Annual report pursuant to Section 13 and 15(d)

Summary of Significant Account Policies and Basis of Presentation (Tables)

v3.22.1
Summary of Significant Account Policies and Basis of Presentation (Tables)
12 Months Ended
Mar. 31, 2022
Summary of Significant Account Policies and Basis of Presentation  
Schedule of property and equipment

Computer and Electronics

    

50% per annum

Furniture and Fixtures

 

20% per annum

Demonstration Equipment

 

50% per annum

Manufacturing Equipment

 

20% per annum

Tools and Parts

 

20% per annum

Right of Use Assets

Life of Lease (60 months)

The useful lives for property and equipment is as follows:

    

Useful Life (in years)

Computers and electronics

 

3

Furniture and fixtures

 

5

Demonstration equipment

 

3

Manufacturing equipment

 

5

Tools and parts

 

3

Assets under capital lease

 

Life of lease

Schedule of of stock options grand using the Black-Scholes option pricing model

Year Ended

 

March 31,

 

    

2022

    

2021

 

Risk free interest rate

 

1.34

%  

0.62

%

Expected term

 

7 years

 

7 years

Dividend yield

 

 

Expected volatility

 

171

%  

114

%

Forfeiture rate

 

0

%  

0

%