Annual report pursuant to Section 13 and 15(d)

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

v3.23.2
Summary of Significant Account Policies and Basis of Presentation (Details)
 12 Months Ended
Mar. 31, 2023
USD ($)
segment
$ / shares
shares
Mar. 31, 2022
USD ($)
$ / shares
shares
Summary of Significant Account Policies and Basis of Presentation    
Number of operating segments | segment 2  
Cash and cash equivalents $ 427,383 $ 1,991,377
Working capital surplus 500,000 3,100,000
Accumulated deficits 100,348,345 95,402,321
Net loss and comprehensive loss 4,944,305 10,422,047
Allowance for doubtful accounts $ 0  
Warranty term 1 year  
Accrued warranty costs $ 27,094 8,885
Stock-based compensation expense $ 300,000 $ 400,000
Weighted-average grant date fair value | $ / shares $ 0.30 $ 2.05
Risk free interest rate 3.95% 1.34%
Expected term 7 years 7 years
Dividend yield 0.00% 0.00%
Expected volatility 197.00% 174.00%
Forfeiture rate 0.00% 0.00%
Maximum    
Summary of Significant Account Policies and Basis of Presentation    
Estimated useful life of intangible asset 10 years  
Minimum    
Summary of Significant Account Policies and Basis of Presentation    
Estimated useful life of intangible asset 1 year  
Employees of Bionik Inc [Member]    
Summary of Significant Account Policies and Basis of Presentation    
Share options granted | shares 244,000 233,500
Performance Based Units (PSUs) [Member]    
Summary of Significant Account Policies and Basis of Presentation    
Unrecognized compensation expense $ 200,000  
Expects to recognize over weighted-average period 1 year 9 months 18 days  
Share options granted | shares 40,000  
Weighted-average grant date fair value | $ / shares $ 2.05  
Computers and electronics    
Summary of Significant Account Policies and Basis of Presentation    
Property, plant and equipment, useful life 3 years  
Furniture and fixtures    
Summary of Significant Account Policies and Basis of Presentation    
Property, plant and equipment, useful life 5 years  
Demonstration equipment    
Summary of Significant Account Policies and Basis of Presentation    
Property, plant and equipment, useful life 3 years  
Manufacturing equipment    
Summary of Significant Account Policies and Basis of Presentation    
Property, plant and equipment, useful life 5 years  
Tools and parts    
Summary of Significant Account Policies and Basis of Presentation    
Property, plant and equipment, useful life 3 years