XML 38 R24.htm IDEA: XBRL DOCUMENT
v3.23.2

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of deferred tax assets |
Schedule of deferred tax assets |  |  |  |  |  |
|  | YEAR ENDED MARCH 31, |
|  | 2023 |  |  | 2022 |
Deferred tax assets: |  |  |  |  |  |  |  |
Research and development credit carryforwards |  | $ | 3,442,000 |  |  | $ | 3,442,000 |
Capitalized research and development costs |  |  | 519,000 |  |  |  | – |
Net operating loss carryforwards(1) |  |  | 24,158,000 |  |  |  | 22,039,000 |
Stock compensation |  |  | 1,903,000 |  |  |  | 1,609,000 |
Total deferred tax assets |  |  | 30,022,000 |  |  |  | 27,090,000 |
Total deferred tax liabilities |  |  | – |  |  |  | – |
Net deferred tax assets |  |  | 30,022,000 |  |  |  | 27,090,000 |
Valuation allowance for deferred tax assets |  |  | (30,022,000 | ) |  |  | (27,090,000 | )
Net deferred tax assets |  | $ | – |  |  | $ | – |
Provision for income taxes |
Provision for income taxes |  |  |  |  |  |
|  | 2023 |  |  | 2022 |
Income taxes (benefit) at federal statutory rate of 21.00% |  | $ | (2,526,000 | ) |  | $ | (2,188,000 | )
Tax effect on non-deductible expenses and credits |  |  | 2,000 |  |  |  | 1,000 |
True up items |  |  | 57,000 |  |  |  | (5,000 | )
Expiration of net operating loss carryforwards (1) |  |  | 353,000 |  |  |  | 593,000 |
Change in valuation allowance |  |  | 2,114,000 |  |  |  | 1,599,000 |
Income Tax Expense (Benefit) |  | $ | – |  |  | $ | – |
______________
(1) | Pursuant to Internal Revenue Code Section 382, use of our tax net operating loss carryforwards may be limited.

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration