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INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2023

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
		2023 ($)				2022 ($)
Net income loss before tax			(11,506	)			(15,016	)
Tax rate			21	%			21	%
Expected income tax recovery			(2,416	)			(3,153	)
Impact of tax rate differences in foreign jurisdictions			(7	)			-
Tax rate changes and other adjustments			(667	)			(385	)
Permanent differences			88				50
Change in valuation allowance			3,002				3,488
			-				-

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
		2023 ($)				2022 ($)
Net operating loss carry-forwards foreign			137				149
Non-capital loss carry-forwards – U.S.			12,888				10,487
Temporary differences			548				(66	)
Net deferred tax asset			13,573				10,570
Valuation allowance			(13,573	)			(10,570	)
			-				-

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, 2023, as under:

Year		Amount (in thousands) ($)
2023			47
2024			309
2025			3
2026			12
2027			30
2028			14
2029			25
2030			141
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			14,966
2043			11,359
Total			61,915

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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

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
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- 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.

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-SubTopic 10
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-Paragraph 12
-Section 50
-Publisher FASB
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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.

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-Name Accounting Standards Codification
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-Section 50
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