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RELATED PARTY TRANSACTIONS | 12 Months Ended
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Mar. 31, 2024
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS | 5. RELATED PARTY TRANSACTIONS DUE TO RELATED PARTIES For the fiscal year ended March 31, 2024 we accrued unpaid fees of $68,250 owed to our non-employee directors. As a result of entering into a Separation Agreement effective November 27, 2023 with our former Chief Executive Officer, or CEO, Charles J. Fisher, M.D., or the Separation Agreement, we paid out accrued vacation of $53,076 to Dr. Fisher in the fiscal year ended March 31, 2024. That accrued vacation was previously recorded in the due to related parties account. In addition, pursuant to the terms of Dr. Fisher’s Executive Employment Agreement, we accrued $435,378 for cash severance payments payable monthly and COBRA payments to be paid monthly over a 12-month period that began on December 1, 2023. Additionally, $393,139 of stock-based compensation was recorded during the fiscal year ended March 31, 2024 for the acceleration of vesting for 50% of then outstanding options held by Dr. Fisher at the time of his separation from the Company. Amounts due to related parties were comprised of the following items:
Schedule of amounts due to related parties |  |  |  |  |  |
|  | March 31, 2024 |  |  | March 31, 2023 |
Accrued Board fees |  | $ | 68,250 |  |  | $ | 57,000 |
Accrued vacation to all employees |  |  | 167,973 |  |  |  | 157,221 |
Accrued separation expenses for former executive |  |  | 310,211 |  |  |  | – |
Total due to related parties |  | $ | 546,434 |  |  | $ | 214,221 |

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