Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.21.2
Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of significant unobservable inputs used in measuring warrants
    Year Ended March 31,
2021
    Year Ended March 31,
2020
 
Dividend yield     0 %     0 %
Expected price volatility     50 %     50 %
Risk free interest rate     0.11-0.41 %     1.61-2.18 %
Expected term     4-5 years       4 years  
Schedule of convertible notes share settlement feature
    November 13,
2020
    January 28,
2021
 
Risk Free Interest Rate     0.12 %     0.08 %
Expected life (years)     1.00       -  
Expected dividend yield     0 %     0 %
Expected volatility     50.0 %     50.0 %
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]
    Fair value measured at March 31, 2020  
    Total carrying value at
March 31,
2020
    Quoted prices in
active markets
(Level 1)
    Significant other
observable inputs
(Level 2)
    Significant
unobservable inputs
(Level 3)
 
Liabilities:                        
Warrant liability   $ 1,733,718     $       -     $       -     $ 1,733,718  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
    Warrant     Share Settlement  
    Liability     Feature  
Balance at March 31, 2019   $ 1,398,616     $ -  
Issuance of warrants in connection with convertible notes     318,174       -  
Change in fair value     16,928       -  
Balance at March 31, 2020   $ 1,733,718     $ -  
Issuance of warrants in connection with convertible notes     942,449       225,186  
Issuance of warrants in connection with financing     515,426       -  
Issuance of placement agent warrants     74,755       -  
Change in fair value     2,360,543       12,706  
Reclassification of warrants to equity     (5,626,891 )     -  
Conversion of notes payable     -       (237,892 )
Balance at March 31, 2021   $ -     $ -