Income Taxes (Tables)

12 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Income Tax (Provision) Benefit

The income tax (provision) benefit for the periods shown consist of the following:

	2020			2019
Current
US Federal	$	-		$	-
US State		-			-
Total current provision		-			-
Deferred
US Federal		2,678,176			1,965,258
US State		630,916			462,969
Total deferred benefit		3,309,092			2,428,227
Change in valuation allowance		(3,309,092	)		(2,428,227	)
Income tax (provision) benefit	$	-		$	-

Schedule of Reconciliation of Income Tax

The reconciliation of income tax expense computed at the U.S. federal statutory rate of 21% to the income tax provision for the years ended March 31, 2020 and 2020 is as follows:

	2020		2019
Computed tax expense	$	(3,056,903)	$	(2,458,977)
State taxes, net of Federal income tax benefit		(684,164)		(550,342)
Change in valuation allowance		3,309,092		2,428,227
Employee stock awards		231,692		301,454
Stock grants		137,477		180,679
Stock for services		90,541		5,744
Rent expense		13,358		-
Non-deductible meals & entertainment		7,833		1,003
Stock and warrants on note conversion		-		92,212
Contingent consideration fair value		(48,926)		-
Total provision for income taxes	$	-	$	-

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax liabilities and assets at March 31, 2020 and March 31, 2019 are as follows:

	2020			2019
Deferred tax assets
Net operating loss carryforward	$	7,571,092		$	3,950,078
Loss on purchase		544,366			544,366
Other		211,158			2,629
Total deferred tax assets	$	8,326,616		$	4,497,073
Deferred tax liabilities
Depreciation expense	$	(1,059,771	)	$	(512,945	)
Other		-			(26,376	)
Total deferred tax liabilities	$	(1,059,771	)	$	(539,321	)
Net deferred tax assets	$	7,266,845		$	3,957,752
Valuation allowance		(7,266,845	)		(3,957,752	)
	$	-		$	-