Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.4
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]        
Sales $ 97,943 $ 16,640 $ 186,004 $ 16,640
Operating expenses:        
General and administrative 1,481,195 1,527,699 4,256,819 5,182,358
Research and development 14,212 20,357 190,855 217,229
Facility operations 875,194 398,504 1,895,357 810,260
Depreciation 416,377 218,134 1,349,838 830,409
Amortization 367,500 367,500 1,102,500 514,000
Total operating expenses 3,154,478 2,532,194 8,795,369 7,554,256
Net loss from operations (3,056,535) (2,515,554) (8,609,365) (7,537,616)
Other income (expense):        
Interest expense (593,331) (80,991) (1,674,994) (228,190)
Interest expense - related parties (6,250) (9,772)
Amortization of debt discount (843,494) (340,000) (5,019,883) (576,364)
Financing costs (1,393,000) (1,502,953)
Change in fair value of derivative liability 17,738,000 811,000
Change in fair value of warrant liability 1,155,000 (137,000) 3,031,000 (137,000)
Change in fair value of restructured notes (1,594,515) (1,594,515)
Forgiveness of PPP loan 103,200
Gain on Vero Blue note settlement 500,000   500,000
Gain on extinguishment of debt 2,383,088 2,383,088
Legal Settlement (29,400,000) (29,400,000)
Loss due to fire (6,262) (869,379)
Total other income (expense) 18,232,236 (30,850,991) (2,943,455) (31,241,307)
Income (loss) before income taxes 15,175,701 (33,366,545) (11,552,820) (38,778,923)
Provision for income taxes
Net income (loss) 15,175,701 (33,366,545) (11,552,820) (38,778,923)
Amortization of beneficial conversion feature on Preferred shares (28,048) (212,048) (817,376)
Accretion on Preferred shares (198,333) (755,333)
Redemption and exchange of Series D Preferred shares (5,792,947)
Dividends (60,107) (481,761)
Net income (loss) available for common stockholders $ 14,889,213 $ (33,366,545) $ (13,001,961) $ (45,389,246)
EARNINGS PER SHARE (Basic) $ 0.02 $ (0.05) $ (0.02) $ (0.07)
EARNINGS PER SHARE (Diluted) $ 0.01 $ (0.05) $ (0.02) $ (0.07)
WEIGHTED AVERAGE SHARES OUTSTANDING (Basic) 697,586,776 635,536,459 682,750,957 608,191,555
WEIGHTED AVERAGE SHARES OUTSTANDING (Diluted) 1,629,304,739 635,536,459 682,750,957 608,191,555