LOSS PER SHARE

12 Months Ended

Mar. 31, 2023

Loss per share:

LOSS PER SHARE

NOTE 5 – LOSS PER SHARE

The Company calculates basic loss per share by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the reporting period. Diluted earnings per share is calculated similarly but reflects the potential impact of shares issuable upon the conversion or exercise of our outstanding convertible Preferred Stock, convertible notes payable, stock warrants and other commitments to issue Common Stock, except where the impact would be anti-dilutive, as defined in GAAP.

The following table sets forth the computations of basic and diluted earnings (loss) per share for the periods indicated:

	Fiscal Year Ended March 31,
	2023			2022
Net loss	$	(37,685,163	)	$	(17,106,497	)
Weighted average basic and diluted shares		274,108,025			206,211,711
Loss per share:
Basic and diluted	$	(0.14	)	$	(0.08	)

The following potentially dilutive securities and instruments were outstanding on the dates indicated, but excluded from the table above because their impact would be anti-dilutive:

	As of March 31,
	2023		2022
Convertible notes payable		663,546,451		158,403,141
Stock warrants		669,010,148		68,475,290
Convertible Preferred Stock		6,320,000		7,307,589
Total potential incremental shares		1,338,876,599		234,186,020