XML 18 R8.htm IDEA: XBRL DOCUMENT v3.25.2
LIQUIDITY AND GOING CONCERN
3 Months Ended
Jun. 30, 2025
Liquidity And Going Concern  
LIQUIDITY AND GOING CONCERN

NOTE 2 – LIQUIDITY AND GOING CONCERN

 

As shown in the accompanying consolidated financial statements, the Company has incurred significant recurring losses resulting in an accumulated deficit. The Company anticipates further losses in the development of its business. The Company also had negative cash flows used in operations. As of June 30, 2025 and March 31, 2025, the Company had a working capital deficit of $6,131,218 and $4,952,959, respectively. As of June 30, 2025 the Company had an accumulated deficit of $10,455,129.

 

During the three months ended June 30, 2025, the Company raised approximately $4.3 million from the exercise of warrants and a capital raise (ATM). Even though as of June 30, 2025 there is adequate cash, the Company has a significant working capital deficit and a large accumulated deficit. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

 

Absent generation of sufficient revenue from the execution of the Company’s business plan, the Company will need to obtain debt or equity financing by the end of fiscal year end March 31, 2026.

 

These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.