BIOTRICITY INC
For the period ended Mar 31, 2024. Filed Jun 27, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jun 27, 2024
BTCY$0.06+7.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(Expressed in US dollars)
| Year ended March 31, 2024 | Year ended March 31, 2023 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss before dividends | (14,094,283) | (18,658,143) |
| Adjustments to reconcile net loss to net cash used in operations | ||
| Stock based compensation | 1,025,930 | 647,631 |
| Issuance of shares for services | 116,127 | 150,418 |
| Issuance of warrants for services, at fair value | — | 232,526 |
| Accretion and amortization expenses | 2,172,920 | 743,459 |
| Change in fair value of derivative liabilities | (9,777) | 483,873 |
| (Gain) Loss on debt conversion and redemption | (18,539) | 71,119 |
| Loss on debt and warrant modification | 59,161 | 126,158 |
| Property and equipment depreciation | 5,953 | 5,953 |
| Non cash lease expense | 365,899 | 340,307 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (298,248) | 686,197 |
| Inventory | 457,604 | (1,494,082) |
| Deposits and other receivables | 252,143 | (224,819) |
| Accounts payable and accrued liabilities | 3,271,198 | 3,341,468 |
| Net cash used in operating activities | (6,693,912) | (13,547,935) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Issuance of common shares, net | 119,285 | — |
| Issuance of preferred shares, net | 2,825,000 | — |
| Redemption of preferred shares | — | (895,556) |
| Exercise of warrants for cash | — | 12,500 |
| Proceeds from convertible debentures, net | 2,962,386 | 2,355,318 |
| Proceeds from short term loan and promissory notes, net | 853,030 | 1,476,121 |
| Preferred Stock Dividend | (18,016) | (946,780) |
| Net cash provided by financing activities | 6,741,685 | 2,001,603 |
| Effect of foreign currency translation | 167,827 | 49,863 |
| Net increase (decrease) in cash during the year | 47,773 | (11,546,332) |
| Cash, beginning of year | 570,460 | 12,066,929 |
| Cash, end of year | 786,060 | 570,460 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | 2,022,221 | 1,620,012 |
| Taxes | — | — |
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