Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Accounts (Tables)

v3.21.2
Balance Sheet Accounts (Tables)
3 Months Ended
Jun. 30, 2021
Balance Sheet Accounts  
Schedule of prepaid expenses and other current assets

    

June 30, 

    

March 31, 

2021

2021

Prepaid inventory

$

1,495,968

$

1,501,542

Prepaid insurance

 

178,612

 

52,573

Other prepaid expenses

 

105,354

 

126,442

$

1,779,934

$

1,680,557

Schedule of components of equipment

June 30, 2021

March 31, 2021

Accumulated

Accumulated

    

Cost

    

Depreciation

    

Net

    

Cost

    

Depreciation

    

Net

Computers and electronics

$

303,337

$

303,337

$

$

303,337

$

303,337

$

Furniture and fixtures

 

36,795

 

36,795

 

 

36,795

 

36,795

 

Demonstration equipment

 

123,301

 

55,456

 

67,845

 

170,386

 

76,809

 

93,557

Manufacturing equipment

 

88,742

 

88,742

 

 

88,742

 

88,742

 

Tools and parts

 

11,422

 

11,422

 

 

11,422

 

11,422

 

Assets under capital lease

 

68,453

 

68,453

 

 

68,453

 

68,453

 

$

632,050

$

564,205

$

67,845

$

679,135

$

585,558

$

93,577

Schedule of accrued expenses

    

June 30, 

    

March 31, 

2021

2021

Accrued personnel costs

$

301,591

$

371,886

Accrued director fees

 

158,172

 

50,672

Accrued commissions

 

54,117

 

51,080

Accrued professional fees

 

65,000

 

127,211

Accrued warranty costs

 

29,187

 

45,936

Accrued other

 

170,334

 

113,241

$

778,401

$

760,026