v3.25.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Mar. 31, 2025
Current Assets    
Cash $ 3,303,844 $ 227,689
Accounts receivable, net of allowance for credit losses 25,948 60,573
Subscriptions receivable 4,400,000
Inventory (Note 2) 529,342 323,504
Investments 150,000 150,000
Prepaid expenses and other assets (Note 3) 391,725 447,801
Total Current Assets 4,400,859 5,609,567
Property and Equipment, net (Note 4) 487,618 766,874
Other Assets:    
Operating lease right-of-use 102,035 961,539
Patents and trademarks, net (Note 5) 22,494 23,725
Licensing Agreement, net (Note 6) 1,850,000 1,950,000
Security deposit 27,490 27,490
Total Other Assets 2,002,019 2,962,754
Total Assets 6,890,496 9,339,195
Current Liabilities    
Accounts payable 744,392 821,081
Accrued expenses (Note 7) 846,378 948,554
Operating lease liabilities – current portion 63,380 163,834
Notes payable and accrued interest – current portion (Note 8) 334,061 312,865
Convertible notes payable and accrued interest, net of discount of $790,631 and $149,644 (Note 9) 1,129,222 1,622,377
Derivative liabilities 448,089
Total Current Liabilities 3,117,433 4,316,800
Other Liabilities    
Operating lease liabilities (net of current portion) 38,655 797,705
Notes payable and accrued interest (net of current portion) (Note 10) 3,431 5,442
Total Other Liabilities 42,086 803,147
Total Liabilities 3,159,519 5,119,947
Commitments and Contingencies (see Note 11)
Stockholders’ Equity: (Note 13)    
Common Stock, par value $0.001, 250,000,000 shares authorized, 24,402,194 and 24,181,537 issued and outstanding at June 30, 2025 and March 31, 2025, respectively 24,402 24,182
Additional Paid-In Capital 97,236,660 95,385,511
Accumulated Deficit (93,538,130) (91,198,490)
Total Stockholders’ Equity 3,730,977 4,219,248
Total Liabilities and Stockholders’ Equity 6,890,496 9,339,195
Preferred Class A [Member]    
Stockholders’ Equity: (Note 13)    
Preferred stock value 3,045 3,045
Preferred Class B [Member]    
Stockholders’ Equity: (Note 13)    
Preferred stock value $ 5,000 $ 5,000