 $ 9.39 Granted 41,559 $ 18.78 Exercised — $ — Expired (54,219 ) $ 12.57 Forfeited (12,500 ) $ 8.28 Outstanding at June 30, 2024 1,214,713 $ 9.69 The fair value of each option granted is estimated at the time of grant using multi-nominal lattice model using the following assumptions, for each of the respective three month periods ended June 30: SCHEDULE OF FAIR VALUE OF OPTION GRANTED USING VALUATION ASSUMPTIONS June 30, June 30, Exercise price ($) 1.48 0.47 Risk free interest rate (%) 4.33 % 3.85 Expected term (Years) 5.5 6.5 10.0 Expected volatility (%) 107.7 109.8 % 117.1 Expected dividend yield (%) 0 0.00 Fair value of option ($) 0.689 0.733 0.384 Expected forfeiture (attrition) rate (%) 0 0.00 2023 Equity Incentive Plan and the Employee Stock Purchase Plans On March 31, 2023, the Company adopted the 2023 Equity Incentive Plan (the “2023 Plan”). The 2023 Plan authorizes grants of equity-based and incentive cash awards to eligible participants designated by the 2023 Plan’s administrator. The 2023 Plan will be administered by the Compensation Committee of the Company’s Board of Directors (the “Board”). An aggregate of 5,000,000 The Company also adopted the Employee Stock Purchase Plan (the “ESPP”). The ESPP allows eligible employees of the Company and the Company’s designated subsidiaries the ability to purchase shares of the Company’s Common Stock at a discount, subject to various limitations. Under the ESPP, employees will be granted the right to purchase Common Stock at a discount during a series of successive offerings, the duration and timing of which will be determined by the ESPP administrator (the “Administrator”). In no event can any single offering period be longer than 27 months. The purchase price (the “Purchase Price”) for each offering will be established by the Administrator. With respect to an offering under Section 423 of the Internal Revenue Code of 1986 (“Section 423 Offering”), in no case may such Purchase Price be less than the lesser of (i) an amount equal to 85 percent of the fair market value on the commencement date, or (ii) an amount not less than 85 percent of the fair market value the on the purchase date. In the event of financial hardship, an employee may withdraw from the ESPP by providing a request at least 20 Business Days before the end of the offering period (the “Offering Period”). Otherwise, the employee will be deemed to have exercised the purchase right in full as of such exercise date. Upon exercise, the employee will purchase the number of whole shares that the participant’s accumulated payroll deductions will buy at the Purchase Price. If an employee wants to decrease the rate of contribution, the employee must make a request at least 20 Business Days before the end of an Offering Period (or such earlier date as determined by the Administrator). An employee may not transfer any rights under the ESPP other than by will or the laws of descent and distribution. During a participant’s lifetime, purchase rights under the ESPP shall be exercisable only by the participant. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars)

OPERATING LEASE RIGHT-OF-USE AS

OPERATING LEASE RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS	3 Months Ended
	Jun. 30, 2024
Operating Lease Right-of-use Assets And Lease Obligations
OPERATING LEASE RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS	10. OPERATING LEASE RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS The Company has one operating lease primarily for office and administration. During December 2021, the Company entered into a new lease agreement. The Company paid $ 85,000 When measuring the lease obligations, the Company discounted lease payments using its incremental borrowing rate. The weighted-average-rate applied is 11.4 SCHEDULE OF OPERATING LEASES OBLIGATIONS Fiscal Year Fiscal Year Right of Use Asset $ $ Beginning balance at March 31 1,221,593 1,587,492 New leases — — Amortization (97,577 ) (87,801 ) Ending balance at June 30 1,124,016 1,499,691 2024 2023 Lease Liability $ $ Beginning balance at March 31 1,386,486 1,722,095 New leases — — Repayment and interest accretion, net (108,080 ) (94,074 ) Ending balance at June 30 1,278,406 1,628,021 BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) June 30, 2024 March 31, 2024 Lease Liability $ $ Current portion of operating lease liability 475,026 457,371 Noncurrent portion of operating lease liability 803,380 929,115 The operating lease expense was $ 148,885 138,734 145,338 141,105 The following table represents the contractual undiscounted cash flows for lease obligations as at June 30, 2024: SCHEDULE OF CONTRACTUAL UNDISCOUNTED CASH FLOWS FOR LEASE OBLIGATION Calendar year $ 2024 552,293 2025 600,288 2026 565,359 Total undiscounted lease liability 1,717,940 Less imputed interest (439,534 ) Total 1,278,406

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	11. COMMITMENTS AND CONTINGENCIES There are no claims against the Company that were assessed as significant, which were outstanding as at June 30, 2024 or March 31, 2024 and, consequently, no provision for such has been recognized in the condensed consolidated interim financial statements.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	12. PROPERTY AND EQUIPMENT During the year-ended March 31, 2022, the Company purchased leasehold improvements of $ 12,928 5 16,839 5 no 1,488 1,489 SCHEDULE OF PROPERTY AND EQUIPMENT Cost Office equipment Leasehold improvement Total $ $ $ Balance at March 31, 2024 16,839 12,928 29,767 Additions — — — Disposals — — — Balance at June 30, 2024 16,839 12,928 29,767 Accumulated depreciation Office equipment Leasehold improvement Total $ $ $ Balance at March 31, 2024 8,042 6,173 14,215 Depreciation for the period 844 644 1,488 Disposals — — — Balance at June 30, 2024 8,886 6,817 (15,703 ) Net book value Balance at March 31, 2024 8,797 6,755 15,552 Balance at June 30, 2024 7,953 6,111 14,064

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	13. SUBSEQUENT EVENTS The Company’s management has evaluated subsequent events during the period from July 1 to August 14, 2024, the date the condensed consolidated interim financial statements were issued, pursuant to the requirements of ASC 855, and has determined the following material subsequent events: ● During July 2024, the Company issued 250,736 ● During July and August 2024, the Company issued 719,512 25 ● On August 1, 2024, the Company received a notice from Nasdaq Capital Markets stating that Nasdaq determined it would delist the Company’s shares of common stock effective August 5, 2024, pursuant to Nasdaq Listing Rule 5550(b)(2), because the Company no longer complied with the minimum $ 35

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Revenue Recognition	Revenue Recognition The Company adopted Accounting Standards Codification Topic 606, “Revenue from Contracts with Customers” (“ASC 606”) on April 1, 2018. In accordance with ASC 606, revenue is recognized when promised goods or services are transferred to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services by applying the core principles – (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to performance obligations in the contract, and (5) recognize revenue as performance obligations are satisfied. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) Both the Bioflux mobile cardiac telemetry device, and the Biocore device are wearable devices. The cardiac data that the devices monitor and collect is curated and analyzed by the Company’s proprietary algorithms and then securely communicated to a remote monitoring facility for electronic reporting and conveyance to the patient’s prescribing physician or other certified cardiac medical professional. Revenues earned are comprised of device sales revenues and technology fee revenues (technology as a service). The devices, together with their licensed software, are available for sale to the medical center or physician, who is responsible for the delivery of clinical diagnosis and therapy. The remote monitoring, data collection and reporting services performed by the technology culminate in a patient study that is generally billable when it is complete and is issued to the physician. In order to recognize revenue, management considers whether or not the following criteria are met: persuasive evidence of a commercial arrangement exists, and delivery has occurred or services have been rendered. For sales of devices, which are invoiced directly, additional revenue recognition criteria include that the price is fixed and determinable and collectability is reasonably assured; for device sales contracts with terms of more than one year, the Company recognizes any significant financing component as revenue over the contractual period using the effective interest method, and the associated interest income is reflected accordingly on the statement of operations and included in other income; for revenue that is earned based on customer usage of the proprietary software to render a patient’s cardiac study, the Company recognizes revenue when the study ends based on a fixed billing rate. Costs associated with providing the services are recorded as the service is provided regardless of whether or when revenue is recognized. The Company may also earn service-related revenue from contracts with other counterparties with which it consults. This contract work is separate and distinct from services provided to clinical customers, but may be with a reseller or other counterparties that are working to establish their operations in foreign jurisdictions or ancillary products or market segments in which the Company has expertise and may eventually conduct business. The Company recognized the following forms of revenue for the three months ended June 30, 2024 and 2023: SCHEDULE OF REVENUE RECOGNITION 2024 2023 $ $ Technology fees 3,016,250 2,768,918 Device sales 185,493 251,847 Total 3,201,743 3,020,765
Inventories	Inventories Inventory is stated at the lower of cost and market value, cost being determined on a weighted average cost basis. Market value of our finished goods inventory and raw material inventory is determined based on its estimated net realizable value, which is generally the selling price less normally predictable costs of disposal and transportation. The Company records write-downs of inventory that is obsolete or in excess of anticipated demand or market value based on consideration of product lifecycle stage, technology trends, product development plans and assumptions about future demand and market conditions. Actual demand may differ from forecasted demand, and such differences may have a material effect on recorded inventory values. Inventory write-downs are charged to cost of revenue and establish a new cost basis for the inventory. SCHEDULE OF INVENTORIES June 30, 2024 March 31, 2024 $ $ Raw material 1,099,433 1,128,700 Finished goods 813,857 750,702 Inventories 1,913,290 1,879,402 BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars)
Significant accounting estimates and assumptions	Significant accounting estimates and assumptions The preparation of the condensed consolidated financial statements requires the use of estimates and assumptions to be made in applying the accounting policies that affect the reported amounts of assets, liabilities, revenue and expenses and the disclosure of contingent assets and liabilities. The estimates and related assumptions are based on previous experiences and other factors considered reasonable under the circumstances, the results of which form the basis for making the assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. Significant accounts that require estimates as the basis for determining the stated amounts include share-based compensation, impairment analysis and fair value of warrants, promissory notes, convertible notes and derivative liabilities: ● Fair value of stock options The Company measures the cost of equity-settled transactions with employees by reference to the fair value of equity instruments at the date at which they are granted. Estimating fair value for share-based payments requires determining the most appropriate valuation model for a grant of such instruments, which is dependent on the terms and conditions of the grant. The estimate also requires determining the most appropriate inputs to the Black-Scholes option pricing model, including the expected life of the instrument, risk-free rate, volatility, and dividend yield. ● Fair value of warrants In determining the fair value of the warrant issued for services and issue pursuant to financing transactions, the Company used the Black-Scholes option pricing model with the following assumptions: volatility rate, risk-free rate, and the remaining expected life of the warrants that are classified under equity. ● Fair value of derivative liabilities In determining the fair values of the derivative liabilities from the conversion and redemption features, the Company used Monte-Carlo and lattice models with the following assumptions: dividend yields, volatility, risk-free rate and the remaining expected life. Changes in those assumptions and inputs could in turn impact the fair value of the derivative liabilities and can have a material impact on the reported loss and comprehensive loss for the applicable reporting period. ● Functional currency Determining the appropriate functional currencies for entities in the Company requires analysis of various factors, including the currencies and country-specific factors that mainly influence labor, materials, and other operating expenses. ● Useful life of property and equipment The Company employs significant estimates to determine the estimated useful lives of property and equipment, considering industry trends such as technological advancements, past experience, expected use and review of asset useful lives. The Company makes estimates when determining depreciation methods, depreciation rates and asset useful lives, which requires considering industry trends and company-specific factors. The Company reviews depreciation methods, useful lives and residual values annually or when circumstances change and adjusts its depreciation methods and assumptions prospectively. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) ● Provisions Provisions are recognized when the Company has a present obligation, legal or constructive, as a result of a previous event, if it is probable that the Company will be required to settle the obligation, and a reliable estimate can be made of the obligation. The amount recognized is the best estimate of the expenditure required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligations. Provisions are reviewed at the end of each reporting period and adjusted to reflect the current best estimate of the expected future cash flows. ● Contingencies Contingencies can be either possible assets or possible liabilities arising from past events, which, by their nature, will be resolved only when one or more uncertain future events occur or fail to occur. The assessment of the existence and potential impact of contingencies inherently involves the exercise of significant judgment and the use of estimates regarding the outcome of future events. ● Inventory obsolescence Inventories are stated at the lower of cost and market value. Market value of our inventory, which is all purchased finished goods, is determined based on its estimated net realizable value, which is generally the selling price less normally predictable costs of disposal and transportation. The Company estimates net realizable value as the amount at which inventories are expected to be sold, taking into consideration fluctuations in retail prices less estimated costs necessary to make the sale. Inventories are written down to net realizable value when the cost of inventories is estimated to be unrecoverable due to obsolescence, damage, or declining selling prices. ● Income and other taxes The calculation of current and deferred income taxes requires the Company to make estimates and assumptions and to exercise judgment regarding the carrying values of assets and liabilities which are subject to accounting estimates inherent in those balances, the interpretation of income tax legislation across various jurisdictions, expectations about future operating results, the timing of reversal of temporary differences and possible audits of income tax filings by the tax authorities. In addition, when the Company incurs losses for income tax purposes, it assesses the probability of taxable income being available in the future based on its budgeted forecasts. These forecasts are adjusted to take into account certain non-taxable income and expenses and specific rules on the use of unused credits and tax losses. When the forecasts indicate that sufficient future taxable income will be available to deduct the temporary differences, a deferred tax asset is recognized for all deductible temporary differences. Changes or differences in underlying estimates or assumptions may result in changes to the current or deferred income tax balances on the consolidated balance sheets, a charge or credit to income tax expense included as part of net income (loss) and may result in cash payments or receipts. Judgment includes consideration of the Company’s future cash requirements in its tax jurisdictions. All income, capital and commodity tax filings are subject to audits and reassessments. Changes in interpretations or judgments may result in a change in the Company’s income, capital, or commodity tax provisions in the future. The amount of such a change cannot be reasonably estimated. ● Incremental borrowing rate for lease The determination of the Company’s lease obligation and right-of-use asset depends on certain assumptions, which include the selection of the discount rate. The discount rate is set by reference to the Company’s incremental borrowing rate. Significant assumptions are required to be made when determining which borrowing rates to apply in this determination. Changes in the assumptions used may have a significant effect on the Company’s consolidated financial statements. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars)
Earnings (Loss) Per Share	Earnings (Loss) Per Share The Company has adopted the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 260-10 which provides for calculation of “basic” and “diluted” earnings per share. Basic loss per share of common stock is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted earnings or loss per share of common stock is computed similarly to basic earnings or loss per share except the weighted average shares outstanding are increased to include additional shares from the assumed exercise of any common stock equivalents, if dilutive. The Company’s warrants, options, convertible promissory notes, convertible preferred stock, shares to be issued and restricted stock awards while outstanding are considered common stock equivalents for this purpose. Diluted earnings are computed utilizing the treasury method for the warrants, stock options, shares to be issued and restricted stock awards. Diluted earnings with respect to the convertible promissory notes and convertible preferred stock utilizing the if-converted method were not applicable during the periods presented as no conditions required for conversion had occurred. No incremental common stock equivalents were included in calculating diluted loss per share because such inclusion would be anti-dilutive given the net loss reported for the periods presented.
Cash	Cash Cash includes cash on hand and balances with banks.
Foreign Currency Translation	Foreign Currency Translation The functional currency of the Company’s Canadian-based subsidiary is the Canadian dollar, and the US-based parent is the U.S. dollar. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the consolidated balance sheet date. Non-monetary assets and liabilities are translated using the historical rate on the date of the transaction. All exchange gains or losses arising from translation of these foreign currency transactions are included in net income (loss) for the year. In translating the financial statements of the Company’s Canadian subsidiaries from their functional currency into the Company’s reporting currency of United States dollars, consolidated balance sheet accounts are translated using the closing exchange rate in effect at the balance sheet date and income and expense accounts are translated using an average exchange rate prevailing during the reporting period. Adjustments resulting from the translation, if any, are included in accumulated other comprehensive loss in stockholders’ deficiency. The Company has not, to the date of these condensed consolidated interim financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.
Accounts Receivable	Accounts Receivable Accounts receivable consists of amounts due to the Company from medical facilities, which receive reimbursement from institutions and third-party government and commercial payors and their related patients, as a result of the Company’s normal business activities. Accounts receivable is reported on the consolidated balance sheets net of an estimated allowance for doubtful accounts. The Company establishes an allowance for doubtful accounts for estimated uncollectible receivables based on historical experience, assessment of specific risk, review of outstanding invoices, and various assumptions and estimates that are believed to be reasonable under the circumstances, and recognizes the provision as a component of selling, general and administrative expenses. Uncollectible accounts are written off against the allowance after appropriate collection efforts have been exhausted and when it is deemed that a balance is uncollectible. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars)
Fair Value of Financial Instruments	Fair Value of Financial Instruments ASC 820 defines fair value, establishes a framework for measuring fair value and expands required disclosure about fair value measurements of assets and liabilities. ASC 820-10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820-10 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: ● Level 1 – Valuation based on quoted market prices in active markets for identical assets or liabilities. ● Level 2 – Valuation based on quoted market prices for similar assets and liabilities in active markets. ● Level 3 – Valuation based on unobservable inputs that are supported by little or no market activity, therefore requiring management’s best estimate of what market participants would use as fair value. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments or interest rates that are comparable to market rates. These financial instruments include cash, accounts receivable, deposits and other receivables, convertible promissory notes and short term loans, federally-guaranteed loans, term loans, accounts payable and accrued liabilities. The Company’s derivative liabilities are carried at fair values and are classified as Level 3 financial instruments. The Company’s bank accounts are maintained with financial institutions of reputable credit, therefore, bear minimal credit risk. The fair value of financial instruments measured on a recurring basis is as follows: SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS As of June 30, 2024 Description Total Level 1 Level 2 Level 3 Assets: Cash $ 100,731 $ 100,731 $ — $ — Total assets at fair value $ 100,731 $ 100,731 $ — $ — Liabilities: Derivative liabilities, short-term $ 516,107 $ — $ — $ 516,107 Derivative liabilities, long-term 1,323,374 — — 1,323,374 Total liabilities at fair value $ 1,839,481 $ — $ — $ 1,839,481 As of March 31, 2024 Description Total Level 1 Level 2 Level 3 Assets: Cash $ 786,060 $ 786,060 $ — $ — Total assets at fair value $ 786,060 $ 786,060 $ — $ — Liabilities: Derivative liabilities, short-term $ 991,866 $ — $ — $ 991,866 Derivative liabilities, long-term 1,435,668 — — 1,435,668 Total liabilities at fair value $ 2,427,534 $ — $ — $ 2,427,534 There were no transfers between fair value hierarchy levels during the three months ended June 30, 2024 and 2023. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars)
Property and Equipment	Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful lives of the assets. Maintenance and repairs are charged to expense as incurred, and improvements and betterments are capitalized. Depreciation of property and equipment is provided using the straight-line method for substantially all assets with estimated lives as follow: SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES Office equipment 5 Leasehold improvement 5
Impairment for Long-Lived Assets	Impairment for Long-Lived Assets The Company applies the provisions of ASC Topic 360, Property, Plant, and Equipment
Leases	Leases The Company is the lessee in a lease contract when the Company obtains the right to use the asset. Operating leases are included in the line items Operating right of use assets, Operating lease obligations, current, and Operating lease obligations, long-term in the consolidated balance sheet. Right-of-use (“ROU”) asset represents the Company’s right to use an underlying asset for the lease term and lease obligations represent the Company’s obligations to make lease payments arising from the lease, both of which are recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. Leases with a lease term of 12 months or less at inception are not recorded on the consolidated balance sheet and are expensed on a straight-line basis over the lease term in the consolidated statement of operations and comprehensive loss. The Company determines the lease term by agreement with lessor. As the Company’s lease does not provide implicit interest rate, the Company uses the Company’s incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. Refer to Note 12 for further discussion.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with ASC 740. The Company provides for Federal, State and Provincial income taxes payable, as well as for those deferred because of the timing differences between reporting income and expenses for consolidated financial statement purposes versus tax purposes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recoverable or settled. The effect of a change in tax rates is recognized as income or expense in the period of the change. A valuation allowance is established, when necessary, to reduce deferred income tax assets to the amount that is more likely than not to be realized.
Research and Development	Research and Development Research and development costs, which relate primarily to product and software development, are charged to operations as incurred. Under certain research and development arrangements with third parties, the Company may be required to make payments that are contingent on the achievement of specific developmental, regulatory and/or commercial milestones. Before a product receives regulatory approval, milestone payments made to third parties are expensed when the milestone is achieved . BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars)
Selling, General and Administrative	Selling, General and Administrative Selling, general and administrative expenses consist primarily of personnel-related costs including stock-based compensation for personnel in functions not directly associated with research and development activities. Other significant costs include sales and marketing costs, investor relations and legal costs relating to corporate matters, professional fees for consultants assisting with business development and financial matters, and office and administrative expenses.
Stock Based Compensation	Stock Based Compensation The Company accounts for share-based payments in accordance with the provision of ASC 718, which requires that all share-based payments issued to acquire goods or services, including grants of employee stock options, be recognized in the consolidated statements of operations and comprehensive loss based on their fair values, net of estimated forfeitures. ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Compensation expense related to share-based awards is recognized over the requisite service period, which is generally the vesting period. The Company accounts for stock based compensation awards issued to non-employees for services, as prescribed by ASC 718-10, at either the fair value of the services rendered or the instruments issued in exchange for such services, whichever is more readily determinable, using the guidelines in ASC 505-50. The Company issues compensatory shares for services including, but not limited to, executive, management, accounting, operations, corporate communication, financial and administrative consulting services.
Convertible Notes Payable and Derivative Instruments	Convertible Notes Payable and Derivative Instruments The Company has adopted the provisions of ASU 2017-11 to account for the down round features of warrants issued with private placements effective as of April 1, 2017. In doing so, warrants with a down round feature previously treated as derivative liabilities in the consolidated balance sheet and measured at fair value are henceforth treated as equity, with no adjustment for changes in fair value at each reporting period. Previously, the Company accounted for conversion options embedded in convertible notes in accordance with ASC 815. ASC 815 generally requires companies to bifurcate conversion options embedded in convertible notes from their host instruments and to account for them as free-standing derivative financial instruments. ASC 815 provides for an exception to this rule when convertible notes, as host instruments, are deemed to be conventional, as defined by ASC 815-40. The Company accounts for convertible notes deemed conventional and conversion options embedded in non-conventional convertible notes which qualify as equity under ASC 815, in accordance with the provisions of ASC 470-20, which provides guidance on accounting for convertible securities with beneficial conversion features. Accordingly, the Company records, as a discount to convertible notes, the intrinsic value of such conversion options based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt.
Series B Convertible Preferred Stock	Series B Convertible Preferred Stock The Series B convertible preferred stock (“Series B Preferred Stock”) was accounted for as mezzanine equity and the embedded conversion and redemption features was accounted for as derivative liabilities with change in fair value at each reporting period end charged to the consolidated statement of operation and comprehensive loss in accordance with ASC 480 and ASC 815.
Preferred Shares Extinguishments	Preferred Shares Extinguishments The Company accounted for preferred stock redemptions and conversions in accordance to ASU-260-10-S99. For preferred stock redemptions and conversion, the difference between the fair value of consideration transferred to the holders of the preferred stock and the carrying amount of the preferred stock is accounted as deemed dividend distribution and subtracted from net loss.
Segment Information	Segment Information Operating segments are defined as components of an entity where discrete financial information is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assessing performance. The Company has identified its Chief Executive Officer (“CEO”) as the chief operating decision maker (“CODM”). The Company operates in one operating segment. The Company’s CODM allocates resources and assesses performance at the consolidated level. The Company’s property and equipment and operating right of use lease asset are in the United States as of June 30, 2024 and 2023. BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars)
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments.” This pronouncement, along with subsequent ASUs issued to clarify provisions of ASU 2016-13, changes the impairment model for most financial assets and will require the use of an “expected loss” model for instruments measured at amortized cost. Under this model, entities will be required to estimate the lifetime expected credit loss on such instruments and record an allowance to offset the amortized cost basis of the financial asset, resulting in a net presentation of the amount expected to be collected on the financial asset. In developing the estimate for lifetime expected credit loss, entities must incorporate historical experience, current conditions, and reasonable and supportable forecasts. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019. On November 19, 2019, the FASB issued ASU No. 2019-10, Financial Instruments—Credit Losses (Topic 326), finalized various effective date delays for private companies, not-for-profit organizations, and certain smaller reporting companies applying the credit losses (CECL), the revised effective for fiscal years beginning after December 15, 2022. The Company has adopted Topic 326 on the Company’s consolidated financial statements according to the effective date and the adoption has no significant impact on the Company’s consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. ASU 2019-12 is effective for fiscal years beginning after December 15, 2021. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. There is no significant impact from adopting ASU 2019-12 on the Company’s financial condition, results of operations, and cash flows. In April 2021, The FASB issued ASU 2021-04 to codify the final consensus reached by the Emerging Issues Task Force (EITF) on how an issuer should account for modifications made to equity-classified written call options (hereafter referred to as a warrant to purchase the issuer’s common stock). The guidance in the ASU requires the issuer to treat a modification of an equity-classified warrant that does not cause the warrant to become liability-classified as an exchange of the original warrant for a new warrant. This guidance applies whether the modification is structured as an amendment to the terms and conditions of the warrant or as termination of the original warrant and issuance of a new warrant. The Company adopted this guidance for the fiscal year beginning April 1, 2022. There is no significant impact from adopting ASU 2021-04 on the Company’s financial condition, results of operations, and cash flows. On March 28, 2023, the FASB issued ASU No. 2023-01, Leases (Topic 842): Common Control Arrangements. ASU 2023-01 is designed to clarify the accounting for leasehold improvements associated with common control leases, thereby reducing diversity in practice. The new standard is effective for the Company for its fiscal year beginning January 1, 2024, with early adoption permitted. There is no significant impact from adopting ASU No. 2023-01 on the Company’s financial condition, results of operations, and cash flows. In November 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”) to improve the disclosures regarding a public entity’s reportable segments and address requests from investors for additional, more detailed information about a reportable segment’s expenses. The Company is required to adopt the guidance in the fourth quarter of fiscal 2025, though early adoption is permitted. There is no significant impact from adopting ASU 2023-07 on the Company’s financial condition, results of operations, and cash flows. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures (“ASU 2023-09”) to provide disaggregated income tax disclosures on rate reconciliation and income taxes paid. The Company is required to adopt the guidance in the fourth quarter of fiscal 2026, though early adoption is permitted. The Company is currently evaluating the impact of this amendment on its consolidated financial statements. The Company continues to evaluate the impact of the new accounting pronouncement, including enhanced disclosure requirements, on our business processes, controls and systems.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
SCHEDULE OF REVENUE RECOGNITION	The Company recognized the following forms of revenue for the three months ended June 30, 2024 and 2023: SCHEDULE OF REVENUE RECOGNITION 2024 2023 $ $ Technology fees 3,016,250 2,768,918 Device sales 185,493 251,847 Total 3,201,743 3,020,765
SCHEDULE OF INVENTORIES	SCHEDULE OF INVENTORIES June 30, 2024 March 31, 2024 $ $ Raw material 1,099,433 1,128,700 Finished goods 813,857 750,702 Inventories 1,913,290 1,879,402
SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS	The fair value of financial instruments measured on a recurring basis is as follows: SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS As of June 30, 2024 Description Total Level 1 Level 2 Level 3 Assets: Cash $ 100,731 $ 100,731 $ — $ — Total assets at fair value $ 100,731 $ 100,731 $ — $ — Liabilities: Derivative liabilities, short-term $ 516,107 $ — $ — $ 516,107 Derivative liabilities, long-term 1,323,374 — — 1,323,374 Total liabilities at fair value $ 1,839,481 $ — $ — $ 1,839,481 As of March 31, 2024 Description Total Level 1 Level 2 Level 3 Assets: Cash $ 786,060 $ 786,060 $ — $ — Total assets at fair value $ 786,060 $ 786,060 $ — $ — Liabilities: Derivative liabilities, short-term $ 991,866 $ — $ — $ 991,866 Derivative liabilities, long-term 1,435,668 — — 1,435,668 Total liabilities at fair value $ 2,427,534 $ — $ — $ 2,427,534

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	3 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES As at June 30, 2024 As at March 31, 2024 $ $ Trade and other payables 4,811,090 5,081,992 Accrued liabilities 3,199,402 4,369,576 Deferred revenue 79,013 21,550 Total 8,089,505 9,473,118

DERIVATIVE LIABILITIES (Tables)

DERIVATIVE LIABILITIES (Tables)	3 Months Ended
	Jun. 30, 2024
Debt Instrument [Line Items]
SCHEDULE OF DERIVATIVE LIABILITIES	SCHEDULE OF DERIVATIVE LIABILITIES Fiscal Year 2025 Fiscal Year 2024 $ $ Derivative liabilities, beginning of period - March 31 1,435,668 759,065 New issuance [Note 9] 472,341 — Change in fair value of derivatives during period – June 30 300,438 (79,827 ) Reduction due to preferred shares converted [Note 9] (885,073 ) — Conversion to common shares End of derivative treatment of warrants Convertible note modification Convertible note redemption Derivative liabilities, end of period 1,323,374 679,238
SCHEDULE OF DERIVATIVE COMPONENTS VALUATION ASSUMPTIONS	The lattice methodology was used to value the derivative components of Series A Preferred Stock, using the following assumptions during the three months ended June 30, 2024 and 2023: SCHEDULE OF DERIVATIVE COMPONENTS VALUATION ASSUMPTIONS June 30, 2024 June 30, 2023 Dividend yield (%) 12 12 Risk-free rate for term (%) 5 5.1 4.7 13.7 Volatility (%) 91.2 118.3 71.9 119.1 Remaining terms (Years) 0.92 1.59 0.25 2.01 Stock price ($ per share) 0.9 1.14 0.98 3.82 The Monte Carlo simulation methodology was used to value the derivative components of Series B Preferred Stock, using the following assumptions during the three months ended June 30, 2024: June 30, 2024 Dividend yield (%) 12 Risk-free rate for term (%) 4.7 5.1 Volatility (%) 154.9 182.2 Remaining terms (Years) 1.22 2 Stock price ($ per share) 0.9 1.34
Convertible Debt [Member]
Debt Instrument [Line Items]
SCHEDULE OF DERIVATIVE LIABILITIES	SCHEDULE OF DERIVATIVE LIABILITIES Fiscal Year 2025 Fiscal Year 2024 $ $ Balance beginning of period – March 31 991,866 1,008,216 New Issuance — 1,014,703 Conversion to common shares (475,616 ) — Change in fair value of derivative liabilities 6,416 (21,625 ) Convertible note redemption (6,559 ) (16,513 ) Balance end of period – June 30 516,107 1,984,781
SCHEDULE OF DERIVATIVE COMPONENTS VALUATION ASSUMPTIONS	The Monte-Carlo methodology was used to value the convertible note and warrant derivative components during the three months ended June 30, 2024 and 2023, using the following assumptions: SCHEDULE OF DERIVATIVE COMPONENTS VALUATION ASSUMPTIONS June 30, 2024 June 30, 2023 Risk-free rate for term (%) 5 5.2 4.2 5 Volatility (%) 91.2 120.5 93.8 126.6 Remaining terms (Years) 0.25 0.44 0.5 1.49 Stock price ($ per share) 0.9 1.45 0.46 0.7

STOCKHOLDERS_ DEFICIENCY (Table

STOCKHOLDERS’ DEFICIENCY (Tables)	3 Months Ended
	Jun. 30, 2024
Equity [Abstract]
SCHEDULE OF SERIES B PREFERRED STOCK FOR MEZZANINE EQUITY	SCHEDULE OF SERIES B PREFERRED STOCK FOR MEZZANINE EQUITY Fiscal Year 2025 $ Balance beginning of year – March 31 1,488,920 Net proceeds received pursuant to the issuance of preferred shares 1,312,532 Recognition of derivative liabilities (Note 8) (472,341 ) Conversion into common shares (142,908 ) Balance end of year – June 30 2,186,203
SCHEDULE OF WARRANTS OUTSTANDING	Warrant activity during the three months ended June 30, 2024 is indicated below: SCHEDULE OF WARRANTS OUTSTANDING Broker Warrants Consultant and Noteholder Warrants Warrants Issued on Convertible Notes Total As at March 31, 2024 208,927 253,994 868,098 1,331,019 Beginning balance 208,927 253,994 868,098 1,331,019 Expired/cancelled — — — — Exercised — — — — Issued — — — — As at June 30, 2024 208,927 253,994 868,098 1,331,019 Ending balance 208,927 253,994 868,098 1,331,019 Exercise Price $ 2.09 22.50 $ 2.69 14.40 $ 4.18 Expiration Date August 2026 to October 2033 March 2029 to Dec 2032 October 2027
SCHEDULE OF STOCK OPTION ACTIVITIES	The following table summarizes the stock option activities during the three months ended June 30, 2024: SCHEDULE OF STOCK OPTION ACTIVITIES Number of Options Weighted Average Exercise Price Outstanding at March 31, 2024 1,239,873 $ 9.39 Granted 41,559 $ 18.78 Exercised — $ — Expired (54,219 ) $ 12.57 Forfeited (12,500 ) $ 8.28 Outstanding at June 30, 2024 1,214,713 $ 9.69
SCHEDULE OF FAIR VALUE OF OPTION GRANTED USING VALUATION ASSUMPTIONS	The fair value of each option granted is estimated at the time of grant using multi-nominal lattice model using the following assumptions, for each of the respective three month periods ended June 30: SCHEDULE OF FAIR VALUE OF OPTION GRANTED USING VALUATION ASSUMPTIONS June 30, June 30, Exercise price ($) 1.48 0.47 Risk free interest rate (%) 4.33 % 3.85 Expected term (Years) 5.5 6.5 10.0 Expected volatility (%) 107.7 109.8 % 117.1 Expected dividend yield (%) 0 0.00 Fair value of option ($) 0.689 0.733 0.384 Expected forfeiture (attrition) rate (%) 0 0.00

OPERATING LEASE RIGHT-OF-USE _2

OPERATING LEASE RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS (Tables)	3 Months Ended
	Jun. 30, 2024
Operating Lease Right-of-use Assets And Lease Obligations
SCHEDULE OF OPERATING LEASES OBLIGATIONS	SCHEDULE OF OPERATING LEASES OBLIGATIONS Fiscal Year Fiscal Year Right of Use Asset $ $ Beginning balance at March 31 1,221,593 1,587,492 New leases — — Amortization (97,577 ) (87,801 ) Ending balance at June 30 1,124,016 1,499,691 2024 2023 Lease Liability $ $ Beginning balance at March 31 1,386,486 1,722,095 New leases — — Repayment and interest accretion, net (108,080 ) (94,074 ) Ending balance at June 30 1,278,406 1,628,021 BIOTRICITY INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 (Unaudited) (Expressed in US dollars) June 30, 2024 March 31, 2024 Lease Liability $ $ Current portion of operating lease liability 475,026 457,371 Noncurrent portion of operating lease liability 803,380 929,115
SCHEDULE OF CONTRACTUAL UNDISCOUNTED CASH FLOWS FOR LEASE OBLIGATION	The following table represents the contractual undiscounted cash flows for lease obligations as at June 30, 2024: SCHEDULE OF CONTRACTUAL UNDISCOUNTED CASH FLOWS FOR LEASE OBLIGATION Calendar year $ 2024 552,293 2025 600,288 2026 565,359 Total undiscounted lease liability 1,717,940 Less imputed interest (439,534 ) Total 1,278,406

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT	SCHEDULE OF PROPERTY AND EQUIPMENT Cost Office equipment Leasehold improvement Total $ $ $ Balance at March 31, 2024 16,839 12,928 29,767 Additions — — — Disposals — — — Balance at June 30, 2024 16,839 12,928 29,767 Accumulated depreciation Office equipment Leasehold improvement Total $ $ $ Balance at March 31, 2024 8,042 6,173 14,215 Depreciation for the period 844 644 1,488 Disposals — — — Balance at June 30, 2024 8,886 6,817 (15,703 ) Net book value Balance at March 31, 2024 8,797 6,755 15,552 Balance at June 30, 2024 7,953 6,111 14,064

SCHEDULE OF REVENUE RECOGNITION

SCHEDULE OF REVENUE RECOGNITION (Details) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Product Information [Line Items]
Total	$ 3,201,743	$ 3,020,765
Technology Fees [Member]
Product Information [Line Items]
Total	3,016,250	2,768,918
Device Sales [Member]
Product Information [Line Items]
Total	$ 185,493	$ 251,847

SCHEDULE OF INVENTORIES (Detail

SCHEDULE OF INVENTORIES (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Accounting Policies [Abstract]
Raw material	$ 1,099,433	$ 1,128,700
Finished goods	813,857	750,702
Inventories	$ 1,913,290	$ 1,879,402

SCHEDULE OF FAIR VALUE OF FINAN

SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Platform Operator, Crypto Asset [Line Items]
Cash	$ 100,731	$ 786,060
Total assets at fair value	100,731	786,060
Derivative liabilities, short-term	516,107	991,866
Derivative liabilities, long-term	1,323,374	1,435,668
Total liabilities at fair value	1,839,481	2,427,534
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto Asset [Line Items]
Cash	100,731	786,060
Total assets at fair value	100,731	786,060
Derivative liabilities, short-term
Derivative liabilities, long-term
Total liabilities at fair value
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto Asset [Line Items]
Cash
Total assets at fair value
Derivative liabilities, short-term
Derivative liabilities, long-term
Total liabilities at fair value
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto Asset [Line Items]
Cash
Total assets at fair value
Derivative liabilities, short-term	516,107	991,866
Derivative liabilities, long-term	1,323,374	1,435,668
Total liabilities at fair value	$ 1,839,481	$ 2,427,534

BASIS OF PRESENTATION, MEASUR_2

BASIS OF PRESENTATION, MEASUREMENT AND CONSOLIDATION (Details Narrative) - USD ($)				3 Months Ended			12 Months Ended
	Sep. 19, 2023	Jul. 19, 2023	Jun. 29, 2023	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023
Accumulated deficit				$ 134,448,077	$ 127,499,785		$ 127,499,785
Working capital deficiency				16,485,643
Proceeds from Short-Term Debt				$ (837,606)		$ 479,656	853,030	$ 1,476,121
Debt Conversion, Converted Instrument, Amount							$ 2,962,386	$ 2,355,318
Number of stock issued during the period convertible, shares				97,811			36,897
[custom:GrossProceedsFromIssuanceOfCommonStock]				$ 125,227			$ 123,347
Proceeds from Issuance of Common Stock				$ 125,221			$ 119,285
Placement fee percentage							3%
Preferred Stock, Par or Stated Value Per Share				$ 0.001
Proceeds from Issuance of Preferred Stock and Preference Stock				$ 1,312,532
Stock Issued During Period, Value, New Issues
Stock Issued During Period, Value, Conversion of Convertible Securities				231,722
Lender [Member]
Stock Issued During Period, Value, Conversion of Convertible Securities				$ 300,000
Series B Preferred Stock [Member]
Preferred Stock, Shares Issued	220			405
Preferred Stock, Par or Stated Value Per Share	$ 0.001			$ 0.001
Preferred Stock, Redemption Price Per Share	$ 9,091
Proceeds from Debt, Net of Issuance Costs	$ 2,000,000
Proceeds from Issuance of Preferred Stock and Preference Stock	$ 1,900,000
Common Stock [Member]
Stockholders equity reverse stock split			one-for-six (1-for-6) share consolidation (the “Reverse Split”)
Issuance of common shares to adjust for rounding effect of reverse split, shares		20,846
Stock Issued During Period, Shares, New Issues				320,321
Stock Issued During Period, Value, New Issues				$ 320
Stock Issued During Period, Value, Conversion of Convertible Securities				$ 345
Preferred Stock [Member]
Preferred Stock, Shares Issued				1	1		1
Preferred Stock, Par or Stated Value Per Share				$ 0.001	$ 0.001		$ 0.001
Preferred Stock [Member] | Series B Preferred Stock [Member]
Stock Issued During Period, Shares, New Issues				165	110
Stock Issued During Period, Value, New Issues				$ 1,312,532	$ 925,000

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	Jun. 30, 2024	Mar. 31, 2022
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years	5 years

SCHEDULE OF ACCOUNTS PAYABLE AN

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Payables and Accruals [Abstract]
Trade and other payables	$ 4,811,090	$ 5,081,992
Accrued liabilities	3,199,402	4,369,576
Deferred revenue	79,013	21,550
Total	$ 8,089,505	$ 9,473,118

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details Narrative) - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Payables and Accruals [Abstract]
Trade and other payables and accrued liabilities	$ 246,058	$ 837,945

CONVERTIBLE PROMISSORY NOTES _2

CONVERTIBLE PROMISSORY NOTES AND SHORT TERM LOANS (Details Narrative 2)	3 Months Ended
	Jun. 30, 2024 USD ($)
Series C Notes [Member]
Short-Term Debt [Line Items]
Proceeds from convertible debt	$ 1,100,430

CONVERTIBLE PROMISSORY NOTES _3

CONVERTIBLE PROMISSORY NOTES AND SHORT TERM LOANS (Details Narrative) - USD ($)														1 Months Ended			3 Months Ended		12 Months Ended				15 Months Ended
	Jun. 17, 2024	Feb. 02, 2024	Jan. 09, 2024	Dec. 08, 2023	Oct. 25, 2023	Oct. 23, 2023	Aug. 11, 2023	Jul. 18, 2023	Jul. 13, 2023	Mar. 29, 2023	Jan. 23, 2023	Dec. 30, 2022	Dec. 21, 2021	Feb. 29, 2024	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2024	Jan. 31, 2024	Sep. 25, 2023
Short-Term Debt [Line Items]
Debt conversion description																				The redemption price was determined in accordance to the Series B note agreement, where the Company has an option to redeem the note at 115% of its principal value instead of converting the note upon receipt of a conversion notice. The difference between the redemption cash payment and the book value of the note redeemed, including the derivative liability associated to the note
Deferred finance costs													$ 193,437
Debt converted amount																			$ 2,962,386	$ 2,355,318
Debt face amount													$ 12,400,000
Adjustment for amortization																		$ 15,836
Warrants issued													57,536
Gains losses on extinguishment of debt																	(127,611)	6,448
Derivative liabilities																	516,107		991,866				$ 516,107
Instrument amount																	2,208,599
Derivative liability																	1,323,374		1,435,668				1,323,374
Gross proceeds																	(837,606)	479,656	853,030	1,476,121
Maturity date													Dec. 21, 2026
[custom:FinanceCharges]																			50,000
Interest Payable, Current																	972,008		795,656				972,008
Line of credit facility, revolving credit conversion to term loan, description															In assigning the selling accounts receivables to the revolving loan lender, the Company is receiving 85% of their value as an advance of its regular collection of those receivables, limited to $1.2 million in financing, and expects to receive the remaining balance as part of normal collection activities.
Financing receivables															$ 1,200,000			1,200,000
Inventory															300,000			300,000	125,000
Accounts receivable, net																	1,398,111		1,286,792
Principal outstanding																	1,411,792						1,411,792
Interest expense																	105,233	45,217
Short Term Loan Agreement [Member]
Short-Term Debt [Line Items]
Interest rate																								12%
Debt instrument carrying amount																	140,000		140,000				140,000
Interest payable																	6,996						6,996
Debt face amount																								$ 140,000
Interest expense related to short term loan																	6,996
Promissory Note Agreement [Member]
Short-Term Debt [Line Items]
Debt instrument carrying amount																	660,504		660,504				660,504
Revolving Credit Facility [Member]
Short-Term Debt [Line Items]
Interest payable																	23,979						23,979
Eighteen Month Anniversary [Member]
Short-Term Debt [Line Items]
Interest rate					12%																				12%
Debt converted amount					$ 250,000
Debt face amount																									$ 1,000,000
Twenty Four Month Anniversary [Member]
Short-Term Debt [Line Items]
Interest rate	0%		8%
Debt converted amount	$ 300,000		$ 114,303
Other Convertible Notes Payable [Member]
Short-Term Debt [Line Items]
Interest rate											10%
Convertible notes payable											$ 2,000,000
Convertible notes payable											45,045
Convertible notes payable											$ 221,621
Notes Payable, Other Payables [Member]
Short-Term Debt [Line Items]
Adjustment for amortization																		55,254
Series A Preferred Stock [Member]
Short-Term Debt [Line Items]
Debt face amount																	$ 6,104,444						6,104,444
Converted instrument shares issued																	8,952,170
Convertible notes payable																	$ 821,500						821,500
Convertible notes payable remaining																	$ 821,500		821,500				821,500
Series B Preferred Stock [Member]
Short-Term Debt [Line Items]
Debt conversion description																	Holders may elect to convert shares of Series B Preferred Stock to common stock at an alternate conversion price equal to 80% (or 70% if the Company’s common stock is suspended from trading on or delisted from a principal trading market or if the Company has effected a reverse split of the common stock) of the lowest daily volume weighed average price of the common stock during the Alternate Conversion Measuring Period (as defined in the Certificate of Designations). In the event the Company receives a conversion notice that elects an alternate conversion price, the Company may, at its option, elect to satisfy its obligation under such conversion with payment in cash in an amount equal to 110% of the conversion amount.
Convertible notes payable																	$ 157,720						157,720
Convertible notes payable remaining																	$ 5,343		22,010				$ 5,343
Series A Convertible Note Holders [Member]
Short-Term Debt [Line Items]
Warrants issued												51,101
Warrant [Member] | Placement Agent [Member]
Short-Term Debt [Line Items]
Placement agent fees description																						The Company was also obligated to issue warrants to the placement agent that have a 10-year term and cover 12% of funds raised for $8,925,550 (face value) of the notes (first series) and 2.5% of funds raised for the remaining $2,350,000 (face value) of notes (second series), with an exercise price that is 120% of the 20-day volume weighted average price of the Company’s common shares at the time final closing. On final closing, which occurred on January 8, 2021, the warrants’ exercise price was struck at $6.36 per share
Preferred Stock [Member]
Short-Term Debt [Line Items]
Interest rate																	15%						15%
Interest payable																	$ 8,532		4,103				$ 8,532
Interest expense
Two Series A Notes [Member]
Short-Term Debt [Line Items]
Issuance of debt																						$ 11,275,500
Interest rate																						12%
Two Series A Notes [Member] | Warrant [Member]
Short-Term Debt [Line Items]
Placement agent fees description																						The Company was obligated to issue warrants that accompany the convertible notes and provide 50% warrant coverage. The warrants have a 3-year term from date of issuance and an exercise price that is 120% of the 20-day volume weighted average price of the Company’s common shares at the time final closing
Series A Notes One [Member]
Short-Term Debt [Line Items]
Description of conversion terms for debt instrument																						(i) the Outstanding Balance divided by (ii) 75% of the volume weighted average price of the Common Stock for the 5 trading days prior to the Conversion Date (the conversion price).
Debt conversion description																						the notes would automatically convert into common stock (in each case, subject to the trading volume of the Company’s common stock being a minimum of $500,000 for each trading day in the 20 consecutive trading days immediately preceding the conversion date), upon the earlier to occur of (i) the Company’s common stock being listed on a national securities exchange, in which event the conversion price would be equal to 75% of the volume weighted average price of the common stock for the 20 trading days prior to the conversion date, or (ii) upon the closing of the Company’s next equity round of financing for gross proceeds of greater than $5,000,000, in which event the conversion price would be equal to 75% of the price per share of the common stock (or of the conversion price in the event of the sale of securities convertible into common stock) sold in such financing. The Company could, at its discretion, redeem the notes for 115% of their face value plus accrued interest.
Series A Notes One [Member] | Placement Agent [Member]
Short-Term Debt [Line Items]
Placement agent fees description																						The Company was obligated to pay the placement agent of the first series of Series A Notes a 12% cash fee for $8,925,500 (face value) of the notes and 2.5% cash fee and other sundry expenses for the remaining $2,350,000 (face value) of the notes
Series A Notes Two [Member]
Short-Term Debt [Line Items]
Debt conversion description																						the notes would automatically convert into common stock (in each case, subject to the trading volume of the Company’s common stock being a minimum of $500,000 for each trading day in the 20 consecutive trading days immediately preceding the conversion date), upon the earlier to occur of (i) the Company’s common stock being listed on a national securities exchange, in which event the conversion price would be equal to the lower of $24.00 per share or 75% of the volume weighted average price of the common stock for the 20 trading days prior to the conversion date, or (ii) upon the closing of the Company’s next equity round of financing for gross proceeds of greater than $5,000,000, in which event the conversion price would be equal to the lower of $24.00 per share or 75% of the price per share of the common stock (or of the conversion price in the event of the sale of securities convertible into common stock) sold in such financing. The Company could, at its discretion, redeem the notes for 115% of their face value plus accrued interest
Conversion price																						$ 24
Volume weighted average price of common stock, percent																						75%
Series A Notes [Member]
Short-Term Debt [Line Items]
Deferred finance costs																					$ 2,301,854
Unamortized issuance cost discount																					8,088,003
Debt converted amount																					10,575,500
Debt face amount																					700,000
Series A Notes [Member] | Additional Collateralized Bridge Loan Agreement [Member]
Short-Term Debt [Line Items]
Deferred finance costs								$ 28,000
Series A Note [Member]
Short-Term Debt [Line Items]
Debt instrument carrying amount												$ 500,000
Interest payable																	198,339		173,762				198,339
Interest expense																	20,567	24,577
New Convertible Note [Member]
Short-Term Debt [Line Items]
Interest rate												12%
Debt instrument carrying amount												$ 621,500
Interest payable												$ 121,500
Debt instrument interest rate during period												75%
Series B Notes [Member]
Short-Term Debt [Line Items]
Debt conversion description																						The Series B Notes will automatically convert into common stock upon a merger, consolidation, exchange of shares, recapitalization, reorganization, as a result of which the Company’s common stock shall be changed into another class or classes of stock of the Company or another entity, or in the case of the sale of all or substantially all of the assets of the Company other than a complete liquidation of the Company. Within the first 180 days after the issuance date, the Company may, at its discretion, redeem the notes for 115% of their face value plus accrued interest. The Company is obligated to issue warrants that accompany the convertible notes and provide 50% warrant coverage.
Deferred finance costs																					10,000
Unamortized issuance cost discount																					1,312,500
Debt converted amount																				$ 555,600	472,500
Debt face amount															50,327			50,327			$ 840,000
Convertible note issuances																						$ 1,240,000
Converted instrument shares issued																				126,833	34,586
Debt instrument periodic payment																				$ 126,680
Cash payment																				145,682
Convertible notes payable																				$ 24,408
Derivative liabilities															$ 16,513		6,559	16,513	45,681				6,559
Series B Notes [Member] | Accredited Investors [Member]
Short-Term Debt [Line Items]
Debt face amount																						$ 1,312,500
Series B Notes [Member] | Warrant [Member]
Short-Term Debt [Line Items]
Warrants and rights outstanding term																						3 years
Series B Notes [Member] | Warrant One [Member]
Short-Term Debt [Line Items]
Exercise Price																						$ 6.36
Warrants issued																						100,000
Series B Notes [Member] | Warrant Two [Member]
Short-Term Debt [Line Items]
Exercise Price																						$ 9
Warrants issued																						35,417
Series B Note [Member]
Short-Term Debt [Line Items]
Interest payable																	88,821		88,602				$ 88,821
Interest expense																	219	1,669
Redemption of convertible notes																	16,667	50,327	135,710
Payment redeemed cash																	20,000	60,392	162,851
Gains losses on extinguishment of debt																	3,226	6,448	18,540
Series C Notes [Member]
Short-Term Debt [Line Items]
Issuance of debt																	$ 1,812,700
Interest rate																	15%						15%
Description of conversion terms for debt instrument																	(i) seventy-five percent (75%) of the VWAP for the five (5) Trading Days prior to the Conversion Date, or (ii) eighty percent (80%) of the gross sale price per share of Common Stock (or conversion or exercise price per share of Common Stock of any Common Stock Equivalents) sold in a Qualified Financing
Debt conversion description																	the notes would convert into common stock at the applicable “Mandatory Conversion Price”, if either (i) on each of any twenty (20) consecutive Trading Days (the “Measurement Period”) (A) the closing price of the Common Stock on the applicable Trading Market is at least $18.00 per share and (B) the dollar value of average daily trades of the Common Stock on the applicable Trading Market is at least $400,000 per Trading Day; or (ii) upon the closing of a Qualified Financing, provided that the dollar value of average daily trades of the Common Stock on the applicable National Exchange on each of the ten (10) consecutive Trading Days following such closing is at least $400,000 per Trading Day. Mandatory Conversion Price means, in the case of a Mandatory Conversion under situation (i) above, seventy percent (70%) of the VWAP over the Measurement Period, or in the case of a Mandatory Conversion under situation (ii) above, eighty percent (80%) of the gross sale price per share of Common Stock (or conversion or exercise price per share of Common Stock of any Common Stock Equivalents) sold in a Qualified Financing
Unamortized issuance cost discount																	$ 365,183		1,232,274				$ 365,183
Debt converted amount																	1,387,700
Adjustment for amortization																	867,091	85,683
Convertible note issuances																	$ 1,100,430
Converted instrument shares issued																	1,344,709
Warrants derivative						$ 1,278,786
Payments of Debt Issuance Costs																			207,361
Debt instrument derivative liabilities																			1,005,829
Conversion of Stock, Amount Converted																	$ 287,802
Instrument amount																	2,208,599
Debt settled value																	2,077,762						2,077,762
Debt instrument accrued interest																	214,446
Derivative liability																	475,616						475,616
Debt instrument accrued interest																	$ 130,837
Series C Notes [Member] | Note Holders [Member]
Short-Term Debt [Line Items]
Exercise Price						$ 4.18
Series C Notes [Member] | Placement Agents Warrants [Member]
Short-Term Debt [Line Items]
Exercise Price						$ 2.09
Series C Notes [Member] | Placement Agent [Member]
Short-Term Debt [Line Items]
Placement agent fees description																	The Company was obligated to pay the placement agent of the first series of Series C Notes a 10% cash fee for the face value of the notes
Series C Notes [Member] | Warrant [Member]
Short-Term Debt [Line Items]
Placement agent fees description																	The Company was obligated to issue warrants that accompany the convertible notes and provide 100% warrant coverage. The warrants have a 4-year term from date of issuance and an exercise price that is 200% of the 5-day volume weighted average price of the Company’s common shares at the time of final closing
Series C Notes [Member] | Warrant [Member] | Placement Agent [Member]
Short-Term Debt [Line Items]
Placement agent fees description																	The Company was also obligated to issue warrants to the placement agent that have a 10-year term and cover 8% of face value of the notes, with an exercise price that equals to the 5-day volume weighted average price of the Company’s common shares at the time final closing
Series C Note [Member]
Short-Term Debt [Line Items]
Interest payable																	$ 71,940		253,643				71,940
Interest expense																	36,754	46,523
Short-term Bridge Loan Agreement [Member] | Collateralized Merchant Finance Company [Member]
Short-Term Debt [Line Items]
Deferred finance costs									$ 24,000							$ 9,999
Debt instrument carrying amount									540,000							560,000
Adjustment for amortization																		3,250
Debt instrument periodic payment									38,705							13,995	0
Gross proceeds									$ 400,000							$ 400,000
Debt instrument term									98 days							280 days
Accretion expense																		49,971
Short-term Bridge Loan Agreement [Member] | Additional Collateralized Bridge Loan Agreement [Member]
Short-Term Debt [Line Items]
Gross proceeds								$ 700,000
Debt instrument term								280 days		280 days
Short-term Bridge Loan Agreement [Member] | Collateralized Merchant Finance Company One [Member]
Short-Term Debt [Line Items]
Deferred finance costs		$ 35,000
Unamortized issuance cost discount																	13,683		26,879				13,683
Debt instrument carrying amount		1,008,000
Debt face amount																	337,487		581,105				337,487
Adjustment for amortization																	13,196
Debt instrument periodic payment		29,235
Gross proceeds		$ 700,000
Debt instrument term		245 days
Accretion expense																	136,437
Repayments of loan																	321,585
Short-term Collateralized Bridge Loan Agreement [Member] | Finance Company [Member]
Short-Term Debt [Line Items]
Deferred finance costs																$ 32,000
Debt instrument carrying amount																1,120,000
Adjustment for amortization																		9,600
Debt instrument periodic payment																29,556
Gross proceeds																$ 800,000
Debt instrument term																280 days
Accretion expense																		106,977
Short-term Collateralized Bridge Loan Agreement [Member] | Finance Company [Member] | First Four Weeks [Member]
Short-Term Debt [Line Items]
Debt instrument periodic payment																$ 13,999
Promissory Note Agreement [Member] | Individual Investor [Member]
Short-Term Debt [Line Items]
Debt instrument carrying amount																$ 600,000	600,000		600,000				600,000
Interest payable																	12,620		12,723				12,620
Debt instrument interest rate during period																25%
Interest expense																	37,397	37,500
Maturity date																Dec. 15, 2023
Early payment penalty provision percentage																3%
Promissory Note Agreement [Member] | Individual Investor One [Member]
Short-Term Debt [Line Items]
Interest payable																	26,917		7,101				26,917
Debt instrument interest rate during period														12%
Interest expense																	19,774
Gross proceeds														$ 660,504
New Promissory Note [Member]
Short-Term Debt [Line Items]
Unamortized issuance cost discount
Debt instrument carrying amount																			270,000
Debt face amount												$ 270,000
Adjustment for amortization																		7,304
Maturity date												Dec. 31, 2023
Debt Instrument, Fair Value Disclosure												$ 248,479
[custom:AdjustmentCarryingValueAndPrincipalAmount-0]												$ 21,521
Interest Payable, Current																	50,000		50,000				50,000
Collateralized Bridge Loan Agreement [Member] | Finance Company [Member]
Short-Term Debt [Line Items]
Deferred finance costs										$ 12,000
Debt instrument carrying amount										420,000
Gross proceeds										300,000
Collateralized Bridge Loan Agreement [Member] | Finance Company [Member] | First Four Weeks [Member]
Short-Term Debt [Line Items]
Debt instrument periodic payment										5,250
Collateralized Bridge Loan Agreement [Member] | Finance Company [Member] | Remaining Thirty Six Weeks [Member]
Short-Term Debt [Line Items]
Debt instrument periodic payment										$ 11,083
Additional Collateralized Bridge Loan Agreement [Member] | Finance Company [Member]
Short-Term Debt [Line Items]
Debt instrument carrying amount								$ 980,000
Adjustment for amortization																	2,800	3,600
Debt instrument periodic payment								24,500
Accretion expense																	4,152	56,440
Loss on debt amendment								$ 59,161
Repayments of loan																	147,000	$ 109,667
Two Short Term Promissory Notes [Member]
Short-Term Debt [Line Items]
Interest payable																	75,000		75,000				75,000
Debt face amount							$ 250,000										302,500		427,500				302,500
Repayments of loan																	125,000
Administrative fees							75,000
Two Short Term Promissory Notes [Member] | One Investor [Member]
Short-Term Debt [Line Items]
Gross proceeds							500,000
Short Term Promissory Notes One [Member]
Short-Term Debt [Line Items]
Debt face amount							250,000
Administrative fees							$ 25,000
Short Term Promissory Notes Two [Member]
Short-Term Debt [Line Items]
Debt face amount																			250,000
Administrative fees																			50,000
Short Term Bridge Loan Agreement One [Member] | Collateralized Merchant Finance Company [Member]
Short-Term Debt [Line Items]
Deferred finance costs				$ 15,750
Unamortized issuance cost discount																	5,369		10,023				5,369
Debt instrument carrying amount				844,200
Debt face amount																	258,216		$ 443,185				$ 258,216
Adjustment for amortization																	4,653
Debt instrument periodic payment				19,195
Gross proceeds				$ 630,000
Debt instrument term				308 days
Accretion expense																	64,566
Repayments of loan																	$ 230,340

TERM LOAN AND CREDIT AGREEMENT

TERM LOAN AND CREDIT AGREEMENT (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended					12 Months Ended
	Dec. 21, 2021	Nov. 30, 2022	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2024
Cash and Cash Equivalents [Line Items]
Debt instrument, face amount	$ 12,400,000
Maturity date	Dec. 21, 2026
Interest rate	10.50%
Interest payments due date	Feb. 15, 2022
Debt instrument, payment terms	Pursuant to the Credit Agreement, the Company will be required to make interest only payments for the first 24 months (which may be extended to 36 months under prescribed circumstances), after which payments will include principal amortization that accommodates a 40% balloon principal payment at maturity. The Company and the Lender have negotiated the terms under which the Company will be allowed to extend the interest-only period and delay the start of principal repayment.
Principal repayments			$ 600,000	$ 600,000	$ 600,000	$ 600,000	$ 600,000	$ 2,400,000
Loans payable current portion			3,000,000	2,400,000				2,400,000
Origination fee amount	$ 120,000
Exit fee	600,000
Debt financing	193,437
Professional fee	48,484
Fee amount	144,953
Gross proceeds	12,000,000
Repayment of short term debt	1,574,068
Fair value of warrants	$ 1,042,149
Amortization of debt discount expense			51,831				50,942
Unpaid interest		$ 364,000	768,673				660,512
Interest payable current			972,008	$ 795,656				$ 795,656
Warrants issued	57,536
Issuance of warrants	$ 198,713
Term Loan [Member]
Cash and Cash Equivalents [Line Items]
Interest expense			$ 491,352				$ 493,100
Cash [Member]
Cash and Cash Equivalents [Line Items]
Debt financing	$ 50,000

FEDERALLY GUARANTEED LOAN (Deta

FEDERALLY GUARANTEED LOAN (Details Narrative) - USD ($)		1 Months Ended			3 Months Ended
	Dec. 21, 2021	Nov. 30, 2022	May 31, 2021	Apr. 30, 2020	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2023
Short-Term Debt [Line Items]
Proceeds from loan	$ 12,000,000
Interest expense		$ 364,000			$ 768,673	$ 660,512
Economic Injury Disaster Loan [Member]
Short-Term Debt [Line Items]
Proceeds from loan			$ 499,900	$ 370,900
Debt instrument description				The loan has a term of 30 years and an interest rate of 3.75% per annum, without the requirement for payment in the first 12 months.
Debt instrument term				30 years
Debt interest rate				3.75%
Accrued interest					17,149		$ 26,497
Interest expense					$ 8,141	$ 8,141

SCHEDULE OF DERIVATIVE LIABILIT

SCHEDULE OF DERIVATIVE LIABILITIES (Details) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Debt Instrument [Line Items]
Balance beginning of period – March 31	$ 1,435,668	$ 759,065
New Issuance	472,341
Change in fair value of derivative liabilities	300,438	(79,827)
Reduction due to preferred shares converted [Note 9]	(885,073)
Balance end of period – June 30	1,323,374	679,238
Convertible Debt [Member]
Debt Instrument [Line Items]
Balance beginning of period – March 31	991,866	1,008,216
New Issuance		1,014,703
Change in fair value of derivative liabilities	6,416	(21,625)
Conversion to common shares	(475,616)
Convertible note redemption	(6,559)	(16,513)
Balance end of period – June 30	$ 516,107	$ 1,984,781

SCHEDULE OF DERIVATIVE COMPONEN

SCHEDULE OF DERIVATIVE COMPONENTS VALUATION ASSUMPTIONS (Details)	3 Months Ended
	Jun. 30, 2024 $ / shares	Jun. 30, 2023 $ / shares
Measurement Input, Expected Dividend Rate [Member] | Series A Preferred Stock [Member]
Derivative [Line Items]
Derivative liability, measurement input	12	12
Measurement Input, Expected Dividend Rate [Member] | Series B Preferred Stock [Member]
Derivative [Line Items]
Derivative liability, measurement input	12
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member] | Convertible Note and Warrant Derivative [Member]
Derivative [Line Items]
Derivative liability, measurement input	5	4.2
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member] | Convertible Note and Warrant Derivative [Member]
Derivative [Line Items]
Derivative liability, measurement input	5.2	5
Measurement Input, Risk Free Interest Rate [Member] | Series A Preferred Stock [Member] | Minimum [Member]
Derivative [Line Items]
Derivative liability, measurement input	5	4.7
Measurement Input, Risk Free Interest Rate [Member] | Series A Preferred Stock [Member] | Maximum [Member]
Derivative [Line Items]
Derivative liability, measurement input	5.1	13.7
Measurement Input, Risk Free Interest Rate [Member] | Series B Preferred Stock [Member] | Minimum [Member]
Derivative [Line Items]
Derivative liability, measurement input	4.7
Measurement Input, Risk Free Interest Rate [Member] | Series B Preferred Stock [Member] | Maximum [Member]
Derivative [Line Items]
Derivative liability, measurement input	5.1
Measurement Input, Price Volatility [Member] | Minimum [Member] | Convertible Note and Warrant Derivative [Member]
Derivative [Line Items]
Derivative liability, measurement input	91.2	93.8
Measurement Input, Price Volatility [Member] | Maximum [Member] | Convertible Note and Warrant Derivative [Member]
Derivative [Line Items]
Derivative liability, measurement input	120.5	126.6
Measurement Input, Price Volatility [Member] | Series A Preferred Stock [Member] | Minimum [Member]
Derivative [Line Items]
Derivative liability, measurement input	91.2	71.9
Measurement Input, Price Volatility [Member] | Series A Preferred Stock [Member] | Maximum [Member]
Derivative [Line Items]
Derivative liability, measurement input	118.3	119.1
Measurement Input, Price Volatility [Member] | Series B Preferred Stock [Member] | Minimum [Member]
Derivative [Line Items]
Derivative liability, measurement input	154.9
Measurement Input, Price Volatility [Member] | Series B Preferred Stock [Member] | Maximum [Member]
Derivative [Line Items]
Derivative liability, measurement input	182.2
Measurement Input, Expected Term [Member] | Minimum [Member] | Convertible Note and Warrant Derivative [Member]
Derivative [Line Items]
Remaining terms	3 months	6 months
Measurement Input, Expected Term [Member] | Maximum [Member] | Convertible Note and Warrant Derivative [Member]
Derivative [Line Items]
Remaining terms	5 months 8 days	1 year 5 months 26 days
Measurement Input, Expected Term [Member] | Series A Preferred Stock [Member] | Minimum [Member]
Derivative [Line Items]
Remaining terms	11 months 1 day	3 months
Measurement Input, Expected Term [Member] | Series A Preferred Stock [Member] | Maximum [Member]
Derivative [Line Items]
Remaining terms	1 year 7 months 2 days	2 years 3 days
Measurement Input, Expected Term [Member] | Series B Preferred Stock [Member] | Minimum [Member]
Derivative [Line Items]
Remaining terms	1 year 2 months 19 days
Measurement Input, Expected Term [Member] | Series B Preferred Stock [Member] | Maximum [Member]
Derivative [Line Items]
Remaining terms	2 years
Measurement Input, Share Price [Member] | Minimum [Member] | Convertible Note and Warrant Derivative [Member]
Derivative [Line Items]
Stock price	$ 0.9	$ 0.46
Measurement Input, Share Price [Member] | Maximum [Member] | Convertible Note and Warrant Derivative [Member]
Derivative [Line Items]
Stock price	1.45	0.7
Measurement Input, Share Price [Member] | Series A Preferred Stock [Member] | Minimum [Member]
Derivative [Line Items]
Stock price	0.9	0.98
Measurement Input, Share Price [Member] | Series A Preferred Stock [Member] | Maximum [Member]
Derivative [Line Items]
Stock price	1.14	$ 3.82
Measurement Input, Share Price [Member] | Series B Preferred Stock [Member] | Minimum [Member]
Derivative [Line Items]
Stock price	0.9
Measurement Input, Share Price [Member] | Series B Preferred Stock [Member] | Maximum [Member]
Derivative [Line Items]
Stock price	$ 1.34

SCHEDULE OF SERIES B PREFERRED

SCHEDULE OF SERIES B PREFERRED STOCK FOR MEZZANINE EQUITY (Details) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Equity [Abstract]
Balance beginning of year – March 31	$ 1,488,920
Net proceeds received pursuant to the issuance of preferred shares	1,312,532
Recognition of derivative liabilities (Note 8)	(472,341)
Conversion into common shares	(142,908)
Balance end of year – June 30	$ 2,186,203

SCHEDULE OF WARRANTS OUTSTANDIN

SCHEDULE OF WARRANTS OUTSTANDING (Details)	3 Months Ended
	Jun. 30, 2024 $ / shares shares
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	1,331,019
Expired/cancelled
Exercised
Issued
Ending balance	1,331,019
Broker Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	208,927
Expired/cancelled
Exercised
Issued
Ending balance	208,927
Expiration Date	August 2026 to October 2033
Broker Warrants [Member] | Minimum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Exercise Price | $ / shares	$ 2.09
Broker Warrants [Member] | Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Exercise Price | $ / shares	$ 22.50
Consultant Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	253,994
Expired/cancelled
Exercised
Issued
Ending balance	253,994
Expiration Date	March 2029 to Dec 2032
Consultant Warrants [Member] | Minimum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Exercise Price | $ / shares	$ 2.69
Consultant Warrants [Member] | Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Exercise Price | $ / shares	$ 14.40
Warrants Issued on Conversion of Convertible Notes [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	868,098
Expired/cancelled
Exercised
Issued
Ending balance	868,098
Exercise Price | $ / shares	$ 4.18
Expiration Date	October 2027

SCHEDULE OF STOCK OPTION ACTIVI

SCHEDULE OF STOCK OPTION ACTIVITIES (Details) - $ / shares	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted average exercise price, ending outstanding		$ 0.384
Equity Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options, beginning outstanding	1,239,873
Weighted average exercise price, beginning outstanding	$ 9.39
Number of options, granted	41,559
Weighted average exercise price, granted	$ 18.78
Number of options, exercised
Weighted average exercise price, exercised
Number of options, expired	(54,219)
Weighted average exercise price, expired	$ 12.57
Number of options, forfeited	(12,500)
Weighted average exercise price, expired/forfeited	$ 8.28
Number of options, ending outstanding	1,214,713
Weighted average exercise price, ending outstanding	$ 9.69

SCHEDULE OF FAIR VALUE OF OPTIO

SCHEDULE OF FAIR VALUE OF OPTION GRANTED USING VALUATION ASSUMPTIONS (Details) - $ / shares	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Exercise price	$ 1.48	$ 0.47
Risk free interest rate	4.33%	3.85%
Expected term		10 years
Expected volatility		117.10%
Expected dividend yield	0%	0%
Fair value of option		$ 0.384
Expected forfeiture (attrition) rate	0%	0%
Minimum [Member]
Expected term	5 years 6 months
Expected volatility	107.70%
Fair value of option	$ 0.689
Maximum [Member]
Expected term	6 years 6 months
Expected volatility	109.80%
Fair value of option	$ 0.733

STOCKHOLDERS_ DEFICIENCY (Detai

STOCKHOLDERS’ DEFICIENCY (Details Narrative) - USD ($)			3 Months Ended				12 Months Ended
	Sep. 19, 2023	Dec. 21, 2021	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Feb. 02, 2016
Class of Stock [Line Items]
Common stock shares authorized			125,000,000	125,000,000			125,000,000
Common stock, par value			$ 0.001	$ 0.001			$ 0.001
Preferred stock, shares authorized			10,000,000	10,000,000			10,000,000
Preferred stock convertible conversion price			$ 0.001
Common stock, shares issued			21,484,396	9,353,768			9,353,768
Common stock, other shares, outstanding			160,672	160,672			160,672
Debt instrument redemption price percentage			110%
Face value		$ 12,400,000
Proceeds from Issuance of Preferred Stock and Preference Stock			$ 1,312,532
Stock issued during period, value
Debt conversion description								The redemption price was determined in accordance to the Series B note agreement, where the Company has an option to redeem the note at 115% of its principal value instead of converting the note upon receipt of a conversion notice. The difference between the redemption cash payment and the book value of the note redeemed, including the derivative liability associated to the note
Conversion of common shares			(142,908)
Instrument amount							$ 2,962,386	$ 2,355,318
Instrument amount			2,208,599
Derivative liability			1,323,374	$ 1,435,668			$ 1,435,668
Loss on debt conversion			$ 249,093
Number of stock issued during the period convertible, shares			97,811				36,897
Gross proceeds from issuance of common stock			$ 125,227				$ 123,347
Issuance of warrants		$ 198,713
Stock-based compensation			$ 58,978			$ 211,180
2016 Equity Incentive Plan [Member]
Class of Stock [Line Items]
Share based payment award number of shares authorized									1,241,422
Stock options granted			41,559			21,505
Stock-based compensation			$ 58,978			$ 211,180
2023 Equity Incentive Plan [Member]
Class of Stock [Line Items]
Share based payment award number of shares available for issuance								5,000,000
General and Administrative Expense [Member]
Class of Stock [Line Items]
Common shares services			70,000
Issuance of warrants			$ 53,480
Series C Notes [Member]
Class of Stock [Line Items]
Debt conversion converted shares			1,344,709
Debt conversion description			the notes would convert into common stock at the applicable “Mandatory Conversion Price”, if either (i) on each of any twenty (20) consecutive Trading Days (the “Measurement Period”) (A) the closing price of the Common Stock on the applicable Trading Market is at least $18.00 per share and (B) the dollar value of average daily trades of the Common Stock on the applicable Trading Market is at least $400,000 per Trading Day; or (ii) upon the closing of a Qualified Financing, provided that the dollar value of average daily trades of the Common Stock on the applicable National Exchange on each of the ten (10) consecutive Trading Days following such closing is at least $400,000 per Trading Day. Mandatory Conversion Price means, in the case of a Mandatory Conversion under situation (i) above, seventy percent (70%) of the VWAP over the Measurement Period, or in the case of a Mandatory Conversion under situation (ii) above, eighty percent (80%) of the gross sale price per share of Common Stock (or conversion or exercise price per share of Common Stock of any Common Stock Equivalents) sold in a Qualified Financing
Instrument amount			$ 1,387,700
Conversion of Stock, Amount Converted			287,802
Instrument amount			2,208,599
Debt instrument accrued interest			214,446
Derivative liability			475,616
Debt instrument accrued interest			$ 130,837
Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized			9,979,400	9,979,400			9,979,400
Preferred stock convertible conversion price			$ 0.001	$ 0.001			$ 0.001
Shares outstanding			201	6,305		6,305	6,305	6,305
Preferred stock, shares issued			1	1			1
Preferred stock, shares outstanding			1	1			1
Conversion shares			$ 8,532	$ 4,103			$ 4,103
Common Stock [Member]
Class of Stock [Line Items]
Shares outstanding			21,645,068	9,514,440		8,752,510	9,514,440	8,752,510
Stock issued during period			320,321
Stock issued during period, value			$ 320
Number of shares convertible securities			345,204	320,321	612,062
Conversion of common shares			$ 142,908	$ 142,908	$ 228,727
Accrued dividends liability			12,219		16,789
Related to the shares			76,595	$ 75,523	$ 119,359
Instrument amount			$ 1,345
Issuance of shares for settlement of accounts payable			1,000,413
Issuance of shares for settlement of accounts payable, value			$ 741,316
Common shares services			70,000
Purchase Agreement [Member] | Beneficiary [Member]
Class of Stock [Line Items]
Ownership percentage	4.99%
Shareholders [Member]
Class of Stock [Line Items]
Common stock, shares issued			21,484,396	9,353,768			9,353,768
Shareholders [Member] | Exchange Agreement [Member]
Class of Stock [Line Items]
Shares outstanding			21,645,068					9,514,440
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized			20,000	20,000			20,000
Preferred stock convertible conversion price			$ 0.001	$ 0.001			$ 0.001
Preferred stock, shares issued			200	6,304		6,304	6,304
Preferred stock, shares outstanding			200	6,304		6,304	6,304
Preferred stock, liquidation preference			$ 1,000
Preferred stock dividend rate percentage			12%
Debt instrument redemption price percentage			5%
Preferred stock convertible conversion price			$ 0.001
Volume weighted average price percentage			15%
Face value			$ 6,104,444
Accrued dividends			$ 1,071,542
Debt conversion converted shares			8,952,170
Deposit liabilities, accrued interest			$ 7,984,463
Stock redeemed or called during period, value			11,039,142
Investment company, dividend distribution			$ 3,054,679
Initial conversion price			$ 3.50
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized			600	600			600
Preferred stock convertible conversion price	$ 0.001		$ 0.001
Preferred stock, shares issued	220		405
Preferred stock, shares outstanding			405
Preferred Stock, Redemption Price Per Share	$ 9,091
Proceeds from Issuance of Preferred Stock and Preference Stock	$ 1,900,000
Debt conversion description			Holders may elect to convert shares of Series B Preferred Stock to common stock at an alternate conversion price equal to 80% (or 70% if the Company’s common stock is suspended from trading on or delisted from a principal trading market or if the Company has effected a reverse split of the common stock) of the lowest daily volume weighed average price of the common stock during the Alternate Conversion Measuring Period (as defined in the Certificate of Designations). In the event the Company receives a conversion notice that elects an alternate conversion price, the Company may, at its option, elect to satisfy its obligation under such conversion with payment in cash in an amount equal to 110% of the conversion amount.
Number of shares convertible securities			25	25	40
Shares to be issued			320,321
Conversion of mezzanine equity into common shares			$ 345,204
Conversion of preferred stock shares			25
Series B Preferred Stock [Member] | Preferred Stock [Member]
Class of Stock [Line Items]
Stock issued during period			165	110
Stock issued during period, value			$ 1,312,532	$ 925,000
Series B Preferred Stock [Member] | Purchase Agreement [Member]
Class of Stock [Line Items]
Preferred stock convertible conversion price	$ 10,000
Preferred stock, shares issued	600
Debt instrument redemption price percentage			110%
Stated value percentage	8%
Series B Preferred Stock [Member] | Purchase Agreement [Member] | Beneficiary [Member]
Class of Stock [Line Items]
Ownership percentage	19.90%
Series B Preferred Stock [Member] | Purchase Agreement [Member] | Maximum [Member]
Class of Stock [Line Items]
Stated value percentage	15%
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Shares to be issued			287,802
Shares, Issued			1,344,709
Conversion of Stock, Amount Converted			$ 287,802
Debt settled			2,077,762
Carrying amount			1,387,700
Conversion shares			$ 214,446
Common Stock [Member]
Class of Stock [Line Items]
Shares to be issued			1,344,709

SCHEDULE OF OPERATING LEASES OB

SCHEDULE OF OPERATING LEASES OBLIGATIONS (Details) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
Operating Lease Right-of-use Assets And Lease Obligations
Operating lease right-of-use asset, beginning balance	$ 1,221,593	$ 1,587,492
Right of use asset, new leases
Right of use asset, amortization	(97,577)	(87,801)
Operating lease right-of-use asset, ending balance	1,124,016	1,499,691
Operating lease liability, beginning balance	1,386,486	1,722,095
Lease liability, new leases
Lease liability, repayment and interest accretion, net	(108,080)	(94,074)
Operating lease liability, ending balance	1,278,406	$ 1,628,021
Current portion of operating lease liability	475,026		$ 457,371
Noncurrent portion of operating lease liability	$ 803,380		$ 929,115

SCHEDULE OF CONTRACTUAL UNDISCO

SCHEDULE OF CONTRACTUAL UNDISCOUNTED CASH FLOWS FOR LEASE OBLIGATION (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Operating Lease Right-of-use Assets And Lease Obligations
2024	$ 552,293
2025	600,288
2026	565,359
Total undiscounted lease liability	1,717,940
Less imputed interest	(439,534)
Total	$ 1,278,406	$ 1,386,486	$ 1,628,021	$ 1,722,095

OPERATING LEASE RIGHT-OF-USE _3

OPERATING LEASE RIGHT-OF-USE ASSETS AND LEASE OBLIGATIONS (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Weighted average rate	11.40%
Operating cash flows from operating leases	$ 145,338	$ 141,105
Selling, General and Administrative Expenses [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Operating lease expense	$ 148,885	$ 138,734
New Lease Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Lease deposit liability			$ 85,000

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Cost, beginning balance	$ 29,767
Additions
Disposals
Cost, ending balance	29,767
Accumulated depreciation, beginning balance	14,215
Depreciation	1,488	$ 1,489
Disposals
Accumulated depreciation, ending balance	15,703
Net book value, beginning balance	15,552
Net book value, ending balance	14,064
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Cost, beginning balance	16,839
Additions
Disposals
Cost, ending balance	16,839
Accumulated depreciation, beginning balance	8,042
Depreciation	844
Disposals
Accumulated depreciation, ending balance	8,886
Net book value, beginning balance	8,797
Net book value, ending balance	7,953
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Cost, beginning balance	12,928
Additions
Disposals
Cost, ending balance	12,928
Accumulated depreciation, beginning balance	6,173
Depreciation	644
Disposals
Accumulated depreciation, ending balance	6,817
Net book value, beginning balance	6,755
Net book value, ending balance	$ 6,111

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2022
Property, Plant and Equipment [Line Items]
Leasehold improvements			$ 12,928
Furniture & fixtures			$ 16,839
Purchase of property plant and equipment	$ 0	$ 0
Depreciation expenses	$ 1,488	$ 1,489
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Furniture & fixtures useful life	5 years		5 years
Depreciation expenses	$ 644
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Furniture & fixtures useful life			5 years

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($) $ in Millions	1 Months Ended		3 Months Ended
	Aug. 31, 2024	Jul. 31, 2024	Jun. 30, 2024	Aug. 05, 2024
Series B Preferred Stock [Member]
Subsequent Event [Line Items]
Conversion of preferred stock shares			25
Subsequent Event [Member]
Subsequent Event [Line Items]
Market value of listed securities				$ 35
Subsequent Event [Member] | Series C Preferred Stock [Member]
Subsequent Event [Line Items]
Issuance of common shares from shares to be issued [Note 9], shares		250,736
Subsequent Event [Member] | Series B Preferred Stock [Member]
Subsequent Event [Line Items]
Issuance of common shares from shares to be issued [Note 9], shares	719,512	719,512
Conversion of preferred stock shares	25	25