BIOTRICITY INC
For the period ended Mar 31, 2024. Filed Jun 27, 2024.
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FY2024 · Filed Jun 27, 2024
BTCY$0.14+7.5%Stored close · as of Jul 8, 2026
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Consolidated Balance Sheets
| As at March 31, 2024 | As at March 31, 2023 | |
|---|---|---|
| $ | $ | |
| CURRENT ASSETS | ||
| Cash | 786,060 | 570,460 |
| Accounts receivable, net | 1,468,655 | 1,224,137 |
| Inventory [Note 3] | 1,879,402 | 2,337,006 |
| Deposits and other receivables | 336,456 | 588,599 |
| Total current assets | 4,470,573 | 4,720,202 |
| Deposits and other receivables [Note 12] | 85,000 | 85,000 |
| Long-term accounts receivable | 149,907 | 96,344 |
| Property and equipment [Note 13] | 15,552 | 21,506 |
| Operating right of use assets [Note 12] | 1,221,593 | 1,587,492 |
| TOTAL ASSETS | 5,942,625 | 6,510,544 |
| CURRENT LIABILITIES | ||
| Accounts payable and accrued liabilities [Note 4] | 9,613,118 | 5,042,476 |
| Convertible promissory notes and short term loans [Note 5] | 9,236,471 | 4,774,468 |
| Term loan, current | 2,400,000 | — |
| Derivative liabilities [Note 8] | 991,866 | 1,008,216 |
| Operating lease obligations, current [Note 10] | 457,371 | 335,608 |
| Total current liabilities | 22,698,826 | 11,160,768 |
| Federally guaranteed loans [Note 7] | 870,800 | 870,800 |
| Term loan [Note 6] | 9,985,033 | 12,178,809 |
| Derivative liabilities [Note 8] | 1,435,668 | 759,065 |
| Operating lease obligations | 929,115 | 1,386,487 |
| TOTAL LIABILITIES | 35,919,442 | 26,355,929 |
| MEZZANINE EQUITY | ||
| Series B Convertible Redeemable preferred stock, $0.001 par value, 600 and no shares authorized as of March 31, 2024 and March 31, 2023, respectively, 265 and no shares issued and outstanding as of March 31, 2024 and March 31, 2023, respectively [Note 9] | 1,488,920 | — |
| STOCKHOLDERS’ DEFICIENCY | ||
| Preferred stock, $0.001 par value, 9,979,400 and 9,980,000 shares authorized as of March 31, 2024 and March 31, 2023, respectively, 1 share issued and outstanding as of March 31, 2024 and March 31, 2023 [Note 9] | 1 | 1 |
| Preferred stock, $0.001 par value, 20,000 and 20,000 authorized as at March 31, 2024 and March 31, 2023, respectively, 6,304 and 6,304 preferred shares issued and outstanding as at March 31, 2024 and as at March 31, 2023, respectively [Note 9] | 6 | 6 |
| Common stock, $0.001 par value, 125,000,000 authorized as at March 31, 2024 and March 31, 2023, respectively. Issued and outstanding common shares: 9,353,768 and 8,508,052 as at March 31, 2024 and March 31, 2023, respectively, and exchangeable shares of 160,672 and 244,458 outstanding as at March 31, 2024 and March 31, 2023, respectively [Note 9] | 9,515 | 8,753 |
| Shares to be issued (344,276 and 3,955 shares of common stock as at March 31, 2024 and March 31, 2023, respectively) [Note 9] | 269,065 | 24,999 |
| Additional paid-in-capital | 95,723,083 | 92,844,478 |
| Accumulated other comprehensive gain (loss) | 32,378 | (152,797) |
| Accumulated deficit | (127,499,785) | (112,570,825) |
| Total stockholders’ deficiency | (31,465,737) | (19,845,385) |
| TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ DEFICIENCY | 5,942,625 | 6,510,544 |
Commitments and contingencies*[Note 11]*
Subsequent events*[Note 14]*
See accompanying notes to consolidated financial statements
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