Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Mar. 31, 2021
Current assets    
Cash and cash equivalents $ 541,587 $ 608,348
Accounts receivable 446,105 451,905
Prepaid expenses and other receivables 1,779,934 1,680,557
Inventories 601,312 692,163
Total current assets 3,368,938 3,432,973
Equipment 67,845 93,577
Intangible assets, net 956,919 976,551
Goodwill 4,282,984 4,282,984
Total assets 8,676,686 8,786,085
Current liabilities    
Accounts payable 520,776 454,809
Accrued liabilities 778,401 760,026
PPP Loan 0 459,912
Loan outstanding 2,212,334 2,152,334
Deferred revenue, current portion 232,250 268,083
Total current liabilities 3,743,761 4,095,164
Deferred revenue, net of current portion 318,604 303,917
Demand loans, net of current portion 1,697,457 1,105,974
Total Liabilities 5,759,822 5,505,055
Commitments and contingencies (Note 9)
Stockholders' Equity    
Preferred stock, $0.001 par value; Authorized 5,000,000; Issued-1 Special voting preferred stock, $0.001 par value; Authorized; Issued - 1
Common stock, $0.001 par value; Authorized - 13,000,000; Issued 5,589,375 and 112,440 Exchangeable Shares at June 30, 2021 and March 31, 2021 5,702 5,702
Additional paid-in capital 88,322,050 88,227,506
Accumulated deficit (85,445,239) (84,994,327)
Accumulated other comprehensive income 34,351 42,149
Total stockholders' equity 2,916,864 3,281,030
Total liabilities and stockholders' equity $ 8,676,686 $ 8,786,085