v3.24.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (15,602,411) $ (15,988,020)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 1,737,825 1,795,427
Amortization expense 1,470,000 1,470,000
Amortization of debt discount 56,868 5,019,883
Change in fair value of derivative liability (811,000)
Change in fair value of warrant liability (331,000) (3,568,000)
Change in fair value of restructured notes payable 5,162,366 2,842,132
Extension fee 125,000 575,100
Financing costs 136,750
Gain on extinguishment of debt (2,383,088)
Gain on sale of machinery and equipment (91,717)
Shares issued for services 613,900 99,124
Amortization of operating lease right-of-use assets 38,865 78,510
Gain on termination of lease (32,375)
Issuance of Series G Preferred Stock for services 200,000  
Loss due to fire 869,379
Changes in operating assets and liabilities:    
Accounts receivable (10,125) (2,940)
Inventory (42,785) 43,445
Prepaid expenses 116,943 1,224,953
Deferred offering costs 1,336,263 (1,336,263)
Accounts payable (14,074) 712,169
Other accrued expenses 428,838 1,107,543
Accrued expenses - related parties 715,801 200,306
Accrued interest 91,682 2,249,932
Accrued interest - related parties 35,051 16,022
Operating lease liabilities (16,804) (73,260)
Cash used in operating activities (3,875,139) (5,858,646)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for fixed assets (42,510) (2,548,447)
Cash received for sale of machinery and equipment 164,000 700,000
Cash provided by (used in) investing activities 121,490 (1,848,447)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments of notes payable (96,000)
Payments on notes payable, related party (5,000)
Repayment of short-term promissory note and lines of credit (227)
Proceeds from sale of stock 3,168,708 3,075,745
Proceeds from promissory note 1,465,000
Proceeds from promissory note, related parties 140,000 250,000
Proceeds from convertible debentures, receipt from escrow 1,500,000
Escrow account in relation to the proceeds from promissory notes
Proceeds from sale of Series E Preferred Shares 150,000
Proceeds from sale of Series G Preferred Shares 194,000
Cash provided by financing activities 3,652,708 6,189,518
NET CHANGE IN CASH (100,941) (1,517,575)
CASH AT BEGINNING OF YEAR 216,465 1,734,040
CASH AT END OF YEAR 115,524 216,465
INTEREST PAID 17,758 7,472
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Construction in process transferred to fixed assets 25,130 1,061,971
Shares issued upon conversion of Preferred stock 477,175 1,668,000
Shares issued upon exchange of Partitioned Note 460,000  
Dividends on Series E Preferred stock 238,728
Dividends in kind issued 516,000
Shares issued/to be issued, for legal settlement $ 272,743

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