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v3.25.2

Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended
--- | ---
Mar. 31, 2025 | Mar. 31, 2024 | Mar. 31, 2023
Statement of cash flows [abstract] |  |  |
Net profit/(loss) | $ 1,011,790 | $ (51,159,048) | $ (3,206,403)
Non-cash adjustment: |  |  |
Fair value (gain)/loss on convertible note | (3,357,628) | 5,157,397 |
Fair value (gain)/loss on warrant liability | (694,516) | 306,250 |
Fair value (gain)/loss on promissory notes | (705,565) | 300,270 |
Fair value loss on warrant exchange | 185,064 |  |
Fair value gain on Psyence Labs Ltd | (22,967) |  |
Gain on debt settlement |  | (281,500) |
Share based compensation |  | 317,882 | 221,287
Third party advisors share issuance | 241,379 |  |
Depreciation | 4,268 | 240 |
Foreign exchange | (9,860) | 3,660 | (84,499)
Listing expense |  | 41,481,605 |
Transaction expenses |  | 2,100,830 |
Changes in working capital: |  |  |
Other receivables | (95,601) | 107,622 | (109,858)
Prepaids | 70,330 | (245,075) | (71,665)
Accounts payable and accrued liabilities | (360,932) | (1,035,498) | 1,659,058
Cash used in operating activities | (3,734,238) | (2,945,365) | (1,592,080)
Additions to equipment | (9,877) | (5,727) |
Increase in restricted cash | (6,353) |  |
Cash used for investing activities | (16,230) | (5,727) |
Proceeds received from convertible note | 1,000,000 | 2,500,000 |
Payment of promissory note |  | (150,000) |
Proceeds received from Psyence Group Inc |  |  | 1,172,923
Net proceeds received from ELOC | 6,410,395 |  |
Net proceeds received for unit issuances | 1,742,051 |  |
Cash provided from financing activities | 9,152,446 | 2,350,000 | 1,172,923
Change in cash and cash equivalents | 5,401,978 | (601,092) | (419,157)
Cash and cash equivalents, beginning of year | 733,188 | 1,334,280 | 1,753,437
Cash and cash equivalents, end of year | $ 6,135,166 | $ 733,188 | $ 1,334,280

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