XML 15 R2.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Mar. 31, 2023
Mar. 31, 2022
CURRENT ASSETS      
Cash $ 85,094 $ 570,460 $ 12,066,929
Accounts receivable, net 1,573,583 1,224,137 2,006,678
Inventories [Note 3] 2,048,910 2,337,006 842,924
Deposits and other receivables 224,895 588,599 406,280
Total current assets 3,932,482 4,720,202 15,322,811
Deposits [Note 10] 85,000 85,000 85,000
Long-term accounts receivable 135,560 96,344
Property and equipment [Note 12] 17,041 21,506 27,459
Operating right of use assets [Note 10] 1,316,135 1,587,492 1,242,700
TOTAL ASSETS 5,486,218 6,510,544 16,677,970
CURRENT LIABILITIES      
Accounts payable and accrued liabilities [Note 4] 7,558,745 5,042,476 2,595,747
Convertible promissory notes and short term loans [Note 5] 7,922,097 4,774,468 1,540,000
Term loan, current [Note 6] 1,800,000  
Derivative liabilities [Note 8] 928,333 1,008,216 520,747
Operating lease obligations, current [Note 10] 409,702 335,608 210,320
Total current liabilities 18,618,877 11,160,768 4,866,814
Federally guaranteed loans [Note 7] 870,800 870,800 870,800
Term loan [Note 6] 10,533,425 12,178,809 11,612,672
Derivative liabilities [Note 8] 1,139,293 759,065 352,402
Operating lease obligations [Note 10] 1,051,321 1,386,487 1,120,018
TOTAL LIABILITIES 32,213,716 26,355,929 18,822,706
STOCKHOLDERS’ DEFICIENCY      
Preferred stock, value     1
Common stock, $0.001 par value, 125,000,000 shares authorized as of December 31, 2023 and March 31, 2023. Issued and outstanding common shares: 9,258,957 and 8,508,052 as of December 31, 2023 and March 31, 2023, respectively, and exchangeable shares of 160,672 and 244,458 outstanding as at December 31, 2023 and March 31, 2023, respectively [Note 9] 9,420 8,753 51,277
Shares to be issued, 3,955 shares of common stock as of December 31, 2023 and March 31, 2023 [Note 9] 24,999 24,999 102,299
Additional paid-in-capital 95,560,789 92,844,478 91,507,478
Accumulated other comprehensive income/(loss) (251,888) (152,797) (768,656)
Accumulated deficit (123,099,681) (112,570,825) (93,037,142)
TOTAL STOCKHOLDERS’ DEFICIENCY (27,756,354) (19,845,385) (2,144,736)
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ DEFICIENCY 5,486,218 6,510,544 16,677,970
Series B convertible redeemable preferred stock [Member]      
Mezzanine Equity      
Series B Convertible Redeemable preferred stock, $0.001 par value, 600 and no shares authorized as of December 31, 2023 and March 31, 2023, respectively, 220 and no shares issued and outstanding as of December 31, 2023 and March 31, 2023, respectively [Note 9] 1,028,856
Series A Preferred Stock [Member]      
STOCKHOLDERS’ DEFICIENCY      
Preferred stock, value 6 6 7
Preferred Stock One [Member]      
STOCKHOLDERS’ DEFICIENCY      
Preferred stock, value $ 1 1  
Previously Reported [Member]      
CURRENT ASSETS      
Cash   570,460  
Accounts receivable, net   1,224,137  
Inventories [Note 3]   2,337,006  
Deposits and other receivables   588,599  
Total current assets   4,720,202  
Deposits [Note 10]   85,000  
Long-term accounts receivable   96,344  
Property and equipment [Note 12]   21,506  
Operating right of use assets [Note 10]   1,587,492  
TOTAL ASSETS   6,510,544  
CURRENT LIABILITIES      
Accounts payable and accrued liabilities [Note 4]   5,042,476  
Convertible promissory notes and short term loans [Note 5]   4,774,468  
Derivative liabilities [Note 8]   1,008,216  
Operating lease obligations, current [Note 10]   335,608  
Total current liabilities   11,160,768  
Federally guaranteed loans [Note 7]   870,800  
Term loan [Note 6]   12,178,809  
Derivative liabilities [Note 8]   759,065  
Operating lease obligations [Note 10]   1,386,487  
TOTAL LIABILITIES   26,355,929  
STOCKHOLDERS’ DEFICIENCY      
Preferred stock, value   1  
Common stock, $0.001 par value, 125,000,000 shares authorized as of December 31, 2023 and March 31, 2023. Issued and outstanding common shares: 9,258,957 and 8,508,052 as of December 31, 2023 and March 31, 2023, respectively, and exchangeable shares of 160,672 and 244,458 outstanding as at December 31, 2023 and March 31, 2023, respectively [Note 9]   52,514  
Shares to be issued, 3,955 shares of common stock as of December 31, 2023 and March 31, 2023 [Note 9]   24,999  
Additional paid-in-capital   92,800,717  
Accumulated other comprehensive income/(loss)   (152,797)  
Accumulated deficit   (112,570,825)  
TOTAL STOCKHOLDERS’ DEFICIENCY   (19,845,385) $ (2,144,736)
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ DEFICIENCY   6,510,544  
Previously Reported [Member] | Series B convertible redeemable preferred stock [Member]      
Mezzanine Equity      
Series B Convertible Redeemable preferred stock, $0.001 par value, 600 and no shares authorized as of December 31, 2023 and March 31, 2023, respectively, 220 and no shares issued and outstanding as of December 31, 2023 and March 31, 2023, respectively [Note 9]    
Previously Reported [Member] | Series A Preferred Stock [Member]      
STOCKHOLDERS’ DEFICIENCY      
Preferred stock, value   $ 6