9. CONVERTIBLE PROMISSORY NOTE DERIVATIVE LIABILITY: Fair Value Measurements, Recurring and Nonrecurring (Tables)

9 Months Ended

Dec. 31, 2022

Fair Value Measurements, Recurring and Nonrecurring

	December 31, 2022	September 30, 2022	June 30, 2022	March 31, 2022
Closing share price	$0.0004	$0.00095	$0.0019	$0.0052
Conversion price	$0.0004	$0.0009	$0.0019 - $0.0020	$0.0049 - $0.0051
Risk free rate	4.76%	3.50% - 3.92%	1.72% - 2.92%	1.06% - 1.50%
Expected volatility	123%	132% - 138%	134% - 202%	159% - 195%
Dividend yield	0%	0%	0%	0%
Expected life (years)	0.42	0.44- 0.67	0.25- 0.77	0.50 – 0.94

Continuity of the Fair value of the Conversion Option Derivative Liabilities	Three months Ended December 31, 2022	Nine months Ended December 31, 2022	Three months Ended December 31, 2021	Nine months Ended December 31, 2021
Opening	$43,831	$163,230	$163,070	$138,539
Initial value	-	52,038	36,673	178,652
Decrease in fair value	(39,959)	(211,396)	(47,839)	(165,287)
Closing	$3,872	$3,872	$151,904	$151,904

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

Mexus Gold US 10-Q