XML 59 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2017
Current Assets:        
Cash $ 538,983 $ 2,181,246 $ 4,381,643 $ 786,823
Accounts receivable, net of allowance for doubtful account of $25,721 at June 30, 2019 and $129,365 at March 31, 2019, $23,046 at March 31, 2018, and $26,046 at December 31, 2017 2,958,150 1,225,911 1,201,117 166,731
Due from related parties 34,558 19,565 14,204 18,461
Inventories, at lower of cost or market, principally average cost method 5,553,121 4,772,597 2,405,007 1,792,314
Prepaid expenses 278,030 427,551 321,074 254,732
Current portion of right of use assets 483,872    
Total Current Assets 9,846,714 8,626,870 8,323,045 3,019,061
Equipment, net of accumulated depreciation of $1,098,818 at June 30, 2019 and $516,144 at March 31, 2019 and $113,158 at March 31, 2018, and $77,861 at December 31, 2017 21,667,562 21,999,787 1,241,326 769,442
Other Assets:        
Deposits 54,133 29,034 16,300
Licensing agreements, net of accumulated amortization of $120,833 at June 30, 2019 and $108,833 at March 31, 2019, $58,333 at March 31, 2018, and $45,833 at December 31, 2017 129,167 141,667 191,667 204,167
Patents, net of accumulated amortization of $191,089 at June 30, 2019 and $134,701 at March 31, 2019, $49,627 at March 31, 2018 and $25,166 at December 31, 2017 6,882,916 6,939,304 900,373 924,834
Other intangible assets, net of accumulated amortization of $478,672 at June 30, 2019 and $61,803 at March 31, 2019 5,433,633 5,850,502
Right of use assets - operating leases 3,923,050    
TOTAL ASSETS 47,937,175 43,587,164 10,672,711 4,917,504
Current Liabilities:        
Accounts payable 4,436,087 1,920,344 479,465 476,893
Accrued liabilities 667,383 531,434 541,210 254,774
Convertible note payable   1,575,000
Note payable related party 375,000 100,000
Current portion of operating lease liability 483,872    
Insurance premium note payable 153,731 230,597 99,907 6,880
Current portion of note payable related party 8,400,000 1,500,000
Contingent consideration payable 250,000 300,000
Total Current Liabilities 14,766,073 4,482,375 1,120,582 2,413,547
Long-term Liabilities:        
Convertible promissory notes, net of $24,144 of note issuance costs at March 31, 2019 275,856
Contingent consideration payable 900,000 900,000
Note payable related party 8,400,000
Operating lease liability, net of current portion 3,923,050    
Total Liabilities 19,589,123 14,058,231 1,120,582 2,413,547
Shareholders' Equity:        
Common stock, $0.001 par value, 200,000,000 shares authorized 45,269,908 at June 30, 2019 and 44,013,075, 28,394,503, and 22,487,793 shares issued and outstanding at March 31, 2019 and March 31, 2018, and December 31, 2017 respectively 45,270 44,013 28,394 22,488
Additional paid-in capital 51,594,749 48,935,485 17,264,888 8,430,394
Stock subscription receivable   (5,000)
Accumulated (Deficit) (23,291,967) (19,450,565) (7,741,153) (5,943,925)
Total Shareholders' Equity 28,348,052 29,528,933 9,552,129 2,503,957
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 47,937,175 $ 43,587,164 $ 10,672,711 $ 4,917,504