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INCOME TAXES (Tables) | 12 Months Ended
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Mar. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of deferred tax assets |
Schedule of deferred tax assets |  |  |  |  |  |
|  | YEAR ENDED MARCH 31, |
|  | 2024 |  |  | 2023 |
Deferred tax assets: |  |  |  |  |  |  |  |
Research and development credit carryforwards |  | $ | 3,442,000 |  |  | $ | 3,442,000 |
Capitalized research and development costs |  |  | 646,000 |  |  |  | 519,000 |
Net operating loss carryforwards(1) |  |  | 26,927,000 |  |  |  | 24,158,000 |
Stock compensation |  |  | 2,244,000 |  |  |  | 1,903,000 |
Total deferred tax assets |  |  | 33,259,000 |  |  |  | 30,022,000 |
Total deferred tax liabilities |  |  | – |  |  |  | – |
Net deferred tax assets |  |  | 33,259,000 |  |  |  | 30,022,000 |
Valuation allowance for deferred tax assets |  |  | (33,259,000 | ) |  |  | (30,022,000 | )
Net deferred tax assets |  | $ | – |  |  | $ | – |
______________
(1) | Pursuant to Internal Revenue Code Section 382, use of our tax net operating loss carryforwards may be limited. The amount of the annual limitation, if any, will be determined based on the value of the Company immediately prior to an ownership change. Subsequent ownership changes may further affect the limitation in future years. If and when the Company utilizes the NOL carryforwards in a future period, it will perform an analysis to determine the effect, if any, of these loss limitation rules on the NOL carryforward balances.
Schedule of provision for income taxes |
Schedule of provision for income taxes |  |  |  |  |  |
|  | 2024 |  |  | 2023 |
Income taxes (benefit) at federal statutory rate of 21.00% |  | $ | (2,564,000 | ) |  | $ | (2,526,000 | )
Tax effect on non-deductible expenses and credits |  |  | 2,000 |  |  |  | 2,000 |
True up items |  |  | (29,000 | ) |  |  | 57,000 |
Expiration of net operating loss carryforwards (1) |  |  | 204,000 |  |  |  | 353,000 |
Change in valuation allowance |  |  | 2,387,000 |  |  |  | 2,114,000 |
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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- 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/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + 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/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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