Quarterly report pursuant to Section 13 or 15(d)

Restatement

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Restatement
6 Months Ended
Sep. 30, 2014
Restatement [Abstract]  
Restatement
11. Restatement

 

The Company restated its consolidated financial statements as at March 31, 2014 and for the year then ended to reflect further impairment of its intangible asset. This restatement was filed in an amended Form-10K for the year ended March 31, 2014.

 

The impact of the restatement as at September 30, 2014 and for the six months then ended is summarized below:

 

Consolidated Balance Sheet

 

      As At September 30, 2014  
      As Reported 
$
    Adjustment 
$
    As Restated 
$
 
                     
  Assets                  
   
  Intangible assets     22,913,102       (9,540,724 )     13,372,378  
                           
  Stockholders’ Equity (Deficit)                        
                           
  Deficit     (42,176,863 )     (9,540,724 )     (51,717,587 )