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INCOME TAXES (Tables)
12 Months Ended
Mar. 31, 2024
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

               
   

2024

($)
   

2023

($)
 

Net income loss before tax

    (13,000 )     (11,506 )

Tax rate

    21 %     21 %
                 

Expected income tax recovery

    (2,730 )     (2,416 )

Impact of tax rate differences in foreign jurisdictions

    (151 )     (7 )

Tax rate changes and other adjustments

    1,475       (667 )

Permanent differences

    -       88  

Change in valuation allowance

    1,406       3,002  
      -       -  
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

               
   

2024

($)
   

2023

($)
 
                 

Net operating loss carry-forwards foreign

    287       137  

Non-capital loss carry-forwards – U.S.

    14,272       12,888  

Temporary differences

    418       548  
                 

Net deferred tax asset

    14,977       13,573  

Valuation allowance

    (14,977 )     (13,573 )
      -       -  

 

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, 2024, as under:

Year

 

Amount

(in thousands)

($)

 

2024

    43  

2025

    -  

2026

    -  

2027

    10  

2028

    9  

2029

    -  

2030

    37  

2031

    3,082  

2032

    5,140  

2033

    627  

2034

    1,269  

2035

    1,735  

2036

    1,175  

2037

    819  

2038

    1,256  

2039

    4,131  

2040

    7,932  

2041

    8,841  

2042

    14,966  

2043

    8,552  

2044

    9,396  

No expiry

    78  

Total

    69,101