XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]    
REVENUE $ 2,056,052 $ 1,764,110
Cost of Revenue 830,923 594,029
GROSS PROFIT 1,225,129 1,170,081
EXPENSES    
General and administrative expenses [Notes 8, 9 and 10] 4,881,003 3,583,600
Research and development expenses 821,176 588,997
TOTAL OPERATING EXPENSES 5,702,179 4,172,597
Other (income)/expense (8,782)
Loss upon convertible promissory notes conversion [Note 9] 50,908 28,215
Accretion and amortization expenses [Note 6] 50,070 2,335,167
Change in fair value of derivative liabilities [Note 8] 198,224 298,983
NET LOSS BEFORE INCOME TAXES (4,776,252) (5,656,099)
Income taxes
NET LOSS BEFORE DIVIDENDS (4,776,252) (5,656,099)
Less: Preferred Stock Dividends 248,137 241,264
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS (5,024,389) 5,897,363
Translation adjustment 233,004 6,560
COMPREHENSIVE LOSS $ (4,791,385) $ (5,890,803)
LOSS PER SHARE, BASIC AND DILUTED $ (0.098) $ (0.151)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 51,440,944 39,095,637