Condensed Consolidated Balance Sheets - USD ($)
|
Mar. 31, 2020 |
Mar. 31, 2019 |
| CURRENT ASSETS |
|
|
| Cash and cash equivalents |
$ 3,122,134
|
$ 6,553,768
|
| Prepaid expenses and other |
64,159
|
15,590
|
| TOTAL CURRENT ASSETS |
3,186,293
|
6,569,358
|
| Intangible assets, net |
0
|
180
|
| Property and equipment, net |
301,308
|
75,948
|
| Security deposit |
100,000
|
7,500
|
| Right of use asset, net |
270,950
|
0
|
| TOTAL NON-CURRENT ASSETS |
672,258
|
83,628
|
| TOTAL ASSETS |
3,858,551
|
6,652,986
|
| CURRENT LIABILITIES |
|
|
| Accounts payable |
367,019
|
138,314
|
| Accrued expenses |
202,160
|
40,615
|
| Short-term lease liability |
92,214
|
0
|
| TOTAL CURRENT LIABILITIES |
661,393
|
178,929
|
| Commitments and Contingencies |
|
|
| Long-term lease liability |
178,736
|
0
|
| Other liability |
140,000
|
0
|
| TOTAL LIABILITIES |
980,129
|
178,729
|
| STOCKHOLDERS' EQUITY |
|
|
| Preferred Stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding |
0
|
0
|
| Common Stock, $0.001 par value, 50,000,000 shares authorized, 17,870,261 shares and 17,840,261 shares issued and outstanding as of March 31, 2020 and 2019, respectively |
17,870
|
17,840
|
| Additional paid-in capital |
10,505,592
|
9,684,578
|
| Common stock issuable |
923,994
|
19,800
|
| Accumulated deficit |
(8,569,034)
|
(3,248,161)
|
| TOTAL STOCKHOLDERS' EQUITY |
2,878,422
|
6,474,057
|
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
$ 3,858,551
|
$ 6,652,986
|