Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Mar. 31, 2019
Current assets    
Cash $ 283,242 $ 137,499
Notes receivable 1,700 1,700
Inventory 4,200 4,200
Prepaid expenses 108,112 35,286
Total current assets 397,254 178,685
Fixed assets    
Land 202,293 202,293
Buildings 1,527,611 1,328,161
Machinery and equipment 997,454 934,621
Autos and trucks 19,063 14,063
Furniture and fixtures 22,060 22,060
Accumulated depreciation (1,348,172) (1,322,609)
Fixed assets, net 1,420,309 1,178,589
Other assets    
Construction-in-process 864,722 377,504
Right of use asset 263,842 0
Deposits 20,633 10,500
Total other assets 1,149,197 388,004
Total assets 2,966,760 1,745,278
Current liabilities    
Accounts payable 639,599 576,028
Accrued interest - related parties 378,046 295,184
Other accrued expenses 646,511 609,243
Short-term promissory note and lines of credit 685,863 139,418
Current maturities of bank loan 224,779 228,725
Current maturities of convertible debentures, less debt discount of $100,213 and $511,640, respectively 783,776 494,451
Convertible debentures, related party 40,600 87,600
Notes payable - related parties 1,271,162 1,271,162
Derivative liability 196,000 157,000
Warrant liability 93,000 93,000
Total current liabilities 4,959,336 3,951,811
Lines of credit 0 650,453
Lease liability 263,842 0
Total liabilities 5,223,178 4,602,264
Commitments and contingencies (Note 9)
Stockholders' deficit    
Common stock, $0.0001 par value, 900,000,000 shares authorized, 316,254,147 and 301,758,293 shares issued and outstanding at June 30, 2019 and March 31, 2019, respectively 33,351 30,177
Additional paid in capital 40,585,157 38,335,782
Accumulated deficit (42,875,426) (41,223,445)
Total stockholders' deficit (2,256,418) (2,856,986)
Total liabilities and stockholders' deficit 2,966,760 1,745,278
Series A Convertible Preferred stock    
Stockholders' deficit    
Preferred stock 500 500
Series B Convertible Preferred stock    
Stockholders' deficit    
Preferred stock $ 0 $ 0