Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

v3.20.1
Notes Payable (Tables)
9 Months Ended
Dec. 31, 2019
Notes Payable [Abstract]  
Schedule of notes payable

    December 31,
2019
    March 31,
2019
 
    (Unaudited)        
Short term note payable, due January 2020   $ 18,500     $ -  
Notes payable, due January 1, 2018     50,000       50,000  
Senior secured promissory note, due April 20, 2020     200,000       200,000  
Senior secured convertible notes, due April 1, 2019 - July 23, 2020     2,877,710       2,238,535  
      3,146,210       2,488,535  
Less: unamortized debt discount     (154,182 )     (562,418 )
Total notes   $ 2,992,028     $ 1,926,117  
Schedule of carrying value of senior secured promissory notes

    December 31,
2019
    March 31,
2019
 
    (Unaudited)        
Principal value of convertible notes   $ 2,877,710     $ 2,238,535  
Original issue discount     (236,710 )     (217,535 )
Discount resulting from allocation of proceeds to warrant liability     (1,002,026 )     (801,693 )
Discount resulting from beneficial conversion feature     (299,570 )     (271,652 )
Discount resulting from issuance of common stock     (561,000 )     (240,000 )
Amortization of discount     1,945,124       968,462  
Net carrying value of Senior Secured Convertible Notes   $ 2,723,528     $ 1,676,117