Income Taxes (Tables)

12 Months Ended

Mar. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income Tax (Provision) Benefit

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

	2021			2020
Current
US Federal	$	-		$	-
US State		-			-
Total current provision		-			-
Deferred
US Federal		582,724			2,678,176
US State		137,276			630,916
Total deferred benefit		720,000			3,309,092
Change in valuation allowance		(720,000	)		(3,309,092	)
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, 2021 and 2020 is as follows:

	2021					2020
Computed tax expense	$	(1,572,832	)	21	%	$	(3,056,903	)	21	%
State taxes, net of Federal income tax benefit		(352,015	)	5	%		(684,164	)	5	%
Change in valuation allowance		720,000		(10	%)		3,309,092		(23	%)
Employee stock awards		372,742		(5	%)		231,692		(2	%)
Stock grants		71,596		(1	%)		137,477		(1	%)
Stock for services		438,828		(6	%)		90,541		(1	%)
Rent expense		660		0	%		13,358		0	%
Non-deductible meals & entertainment		13,709		0	%		7,833		0	%
Stock and warrants on note conversion		338,082		(5	%)		-		0	%
Contingent consideration fair value		(30,770	)	0	%		(48,926	)	0	%
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, 2021 and March 31, 2020 are as follows:

	2021			2020
Deferred tax assets
Net operating loss carryforward	$	8,119,764		$	7,571,092
Loss on purchase		801,366			544,366
Other		442,953			211,158
Total deferred tax assets	$	9,364,083		$	8,326,616
Deferred tax liabilities
Depreciation expense	$	(1,377,238	)	$	(1,059,771	)
Other		-			-
Total deferred tax liabilities	$	(1,377,238	)	$	(1,059,771	)
Net deferred tax assets	$	7,986,845		$	7,266,845
Valuation allowance		(7,986,845	)		(7,266,845	)
	$	-		$	-