XML 59 R26.htm IDEA: XBRL DOCUMENT v3.20.1
Summary of Significant Accounting Policies (Tables)
 9 Months Ended 12 Months Ended
Dec. 31, 2019
Mar. 31, 2019
Accounting Policies [Abstract]    
Schedule of Concentration of Risks

For the three and nine months ended December 31, 2019, the Company’s customers that comprised more than ten percent (10%) of total revenues and accounts receivable were as follows:

 

PERCENTAGES

 

    Revenues     Accounts Receivable  
For the Three Months Ended December 31, 2019                
Customers:                
A     27.8 %     - %
B     11.2 %     11.9 %
C     10.8 %     10.7 %
D     - %     10.2 %
E     - %     16.7 %
      49.8 %     32.8 %
                 
For the Nine Months Ended December 31, 2019                
Customers:                
A     15.6 %     - %
B     - %     11.9 %
C     15.9 %     10.7 %
D     13.3 %     10.2 %
E     - %     16.7 %
      44.8 %     32.8 %

For the year ended March 31, 2019, and the three months ended March 31, 2018 the Company’s customers that comprised more than ten percent (10%) of total revenues and accounts receivable were as follows:

 

   

For the

Year Ended
March 31, 2019

    

For the

Three Months Ended
March 31, 2018

    

For the

Year Ended
December 31, 2017

  
PERCENTAGES   Revenues     Accounts Receivable     Revenues     Accounts Receivable     Revenues     Accounts Receivable  
                                     
Customers:                                                
A     24.6 %     29.4 %     -       -       -       -  
B     19.1 %     -       -       -       -       -  
C     10.0 %     -       35.5 %     54.6 %     57.8 %     27.4 %
D     -       19.0 %     -       -       -       -  
E     -       -       17.1 %     12.6 %     -       -  
F     -       -       15.1 %     -       -       -  
G     -       -       -       -       -       20.4 %
H     -       -       -       -       -       12.7 %
      53.7 %     48.4 %     67.7 %     67.2 %     57.8 %     60.5 %
Schedule of Calculations of Fair Value Assumptions  

We valued warrants issued for the reduction in conversion price for the conversion of Convertible Promissory Notes at the grant date of March 31, 2019 using valuation methods and assumptions that consider, among other factors, the fair value of the underlying stock, risk free interest rate, volatility, and expected life.

 

    March 31, 2019     March 31, 2018     December 31, 2017  
                   
Risk free interest rate     2.39 %     2.05 %     1.31 - 1.5 %
Expected volatility     45 %     195 %     250 %
Expected term     2.5 years       1 year       1 - 1.5 years  
Expected dividend yield     0 %     0 %     0 %
Schedule of Acquisition of Fixed Assets  

In the year ended December 31, 2017, Equipment acquired in the foreclosure transaction and the patent were valued on their respective acquisition dates using fair values.

 

   

Quoted

Active
Markets for
Identified
Assets

     Significant
Other
Observable
Inputs		     Significant
Unobservable
Inputs		     Total  
    (Level 1)     (Level 2)     (Level 3)        
March 31, 2019                                
Employee stock awards   $ -     $ 1,172,974     $ -     $ 1,172,974  
Executive stock grant expense     -       703,030       -       703,030  
SWK patent acquisition     -       -       4,624,005       4,624,005  
Jagemann Munition Components acquired intangible assets     -       -       5,912,305       5,912,305  
Stock and warrants issued for convertible promissory notes     -       358,800       -       358,800  
                                 
March 31, 2018                                
Employee stock awards   $ -     $ 482,432     $ -     $ 482,432  
Executive stock grant expense     -       106,563       -       106,563  
Warrants issued for services     -       -       125,000       125,000  
                                 
December 31, 2017                                
Common stock issued for legal, advisory and consulting fees   $ -     $ 454,625     $ -     $ 454,625  
Employee stock awards     -       160,000       -       160,000  
Common stock for licensing agreement     -       125,000       -       125,000  
Patent acquisition, noncash element     -       -       750,000       750,000  
Warrants issued for interest     -       -       46,188       46,188  
Warrants issued for services     -       -       67,000       67,000  
Assets acquired in foreclosure     -       -       543,115       543,115  
Common Stock issued for prepaid legal fees     -       224,000       -       224,000