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Income Taxes (Tables)

9 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of components of income tax expense (benefit) [Table Text Block]

		December 31, 2022			March 31, 2022
Income tax benefit computed at federal statutory rates	$	(4,516,175	)	$	(6,579,200	)
Non-deductible expenses		20,911			28,794
Non-deductible stock-based compensation		209,213			-
Change in valuation allowance		1,704,445			1,810,449
Other		256,450			(945,478	)
Total current income tax expense and deferred tax benefit - net	$	(2,325,156	)	$	(5,685,435	)

Schedule of deferred tax assets and liabilities [Table Text Block]

		December 31, 2022			March 31, 2022
Deferred tax assets:
Net operating losses	$	7,123,439		$	5,228,305
Net capital losses		-			36,685
Stock-based compensation		2,147,387			2,607,150
Total		9,270,826			7,872,140
Less: valuation allowance		(3,514,894	)		(1,810,449	)
Total deferred tax assets		5,755,932			6,061,691
Deferred tax liability:
Property and equipment		(25,460	)		(47,384	)
Mineral properties		(7,079,154	)		(9,727,330	)
Other		16,562			-
Total deferred tax liabilities		(7,088,050	)		(9,774,714	)
Net deferred tax liability	$	(1,332,118	)	$	(3,713,023	)

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- References

No definition available.

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

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