Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Mar. 31, 2023
Current assets    
Cash $ 47,090 $ 216,465
Accounts receivable 2,096 17,325
Inventory 40,058 25,725
Prepaid expenses 247,945 286,593
Deferred offering costs 1,336,263
Total current assets 337,189 1,882,371
Fixed assets, net 14,177,850 15,043,715
Other assets    
Construction-in-process 25,130 25,130
Patents, net 6,073,500 6,268,500
License Agreement, net 8,602,376 9,142,376
Right of Use asset 183,152 204,243
Deposits 20,633 20,633
Total other assets 14,904,791 15,660,882
Total assets 29,419,830 32,586,968
Current liabilities    
Accounts payable 3,675,529 3,510,206
Other accrued expenses 1,296,655 1,314,961
Contract liability 25,000
Short-term Note and Lines of credit 19,817 19,817
Restructured August note payable 2,250,000 2,400,000
Dividends payable 419,688 579,248
Warrant liability 85,000 355,000
Lease Liability, current 87,804 87,804
Total current liabilities 10,593,787 11,221,783
Restructured Senior note payable 21,680,000 21,290,000
Note payable, less current maturities 23,604
Lease Liability, non-current 95,048 125,189
Total liabilities 32,368,835 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 September 30, 2023 and March 31, 2023 500 500
Common stock, $0.0001 par value, 1,400,000,000 shares authorized, 900,071,985 and 803,123,748 shares issued and outstanding at September 30, 2023 and March 31, 2023, respectively 90,072 80,377
Additional paid in capital 124,117,263 121,156,733
Stock to be issued 390,024 662,767
Subscription receivable (166,161) (56,250)
Accumulated deficit (172,952,003) (167,533,292)
Total stockholders’ deficit (48,520,305) (45,689,165)
Total liabilities, mezzanine and stockholders’ deficit 29,419,830 32,586,968
Series E Redeemable Convertible Preferred Stock [Member]    
Current liabilities    
Temporary equity, value 1,959,300 2,003,557
Series F Redeemable Convertible Preferred Stock [Member]    
Current liabilities    
Temporary equity, value 43,612,000 43,612,000
Nonrelated Party [Member]    
Current liabilities    
Accrued interest 82,567 923,387
Notes payable 790,704 671,100
Related Party [Member]    
Current liabilities    
Accrued interest 235,093 219,542
Accrued expenses - related parties 745,518 400,306
Notes payable $ 880,412 $ 740,412