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Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Mar. 31, 2020
Current Assets:    
Cash $ 118,341,471 $ 884,274
Accounts receivable, net of allowance for doubtful account of $148,540 at March 31, 2021 and $62,248 at March 31, 2020 8,993,920 3,004,839
Due from related parties 15,657 15,807
Inventories, at lower of cost or net realizable value, principally average cost method 15,866,918 4,408,073
Prepaid expenses 2,402,366 844,117
Total Current Assets 145,620,332 9,157,110
Equipment, net 21,553,226 18,046,329
Other Assets:    
Deposits 1,833,429 216,571
Licensing agreements, net 41,667 91,667
Patents, net 6,019,567 6,512,909
Other intangible assets, net 2,220,958 3,649,404
Right of use assets - operating leases 2,090,162 3,431,746
TOTAL ASSETS 179,379,341 41,105,736
Current Liabilities:    
Accounts payable 4,371,974 5,197,354
Factoring liability 1,842,188 2,005,979
Accrued liabilities 3,462,785 1,619,619
Inventory credit facility 1,091,098
Current portion of operating lease liability 663,784 375,813
Current portion of note payable related party 625,147
Insurance premium note payable 41,517 329,724
Note payable related party 434,731
Convertible promissory notes, net of note issuance costs of $237,611 at March 31, 2020 2,262,389
Total Current Liabilities 12,098,493 12,225,609
Long-term Liabilities:    
Contingent consideration payable 589,892 709,623
Notes payable related party 865,771 5,803,800
Note payable 4,000,000
Operating lease liability, net of current portion 1,477,656 3,107,911
Total Liabilities 19,031,812 21,846,943
Shareholders' Equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized 93,099,067 and 46,204,139 shares issued and outstanding at March 31, 2021 and March 31, 2020, respectively 93,100 46,204
Additional paid-in capital 202,073,968 53,219,834
Accumulated deficit (41,819,539) (34,007,245)
Total Shareholders' Equity 160,347,529 19,258,793
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 179,379,341 $ 41,105,736