v3.21.2

10. Derivative Financial Instruments (Tables) | 12 Months Ended
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Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of derivative liabilities | The following tables summarize the components of the Company’s derivative liabilities and linked common shares as of March 31, 2021:
|  | March 31, 2021 |
The financings giving rise to derivative financial instruments |  | Indexed Shares |  |  | Fair Values |
Compound embedded derivatives |  |  | 347,942,680 |  |  | $ | (1,137,623 | )
Total |  |  | 347,942,680 |  |  | $ | (1,137,623 | )
The following tables summarize the components of the Company’s derivative liabilities and linked common shares as of March 31, 2020:
|  | March 31, 2020 |
The financings giving rise to derivative financial instruments |  | Indexed Shares |  |  | Fair Values |
Compound embedded derivatives |  |  | 77,027,083 |  |  | $ | (58,790 | )
Total |  |  | 77,027,083 |  |  | $ | (58,790 | )
The following table summarizes the effects on the Company’s gain (loss) associated with changes in the fair values of the derivative financial instruments by type of financing for the years ended March 31, 2021 and 2020:
|  | March 31, |  |  | March 31, |
|  | 2021 |  |  | 2020 |
Compound embedded derivatives |  | $ | (1,332,661 | ) |  | $ | 119,102 |
Day one derivative loss |  |  | (151,978 | ) |  |  | – |
Total |  | $ | (1,484,639 | ) |  | $ | 119,102 |
Significant inputs | Significant inputs and results arising from the Monte Carlo Simulations process are as follows for the embedded derivatives that have been bifurcated from the Convertible Notes and classified in liabilities:
| March 31, 2021 |
Quoted market price on valuation date | $0.0058 |
Contractual conversion rate | $0.0031 - $0.01 |
Contractual term to maturity | 0.24 Years – 0.87 Years |
Market volatility: |  |
Equivalent Volatility | 190.74% - 374.31% |
Interest rate | 8.0%
Schedule of changes in fair value of derivatives | The following table reflects the issuances of compound embedded derivatives and the changes in fair value inputs and assumptions related to the compound embedded derivatives during the period ended March 31, 2021 and 2020.
|  | March 31, |  |  | March 31, |
|  | 2021 |  |  | 2020 |
Beginning balance |  | $ | 58,790 |  |  | $ | – |
Issuances: |  |  |  |  |  |  |  |
Compound embedded derivatives |  |  | 732,416 |  |  |  | 178,692 |
Conversions |  |  | (859,352 | ) |  |  | – |
Derivative extinguished / debt repaid in cash |  |  | (126,892 | ) |  |  | – |
Loss (gain) on changes in fair value inputs and assumptions reflected in income |  |  | 1,332,661 |  |  |  | (119,902 | )
Total |  | $ | 1,137,623 |  |  | $ | 58,790 |

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- Definition Tabular disclosure of all information related to the key inputs and assumptions (including, at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses) used in measuring the fair value of assets or liabilities that relate to the transferor's continuing involvement with transferred financial assets, as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719 + Details
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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