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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Mar. 31, 2020
Current Assets:    
Cash $ 3,413,710 $ 884,274
Accounts receivable, net of allowance for doubtful account of $85,419 at September 30, 2020 and $62,248 at March 31, 2020 5,331,298 3,004,839
Due from related parties 15,657 15,807
Inventories, at lower cost or net realizable value, principally average cost method 7,603,031 4,408,073
Prepaid expenses 1,035,322 844,117
Total Current Assets 17,399,018 9,157,110
Equipment, net of accumulated depreciation of $4,369,737 at September 30, 2020 and $3,060,681 at March 31, 2020 17,917,453 18,046,329
Other Assets:    
Deposits 277,801 216,571
Licensing agreements, net of accumulated amortization of $183,333 at September 30, 2020 and $158,833 at March 31, 2020 66,667 91,667
Patents, net of accumulated amortization of $807,766 at September 30, 2020 and $561,096 at March 31, 2019 6,266,239 6,512,909
Other Intangible Assets, net of accumulated amortization of $2,211,057 at September 30, 2020 and $1,496,833 at March 31, 2020 2,935,180 3,649,404
Right of Use Assets - Operating Leases 2,488,861 3,431,746
TOTAL ASSETS 47,351,219 41,105,736
Current Liabilities:    
Accounts payable 4,477,570 5,197,354
Factoring liability 2,074,621 2,005,979
Accrued liabilities 2,765,070 1,619,619
Inventory credit facility 2,250,000
Current portion of operating lease liability 495,102 375,813
Insurance premium note payable 286,030 329,724
Convertible promissory notes, net of note issuance cost of $18,278 at September 30, 2020 and $237,611 at March 31, 2020 2,481,722 2,262,389
Note payable related party 434,731
Total Current Liabilities 14,830,115 12,225,609
Long-term Liabilities:    
Contingent consideration payable 652,265 709,623
Notes payable related party 11,275,298 5,803,800
Paycheck protection program notes 1,051,985
Operating Lease Liability, net of current portion 2,047,470 3,107,911
Total Liabilities 29,857,133 21,846,943
Shareholders' Equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized 48,324,347 and 46,204,139 shares issued and outstanding at September 30, 2020 and March 31, 2020, respectively 48,323 46,204
Additional paid-in capital 56,895,422 53,219,834
Accumulated deficit (39,449,659) (34,007,245)
Total Shareholders' Equity 17,494,086 19,258,793
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 47,351,219 $ 41,105,736