Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

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Related Party Transactions
9 Months Ended
Dec. 31, 2020
Related Party Transactions  
Related Party Transactions

6.     Related Party Transactions

At December 31, 2020 and March 31, 2020 there was an outstanding loan to the Chief Technology Officer (“CTO”) of the Company of $20,000 and $18,000, respectively. The loan has an interest rate of 2% based on the Canada Revenue Agency’s prescribed rate for such advances and is denominated in Canadian dollars. During the three and nine months ended December 31, 2020, the Company recorded interest income of $300 and $900, respectively.  The remaining fluctuation in the balance from the prior year is due to changes in foreign exchange.