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8. INCOME TAXES (Tables) | 12 Months Ended
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Mar. 31, 2018
Income Tax Disclosure [Abstract] |
Schedule of deferred tax assets |
|  | YEAR ENDED MARCH 31, |
|  | 2018 |  |  | 2017 |
Deferred tax assets: |  |  |  |  |  |  |  |
Capitalized research and development |  | $ | 3,442,000 |  |  | $ | 3,442,000 |
Net operating loss carryforwards |  |  | 16,257,000 |  |  |  | 22,060,000 |
Stock compensation |  |  | 575,000 |  |  |  | 318,000 |
Total deferred tax assets |  |  | 20,274,000 |  |  |  | 25,820,000 |
Total deferred tax liabilities |  |  | – |  |  |  | – |
Net deferred tax assets |  |  | 20,274,000 |  |  |  | 25,820,000 |
Valuation allowance for deferred tax assets |  |  | (20,274,000 | ) |  |  | (25,820,000 | )
Net deferred tax assets |  | $ | – |  |  | $ | – |
Provision for income taxes |
|  | 2018 |  |  | 2017 |
Income taxes (benefit) at federal statutory rate of 30.75% |  | $ | (1,753,000 | ) |  | $ | (2,484,000 | )
State income tax, net of federal benefit |  |  | (349,000 | ) |  |  | (438,000 | )
Tax effect on non-deductible expenses and credits |  |  | 74,000 |  |  |  | 382,000 |
Change in valuation allowance1 |  |  | (5,546,000 | ) |  |  | 2,540,000 |
Change in tax rate |  |  | 7,574,000 |  |  |  |  |
|  | $ | – |  |  | $ | – |

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- Definition 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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