INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of deferred tax assets

	YEAR ENDED MARCH 31,
	2022			2021
Deferred tax assets:
Capitalized research and development	$	3,442,000		$	3,442,000
Net operating loss carryforwards1		22,039,000			19,921,000
Stock compensation		1,609,000			1,399,000
Total deferred tax assets		27,090,000			24,762,000
Total deferred tax liabilities		–			–
Net deferred tax assets		27,090,000			24,762,000
Valuation allowance for deferred tax assets		(27,090,000	)		(24,762,000	)
Net deferred tax assets	$	–		$	–

Provision for income taxes

	2022			2021
Income taxes (benefit) at federal statutory rate of 21.00%	$	(2,188,000	)	$	(1,657,000	)
Tax effect on non-deductible expenses and credits		1,000			1,000
True up items		(5,000	)		25,000
Expiration of net operating loss carryforwards (1)		593,000			427,000
Change in valuation allowance		1,599,000			1,204,000
Income Tax Expense (Benefit)	$	–		$	–

 ______________

(1) Pursuant to Internal Revenue Code Section 382, use of our tax net operating loss carryforwards may be limited.