v3.22.0.1
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative liabilities
        
   December 31, 2021 
The financings giving rise to derivative financial instruments  Indexed
Shares
   Fair
Values
 
Compound embedded derivatives   1,372,797,202    (2,199,087)
Total   1,372,797,202    (2,199,087)

 

The following tables summarize the components of the Company’s derivative liabilities and linked common shares as of December 31, 2020:

 

   December 31, 2020 
The financings giving rise to derivative financial instruments  Indexed
Shares
   Fair
Values
 
Compound embedded derivatives   311,625,168    (739,574)
Total   311,625,168    (739,574)

 

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 three months ended December 31, 2021, and 2020:

 

The financings giving rise to derivative financial instruments and the income effects:  December 31, 2021   December 31, 2020 
Compound embedded derivatives  $(66,894)  $194,410 
Day one derivative loss   (45,485)   (125,408)
Total (loss)  $(112,379)  $(69,002)

 

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 nine months ended December 31, 2021, and 2020:

 

The financings giving rise to derivative financial instruments and the income effects:  December 31, 2021   December 31, 2020 
Compound embedded derivatives  $(421,836)  $(592,997)
Day one derivative loss   (45,485)   (125,408)
Total (loss)  $(467,321)  $(715,405)
Schedule of significant inputs
     
   December 31, 2021 
Quoted market price on valuation date  $0.0029 
Contractual conversion rate   $0.0001-$0.01 
Contractual term to maturity   0.005 Years – 1.0 Years 
Market volatility:     
Equivalent Volatility   90.12% - 170.73% 
Interest rate   8.00% 
Schedule of changes in fair value of derivatives
          
   December 31,   March 31, 
   2021   2021 
Beginning balance  $1,137,623   $58,790 
Issuances:          
Compound embedded derivatives   1,088,514    732,416 
Conversions   (287,897)   (859,352)
Derivative extinguished / debt repaid in cash   (160,989)   (126,892)
(Gain) loss on changes in fair value inputs and assumptions reflected in income   421,836    1,332,661 
Total  $2,199,087   $1,137,623