XML 51 R38.htm IDEA: XBRL DOCUMENT v3.22.2

INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Income tax expense/(benefit) for each of the years ended March 31 consists of the following:

		Year Ended March 31, (in thousands)
Income Tax Expense
		2022 ($)				2021 ($)
Net income loss before tax			(15,016	)			(8,811	)
Tax rate			21	%			21	%
Expected income tax recovery			(3,153	)			(1,850	)
Impact of tax rate differences in foreign jurisdictions			-				(33	)
Tax rate changes and other adjustments			(385	)			(78	)
Permanent differences			50				19
Change in valuation allowance			3,488				1,942
			-				-

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The significant components of deferred income tax expense/(benefit) from operations before non-controlling interest for each of the years ended March 31 are approximated as following:

		Year Ended March 31, (in thousands)
Deferred income taxes
		2022 ($)				2021 ($)
Net operating loss carry-forwards foreign			149				536
Non-capital loss carry-forwards – U.S.			10,487				7,373
Temporary differences			(66	)			(827	)
Net deferred tax asset			10,570				7,082
Valuation allowance			(10,570	)			(7,082	)
			-				-

Summary of Operating Loss Carryforwards [Table Text Block]

The table below sets forth the details of expiration of the non-financial carried forward losses of the Company as of March 31, 2022, as under:

Year		Amount (in thousands) ($)
2023			52
2024			343
2025			4
2026			14
2027			34
2028			16
2029			28
2030			210
2031			3,081
2032			4,141
2033			627
2034			1,269
2035			1,735
2036			1,176
2037			819
2038			1,256
2039			4,132
2040			7,932
2041			8,841
2042			14,897
Total			50,607

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32559-109319

+ Details

Name:	us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration