2022 Form 10-K Financial Statement
#000149315222019256 Filed on July 14, 2022
Income Statement
Concept | 2022 | 2021 Q1 | 2021 |
---|---|---|---|
Revenue | $7.650M | $1.187M | $3.385M |
YoY Change | 126.02% | 227.08% | 138.75% |
Cost Of Revenue | $3.080M | $468.3K | $2.112M |
YoY Change | 45.84% | -22.58% | 126.63% |
Gross Profit | $4.570M | $718.7K | $1.273M |
YoY Change | 259.08% | -397.05% | 162.0% |
Gross Profit Margin | 59.74% | 60.55% | 37.6% |
Selling, General & Admin | $19.30M | $3.086M | $12.08M |
YoY Change | 59.8% | -17.94% | 20.13% |
% of Gross Profit | 422.28% | 429.4% | 948.92% |
Research & Development | $2.745M | $551.5K | $2.059M |
YoY Change | 33.29% | 14.05% | 51.05% |
% of Gross Profit | 60.05% | 76.73% | 161.79% |
Depreciation & Amortization | $2.308K | $0.00 | |
YoY Change | |||
% of Gross Profit | 0.05% | 0.0% | |
Operating Expenses | $22.59M | $3.638M | $14.62M |
YoY Change | 54.47% | -14.3% | 28.1% |
Operating Profit | -$18.02M | -$2.919M | -$13.35M |
YoY Change | 34.97% | -34.94% | 22.15% |
Interest Expense | $379.5K | -$2.086M | -$2.969M |
YoY Change | -112.78% | 3042.84% | 3112.89% |
% of Operating Profit | |||
Other Income/Expense, Net | $15.12K | -$363.3K | $36.64K |
YoY Change | -58.73% | 701.08% | -183.57% |
Pretax Income | -$29.13M | -$5.472M | -$15.49M |
YoY Change | 88.05% | 18.99% | 39.98% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$29.13M | -$5.472M | -$15.49M |
YoY Change | 88.05% | 18.99% | 39.98% |
Net Earnings / Revenue | -380.78% | -460.94% | -457.67% |
Basic Earnings Per Share | -$0.67 | -$0.44 | |
Diluted Earnings Per Share | -$640.9K | -$140.4K | -$412.8K |
COMMON SHARES | |||
Basic Shares Outstanding | 45.45M shares | 37.52M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 | 2021 Q1 | 2021 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $12.07M | $2.202M | $2.202M |
YoY Change | 448.11% | 131.78% | 131.78% |
Cash & Equivalents | $2.202M | ||
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | $842.9K | $272.5K | $272.5K |
Prepaid Expenses | |||
Receivables | $2.007M | $1.521M | $1.521M |
Other Receivables | $406.3K | $326.7K | $326.7K |
Total Short-Term Assets | $15.32M | $4.322M | $4.322M |
YoY Change | 254.57% | 160.52% | 160.52% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.270M | $66.12K | |
YoY Change | 1820.99% | -75.0% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $1.355M | $116.5K | $116.5K |
YoY Change | 1063.53% | -66.3% | -66.3% |
TOTAL ASSETS | |||
Total Short-Term Assets | $15.32M | $4.322M | $4.322M |
Total Long-Term Assets | $1.355M | $116.5K | $116.5K |
Total Assets | $16.68M | $4.438M | $4.438M |
YoY Change | 275.8% | 121.41% | 121.41% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.159M | $1.041M | $1.041M |
YoY Change | 11.34% | -4.82% | -4.82% |
Accrued Expenses | $1.647M | $1.479M | $1.537M |
YoY Change | 7.13% | 130.82% | 139.91% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $1.540M | $4.278M | $4.278M |
YoY Change | -64.0% | 106.84% | 106.84% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $4.867M | $10.49M | $10.49M |
YoY Change | -53.61% | 175.84% | 175.84% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $12.48M | $370.9K | $370.9K |
YoY Change | 3265.72% | ||
Other Long-Term Liabilities | $1.472M | $410.0K | $410.0K |
YoY Change | 259.09% | -65.88% | -65.88% |
Total Long-Term Liabilities | $13.96M | $780.9K | $780.9K |
YoY Change | 1687.06% | -35.02% | -35.02% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.867M | $10.49M | $10.49M |
Total Long-Term Liabilities | $13.96M | $780.9K | $780.9K |
Total Liabilities | $18.82M | $11.27M | $11.27M |
YoY Change | 67.0% | 125.21% | 125.21% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$62.82M | ||
YoY Change | |||
Common Stock | $39.02K | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$2.145M | -$6.833M | -$6.833M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $16.68M | $4.438M | $4.438M |
YoY Change | 275.8% | 121.41% | 121.41% |
Cashflow Statement
Concept | 2022 | 2021 Q1 | 2021 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$29.13M | -$5.472M | -$15.49M |
YoY Change | 88.05% | 18.99% | 39.98% |
Depreciation, Depletion And Amortization | $2.308K | $0.00 | |
YoY Change | |||
Cash From Operating Activities | -$15.16M | -$3.580M | -$11.08M |
YoY Change | 36.84% | 21.23% | 40.93% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $29.77K | ||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$29.77K | ||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $250.0K | $0.00 | |
YoY Change | -100.0% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $25.17M | 2.586M | $12.20M |
YoY Change | 106.24% | -541.71% | 37.44% |
NET CHANGE | |||
Cash From Operating Activities | -$15.16M | -3.580M | -$11.08M |
Cash From Investing Activities | -$29.77K | ||
Cash From Financing Activities | $25.17M | 2.586M | $12.20M |
Net Change In Cash | $9.975M | -993.4K | $1.123M |
YoY Change | 788.53% | -71.93% | 10.45% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$15.16M | -$3.580M | -$11.08M |
Capital Expenditures | $29.77K | ||
Free Cash Flow | -$15.19M | -$11.08M | |
YoY Change | 37.11% |
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LossUponConvertiblePromissoryNotesConversion
|
103735 | usd |
CY2022 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-9286023 | usd |
CY2021 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-2481155 | usd |
CY2022 | BTCY |
Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
|
976242 | usd |
CY2021Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4438033 | usd |
CY2022 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-683559 | usd |
CY2021 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
408872 | usd |
CY2022 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
3080116 | usd |
CY2021 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
2112035 | usd |
CY2022 | us-gaap |
Gross Profit
GrossProfit
|
4570153 | usd |
CY2021 | us-gaap |
Gross Profit
GrossProfit
|
1272732 | usd |
CY2022 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
19845939 | usd |
CY2021 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
12565396 | usd |
CY2022 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2744587 | usd |
CY2021 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2059130 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
22590526 | usd |
CY2021 | us-gaap |
Operating Expenses
OperatingExpenses
|
14624526 | usd |
CY2022 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
15120 | usd |
CY2021 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
36636 | usd |
CY2022 | BTCY |
Loss Upon Convertible Promissory Notes Conversion
LossUponConvertiblePromissoryNotesConversion
|
1155642 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-29130477 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-15491176 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-29130477 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15491176 | usd |
CY2022 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
1088977 | usd |
CY2021 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
962148 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-30219454 | usd |
CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-16453324 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-134470 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
223121 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-30353924 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-16230203 | usd |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.665 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.438 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
45449720 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
37522978 | shares |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6833164 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
250000 | usd |
CY2022 | BTCY |
Issuance Of Preferred Shares For Private Placement Investors
IssuanceOfPreferredSharesForPrivatePlacementInvestors
|
100000 | usd |
CY2022 | BTCY |
Adjustment To Additional Paid In Capital Derivative Liabilities Adjustment Pursuant To Issuance Of Preferred Shares
AdjustmentToAdditionalPaidInCapitalDerivativeLiabilitiesAdjustmentPursuantToIssuanceOfPreferredShares
|
-17084 | usd |
CY2022 | BTCY |
Issuance Of Shares From Uplisting
IssuanceOfSharesFromUplisting
|
14545805 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
15678454 | usd |
CY2022 | BTCY |
Conversion Of Preferred Shares Into Common Shares
ConversionOfPreferredSharesIntoCommonShares
|
633805 | usd |
CY2022 | BTCY |
Preferred Stock Purchased Back Via Cash
PreferredStockPurchasedBackViaCash
|
-193448 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
1414449 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15491176 | usd |
CY2021 | BTCY |
Preferred Stock Dividends
PreferredStockDividends
|
962148 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
60665 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
156590 | usd |
CY2022 | BTCY |
Adjustments To Additional Paid In Capital Issuancof Warrants For Services
AdjustmentsToAdditionalPaidInCapitalIssuancofWarrantsForServices
|
740156 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
|
913613 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6833164 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
948997 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
752353 | usd |
CY2022 | BTCY |
Cashless Exercise Of Warrants Value
CashlessExerciseOfWarrantsValue
|
360 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-134470 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-29130477 | usd |
CY2022 | BTCY |
Preferred Stock Dividends
PreferredStockDividends
|
1088977 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2144736 | usd |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-3000393 | usd |
CY2021 | BTCY |
Issuance Of Preferred Shares For Private Placement Investors
IssuanceOfPreferredSharesForPrivatePlacementInvestors
|
215000 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
5758572 | usd |
CY2021 | BTCY |
Issuance Costs Warrants To Brokers
IssuanceCostsWarrantsToBrokers
|
1258878 | usd |
CY2021 | BTCY |
Adjustment To Additional Paid In Capital Derivative Liabilities Adjustment Pursuant To Issuance Of Preferred Shares
AdjustmentToAdditionalPaidInCapitalDerivativeLiabilitiesAdjustmentPursuantToIssuanceOfPreferredShares
|
-41749 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
1076561 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
2598863 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
740772 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
|
790535 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
223121 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-29130477 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-15491176 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
913613 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
790535 | usd |
CY2022 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
1414449 | usd |
CY2021 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
2530922 | usd |
CY2022 | BTCY |
Issuance Of Warrants For Services At Fair Value
IssuanceOfWarrantsForServicesAtFairValue
|
541443 | usd |
CY2021 | BTCY |
Issuance Of Warrants For Services At Fair Value
IssuanceOfWarrantsForServicesAtFairValue
|
740772 | usd |
CY2022 | us-gaap |
Accretion Expense
AccretionExpense
|
9286023 | usd |
CY2021 | us-gaap |
Accretion Expense
AccretionExpense
|
2481155 | usd |
CY2022 | BTCY |
Change In Fair Value Of Derivative Liabilities
ChangeInFairValueOfDerivativeLiabilities
|
-683559 | usd |
CY2021 | BTCY |
Change In Fair Value Of Derivative Liabilities
ChangeInFairValueOfDerivativeLiabilities
|
408872 | usd |
CY2022 | BTCY |
Loss On Debt Conversion
LossOnDebtConversion
|
1155642 | usd |
CY2021 | BTCY |
Loss On Debt Conversion
LossOnDebtConversion
|
103735 | usd |
CY2021 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
1200000 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
2308 | usd |
CY2022 | BTCY |
Lease Expenses
LeaseExpenses
|
87639 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
435484 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1036892 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
570431 | usd |
CY2021 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
186773 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-11080831 | usd |
CY2021 | BTCY |
Repayments Of Preferred Stock Dividend
RepaymentsOfPreferredStockDividend
|
602969 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
25168230 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-29767 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
250000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
100000 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
200000 | usd |
CY2022 | us-gaap |
Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
|
230000 | usd |
CY2022 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
872292 | usd |
CY2021 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
67941 | usd |
CY2022 | BTCY |
Federal Guaranteed Loans
FederalGuaranteedLoans
|
499900 | usd |
CY2021 | BTCY |
Federal Guaranteed Loans
FederalGuaranteedLoans
|
1570900 | usd |
CY2021 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
11375690 | usd |
CY2022 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
-1660220 | usd |
CY2021 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
-408082 | usd |
CY2022 | BTCY |
Proceeds From Issuance Of Shares From Uplisting
ProceedsFromIssuanceOfSharesFromUplisting
|
14545805 | usd |
CY2022 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
11756563 | usd |
CY2022 | BTCY |
Repayments Of Preferred Stock Dividend
RepaymentsOfPreferredStockDividend
|
966110 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
12203480 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-109712 | usd |
CY2021 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
129065 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
9975079 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
1122649 | usd |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2201562 | usd |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
949848 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
12066929 | usd |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2201562 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
553265 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
204161 | usd |
CY2022 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_80F_eus-gaap--NatureOfOperations_zsePN8hk9RF4" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_826_z6e5XGAVeq29">NATURE OF OPERATIONS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Biotricity Inc. (formerly MetaSolutions, Inc.) (the “Company”) was incorporated under the laws of the State of Nevada on August 29, 2012. iMedical Innovations Inc. (“iMedical”) was incorporated on July 3, 2014 under the laws of the Province of Ontario, Canada and became a wholly-owned subsidiary of Biotricity through reverse take-over, which took place on February 2, 2016.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Both the Company and iMedical are engaged in research and development activities within the remote monitoring segment of preventative care. They are focused on a realizable healthcare business model that has an existing market and commercialization pathway. As such, its efforts to date have been devoted in building technology that enables access to this market through the development of a tangible product.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-93037142 | usd |
CY2022Q1 | BTCY |
Working Capital Deficit
WorkingCapitalDeficit
|
10455997 | usd |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
14545805 | usd | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
11756563 | usd | |
CY2022 | us-gaap |
Revenue Recognition Leases Operating
RevenueRecognitionLeasesOperating
|
<p id="xdx_84F_eus-gaap--RevenueRecognitionLeasesOperating_zgDpU7cdhqra" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline"><span id="xdx_86F_zdzM3nR5QJIj">Revenue Recognition</span></span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company adopted Accounting Standards Codification Topic 606, “Revenue from Contracts with Customers” (“ASC 606”) on April 1, 2018. In accordance with ASC 606, revenue is recognized when promised goods or services are transferred to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services by applying the core principles – 1) identify the contract with a customer, 2) identify the performance obligations in the contract, 3) determine the transaction price, 4) allocate the transaction price to performance obligations in the contract, and 5) recognize revenue as performance obligations are satisfied.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Bioflux mobile cardiac telemetry device, a wearable device, is worn by patients for a monitoring period up to 30 days. The cardiac data that the device monitors and collects is curated and analyzed by the Company’s proprietary algorithms and then securely communicated to a remote monitoring facility for electronic reporting and conveyance to the patient’s prescribing physician or other certified cardiac medical professional. Revenues earned with respect to this device are comprised of device sales revenues and technology fee revenues (technology as a service). The device, together with its licensed software, is available for sale to the medical center or physician, who is responsible for the delivery of clinical diagnosis and therapy. The remote monitoring, data collection and reporting services performed by the technology culminate in a patient study that is generally billable when it is complete and is issued to the physician. In order to recognize revenue, management considers whether or not the following criteria are met: persuasive evidence of a commercial arrangement exists, and delivery has occurred or services have been rendered. For sales of devices, which are invoiced directly, additional revenue recognition criteria include that the price is fixed and determinable and collectability is reasonably assured; for device sales contracts with terms of more than one year, the Company recognizes any significant financing component as revenue over the contractual period using the effective interest method, and the associated interest income is reflected accordingly on the statement of operations and included in other income; for revenue that is earned based on customer usage of the proprietary software to render a patient’s cardiac study, the Company recognizes revenue when the study ends based on a fixed billing rate. Costs associated with providing the services are recorded as the service is provided regardless of whether or when revenue is recognized.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company may also earn service-related revenue from contracts with other counterparties with which it consults. This contract work is separate and distinct from services provided to clinical customers, but may be with a reseller or other counterparties that are working to establish their operations in foreign jurisdictions or ancillary products or market segments in which the Company has expertise and may eventually conduct business.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_892_eus-gaap--ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock_zcgyKW7R57cd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company recognized the following forms of revenue for the fiscal years ended March 31, 2022 and 2021:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B2_zr8f00IDEm37" style="display: none">SCHEDULE OF REVENUE RECOGNITION</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49A_20210401__20220331_zv64qIA8JzH7" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_499_20200401__20210331_zPVEorcuN4c2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">$</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">$</td><td style="font-weight: bold"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__custom--DeviceSalesMember_zLkctTeTLJg6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Device sales</td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right">995,876</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 16%; font-weight: bold; text-align: right">635,901</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__custom--TechnologyFeesMember_zxfe8czN8Y01" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Technology fees</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">5,904,393</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,748,866</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ProductOrServiceAxis__custom--ServiceRelatedAndOtherRevenueMember_z5D2fDCwCzSh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Service-related and other revenue</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">750,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0703">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_zrR56lnczjij" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt"> <span style="display: none; font-family: Times New Roman, Times, Serif">Revenue</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">7,650,269</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">3,384,767</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"/><p id="xdx_8A5_zpIVhTiDDOlj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> | |
CY2022Q1 | BTCY |
Convertible Promissory Notes And Short Term Loans
ConvertiblePromissoryNotesAndShortTermLoans
|
1540000 | usd |
CY2021Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
12000000 | usd |
CY2021Q4 | us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2026-12-21 | |
CY2021Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
144953 | usd |
CY2021Q4 | us-gaap |
Business Exit Costs1
BusinessExitCosts1
|
12000000 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7650269 | usd |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3384767 | usd |
CY2021Q4 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
1574068 | usd |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
CY2021 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
CY2021Q2 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
501200 | usd |
CY2021Q2 | BTCY |
Derivative Loss Accretion Expense
DerivativeLossAccretionExpense
|
2335167 | usd |
CY2021Q4 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
1042149 | usd |
CY2021Q2 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
1157500 | usd |
CY2021Q2 | BTCY |
Convertible Promissory Notes And Short Term Loans
ConvertiblePromissoryNotesAndShortTermLoans
|
3795465 | usd |
CY2022Q1 | BTCY |
Accretion Of Debt Discount
AccretionOfDebtDiscount
|
353588 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
54822 | usd |
CY2022Q1 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
1159477 | usd |
CY2021Q1 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
1041385 | usd |
CY2022Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1436270 | usd |
CY2021Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1478739 | usd |
CY2022Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
2595747 | usd |
CY2021Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
2520124 | usd |
CY2022Q1 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
2851 | usd |
CY2021Q1 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
182995 | usd |
CY2021 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
151797 | usd |
CY2021Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
1.06 | |
CY2021Q1 | BTCY |
Convertible Promissory Notes And Short Term Loans
ConvertiblePromissoryNotesAndShortTermLoans
|
2617798 | usd |
CY2021Q2 | BTCY |
Accretion Of Debt Discount
AccretionOfDebtDiscount
|
1833967 | usd |
CY2021Q3 | BTCY |
Accretion Of Debt Discount
AccretionOfDebtDiscount
|
4627415 | usd |
CY2021Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
537304 | usd |
CY2021Q3 | BTCY |
Derivative Loss Accretion Expense
DerivativeLossAccretionExpense
|
5164719 | usd |
CY2021Q3 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
8679000 | usd |
CY2021Q3 | BTCY |
Convertible Promissory Notes And Short Term Loans
ConvertiblePromissoryNotesAndShortTermLoans
|
281184 | usd |
CY2021Q4 | BTCY |
Accretion Of Debt Discount
AccretionOfDebtDiscount
|
782726 | usd |
CY2021Q4 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
546604 | usd |
CY2021Q4 | BTCY |
Derivative Loss Accretion Expense
DerivativeLossAccretionExpense
|
1329330 | usd |
CY2021Q4 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
472500 | usd |
CY2021Q4 | BTCY |
Convertible Promissory Notes And Short Term Loans
ConvertiblePromissoryNotesAndShortTermLoans
|
1138014 | usd |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
57536 | shares |
CY2022Q1 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
48398 | usd |
CY2021Q4 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
198713 | usd |
CY2021Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
50000 | usd |
CY2021Q4 | us-gaap |
Debt Instrument Frequency Of Periodic Payment
DebtInstrumentFrequencyOfPeriodicPayment
|
on each February | |
CY2021Q4 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
193437 | usd |
CY2021Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
48484 | usd |
CY2021Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
410042 | usd |
CY2021Q3 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
121828 | usd |
CY2021Q4 | BTCY |
Reduction Due To Preferred Shares Redeemed Or Converted
ReductionDueToPreferredSharesRedeemedOrConverted
|
-472835 | usd |
CY2021Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
|
-644774 | usd |
CY2021Q4 | us-gaap |
Debt Instrument Date Of First Required Payment1
DebtInstrumentDateOfFirstRequiredPayment1
|
2022-02-15 | |
CY2021Q4 | us-gaap |
Debt Instrument Payment Terms
DebtInstrumentPaymentTerms
|
Pursuant to the Credit Agreement, the Company will be required to make interest only payments for the first 24 months (which may be extended to 36 months under prescribed circumstances), after which payments will include principal amortization that accommodates a 40% balloon principal payment at maturity. Prepayment of amounts owing under the Credit Agreement are allowed under prescribed circumstances | |
CY2021Q4 | BTCY |
Origination Fee Amount
OriginationFeeAmount
|
120000 | usd |
CY2021Q4 | BTCY |
Exit Fees
ExitFees
|
600000 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
379500 | usd |
CY2022 | us-gaap |
Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
|
153974 | usd |
CY2021Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
|
203525 | usd |
CY2021Q2 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
206517 | usd |
CY2021Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
|
17084 | usd |
CY2021Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
|
101773 | usd |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
7146572 | shares |
CY2021Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
293767 | usd |
CY2022Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
|
-58635 | usd |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
10843202 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
|
449174 | shares |
CY2022Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
352402 | usd |
CY2021Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
3633856 | usd |
CY2022Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
125000000 | shares |
CY2021Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
125000000 | shares |
CY2022Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2021Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2021Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
49810322 | shares |
CY2021Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
36124964 | shares |
CY2022Q1 | us-gaap |
Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
|
1466718 | shares |
CY2021Q1 | us-gaap |
Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
|
2889978 | shares |
CY2021 | us-gaap |
Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
|
1900042 | shares |
CY2022 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
250000 | shares |
CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
1414449 | usd |
CY2022Q1 | us-gaap |
Shares Outstanding
SharesOutstanding
|
123817 | shares |
CY2021Q1 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
97500 | shares |
CY2022Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
658355 | shares |
CY2021Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
97500 | shares |
CY2022Q1 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
446370 | shares |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
5396723 | shares |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
|
148750 | shares |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
1021430 | shares |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
6269403 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
|
2475273 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
97500 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
1459918 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
643534 | shares |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
9577644 | shares |
CY2021Q1 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
41256 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
11231073 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0000 | pure |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0000 | pure |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0000 | pure |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.72 | |
CY2021Q1 | us-gaap |
Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
|
7311800 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
16283 | usd |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.76 | |
CY2022 | BTCY |
Expected Forfeiture Attrition Rates
ExpectedForfeitureAttritionRates
|
0.0000 | pure |
CY2021 | BTCY |
Expected Forfeiture Attrition Rates
ExpectedForfeitureAttritionRates
|
0.0000 | pure |
CY2020 | BTCY |
Expected Forfeiture Attrition Rates
ExpectedForfeitureAttritionRates
|
0.0000 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.26 | pure |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-29130477 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15491176 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
|
-7573924 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
|
-4027706 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
3645962 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
1313530 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-24972 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-38579 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
3952934 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
2752755 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
|
11214790 | usd |
CY2021Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
7353056 | usd |
CY2022Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
43133807 | usd |
CY2021Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
28122308 | usd |
CY2022 | BTCY |
Operating Loss Carryforwards Expiration Date Description
OperatingLossCarryforwardsExpirationDateDescription
|
These losses will expire between 2035 to 2039 | |
CY2022Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.114 | pure |
CY2021Q1 | BTCY |
Operating Lease Right Of Use Asset Initial Recognition
OperatingLeaseRightOfUseAssetInitialRecognition
|
1308731 | usd |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
66031 | usd |
CY2022Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1242700 | usd |
CY2021Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1308730 | usd |
CY2022 | BTCY |
Operating Lease Repayment And Interest Accretion
OperatingLeaseRepaymentAndInterestAccretion
|
21608 | usd |
CY2022Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1330338 | usd |
CY2022Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
210320 | usd |
CY2022Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1120018 | usd |
CY2022 | BTCY |
Schedule Of Contractual Undiscounted Cashflows For Lease Obligation Table Textblock
ScheduleOfContractualUndiscountedCashflowsForLeaseObligationTableTextblock
|
<p id="xdx_89F_ecustom--ScheduleOfContractualUndiscountedCashflowsForLeaseObligationTableTextblock_z2xvQNKAICEa" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B3_zpjuH93dwZc2" style="display: none">SCHEDULE OF CONTRACTUAL UNDISCOUNTED CASH FLOWS FOR LEASE OBLIGATION</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">$</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%; text-align: left">Less than one year</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_c20220331__us-gaap--LeaseContractualTermAxis__custom--LessThanOneYearMember_pp0p0" style="width: 18%; text-align: right" title="Total undiscounted lease obligations">348,565</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Beyond one year</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_98B_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_c20220331__us-gaap--LeaseContractualTermAxis__custom--BeyondOneYearMember_pdp0" style="border-bottom: Black 1.5pt solid; text-align: right" title="Total undiscounted lease obligations">1,368,654</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Total undiscounted lease obligations</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_c20220331_pp0p0" style="border-bottom: Black 1.5pt solid; text-align: right" title="Total undiscounted lease obligations">1,717,219</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> | |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
1717219 | usd |
CY2022Q1 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
12928 | usd |
CY2022Q1 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
16839 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
2308 | usd |
CY2022 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
29767 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
29767 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
2308 | usd |
CY2022Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2308 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
27459 | usd |
CY2022 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
60000 | shares |