| SCHEDULE OF DERIVATIVE AND WARRANT AT FAIR VALUE |
The
following is a summary of activity of Level 3 derivatives during the six months ended September 30, 2022 and the year ended March 31,
2022:
SCHEDULE OF
DERIVATIVE AND WARRANT AT FAIR VALUE
Derivatives
| |
|
September 30, 2022 |
|
|
March 31, 2022 |
|
| |
|
(unaudited) |
|
|
|
|
| Derivative liability balance at beginning of period |
|
$ |
13,101,000 |
|
|
$ |
- |
|
| Reclass to equity upon conversion or redemption |
|
|
- |
|
|
|
- |
|
| Additions to derivatives |
|
|
- |
|
|
|
12,985,000 |
|
| Change in fair value |
|
|
16,927,000 |
|
|
|
116,000 |
|
| Balance at end of period |
|
$ |
30,028,000 |
|
|
$ |
13,101,000 |
|
Warrant
liability
| |
|
September 30, 2022 |
|
|
March 31, 2022 |
|
| |
|
(unaudited) |
|
|
|
|
| Warrant liability balance at beginning of period |
|
$ |
3,923,000 |
|
|
$ |
- |
|
| Additions to warrant liability |
|
|
- |
|
|
|
5,910,000 |
|
| Reclass to equity upon cancellation or exercise |
|
|
- |
|
|
|
- |
|
| Change in fair value |
|
|
(1,876,000 |
) |
|
|
(1,987,000 |
) |
| Balance at end of period |
|
$ |
2,047,000 |
|
|
$ |
3,923,000 |
|
|