XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Mar. 31, 2022
Mar. 31, 2021
Current assets:      
Cash $ 7,340,840 $ 17,749,233 $ 31,865,371
Prepaid expenses and other receivables 1,217,237 750,167 1,269,513
Accounts receivable - related party 25,320 101,297 0
Inventory 2,352,407 1,487,771 850,622
Total current assets 10,935,804 20,088,468 33,985,506
Other assets:      
Property and equipment, net of accumulated depreciation 581,903 532,508 202,145
Intangible assets, net of accumulated amortization 1,443,991 1,480,980 1,055,256
Total other assets 2,025,894 2,013,488 1,257,401
Total assets 12,961,698 22,101,956 35,242,907
Current liabilities:      
Accounts payable 171,207 136,310 253,694
Liability due to related parties   0 148,795
Other liabilities and accrued expenses 390,858 998,622 180,522
Foreign currency contract 1,075,692 440,196  
Notes payable, current portion 11,512,711 19,188,724 5,733,370
Deferred revenue 69,681 259,256 103,470
Total current liabilities 13,220,149 20,582,912 6,419,881
Notes payable, net of current portion 8,557,548 0 19,188,724
Deferred revenue, net of current portion 1,042,710 1,052,960 1,276,130
Total liabilities 22,820,407 21,635,872 26,884,735
Stockholders’ (deficit) equity:      
Common stock, $0.001 par value, 42,000,000 shares authorized and 24,103,196 and 24,102,866 shares issued and outstanding at December 31, 2022 and March 31, 2022 24,103 24,103 22,941
Additional paid-in capital 38,296,198 38,295,775 32,044,335
Accumulated deficit (47,192,364) (37,731,476) (23,844,671)
Accumulated other comprehensive loss (986,646) (122,318) 135,567
Total stockholders’ (deficit) equity (9,858,709) 466,084 8,358,172
Total liabilities and stockholders’ (deficit) equity $ 12,961,698 $ 22,101,956 $ 35,242,907