Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

v3.20.2
Notes Payable (Tables)
 3 Months Ended
Jun. 30, 2020
Notes Payable [Abstract]  
Schedule of notes payable

    June 30,
2020		     March 31,
2020		  
    (Unaudited)        
PPP loan   $ 205,200     $                -  
Notes payable, due January 1, 2018     50,000       50,000  
Senior secured promissory note, due April 20, 2020     -       200,000  
Senior secured convertible notes, due April 23, 2020 - June 3, 2021     3,399,359       3,238,535  
Repayment of secured promissory note     3,654,559       3,488,535  
Less: unamortized debt discount     (1,439,156 )     (405,377 )
Total notes   $ 2,215,403     $ 3,083,158  
Schedule of carrying value of senior secured promissory notes
    June 30,
2020		     March 31,
2020		  
    (Unaudited)        
Principal value of convertible notes   $ 3,399,359     $ 3,238,535  
Original issue discount     (278,462 )     (247,535 )
Discount resulting from allocation of proceeds to warrant liability     (1,823,209 )     (1,119,866 )
Discount resulting from beneficial conversion feature     (1,150,387 )     (531,730 )
Discount resulting from issuance of common stock     (1,379,800 )     (647,250 )
Amortization of discount     3,192,702       2,141,004  
Net carrying value of Senior Secured Convertible Notes   $ 1,960,203     $ 2,833,158