7. PROPERTY AND EQUIPMENT

	Land and		Plant and		Office furniture		Leasehold		Under
	Building		Equipment		and Equipment		Improvement	Right of Use	Construction		Total
Cost
Balance at April 1, 2023	2,064,993		4,026,944		243,499		354,705	959,788	1,946,048		9,595,977
Additions	-		103,651		4,033		-	-	107,151		214,835
Disposals	-		(278,242	)	-		-	-	-		(278,242	)
Transfers	-		2,000,490		-		-	-	(2,000,490	)	-
Balance at March 31, 2024	2,064,993		5,852,843		247,532		354,705	959,788	52,709		9,532,570
Additions	-		-		1,398		-	-	-		1,398
Disposals	-		-		(36,933	)	-	-	-		(36,933	)
Transfers	-		-		-		-	-	-		-
Balance at March 31, 2025	2,064,993		5,852,843		211,997		354,705	959,788	52,709		9,497,035

Accumulated Depreciation
Balance at April 1, 2023	110,524		472,222		86,590		246,192	344,582	-		1,260,110
Depreciation for the year	44,313		348,822		31,911		28,348	160,320	-		613,714
Disposals	-		(111,711	)	-		-	-	-		(111,711	)
Transfers	-		-		-		-	-	-		-
Balance at March 31, 2024	154,837		709,333		118,501		274,540	504,902	-		1,762,113
Depreciation for the year	32,049		354,876		25,244		28,271	159,882	-		600,322
Disposals	-		-		(22,389	)	-	-	-		(22,389	)
Transfers	-		-		-		-	-	-		-
Balance at March 31, 2025	186,886		1,064,209		121,356		302,811	664,784	-		2,340,046

Carrying Amounts
Balance at March 31, 2024	1,910,156		5,143,510		129,031		80,165	454,886	52,709		7,770,457

Balance at March 31, 2025	1,878,107		4,788,634		90,641		51,894	295,004	52,709		7,156,989
Less: property held for sale	(1,878,107	)	-		-		-	-	-		(1,878,107	)
Balance at March 31, 2025	-		4,788,634		90,641		51,894	295,004	52,709		5,278,882

The Company's property and equipment includes an asset under construction in the amount of $52,709 (March 31, 2024: $52,709) related to costs incurred for a production line at the silver-graphene oxide pilot plant. Depreciation was not recorded on assets under construction until they were put into use.

On October 18, 2024, the Company listed to sell 24 Corporate Court in Guelph, Ontario which currently is the registered head office of the Company and was held for sale at March 31, 2025. On April 15, 2025, the Company announced it had entered into an agreement of purchase and sale for 24 Corporate Court in Guelph, Ontario. The carrying value of the land and building at March 31, 2025 was $1,878,107 and is disclosed separately as a current asset in the Consolidated Statements of Financial Position as Property held for sale at March 31, 2025 and is applicable to the Intellectual Property Development segment. On May 15, 2025, the Company announced the completed sale for $2,500,000 and will lease back the property from the purchaser until January 31, 2026.