Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Mar. 31, 2021
Current assets    
Cash and cash equivalents $ 4,774,663 $ 608,348
Accounts receivable 71,470 451,905
Prepaid expenses and other current assets 1,549,265 1,680,557
Inventories 788,871 692,163
Total current assets 7,184,269 3,432,973
Equipment 57,570 93,577
Intangible assets, net 937,271 976,551
Goodwill 4,282,984 4,282,984
Total assets 12,462,094 8,786,085
Current liabilities    
Accounts payable 377,908 454,809
Accrued liabilities 779,901 760,026
PPP loan 0 459,912
Loan outstanding   2,152,334
Convertible notes 8,491,627 0
Deferred revenue, current portion 195,063 268,083
Total current liabilities 9,844,499 4,095,164
Deferred revenue, net of current portion 280,063 303,917
Demand loans, net of current portion 0 1,105,974
Total liabilities 10,124,562 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 5,790,920 and 112,440 Exchangeable Shares (March 31, 2021- 5,589,375 and 112,440 Exchangeable Shares) 5,903 5,702
Additional paid-in capital 89,016,953 88,227,506
Accumulated deficit (86,713,228) (84,994,327)
Accumulated other comprehensive income 27,904 42,149
Total stockholders' equity 2,337,532 3,281,030
Total liabilities and stockholders' equity $ 12,462,094 $ 8,786,085