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Consolidated Statements of Cash Flows
£ in Millions
12 Months Ended
Mar. 31, 2022
USD ($)
Mar. 31, 2021
USD ($)
Mar. 31, 2020
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Loss from operations before income taxes $ (6,217,566) $ (3,378,501) $ (1,620,347)
Adjustments to reconcile net loss to net cash used in operating activities:      
Share option charge 1,737,876 550,138 36,340
Warrant charge 61,721 83,006 42,846
Forfeiture of options (19,149) (5,751)
Depreciation of fixed assets 2,331 1,510 426
Amortization of right of use asset 11,601 5,553
(Gain)/Loss on foreign exchange (9,230) 4,056 13,915
Impairment of loan to West African Minerals Ltd 11,171 132,668
Gain on disposal of right of use asset (179) (818)
Net decrease/(increase) in related party receivables 27,376 (3,862) (543)
Net increase/(decrease) in related party payables 48,900 (46,311) 38,049
Net (increase)/decrease in operating assets/other receivables (802,154) 208,931 (122,190)
Net (decrease)/increase in trade and other payables (297,991) 886,093 271,218
Cash inflow from taxation 78,540
Net cash used in operating activities (5,468,065) (1,600,198) (1,202,066)
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of property, plant and equipment (1,669) (6,943)
Loan to West African Minerals Ltd (11,171) (132,668)
Net cash used in investing activities (1,669) (18,114) (132,668)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of ordinary shares 230,019 990,639
Proceeds from issuance of convertible loan notes 7,593,380
Processed from options exercised 15,870
Processed from warrants exercised 2,153,270
Loan to related party (518,000)
Loan repayment from related party 496,810
Repayment of leasing liabilities (12,331) (6,139)
Net cash provided by financing activities 2,153,270 7,826,938 963,310
Net (decrease)/increase in cash and cash equivalents (3,316,464) 6,208,627 (371,423)
Cash and cash equivalent, beginning of period 6,889,329 235,485 627,616
Exchange difference (872,141) 445,217 (20,708)
Cash and cash equivalent, end of period $ 2,700,724 $ 6,889,329 $ 235,485