v3.26.1
Going Concern
12 Months Ended
Mar. 31, 2026
Going Concern [Abstract]  
Going Concern

Note 2. Going Concern

 

The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.

 

The Company has not generated profits since inception, has negative cash flows from operations, has sustained net losses of $16,799,253 and $14,648,792 for the years ended March 31, 2026 and 2025, respectively, and has an accumulated deficit of $79,291,843 and $62,492,590 as of March 31, 2026 and 2025, respectively. The Company has limited working capital and liquid assets as of March 31, 2026, relative to its operating cash flow needs. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern within one year after the date that the consolidated financial statements are available to be issued

 

Management has taken several actions to ensure that the Company will continue as a going concern for the next twelve months from the date the consolidated financial statements are available to be issued:

 

1. Continuing to ramp up marketing and sales of Omni One; with anticipated significant revenues from this product line; and

 

2. Raising capital from existing and new shareholders as necessary to fund operations.

 

No assurance can be given that the Company will be successful in these efforts. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.