Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.0.1
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Mar. 31, 2023
Current assets    
Cash $ 36,315 $ 216,465
Accounts receivable 16,321 17,325
Inventory 38,669 25,725
Prepaid expenses 242,632 286,593
Deferred offering costs 1,336,263
Total current assets 333,937 1,882,371
Fixed assets, net 13,763,637 15,043,715
Other assets    
Construction-in-process 25,130 25,130
Patents, net 5,976,000 6,268,500
License Agreement, net 8,332,376 9,142,376
Right of Use asset 9,394 204,243
Deposits 20,633 20,633
Total other assets 14,363,533 15,660,882
Total assets 28,461,107 32,586,968
Current liabilities    
Accounts payable 3,679,009 3,510,206
Other accrued expenses 1,295,246 1,314,961
Contract liability 25,000
Short-term Note and Lines of credit 19,817 19,817
Restructured August note payable 2,410,000 2,400,000
Dividends payable 479,304 579,248
Warrant liability 17,950 355,000
Lease Liability, current 3,804 87,804
Total current liabilities 10,739,683 11,221,783
Restructured Senior note payable 24,700,000 21,290,000
Note payable, less current maturities 23,604
Lease Liability, non-current 5,590 125,189
Total liabilities 35,445,273 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 December 31, 2023 and March 31, 2023, respectively 500 500
Common stock, $0.0001 par value, 1,400,000,000 shares authorized, 994,965,427 and 803,123,748 shares issued and outstanding at December 31, 2023 and March 31, 2023, respectively 99,560 80,377
Additional paid in capital 125,327,383 121,156,733
Stock to be issued 390,024 662,767
Subscription receivable (56,250) (56,250)
Accumulated deficit (178,425,983) (167,533,292)
Total stockholders’ deficit (52,664,766) (45,689,165)
Total liabilities, mezzanine and stockholders’ deficit 28,461,107 32,586,968
Series E Redeemable Convertible Preferred Stock [Member]    
Current liabilities    
Temporary equity, value 1,968,600 2,003,557
Series F Redeemable Convertible Preferred Stock [Member]    
Current liabilities    
Temporary equity, value 43,612,000 43,612,000
Series G Redeemable Convertible Preferred Stock [Member]    
Current liabilities    
Temporary equity, value 100,000
Nonrelated Party [Member]    
Current liabilities    
Accrued interest 96,390 923,387
Notes payable 663,704 671,100
Related Party [Member]    
Current liabilities    
Accrued interest 244,843 219,542
Accrued expenses - related parties 924,204 400,306
Notes payable $ 880,412 $ 740,412