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Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Mar. 31, 2020
Current Assets:    
Cash $ 1,017,513 $ 884,274
Accounts receivable, net of allowance for doubtful account of $78,154 at June 30, 2020 and $62,248 at March 31, 2020 4,134,517 3,004,839
Stock subscription receivable 1,840,910
Due from related parties 15,657 15,807
Inventories, at lower cost or net realizable value, principally average cost method 6,518,757 4,408,073
Prepaid expenses 630,103 844,117
Total Current Assets 14,157,457 9,157,110
Equipment, net of accumulated depreciation of $3,736,734 at June 30, 2020 and $3,060,681 at March 31, 2020 16,842,158 18,046,329
Other Assets:    
Deposits 372,755 216,571
Licensing agreements, net of accumulated amortization of $170,833 at June 30, 2020 and $158,833 at March 31, 2020 79,167 91,667
Patents, net of accumulated amortization of $684,431 at June 30, 2020 and $561,096 at March 31, 2020 6,389,574 6,512,909
Other Intangible Assets, net of accumulated amortization of $1,853,946 at June 30, 2020 and $1,496,833 at March 31, 2020 3,292,291 3,649,404
Right of Use Assets - Operating Leases 2,603,745 3,431,746
TOTAL ASSETS 43,737,147 41,105,736
Current Liabilities:    
Accounts payable 3,656,650 5,197,354
Factoring liability 1,907,788 2,005,979
Accrued liabilities 2,467,085 1,619,619
Inventory credit facility 1,758,003
Note payable related party 391,536 434,731
Current portion of operating lease liability 480,470
Insurance premium note payable 200,214 329,724
Convertible promissory notes, net of note issuance cost of $127,944 at June 30, 2020 and $237,611 at March 31, 2020 2,372,056 2,262,389
Total Current Liabilities 13,233,802 11,849,796
Long-term Liabilities:    
Contingent consideration payable 681,655 709,623
Notes payable related party 8,235,302 5,803,800
Paycheck protection program notes 1,051,985
Operating Lease Liability, net of current portion 2,176,119 3,483,724
Total Liabilities 25,378,863 21,846,943
Shareholders' Equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized 47,454,277 at June 30, 2020 and 46,204,139 shares issued and outstanding at March 31, 2020, respectively 47,453 46,204
Additional paid-in capital 55,421,865 53,219,834
Accumulated Deficit (37,111,034) (34,007,245)
Total Shareholders' Equity 18,358,284 19,258,793
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 43,737,147 $ 41,105,736