Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Mar. 31, 2022
Current assets:    
Cash $ 7,340,840 $ 17,749,233
Prepaid expenses and other receivables 1,217,237 750,167
Accounts receivable - related party 25,320 101,297
Inventory 2,352,407 1,487,771
Total current assets 10,935,804 20,088,468
Property and equipment, net of accumulated depreciation 581,903 532,508
Intangible assets, net of accumulated amortization 1,443,991 1,480,980
Total other assets 2,025,894 2,013,488
Total assets 12,961,698 22,101,956
Current liabilities:    
Accounts payable 171,207 136,310
Other liabilities and accrued expenses 390,858 558,426
Foreign currency contract 1,075,692 440,196
Notes payable, current portion 11,512,711 19,188,724
Deferred revenue 69,681 259,256
Total current liabilities 13,220,149 20,582,912
Notes payable, net of current portion 8,557,548 0
Deferred revenue, net of current portion 1,042,710 1,052,960
Total liabilities 22,820,407 21,635,872
Stockholders’ (deficit) equity:    
Common stock, $0.001 par value, 42,000,000 shares authorized and 24,103,196 and 24,102,866 shares issued and outstanding at December 31, 2022 and March 31, 2022 24,103 24,103
Additional paid-in capital 38,296,198 38,295,775
Accumulated deficit (47,192,364) (37,731,476)
Accumulated other comprehensive loss (986,646) (122,318)
Total stockholders’ (deficit) equity (9,858,709) 466,084
Total liabilities and stockholders’ (deficit) equity $ 12,961,698 $ 22,101,956