XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.0.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]        
REVENUE $ 3,619,108 $ 2,972,972 $ 10,087,697 $ 8,885,034
Cost of Revenue 855,140 804,986 2,501,387 2,801,066
GROSS PROFIT 2,763,968 2,167,986 7,586,310 6,083,968
OPERATING EXPENSES        
Selling, general and administrative expenses 2,381,734 2,996,804 7,596,717 10,004,350
Research and development expenses 551,216 452,956 1,583,093 1,863,551
TOTAL OPERATING EXPENSES 2,932,950 3,449,760 9,179,810 11,867,901
LOSS FROM OPERATIONS (168,982) (1,281,774) (1,593,500) (5,783,933)
Interest expense (849,538) (790,080) (2,370,286) (2,203,860)
Accretion and amortization expenses [Note 5,6] (291,128) (422,706) (1,775,744) (1,576,345)
Change in fair value of derivative liabilities [Note 8] 32,339 (326,683) (468,280) (244,014)
Gain (loss) upon convertible promissory notes conversion and redemption [Note 9] (17,357) 2,148 (149,658) 15,280
Other income (expense) [Note 9] 65,512 11,004 (127,974) (118,941)
NET LOSS BEFORE INCOME TAXES (1,229,154) (2,808,091) (6,485,442) (9,911,813)
Income taxes [Note 3]
NET LOSS BEFORE DIVIDENDS (1,229,154) (2,808,091) (6,485,442) (9,911,813)
Preferred Stock Dividends (89,392) (237,904) (379,745) (617,043)
Deemed Dividends [Note 9] (3,054,680)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS (1,318,546) (3,045,995) (9,919,867) (10,528,856)
Translation adjustment 76,680 (204,501) (29,113) (99,091)
COMPREHENSIVE LOSS $ (1,241,866) $ (3,250,496) $ (9,948,980) $ (10,627,947)
LOSS PER SHARE, BASIC $ (0.054) $ (0.339) $ (0.498) $ (1.191)
LOSS PER SHARE, DILUTED $ (0.054) $ (0.339) $ (0.498) $ (1.191)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC 24,232,369 8,979,430 19,916,489 8,842,890
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED 24,232,369 8,979,430 19,916,489 8,842,890