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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2023
Mar. 31, 2023
Current assets:    
Cash $ 4,009,691 $ 10,105,135
Inventory 2,351,286 1,754,852
Prepaid expenses and other receivables 467,016 357,934
VAT Receivable 254,106 409,648
Deposit on foreign exchange contract 390,713 909,666
Total current assets 7,472,812 13,537,235
Property and equipment, net of accumulated depreciation 629,007 641,906
Intangible assets, net of accumulated amortization 348,214 384,092
Total assets 8,450,033 14,563,233
Current liabilities:    
Accounts payable 256,950 326,641
Other liabilities and accrued expenses 253,246 130,678
Notes payable, current portion 16,967,686 16,942,500
Payable to related parties 337,735 920,780
Deferred revenue, current portion 127,140 123,640
Foreign exchange contract derivative liability 507,648 731,730
Warrant liability 3,204,000 3,092,000
Total current liabilities 21,654,405 22,267,969
Notes payable, non-current portion 119,477 3,087,651
Deferred revenue, non-current portion 1,053,915 1,021,811
Total liabilities 22,827,797 26,377,431
Commitments and contingencies
Stockholders’ deficit:    
Common stock, $0.001 par value, 42,000,000 shares authorized and 28,899,402 shares issued and outstanding at June 30, 2023 and March 31, 2023 28,899 28,899
Additional paid-in capital 40,991,377 40,991,377
Accumulated deficit (54,478,365) (51,875,211)
Accumulated other comprehensive loss (919,675) (959,263)
Total stockholders’ deficit (14,377,764) (11,814,198)
Total liabilities and stockholders’ deficit $ 8,450,033 $ 14,563,233