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Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Mar. 31, 2022
Current Assets    
Cash $ 2,473,386 $ 32,724
Accounts receivable, net 15,784,081 24,252,009
Inventories 5,718
Prepaid expenses 238,927 226,340
Other assets 422,254 473,705
Total Current Assets 18,918,648 24,990,496
Property and equipment, net 16,518 7,548
Goodwill 3,669 3,628
Intangible assets - purchased software, net 2,079,047 1,343,059
Other assets 3,645 37,635
Total Assets 21,021,527 26,382,366
Current Liabilities    
Accounts payable 4,158,006 7,568,135
Accrued expenses 1,368,367 1,175,098
Contract liabilities 350,689 366,749
Due to related parties 87,688 90,222
Notes payable to officer 691,942 641,822
Notes payable 323,218 51,484
Convertible notes payable, net 1,991,036 3,508,619
Liabilities in arrears with convertible features 109,000 109,000
Liabilities of discontinued operations 82,795 82,795
Total Current Liabilities 9,162,741 13,593,924
Notes payable, net of current portion 146,890 146,890
Total Liabilities 9,309,631 13,740,814
Commitments and Contingencies (Note 11)
Stockholders’ Equity    
Preferred stock, $0.01 par value; 1,000 shares authorized, issued and outstanding at March 31, 2022 and June 30, 2021 10 10
Common stock, $0.01 par value; 500,000,000 shares authorized, 85,008,099 shares issued and 84,979,729 shares outstanding at March 31, 2022, and 78,612,608 shares issued and 78,584,238 shares outstanding at June 30, 2021 785,844 849,799
Additional paid-in-capital 236,935,277 238,565,946
Common stock to be issued 63,700 91,250
Accumulated other comprehensive income (loss) (11,526) 18,493
Accumulated deficit (226,061,409) (226,883,946)
Total Stockholders’ Equity 11,711,896 12,641,552
Total Liabilities and Stockholders’ Equity $ 21,021,527 $ 26,382,366