v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Mar. 31, 2022
Current assets    
Cash $ 561,428 $ 1,734,040
Accounts receivable 72,121 14,385
Escrow account 3,900,000 1,500,000
Inventory 109,249 69,170
Prepaid expenses 791,232 1,511,546
Total current assets 5,434,030 4,829,141
Fixed assets, net 14,989,408 14,798,103
Other assets    
Construction-in-process 171,218 1,087,101
Patents, net 6,463,500 6,658,500
License Agreement, net 9,682,376 10,222,376
Right of Use asset 244,023 282,753
Deposits 20,633 20,633
Total other assets 16,581,750 18,271,363
Total assets 37,005,188 37,898,607
Current liabilities    
Accounts payable 3,176,217 2,802,787
Accrued interest 1,566,155 500,450
Accrued interest - related parties 215,316 203,520
Other accrued expenses 258,781 207,418
Accrued expenses - related parties 200,000 200,000
Short-term Promissory Note and Lines of credit 19,817 20,044
Note payable 5,057,389 96,000
Notes payable - related parties 745,412 495,412
Dividends payable 454,284 296,630
Derivative liability 30,028,000 13,101,000
Warrant liability 2,047,000 3,923,000
Total current liabilities 43,768,371 21,846,261
Convertible debenture, less unamortized debt discount of $9,680,000 6,709,080 2,629,079
Note payable, less current maturities 71,604 119,604
Lease Liability 250,148 286,253
Total liabilities 50,799,203 24,881,197
Commitments and contingencies (Note 9)
Stockholders’ deficit    
Series A Convertible Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 5,000,000 shares issued and outstanding at September 30, 2022 and March 31, 2021 500 500
Common stock, $0.0001 par value, 900,000,000 shares authorized, 751,385,454 shares issued and 751,322,954 shares outstanding at September 30, 2022 and 674,831,624 shares issued and 674,644,124 shares outstanding at March 31, 2022, respectively 75,170 67,500
Additional paid in capital 118,061,820 96,701,607
Stock payable 662,767 20,132,650
Subscription receivable (56,250)
Accumulated deficit (177,927,198) (150,036,023)
Total stockholders’ deficit (59,183,191) (33,133,766)
Total liabilities, mezzanine and stockholders’ deficit 37,005,188 37,898,607
Series E Redeemable Convertible Preferred Stock [Member]    
Current liabilities    
Series F Redeemable Convertible Preferred stock, $0.0001 par value, 750,000 shares authorized, 750,000 and 0 shares issued and outstanding at September 30, 2022 and March 31, 2021, respectively 1,777,176 2,539,176
Series F Redeemable Convertible Preferred Stock [Member]    
Current liabilities    
Series F Redeemable Convertible Preferred stock, $0.0001 par value, 750,000 shares authorized, 750,000 and 0 shares issued and outstanding at September 30, 2022 and March 31, 2021, respectively $ 43,612,000 $ 43,612,000

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