Note 1 - Background and Significant Accounting Policies (Tables)

9 Months Ended

Dec. 31, 2019

Notes Tables

Disposal Groups, Including Discontinued Operations [Table Text Block]

Discontinued Operations – (continued)	December 31, 2019						March 31, 2019
	Continuing		Discontinued		Total		Continuing		Discontinued		Total
ASSETS
CURRENT ASSETS
Cash	$	37,300	$	-	$	37,300	$	182,055	$	45,703	$	227,758
Accounts receivable, net		80,436		-		80,436		488,329		-		488,329
Inventory, net		1,560,048		-		1,560,048		1,533,792		602,714		2,136,506
Prepaid and other current assets		83,240		-		83,240		262,208		351,970		614,178
Note receivable		1,365,042		-		1,365,042		-		-		-
TOTAL CURRENT ASSETS		3,126,066		-		3,126,066		2,466,384		1,000,387		3,466,771
Property and equipment, net		10,097,430		-		10,097,430		10,481,706		13,022,996		23,504,702
Intangible assets, net		2,073,839		-		2,073,839		1,818,802		-		1,818,802
Note receivable		5,366,133		-		5,366,133		-		-		-
Deposits and other noncurrent assets		95,504		-		95,504		230,651		1,002,376		1,233,027
Operating lease right-of-use assets, net		144,146		-		144,146		-		-		-
TOTAL ASSETS	$	20,903,118	$	-	$	20,903,118	$	14,997,543	$	15,025,759	$	30,023,302
LIABILITIES
CURRENT LIABILITIES
Accounts payable	$	1,998,994	$	-	$	1,998,994	$	1,374,771	$	1,695,985	$	3,070,756
Accrued interest		429,064		-		429,064		142,112		-		142,112
Accrued expenses		469,053		-		469,053		244,931		76,415		321,346
Notes payable, net		4,860,221		-		4,860,221		2,229,812		300,000		2,529,812
Indebtedness to related parties		476,661		-		476,661		-		-		-
Income tax payable		506,145		-		506,145		506,145		-		506,145
Operating lease obligations, current		47,084		-		47,084		-		-		-
Finance lease obligations, current		134,239		-		134,239		80,132		61,877		142,009
TOTAL CURRENT LIABILITIES		8,921,461		-		8,921,461		4,577,903		2,134,277		6,712,180
Note payable, net		-		-		-		161,072				161,072
Operating lease obligations, long term		114,052		-		114,052		-				-
Finance lease obligations, long term		3,565,622		-		3,565,622		3,646,540		2,347,511		5,994,051
TOTAL LIABILITIES	$	12,601,135	$	-	$	12,601,135	$	8,385,515	$	4,481,788	$	12,867,303

	For the Three Months Ended December 31,
	2019									2018
	Continuing			Discontinued			Total			Continuing			Discontinued			Total
Sales revenue	$	254,131		$	192,070		$	446,201		$	695,764		$	-		$	695,764
Cost of goods sold		(675,933	)		(193,915	)		(869,848	)		(302,569	)		-			(302,569	)
Gross profit (loss)		(421,802	)		(1,845	)		(423,647	)		393,195			-			393,195
General and administrative expenses		1,744,699			666,042			2,410,741			2,456,411			526,210			2,982,621
LOSS FROM OPERATIONS		(2,166,501	)		(667,887	)		(2,834,388	)		(2,063,216	)		(526,210	)		(2,589,426	)
OTHER INCOME/(EXPENSE)
Interest expense		(419,264	)		(52,769	)		(472,033	)		(258,522	)		(62,627	)		(321,149	)
Other income/(expense)		(118,695	)		-			(118,695	)		(402,504	)					(402,504	)
Loss on extinguishment		(92,795	)		-			(92,795	)		-			-			-
Gain on deconsolidation of subsidiary		4,502,058			-			4,502,058			-			-			-
Total other expense		3,871,304			(52,769	)		3,818,535			(661,026	)		(62,627	)		(723,653	)
NET LOSS BEFORE INCOME TAXES		1,704,803			(720,656	)		984,147			(2,724,242	)		(588,837	)		(3,313,079	)
Income tax expense		-			-			-			(737,568	)		-			(737,568	)
NET INCOME/(LOSS)	$	1,704,803		$	(720,656	)	$	984,147		$	(3,461,810	)	$	(588,837	)	$	(4,050,647	)

	For the Nine Months Ended December 31,
	2019									2018
	Continuing			Discontinued			Total			Continuing			Discontinued			Total
Sales revenue	$	2,336,505		$	569,077		$	2,905,582		$	2,728,277		$	-		$	2,728,277
Cost of goods sold		(3,157,452	)		(574,544	)		(3,731,996	)		(1,185,878	)		-			(1,185,878	)
Gross profit (loss)		(820,947	)		(5,467	)		(826,414	)		1,542,399			-			1,542,399
General and administrative expenses		5,213,561			1,292,613			6,506,174			10,079,767			1,935,766			12,015,533
LOSS FROM OPERATIONS		(6,034,508	)		(1,298,080	)		(7,332,588	)		(8,537,368	)		(1,935,766	)		(10,473,134	)
OTHER INCOME/(EXPENSE)
Interest expense		(1,332,637	)		(178,140	)		(1,510,777	)		(4,681,235	)		(188,947	)		(4,870,182	)
Other income/(expense)		74,920			-			74,920			(3,352,311	)		-			(3,352,311	)
Loss on extinguishment		(216,954	)		-			(216,954	)		-			-			-
Gain on deconsolidation of subsidiary		4,502,058			-			4,502,058			-			-			-
Total other expense		3,027,387			(178,140	)		2,849,247			(8,033,546	)		(188,947	)		(8,222,493	)
NET LOSS BEFORE INCOME TAXES		(3,007,121	)		(1,476,220	)		(4,483,341	)		(16,570,914	)		(2,124,713	)		(18,695,627	)
Income tax expense		-			-			-			(737,568	)		-			(737,568	)
NET LOSS	$	(3,007,121	)	$	(1,476,220	)	$	(4,483,341	)	$	(17,308,482	)	$	(2,124,713	)	$	(19,433,195	)

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	For the Three Months Ended December 31, 2019
Diluted EPS Computation	Income (Numerator)			Shares (Denominator)		Per-Share Amount
Net income from continuing operations available to common stockholders	$	1,704,803
Plus: Income impact of assumed conversions
Interest expense on convertible notes payable		51,608
Effect of assumed conversions		51,608
Income from continuing operations plus assumed conversions		1,756,411
Net loss from discontinued operations available to common stockholders		(360,329	)
Net income available to common stockholders	$	1,396,082
Weighted-average common shares outstanding					263,055,254
Plus: incremental shares from assumed conversions
Warrants					26,648,530
Convertible notes payable					36,086,770
Dilutive potential common shares					62,735,300
Adjusted weighted-average shares					325,790,554
Diluted EPS
Net income from continuing operations	$	1,756,411			325,790,554	$	0.01
Net loss from discontinued operations	$	(360,329	)		325,790,554	$	(0.00	)
Net loss	$	1,396,082			325,790,554	$	0.00