XML 21 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
REVENUE $ 7,650,269 $ 3,384,767
Cost of Revenue 3,080,116 2,112,035
GROSS PROFIT 4,570,153 1,272,732
EXPENSES    
General and administrative expenses [Notes 8, 9,12,13] 19,845,939 12,565,396
Research and development expenses 2,744,587 2,059,130
TOTAL OPERATING EXPENSES 22,590,526 14,624,526
Other income [Note 3] (15,120) (36,636)
Loss upon convertible promissory notes conversion [Note 9] 1,155,642 103,735
Accretion and amortization expenses [Note 5,6] 9,286,023 2,481,155
Change in fair value of derivative liabilities [Note 8] 683,559 (408,872)
NET LOSS BEFORE INCOME TAXES (29,130,477) (15,491,176)
Income taxes [Note 10]
NET LOSS BEFORE DIVIDENDS (29,130,477) (15,491,176)
Less: Preferred Stock Dividends 1,088,977 962,148
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS (30,219,454) (16,453,324)
Translation adjustment (134,470) 223,121
COMPREHENSIVE LOSS $ (30,353,924) $ (16,230,203)
LOSS PER SHARE, BASIC AND DILUTED $ (0.665) $ (0.438)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 45,449,720 37,522,978