Income Taxes (Tables)

12 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of deferred tax assets

	March 31,
	2022			2021
Deferred tax assets:
Net operating loss carryforwards	$	28,224,000		$	25,687,000
Research and development tax credit carryforwards		1,850,000			1,850,000
Stock-based compensation		309,000			3,120,000
Allowances and accruals		1,336,000			659,000
Other deferred tax assets		–			398,000
Lease liability		63,000			78,000
Gross deferred tax assets	$	31,782,000		$	31,792,000
Less valuation allowance		(30,613,000	)		(31,528,000	)
Total deferred tax assets	$	1,169,000		$	264,000
Deferred tax liabilities:
Fixed assets		(17,000	)		(3,000	)
Prepaid expenses		(260,000	)		(186,000	)
Right of Use asset		(63,000	)		(75,000	)
Gross deferred tax liabilities		(340,000	)		(264,000	)
Net deferred tax assets	$	829,000		$	–

Income tax provision domestic and foreign

	Year Ended March 31,
	2022		2021
Domestic	$	(3,516,000)	$	(2,052,000)
Foreign		(1,883,000)		(1,467,000)
	$	(5,399,000)	$	(3,519,000)

Schedule of income tax expense

	Year Ended March 31,
	2022		2021
Current:
State	$	8,000	$	1,000
Foreign		469,000		941,000
		477,000		942,000
Deferred:
Federal		–		–
State		–		–
Foreign		(809,000)		–
	$	(332,000)	$	942,000

Reconciliation of federal income tax rate to effective rate

	Year Ended March 31,
	2022			2021
Expected federal statutory rate		21.0%			21.0%
State income taxes		5.7%			2.1%
Foreign earnings taxed at different rates		3.7%			3.6%
Foreign tax true-up		–			(12.4%	)
Effect of permanent differences		(3.0%	)		(9.5%	)
Effect of intercompany interest permanent differences		(12.3%	)		(17.9%	)
True-up of state deferred assets		(25.6%	)		(120.7%	)
		(10.5%	)		(133.8%	)
Change in valuation allowance		16.7%			107.1%
Totals		(6.2%	)		(26.7%	)