Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.20.2
Condensed Balance Sheets - USD ($)
Sep. 30, 2020
Mar. 31, 2020
Current assets:    
Cash & cash equivalents $ 600,924 $ 48,307
Prepaid & other current assets 91,702 12,693
Total current assets 692,626 61,000
Property and equipment, net 106,600 92,629
Intangible assets, net 214,806 235,007
TOTAL ASSETS 1,014,032 388,636
Current liabilities:    
Accounts payable 976,021 1,262,389
Accrued expenses 242,737 765,201
Accrued interest 394,106 454,926
Notes payable, net of debt discount of $501,370 and $405,377, respectively 2,176,900 3,083,158
Warrant liability 3,765,699 1,733,718
Related party payable, net 49,741 49,741
Total current liabilities 7,605,204 7,349,133
Total liabilities 7,605,204 7,349,133
Commitments and Contingencies (Note 12)  
STOCKHOLDERS' DEFICIT:    
Preferred stock, par value $0.0001; 50,000,000 shares authorized, no shares outstanding
Common stock, par value $0.0001; 200,000,000 shares authorized; 28,639,863 shares outstanding as of September 30, 2020 and 17,324,333 shares outstanding as of March 31, 2020, respectively 2,864 1,733
Additional paid-in capital 26,082,835 9,486,129
Accumulated deficit (32,676,871) (16,448,359)
Total stockholders' deficit (6,591,172) (6,960,497)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 1,014,032 $ 388,636