Income Taxes (Tables)

12 Months Ended

Mar. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of components of income tax expense (benefit)

Income tax provision (benefit) for income taxes is summarized below:

Years Ended	March 31, 2021			March 31, 2020
Current:
Federal	$	––		$	––
State		––			––
Total current		—			—
Deferred:
Federal		228,000			442,000
State		44,000			71,000
Total deferred		272,000			513,000
Valuation allowance		(272,000	)		(513,000	)
Total	$	—		$	—

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation between the effective rate and the federal statutory rate:

Years Ended	March 31, 2021			March 31, 2020
Expected income tax rate	$	123,000		$	(42,000	)
State income taxes, net of federal tax benefit		23,000			(9,000	)
PPP forgiveness		(150,000	)
Other permanent differences		1,000			10,000
Research credits		(40,000	)		(35,000	)
Change in valuation allowance		43,000			76,000
Income tax expense	$	—		$	—

Schedule of components of the deferred tax asset

The components of the net accumulated deferred income tax asset (liability) are as follows:

Years Ended	March 31, 2021			March 31, 2020
Other deferred assets	$	148,000		$	71,000
Valuation allowance		(148,000	)		(71,000	)
Current deferred tax assets		—			—
Credits and net operating loss   carryforwards		2,151,000			2,222,000
Valuation allowance		(2,151,000	)		(2,222,000	)
Long-term deferred tax assets		—			—
Total deferred tax assets		—			—
Valuation allowance		—			—
Long-term deferred tax liabilities		—			—
Total deferred tax liabilities		—			—
Net deferred tax assets (liabilities)	$	—		$	—

The primary components of our deferred tax assets are described below:

Years Ended	March 31, 2021			March 31, 2020
Differences in reporting long-term assets	$	148,000		$	71,000
Credits and net operating loss   carryforwards		2,151,000			2,222,000
Less valuation allowance		(2,299,000	)		(2,293,000	)
Total deferred tax assets	$	—		$	—