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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Mar. 31, 2021
Current Assets:    
Cash and cash equivalents $ 32,938,021 $ 118,341,471
Accounts receivable, net 39,621,340 8,993,920
Due from related parties 18,934 15,657
Inventories 34,960,878 15,866,918
Prepaid expenses 3,412,497 2,402,366
Total Current Assets 110,951,670 145,620,332
Equipment, net 25,695,773 21,553,226
Other Assets:    
Deposits 17,217,487 1,833,429
Licensing agreements, net 16,667 41,667
Patents, net 5,772,897 6,019,567
Other intangible assets, net 143,052,686 2,220,958
Goodwill 90,870,094
Right of use assets - operating leases 2,935,322 2,090,162
TOTAL ASSETS 396,512,596 179,379,341
Current Liabilities:    
Accounts payable 20,807,941 4,371,974
Factoring liability 3,131,676 1,842,188
Accrued liabilities 5,452,427 3,462,785
Inventory credit facility 194,810 1,091,098
Current portion of contingent consideration payable 10,755,000
Current portion of operating lease liability 867,133 663,784
Current portion of note payable related party 654,461 625,147
Insurance premium note payable 1,134,159 41,517
Total Current Liabilities 42,997,607 12,098,493
Long-term Liabilities:    
Contingent consideration payable, net of current portion 529,810 589,892
Notes payable related part, net of current portion 531,396 865,771
Note payable 4,000,000
Operating lease liability, net of current portion 2,195,095 1,477,656
Total Liabilities 46,253,908 19,031,812
Shareholders’ Equity:    
Series A Cumulative Perpetual Preferred Stock 8.75%, ($25.00 per share, $0.001 par value) 1,400,000 shares issued and outstanding as of September 30, 2021 1,400
Common stock, $0.001 par value, 200,000,000 shares authorized 113,583,016 and 93,099,067 shares issued and outstanding at September 30, 2021 and March 31, 2021, respectively 113,583 93,100
Additional paid-in capital 369,431,456 202,073,968
Accumulated deficit (19,287,751) (41,819,539)
Total Shareholders’ Equity 350,258,688 160,347,529
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 396,512,596 $ 179,379,341