XML 36 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Mar. 31, 2019
Current Assets:    
Cash $ 513,738 $ 2,181,246
Accounts receivable, net of allowance for doubtful account of $25,721 at September 30, 2019 and $129,365 at March 31, 2019 2,519,128 1,225,911
Due from related parties 51,941 19,565
Inventories, at lower cost or market, principally average cost method 5,029,211 4,772,597
Prepaid expenses 470,322 427,551
Current portion of right of use assets 489,946
Total Current Assets 9,074,286 8,626,870
Equipment, net of accumulated depreciation of $1,726,310 at September 30, 2019 and $516,144 at March 31, 2019 21,216,088 21,999,787
Other Assets:    
Deposits 32,994 29,034
Licensing agreements, net of accumulated amortization of $133,333 at September 30, 2019 and $108,833 at March 31, 2019 116,667 141,667
Patents, net of accumulated amortization of $314,425 at September 30, 2019 and $134,701 at March 31, 2019 6,759,580 6,939,304
Other Intangible Assets, net of accumulated amortization of $888,961 at September 30, 2019 and $61,803 at March 31, 2019 5,023,344 5,850,502
Right of Use Assets - Operating Leases 3,798,262
TOTAL ASSETS 46,021,221 43,587,164
Current Liabilities:    
Accounts payable 4,257,789 1,920,344
Factoring liability 1,036,273
Accrued liabilities 592,222 531,434
Note payable related party 375,000
Current portion of operating lease liability 489,946
Insurance premium note payable 194,479 230,597
Current portion of note payable related party 8,400,000 1,500,000
Contingent consideration payable 150,000 300,000
Total Current Liabilities 15,495,709 4,482,375
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 3,798,262
Total Liabilities 20,193,971 14,058,231
Shareholders' Equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized 45,751,628 at September 30, 2019 and 44,013,075 shares issued and outstanding at March 31, 2019, respectively 45,751 44,013
Additional paid-in capital 52,517,726 48,935,485
Accumulated (Deficit) (26,736,227) (19,450,565)
Total Shareholders' Equity 25,827,250 29,528,933
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 46,021,221 $ 43,587,164