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8. INCOME TAXES (Tables)

12 Months Ended

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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- References

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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

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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

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