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INVENTORY | 9 Months Ended
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Dec. 31, 2020
Inventory Disclosure [Abstract] |
Inventory Disclosure [Text Block] | NOTE 3 – INVENTORY
|  | (in thousands) |
|  | As of December 31, 2020 ($) |  |  | As of March 31, 2020 ($) |
Raw Materials |  |  | 2,027 |  |  |  | 227 |
Work-in-Progress |  |  | 2,199 |  |  |  | 3,713 |
Finished Goods |  |  | 930 |  |  |  | 305 |
Total |  |  | 5,156 |  |  |  | 4,245 |
Inventory in the form of work-in-progress as of December 31, 2020, is comprised of, but not limited to, various hemp-based extracts such as crude oil, hemp distillate, and hemp isolate. The Company accounts all hemp extracts as Work-in-Progress until they are in the processing facility. Inventory also includes cost related to growing crops like seeds, fertilizer, other raw materials, labor, farm related overheads and the depreciation of farming equipment, hand sanitizers, beverages and personal protection equipment, among others. During the nine months ended December 31, 2020 the Company wrote off approximately $342 thousand inventory due to abnormal amounts of idle facility expense, freight, handling costs, scrap, and wasted material (spoilage) as compared to approximately zero for the nine months ended December 31, 2019. This charge was recorded in Selling, general and administrative expenses. One of our vendors that holds $1.74 million of our inventory reported a theft at their facility. The Company moved the amount associated with the inventory to Deposits and Advances.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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