XML 86 R11.htm IDEA: XBRL DOCUMENT v3.24.2
Note 5 - Accounts Payable and Accrued Liabilities
12 Months Ended
Mar. 31, 2024
Statement Line Items [Line Items]  
Disclosure of trade and other payables [text block]

5.

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

 

Accounts payables and accrued liabilities for the Company are broken down as follows:

 

  

March 31,

2024

  

March 31,

2023

  

March 31,

2022

 
             

Trade payables

 $1,101,757  $884,741  $603,002 

Advance royalty payable

  301,967   313,001   261,685 

Accrued liabilities

  91,484   311,004   68,778 

Due to related parties (Note 9)

  86,980   112,975   99,027 
             

Trade payables

 $1,582,188  $1,621,721  $1,032,492 

 

During the year ended March 31, 2023, the Company wrote-off $Nil (2023 - $184,813; 2022 - $NIL) of accounts payable resulting in a gain on forgiveness of debt of $Nil (2023 - $184,813; 2022$Nil).   In addition, during the year ended March 31, 2024, the Company recorded a $Nil (2023 - $Nil; 2022 - $93,658 loss on forgiveness of debt, by issuing 20,000 common shares valued at $380,000 to settle $279,644 of debt with a non-related party and recorded $100,356 as loss on the settlement and a gain on forgiveness of debt in the amount of $6,668).