v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net Loss $ (11,276,819) $ (5,380,270)
Adjustments to reconcile net loss to net cash used by operating activities:    
Stock compensation 626,050 409,333
Depreciation and amortization 462,004 186,063
Gain on conversion of debt (39,208) 0
Loss on extinguishment of debt (0) 18,281
Loss on sale of assets 11,444 0
Loss on impairment of assets 560,155 0
Loss on goodwill impairment (0) 172,254
Gain on forgiveness of loan (23,303) (14,477)
Gain on bargain purchase 0 (91,870)
Financing Expense 457,148 566,261
Gain on extinguishment of debt (282,508) (55,568)
Amortization of debt discount 1,174,347 412,170
Derivative expense 45,485 151,978
Changes in fair value of compound embedded derivative 1,181,178 1,332,661
Right-of-use asset/liability 57,506 7,830
Changes in operating assets & liabilities    
Prepaid expenses (38,682) (7,561)
Deposits (11,126) 0
Inventory 0 7,256
Accounts payable and accrued liabilities 590,205 153,750
Related party advances 2,800 (2,396)
Deferred revenue (14,800) 82,041
Net cash used by operating activities (6,518,124) (2,052,264)
Cash Flows from Investing Activities    
Business acquisitions (165,000) (215,000)
Capital expenditures (592,170) (500,737)
Net cash used by investing activities (757,170) (715,737)
Cash Flows from Financing Activities    
Proceeds from notes payable 150,000 122,766
Proceeds from convertible notes payable 6,456,855 1,200,000
Repayments related to payable due for business combinations 0 (15,000)
Repayments of convertible notes payable (540,733) (107,500)
Payment of note payable (23,681) (11,818)
Purchase of cancelled stock (74,700) 0
Issuance of common stock 1,225,000 1,655,000
Net cash provided by financing activities 7,192,741 2,843,448
(Decrease) Increase in Cash (82,553) 75,447
Cash at beginning of period 122,176 46,729
Cash (and equivalents) at end of period 39,623 122,176
Supplemental Cash Flow Information    
Cash paid for interest 23,238 5,856
Cash paid for income taxes 0 0
Non-cash investing and financing activities:    
Conversion of note payable and accrued interest to equity 365,110 1,427,707
Initial recognition of derivative liability as debt discount 1,279,181 732,416
Assets acquired on acquisition $ 125,000 $ 0