XML 21 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2021
Mar. 31, 2021
Mar. 31, 2020
CURRENT ASSETS      
Cash and cash equivalents $ 3,380,968 $ 1,468,465 $ 3,122,134
Prepaid expenses 80,830 178,158 63,853
Other current assets 4,632 2,466 306
TOTAL CURRENT ASSETS 3,466,430 1,649,089 3,186,293
Property and equipment, net 294,384 298,958 301,308
Right of use asset, net 181,499 200,124 270,950
Security deposit 100,000 100,000 100,000
TOTAL NON-CURRENT ASSETS 575,883 599,082 672,258
TOTAL ASSETS 4,042,313 2,248,171 3,858,551
CURRENT LIABILITIES      
Accounts payable 462,615 169,284 367,019
Accrued expenses 511,990 499,948 202,160
Short-term lease liability 130,142 125,500 92,214
PPP note payable 368,780
Convertible notes payable 4,369,440 2,133,453
TOTAL CURRENT LIABILITIES 5,474,187 3,296,965 661,393
LONG-TERM LIABILITIES’      
Long-term lease liability 149,614 184,355 178,736
Bonus payable 42,000 140,000
TOTAL LIABILITIES 5,623,801 3,523,320 980,129
STOCKHOLDERS’ EQUITY (DEFICIT)      
Preferred Stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding
Common Stock, $0.001 par value, 50,000,000 shares authorized, 18,906,148 shares and 17,870,261 shares issued and outstanding as of March 31, 2021 and 2020, respectively 18,972 18,906 17,870
Additional paid-in capital 19,181,641 14,652,955 10,505,592
Common stock issuable  
Accumulated deficit (20,782,101) (15,947,010) (8,569,034)
TOTAL STOCKHOLDERS’ DEFICIT (1,581,488) (1,275,149) 2,878,422
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 4,042,313 2,248,171 3,858,551
Common stock issuable   923,994
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) (1,581,488) (1,275,149) 2,878,422
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 4,042,313 $ 2,248,171 $ 3,858,551