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Income Taxes (Tables)

12 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of income tax provision

		Year Ended March 31,
		2023				2022
Current portion:
Federal		$	—			$	—
State			1,600				1,600
			1,600				1,600
Deferred portion:
Federal			(2,933,000	)			(4,109,000	)
State			(1,467,000	)			(1,300,000	)
			(4,400,000	)			(5,409,000	)
Change in valuation allowance			4,400,000				5,409,000
Provision for income taxes		$	1,600			$	1,600

Schedule of reconciliation of income taxes provided at the federal statutory rate

		Year Ended March 31,
		2023				2022
Federal statutory rate			(21	)%			(21	)%
State tax rate, net of federal benefit			(6	)%			(7	)%
Research and development tax credits			(6	)%			(2	)%
Change in valuation allowance			29	%			30	%
Other			4	%			—	%
Effective income tax rate			—	%			—	%

Schedule of significant components of the company’s deferred tax assets and liabilities

		March 31,
		2023				2022
Net operating loss carryforwards		$	8,742,000			$	7,731,000
Stock-based compensation expense			2,587,000				1,824,000
Property and equipment			105,000				80,000
Reserves, accruals & other			1,841,000				(104,000	)
Research and development tax credits			1,658,000				988,000
Total deferred tax assets			14,933,000				10,519,000
Section 179 assets			(111,000	)			(97,000	)
Total deferred tax liabilities			(111,000	)			(97,000	)
Less: valuation allowance			(14,822,000	)			(10,422,000	)
Deferred tax assets, net		$	—			$	—

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
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