v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Mar. 31, 2024
Current assets    
Cash $ 43,330 $ 115,525
Accounts receivable 34,460 27,450
Inventory 48,476 68,510
Prepaid expenses 129,154 169,650
Other current asset-related party 45,938
Total current assets 301,358 381,135
Fixed assets, net 12,279,106 13,301,245
Other assets    
Patents, net 5,683,500 5,878,500
License Agreement, net 7,522,376 8,062,376
Right of Use asset 65,830 73,449
Deposits 20,633 20,633
Total other assets 13,292,339 14,034,958
Total assets 25,872,803 27,717,338
Current liabilities    
Accounts payable 3,147,996 3,495,689
Other accrued expenses 1,753,862 1,743,799
Short-term Note and Lines of credit 392,956 19,817
Restructured Senior note payable 27,600,000 27,120,000
Restructured August note payable 2,790,000 2,640,000
Dividends payable 694,332 544,800
Warrant liability 24,000
Lease Liability, current 28,560 28,560
Total current liabilities 39,613,994 38,528,534
Lease Liability, non-current 33,622 43,325
Total liabilities 39,647,616 38,571,859
Commitments and contingencies (Note 11)
Stockholders’ deficit    
Common stock, $0.0001 par value, 1,400,000,000 shares authorized, 1,257,546,746 and 1,116,482,063 shares issued and outstanding at September 30, 2024 and March 31, 2024, respectively 125,818 111,712
Additional paid in capital 127,399,336 126,468,749
Stock to be issued 390,024 390,024
Subscription receivable (56,250) (56,250)
Accumulated deficit (187,952,466) (183,791,156)
Total stockholders’ deficit (60,093,038) (56,876,421)
Total liabilities, mezzanine and stockholders’ deficit 25,872,803 27,717,338
Series E Redeemable Convertible Preferred Stock [Member]    
Current liabilities    
Temporary equity, value 1,886,225 1,977,900
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 820,000 432,000
Series A Convertible Preferred Stock [Member]    
Stockholders’ deficit    
Convertible preferred stock, value 500 500
Series B Convertible Preferred Stock [Member]    
Stockholders’ deficit    
Convertible preferred stock, value
Series D Convertible Preferred Stock [Member]    
Stockholders’ deficit    
Convertible preferred stock, value
Nonrelated Party [Member]    
Current liabilities    
Accrued interest 119,717 107,435
Notes payable 460,622 553,322
Related Party [Member]    
Current liabilities    
Accrued interest 275,088 254,593
Accrued expenses - related parties 1,430,449 1,116,107
Notes payable $ 920,412 $ 880,412