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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.

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- References

No definition available.

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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://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

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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://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

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