10. SUBSEQUENT EVENTS
|9 Months Ended|
Dec. 31, 2019
|Subsequent Events [Abstract]|
Sale of Series B PS
Subsequent to period end, on January 7, 2020, and January 31, 2020, the Company received further tranches of $250,000 each under the SPA.
Issuance of Common Stock under Convertible Notes
Subsequent to December 31, 2019, the GHS December 30, 2018 debenture and related accrued interest was fully converted into 14,980,353 shares of the Company’s common stock.
Notes Payable – Related Parties
On February 4, 2020, the Company paid the remaining outstanding balance of $18,600 of the convertible debenture owed an affiliate of the Company whose managing member is the Treasurer, Chief Financial Officer, and a director of the Company (Note 7).
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef