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CAPITAL STOCK (Tables)
12 Months Ended
Mar. 31, 2023
Equity [Abstract]  
SCHEDULE OF OUTSTANDING AND EXERCISABLE STOCK PURCHASE WARRANTS

At March 31, 2023, 2022, and 2021 outstanding and exercisable stock purchase warrants consisted of the following:

SCHEDULE OF OUTSTANDING AND EXERCISABLE STOCK PURCHASE WARRANTS 

   Number of
Shares
  

Weighted

Averaged
Exercise Price

   Weighted
Average Life
Remaining (Years)
 
Outstanding at March 31, 2020   8,504,372   $2.10    3.60 
Granted   2,925,204    2.31    2.47 
Exercised   (7,821,631)   2.08    - 
Forfeited or cancelled   -    -    - 
Outstanding at March 31, 2021   3,607,945   $2.31    3.24 
Exercisable at March 31, 2021   3,179,730   $2.27    3.05 

 

SCHEDULE OF OUTSTANDING AND EXERCISABLE STOCK PURCHASE WARRANTS 

   Number of
Shares
  

Weighted

Averaged
Exercise Price

   Weighted
Average Life
Remaining (Years)
 
Outstanding at March 31, 2021   3,607,945   $2.31    3.24 
Granted   200,000    0.01    3.92 
Exercised   (874,190)   1.76    - 
Forfeited or cancelled   -    -    - 
Outstanding at March 31, 2022   2,933,755   $2.32    2.29 
Exercisable at March 31, 2022   2,933,755   $2.32    2.29 

 

   Number of
Shares
  

Weighted

Averaged
Exercise Price

   Weighted
Average Life
Remaining (Years)
 
Outstanding at March 31, 2022   2,933,755   $2.32    2.29 
Granted   150,000    0.01    4.5 
Exercised   (300,003)   0.34    - 
Forfeited or cancelled   (322,806)   2.00    - 
Outstanding at March 31, 2023   2,460,946   $2.46    1.59 
Exercisable at March 31, 2023   2,460,946   $2.46    1.59 

 

As of March 31, 2023, we had 2,460,946 warrants outstanding. Each warrant provides the holder the right to purchase up to one share of our Common Stock at a predetermined exercise price. The outstanding warrants consist of (1) warrants to purchase 911 shares of Common Stock at an exercise price of $1.65 per share until April 2025; (2) warrants to purchase 1,448,758 shares of our Common Stock at an exercise price of $2.00 per share consisting of 16% of the warrants until August 2024, and 84% until February 2026; (3) warrants to purchase 474,966 shares of Common Stock at an exercise price of $2.40 until September 2024; (4) warrants to purchase 386,311 shares of Common Stock at an exercise price of $2.63 until November 2025, and (5) warrants to purchase 150,000 shares of Common Stock at an exercise price of $6.72 until February 2024.