Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
|
Sep. 30, 2019 |
Mar. 31, 2019 |
| Current Assets |
|
|
| Cash |
$ 4,151,805
|
$ 3,374,234
|
| Accounts receivable (including $0 as of September 30, 2019 and $133,742 as of March 31, 2019 due from related party) |
634,755
|
136,387
|
| Inventory |
264,084
|
108,498
|
| Other current assets |
14,591
|
|
| Total Current Assets |
5,065,235
|
3,619,119
|
| Property and equipment, net |
1,353,003
|
650,353
|
| Intellectual property |
1,482,304
|
|
| Right-of-use assets |
4,001,449
|
|
| Security deposits |
70,780
|
70,800
|
| TOTAL ASSETS |
11,972,771
|
4,340,272
|
| Current Liabilities |
|
|
| Accounts payable |
125,603
|
351,726
|
| Accrued compensation |
455,887
|
632,689
|
| Customer deposits |
99,692
|
511,081
|
| Accrued liabilities |
2,745,134
|
167,554
|
| Due to related parties |
61,672
|
519,364
|
| Income taxes payable |
1,128,985
|
503,000
|
| Notes payable |
87,179
|
224,159
|
| Convertible note payable, past due |
100,000
|
100,000
|
| Accrued interest on notes payable |
37,131
|
37,131
|
| Contract liabilities |
1,323,696
|
1,068,150
|
| Deferred rent |
|
263,955
|
| Operating lease liabilities |
246,473
|
|
| Accrued warranties |
20,000
|
20,000
|
| Total Current Liabilities |
6,431,452
|
4,398,809
|
| Operating lease liabilities - non-current |
3,755,622
|
|
| Total Liabilities |
10,187,074
|
4,398,809
|
| Commitments and Contingencies (Note 11) |
|
|
| Stockholders' Equity (Deficit) |
|
|
| Preferred stock; $0.001 par value; 1,000,000 shares authorized; 667 Series B shares issued and outstanding as of September 30, 2019 and March 31, 2019 |
1
|
1
|
| Common stock; $0.001 par value; 100,000,000 shares authorized; 24,536,963 issued and outstanding as of September 30, 2019 and March 31, 2019 |
24,537
|
24,537
|
| Additional paid-in capital |
36,406,842
|
36,406,842
|
| Accumulated deficit |
(34,645,683)
|
(36,489,917)
|
| Total Stockholders' Equity (Deficit) |
1,785,697
|
(58,537)
|
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) |
$ 11,972,771
|
$ 4,340,272
|