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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Mar. 31, 2020
Current Assets:    
Cash $ 19,007,893 $ 884,274
Accounts receivable, net of allowance for doubtful account of $117,094 at December 31, 2020 and $62,248 at March 31, 2020 6,877,047 3,004,839
Due from related parties 15,657 15,807
Inventories, at lower cost or net realizable value, principally average cost method 9,548,591 4,408,073
Prepaid expenses 1,053,671 844,117
Total Current Assets 36,502,859 9,157,110
Equipment, net of accumulated depreciation of $5,100,920 at December 31, 2020 and $3,060,681 at March 31, 2020 19,403,855 18,046,329
Other Assets:    
Deposits 52,183 216,571
Licensing agreements, net of accumulated amortization of $195,833 at December 31, 2020 and $158,833 at March 31, 2020 54,167 91,667
Patents, net of accumulated amortization of $931,102 at December 31, 2020 and $561,096 at March 31, 2019 6,142,903 6,512,909
Other Intangible Assets, net of accumulated amortization of $2,568,168 at December 31, 2020 and $1,496,833 at March 31, 2020 2,578,069 3,649,404
Right of Use Assets - Operating Leases 2,371,096 3,431,746
TOTAL ASSETS 67,105,132 41,105,736
Current Liabilities:    
Accounts payable 4,404,029 5,197,354
Factoring liability 2,290,598 2,005,979
Accrued liabilities 3,952,438 1,619,619
Inventory credit facility 2,250,000
Current portion of operating lease liability 510,103 375,813
Insurance premium note payable 103,792 329,724
Note payable related party 611,290 434,731
Total Current Liabilities 14,122,250 9,963,220
Long-term Liabilities:    
Contingent consideration payable 621,517 709,623
Convertible promissory notes, net of note issuance cost of $121,325 at December 31, 2020 and $237,611 at March 31, 2020 817,675 2,262,389
Notes payable related party 2,427,726 5,803,800
Note payable 4,000,000
Paycheck protection program notes 427,385
Operating Lease Liability, net of current portion 1,913,904 3,107,911
Total Liabilities 24,330,457 21,846,943
Shareholders' Equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized 63,498,045 at December 31, 2020 and 46,204,139 shares issued and outstanding at March 31, 2020, respectively 63,498 46,204
Additional paid-in capital 84,732,248 53,219,834
Stock subscription receivable (664,975)
Accumulated deficit (41,356,096) (34,007,245)
Total Shareholders' Equity 42,774,675 19,258,793
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 67,105,132 $ 41,105,736