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Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Mar. 31, 2019
Current Assets:    
Cash $ 884,274 $ 2,181,246
Accounts receivable, net of allowance for doubtful account of $62,248 at March 31, 2020 and $129,365 at March 31, 2019 3,004,839 1,225,911
Due from related parties 15,807 19,565
Inventories, at lower of cost or net realizable value, principally average cost method 4,408,073 4,772,597
Prepaid expenses 844,117 427,551
Total Current Assets 9,157,110 8,626,870
Equipment, net of accumulated depreciation of $3,060,681 at March 31, 2020 and $516,144 at March 31, 2019 18,046,329 21,999,787
Other Assets:    
Deposits 216,571 29,034
Licensing agreements, net of accumulated amortization of $158,333 at March 31, 2020 and $108,833 at March 31, 2019 91,667 141,667
Patents, net of accumulated amortization of $561,096 at March 31, 2020 and $134,701 at March 31, 2019 6,512,909 6,939,304
Other Intangible Assets, net of accumulated amortization of $1,496,833 at March 31, 2020 and $61,803 at March 31, 2019 3,649,404 5,850,502
Right of Use Assets - Operating Leases 3,431,746
TOTAL ASSETS 41,105,736 43,587,164
Current Liabilities:    
Accounts payable 5,197,354 1,920,344
Factoring liability 2,005,979
Accrued liabilities 1,619,619 531,434
Note payable related party 434,731
Insurance premium note payable 329,724 230,597
Current portion of operating lease liability 375,813
Convertible promissory notes, net of $237,611 of note issuance cost at March 31, 2020 2,262,389  
Current portion of note payable related party 1,500,000
Current portion of contingent consideration payable 300,000
Total Current Liabilities 12,225,609 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, net of current portion 709,623 900,000
Note payable related party 5,803,800 8,400,000
Operating Lease Liability, net of current portion 3,107,911
Total Liabilities 21,846,943 14,058,231
Shareholders' Equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized 46,204,139 at March 31, 2020 and 44,013,075 shares issued and outstanding at March 31, 2019, respectively 46,204 44,013
Additional paid-in capital 53,219,834 48,935,485
Accumulated Deficit (34,007,245) (19,450,565)
Total Shareholders' Equity 19,258,793 29,528,933
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 41,105,736 $ 43,587,164