XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Mar. 31, 2021
Current Assets:    
Cash and cash equivalents $ 50,972,447 $ 118,341,471
Accounts receivable, net 23,800,569 8,993,920
Due from related parties 18,657 15,657
Inventories, at lower of cost or net realizable value, principally average cost method 27,939,525 15,866,918
Prepaid expenses 3,460,619 2,402,366
Total Current Assets 106,191,817 145,620,332
Equipment, net 23,173,432 21,553,226
Other Assets:    
Deposits 5,653,310 1,833,429
Licensing agreements, net 29,167 41,667
Patents, net 5,896,233 6,019,567
Other intangible assets, net 146,452,655 2,220,958
Goodwill 90,999,208
Right of use assets - operating leases 2,675,803 2,090,162
TOTAL ASSETS 381,071,625 179,379,341
Current Liabilities:    
Accounts payable 23,906,989 4,371,974
Factoring liability 1,095,989 1,842,188
Accrued liabilities 3,789,179 3,462,785
Inventory credit facility 258,955 1,091,098
Current portion of contingent consideration payable 10,755,000
Current portion of operating lease liability 948,894 663,784
Current portion of note payable related party 639,636 625,147
Insurance premium note payable 1,320,278 41,517
Total Current Liabilities 42,714,920 12,098,493
Long-term Liabilities:    
Contingent consideration payable, net of current portion 533,254 589,892
Notes payable related part, net of current portion 700,507 865,771
Note payable 4,000,000
Operating lease liability, net of current portion 1,857,697 1,477,656
Total Liabilities 45,806,378 19,031,812
Shareholders’ Equity:    
Series A Cumulative Perpetual Preferred Stock 7.25%, ($25.00 per share, $0.001 par value) 1,400,000 shares issued and outstanding as of June 30, 2021 1,400
Common stock, $0.001 par value, 200,000,000 shares authorized 113,046,766 and 93,099,067 shares issued and outstanding  at June 30, 2021 and March 31, 2021, respectively 113,047 93,100
Additional paid-in capital 367,771,424 202,073,968
Accumulated deficit (32,620,624) (41,819,539)
Total Shareholders’ Equity 335,265,247 160,347,529
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 381,071,625 $ 179,379,341