Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Level 3 liabilities

 

 

2020

 

Derivative liability balance at beginning of period

 

 $ 176,000

 

Reclass to equity upon conversion or redemption

 

 

 (205,000 )

Change in fair value

 

 

 29,000

 

Balance at end of period

 

 $ -

 

 

 

2020

 

Warrant liability balance at beginning of period

 

 $ 90,000

 

Reclass to equity upon cancellation or exercise

 

 

 (90,000 )

Change in fair value

 

 

 -

 

Balance at end of period

 

 $ -

 
Useful life property, plant and equipment

Buildings

 

27.5 – 39 years

 

Machinery and Equipment

 

7 – 10 years

 

 Vehicles

 

 10 years

 

Furniture and Fixtures

 

3 – 10 years