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RELATED PARTY TRANSACTIONS
 9 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

6. RELATED PARTY TRANSACTIONS

 

During the three-months ended December 31, 2024, we accrued $68,250 for board fees and paid fees of $68,250 owed to our non-employee directors for services in the current and prior quarter respectively. In the three-months ended December 31, 2023, we accrued $68,250 and paid out $68,250 in fees owed to our non-employee directors. In the nine-months ended December 31, 2024, we paid out $204,750 compared to $182,250 in the nine-months ended December 31, 2023.

 

We paid out $237,313 and $561,515 in separation expenses in the three- and nine-months ended December 31, 2024, respectively. As of December 31, 2024 the accrued separation expenses totaled $555,314 related to the Separation Agreements entered into with our former Chief Operating Officer and Chief Science Officer.

 

Amounts due to related parties were comprised of the following items:

        
   December 31,
2024		   March 31,
2024		 
Accrued Board fees  $68,250   $68,250 
Accrued vacation to all employees   150,819    167,973 
Accrued separation expenses   555,314    310,211 
Accrued Board travel and consulting Fees   7,516    – 
Total due to related parties  $781,899   $546,434