Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.21.2
Balance Sheets - USD ($)
Mar. 31, 2021
Mar. 31, 2020
Current assets:    
Cash $ 15,296,924 $ 48,307
Prepaid & other current assets 345,644 12,693
Total current assets 15,642,568 61,000
Property and equipment, net 209,133 92,629
Intangible assets, net 1,649,522 235,007
Other assets 20,373
TOTAL ASSETS 17,521,596 388,636
Current liabilities:    
Accounts payable 285,149 1,262,389
Accrued expenses 210,898 765,201
Accrued interest 454,926
Notes payable, net of debt discount of $0 and $405,377, respectively 438,500 3,083,158
Warrant liability 1,733,718
Related party payable 49,741
Total current liabilities 934,547 7,349,133
Total liabilities 934,547 7,349,133
Commitments and Contingencies (Note 13)
STOCKHOLDERS’ EQUITY (DEFICIT):    
Preferred stock, par value $0.0001; 50,000,000 shares authorized, no shares outstanding
Series A preferred stock, par value $0.0001; 300 shares authorized, 251 shares outstanding as of March 31, 2021 and no shares outstanding as of March 31, 2020
Series B preferred stock, par value $0.0001; 1,500 shares authorized, 1,443 shares outstanding as of March 31, 2021 and no shares outstanding as of March 31, 2020
Series C preferred stock, par value $0.0001; 600,000 shares authorized, 500,756 shares outstanding as of March 31, 2021 and no shares outstanding as of March 31, 2020 50
Common stock, par value $0.0001; 200,000,000 shares authorized; 14,856,480 and 5,774,778 shares outstanding as of March 31, 2021 and 2020, respectively 1,486 577
Additional paid-in capital 73,788,997 9,487,285
Accumulated deficit (57,203,484) (16,448,359)
Total stockholders’ equity (deficit) 16,587,049 (6,960,497)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 17,521,596 $ 388,636