MOBETIZE, CORP.

CIK:0001546679|SEC Filings

Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
OPERATING REVENUES
Revenues	$ 62,462	$ 65,789	$ 151,218	$ 181,519
OPERATING EXPENSES
Depreciation	794	884	1,597	1,655
General and administrative	96,602	93,066	187,908	205,598
General and administrative - related party	57,456	17,046	76,522	26,787
Investor relations and promotion	2,607	0	2,607	0
Investor relations and promotion - related party	0	60,000	10,000	77,078
Consulting fees	1,170	5,871	8,420	12,351
Management fees - related party	28,911	45,718	66,195	93,089
Professional fees	106,992	124,172	128,661	260,901
Research and development	39,282	127,932	73,757	255,372
Research and development - related party	23,319	43,441	49,858	75,815
Total Operating Expenses	357,133	518,130	605,525	1,008,646
LOSS BEFORE OTHER ITEMS	(294,671)	(452,341)	(454,307)	(827,127)
OTHER ITEMS
Loss on joint venture	(7,877)	(7,973)	(15,668)	(10,713)
Loss on settlement of accounts payable	0	0	0	(14,676)
NET LOSS	$ (302,548)	$ (460,314)	$ (469,975)	$ (852,516)
NET LOSS PER SHARE
Basic and diluted	$ (1.29)	$ (1.96)	$ (2.00)	$ (3.64)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
Basic and diluted	234,514	234,514	234,514	234,514
COMPREHENSIVE LOSS
Net loss	$ (302,548)	$ (460,314)	$ (469,975)	$ (852,516)
Other comprehensive loss:
Cumulative translation adjustment	3,606	3,092	4,387	(2,781)
Comprehensive loss	$ (298,942)	$ (457,222)	$ (465,588)	$ (855,297)

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (469,975)	$ (852,516)
Items not affecting cash:
Amortization of intangible asset - research and development	0	10,103
Depreciation	1,597	1,655
Interest accrued on accounts payable - related party	0	1,973
Loss on joint venture	15,668	10,713
Loss on settlement of accounts payable	0	14,676
Stock-based compensation	4,309	32,907
Changes in non-cash working capital:
Accounts receivable	27,388	66,177
Prepaid expenses and deposits	1,167	(5,202)
Prepaid expenses and deposits - related party	0	15,639
Accounts payables and accrued liabilities	27,387	70,807
Accounts payable and accrued liabilities - related party	144,709	83,088
Deposits due to customers	(7,760)	0
Net cash used in operating activities	(255,510)	(549,980)
CASH FLOWS FROM FINANCING ACTIVITES
Proceeds from promissory note	25,000	20,152
Proceeds from promissory note, net of prepaid interest-related party	244,576	100,000
Net cash provided by financing activities	269,576	120,152
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(1,739)	(1,960)
NET INCREASE (DECREASE) IN CASH	12,327	(431,788)
CASH - BEGINNING OF PERIOD	11,542	535,438
CASH - END OF PERIOD	23,869	103,650
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Shares issued upon conversion of convertible debentures	0	240,000
Shares issued to settle accounts payable	0	34,568
Transfer from intangible asset to investment in joint venture	0	101,541
SUPPLEMENTAL DISCLOSURES:
Interest paid	0	0
Income taxes paid	$ 0	$ 0

Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2018	Mar. 31, 2018
Current Assets:
Cash	$ 23,869	$ 11,542
Accounts receivable	13,231	40,619
Prepaid expenses and deposits	20,903	22,070
Total Current Assets	58,003	74,231
Equipment, net (Note 4)	3,053	4,655
Investment in joint venture (Note 3)	59,559	75,227
TOTAL ASSETS	120,615	154,113
Current Liabilities:
Accounts payable and accrued liabilities	343,980	316,593
Accounts payable and accrued liabilities - related party (Note 6)	141,170	547,509
Deposits due to customers	980	8,740
Promissory note (Note 5)	25,000	0
Promissory notes - related party (Note 6)	440,299	294,400
Total Current Liabilities	951,429	1,167,242
Convertible promissory notes (Note 7)	649,395	0
TOTAL LIABILITIES	1,600,824	1,167,242
STOCKHOLDERS' DEFICIENCY
Common stock, $0.001 Par Value: 250,000,000 authorized and 14,285,255 common shares issued and outstanding (Note 8(a))	14,286	235
Warrants reserve	676,964	676,964
Options reserve	1,004,042	999,733
Additional paid-in capital	6,228,999	6,228,999
Accumulated other comprehensive loss	(16,421)	(15,007)
Accumulated deficit	(9,392,876)	(8,922,901)
Total Stockholders' Deficiency	(1,480,209)	(1,013,129)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY	120,615	154,113
Series B Preferred Stock [Member]
STOCKHOLDERS' DEFICIENCY
Preferred stock value	4,797	14,283
Series A Preferred Stock [Member]
STOCKHOLDERS' DEFICIENCY
Preferred stock value	$ 0	$ 4,565