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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Mar. 31, 2022
Current assets:    
Cash $ 10,109,650 $ 17,749,233
Prepaid expenses and other receivables 1,934,164 750,167
Accounts receivable - related party 0 101,297
Inventory 1,909,967 1,487,771
Total current assets 13,953,781 20,088,468
Property and equipment, net of accumulated depreciation 521,817 532,508
Intangible assets, net of accumulated amortization 1,427,150 1,480,980
Total other assets 1,948,967 2,013,488
Total assets 15,902,748 22,101,956
Current liabilities:    
Accounts payable 301,104 136,310
Other liabilities and accrued expenses 397,764 998,622
Foreign currency contract 2,177,458 440,196
Due to related party 122,381 0
Notes payable, current portion 17,398,654 19,188,724
Deferred revenue 70,980 259,256
Total current liabilities 20,468,341 20,582,912
Notes payable, net of current portion 3,490,589 0
Deferred revenue, net of current portion 955,916 1,052,960
Total liabilities 24,914,846 21,635,872
Stockholders’ (deficit) equity:    
Common stock, $0.001 par value, 42,000,000 shares authorized and 24,102,866 shares issued and outstanding at September 30, 2022 and March 31, 2022 24,103 24,103
Additional paid-in capital 38,295,775 38,295,775
Accumulated deficit (45,789,250) (37,731,476)
Accumulated other comprehensive loss (1,542,726) (122,318)
Total stockholders’ (deficit) equity (9,012,098) 466,084
Total liabilities and stockholders’ (deficit) equity $ 15,902,748 $ 22,101,956