Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2019
Mar. 31, 2019
Current assets    
Cash $ 582,990 $ 137,499
Notes receivable 1,700 1,700
Inventory 4,200 4,200
Prepaid expenses 126,929 35,286
Total current assets 715,819 178,685
Fixed assets    
Land 202,293 202,293
Buildings 1,645,454 1,328,161
Machinery and equipment 1,224,118 934,621
Autos and trucks 19,063 14,063
Furniture and fixtures 22,060 22,060
Accumulated depreciation (1,364,130) (1,322,609)
Fixed assets, net 1,748,858 1,178,589
Other assets    
Construction-in-process 919,239 377,504
Right of use asset 252,140 0
Deposits 20,633 10,500
Total other assets 1,192,012 388,004
Total assets 3,656,689 1,745,278
Current liabilities    
Accounts payable 632,030 576,028
Accrued interest - related parties 284,624 295,184
Other accrued expenses 769,897 609,243
Short-term promissory note and lines of credit 679,083 139,418
Bank loan 222,736 228,725
Current maturities of convertible debentures, less debt discount of $61,382 and $511,640, respectively 629,233 494,451
Convertible debentures, related party 18,600 87,600
Notes payable - related parties 1,271,162 1,271,162
Derivative liability 130,000 157,000
Warrant liability 93,000 93,000
Total current liabilities 4,730,365 3,951,811
Lines of credit 0 650,453
Lease liability 252,140 0
Total liabilities 4,982,505 4,602,264
Commitments and contingencies (Note 9)
Stockholders' deficit    
Common stock, $0.0001 par value, 900,000,000 shares authorized, 354,116,535 and 301,758,293 shares issued and outstanding at December 31, 2019 and March 31, 2019, respectively 35,411 30,177
Additional paid in capital 42,434,545 38,335,782
Accumulated deficit (43,744,909) (41,223,445)
Total stockholders' deficit (1,274,453) (2,856,986)
Non-controlling interest in NAS (51,363) 0
Total stockholders' deficit (1,325,816) (2,856,986)
Total liabilities and stockholders' deficit 3,656,689 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