Annual report pursuant to Section 13 and 15(d)

Notes Payable (Tables)

v3.20.2
Notes Payable (Tables)
 12 Months Ended
Mar. 31, 2020
Notes Payable [Abstract]  
Schedule of notes payable
    March 31,
2020		     March 31,
2019		  
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 23, 2020 - March 31, 2021     3,238,535       2,238,535  
      3,488,535       2,488,535  
Less: unamortized debt discount     (405,377 )     (562,418 )
Total notes   $ 3,083,158     $ 1,926,117  
Schedule of carrying value of senior secured promissory notes
    March 31,
2020		     March 31,
2019		  
Principal value of convertible notes   $ 3,238,535     $ 2,238,535  
Original issue discount     (247,535 )     (217,535 )
Discount resulting from allocation of proceeds to warrant liability     (1,119,866 )     (801,693 )
Discount resulting from beneficial conversion feature     (531,730 )     (271,652 )
Discount resulting from issuance of common stock     (647,250 )     (240,000 )
Amortization of discount     2,141,004       968,462  
Net carrying value of Senior Secured Convertible Notes   $ 2,833,158     $ 1,676,117