Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

v3.20.4
Notes Payable (Tables)
 9 Months Ended
Dec. 31, 2020
Notes Payable [Abstract]  
Schedule of notes payable
    December 31,
2020		     March 31,
2020		  
    (Unaudited)        
PPP loan     $ 205,200     $ -  
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     2,524,617       3,238,535  
Senior convertible notes, due November 13, 2021       936,075       -  
      3,665,892       3,488,535  
Less: unamortized debt discount       (822,961 )     (405,377 )
Total notes     $ 2,842,931     $ 3,083,158  
Schedule of carrying value of senior secured promissory notes
    December 31,
2020		     March 31,
2020		  
    (Unaudited)        
Principal value of convertible notes   $ 3,460,692     $ 3,238,535  
Original issue discount     (866,414 )     (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     4,396,849       2,141,004  
Net carrying value of Senior Secured Convertible Notes   $ 2,637,731     $ 2,833,158