DERIVATIVE LIABILITIES (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | |
|---|---|---|---|
Jan. 31, 2023 |
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||
| Warrants issued | 4,796,206 | ||
| Volatility interest rate | 100.00% | ||
| Notional amount | $ 4,250,000 | $ 6,250,000 | |
| Leveraged amount | 8,500,000 | 12,500,000 | |
| Contractual notional amount | $ 2,000,000 | 250,000 | |
| Description of conversion terms for debt instrument | On each monthly settlement date, if the USD/GBP spot rate is above $1.359, the Company has the right to convert $250,000 USD into GBP at a fixed rate of $1.359. If the spot rate is between $1.359 and $1.319 on the settlement date, the Company has no obligations, but can convert $250,000 USD into GBP at the spot rate. Finally, if the spot rate is below $1.319 on the settlement date, the Company is obligated to convert $500,000 USD (the settlement date leveraged amount) into GBP at the fixed rate of $1.359. Alternatively, instead of selling $500,000 USD, the Company can pay the difference in the spot rate and the $1.359 exchange rate for $500,000 USD (net settle) to the counterparty. | ||
| Leverage leveraged amount | $ 4,000,000 | ||
| Deposit on foreign exchange contract | $ 909,666 | $ 0 | |