v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Mar. 31, 2023
Current assets    
Cash $ 69,771 $ 216,465
Accounts receivable 36,329 17,325
Inventory 46,657 25,725
Prepaid expenses 254,131 286,593
Deferred offering costs 1,391,766 1,336,263
Total current assets 1,798,654 1,882,371
Fixed assets, net 14,634,999 15,043,715
Other assets    
Construction-in-process 25,130 25,130
Patents, net 6,171,000 6,268,500
License Agreement, net 8,872,376 9,142,376
Right of Use asset 183,950 204,243
Deposits 20,633 20,633
Total other assets 15,273,089 15,660,882
Total assets 31,706,742 32,586,968
Current liabilities    
Accounts payable 3,545,400 3,510,206
Short-term Note and Lines of credit 19,817 19,817
Restructured August note payable 2,590,000 2,400,000
Dividends payable 360,072 579,248
Warrant liability 305,000 355,000
Lease Liability, current 87,804 87,804
Total current liabilities 10,579,743 11,221,783
Restructured Senior note payable 21,870,000 21,290,000
Note payable, less current maturities 23,604
Lease Liability, non-current 106,208 125,189
Total liabilities 32,555,951 32,660,576
Commitments and contingencies (Note 11)
Stockholders’ deficit    
Series A Convertible Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 5,000,000 shares issued and outstanding at June 30, 2023 and March 31, 2023 500 500
Common stock, $0.0001 par value, 900,000,000 shares authorized, 868,263,739 and 803,123,748 shares issued and outstanding at June 30, 2023 and March 31, 2023, respectively 86,891 80,377
Additional paid in capital 123,554,174 121,156,733
Stock to be issued 390,024 662,767
Subscription receivable (56,250) (56,250)
Accumulated deficit (170,236,548) (167,533,292)
Total stockholders’ deficit (46,261,209) (45,689,165)
Total liabilities, mezzanine and stockholders’ deficit 31,706,742 32,586,968
Series E Redeemable Convertible Preferred Stock [Member]    
Current liabilities    
Temporary equity, value 1,800,000 2,003,557
Series F Redeemable Convertible Preferred Stock [Member]    
Current liabilities    
Temporary equity, value 43,612,000 43,612,000
Nonrelated Party [Member]    
Current liabilities    
Accrued interest 15,753 923,387
Accrued expenses 1,326,993 1,314,961
Notes payable 790,704 671,100
Related Party [Member]    
Current liabilities    
Accrued interest 225,792 219,542
Accrued expenses 571,996 400,306
Notes payable $ 740,412 $ 740,412

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