Annual report pursuant to Section 13 and 15(d)

Notes Payable (Tables)

v3.21.2
Notes Payable (Tables)
 12 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
    March 31,
2021		     March 31,
2020		  
PPP loan   $ 438,500     $ -  
Notes payable, due January 1, 2018     -       50,000  
Senior secured promissory note, due April 20, 2020     -       200,000  
Senior secured convertible notes, due December 11, 2020 - June 3, 2021     -       3,238,535  
      438,500       3,488,535  
Less: unamortized debt discount     -       (405,377 )
Total notes   $ 438,500     $ 3,083,158  
Schedule of Assets and Associated Liabilities Accounted for as Secured Borrowings [Table Text Block]
    March 31,
2020		  
Principal value of convertible notes   $ 3,238,535  
Original issue discount     (247,535 )
Discount resulting from allocation of proceeds to warrant liability     (1,119,866 )
Discount resulting from beneficial conversion feature     (531,730 )
Discount resulting from issuance of common stock     (647,250 )
Amortization of discount     2,141,004  
Net carrying value of Senior Secured Convertible Notes   $ 2,833,158