Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2019
Mar. 31, 2019
Current assets    
Cash $ 10,013,737 $ 11,032,451
Accounts receivable 4,118,117 3,068,181
Inventory 1,045,313 2,058,012
Prepaid expenses 168,927 378,699
Operating lease right-of-use asset 78,306  
Total current assets 15,424,400 16,537,343
Fixed assets - net 1,746,995 1,945,265
Operating lease right-of-use asset 26,102  
Total assets 17,197,497 18,482,608
Current liabilities    
Accounts payable 3,746,000 2,898,958
Accrued expenses 1,033,200 1,095,458
Revolving financing 3,714,101 3,131,279
Operating lease liability - current portion 88,168  
Total current liabilities 8,581,469 7,125,695
Operating lease liability 31,077  
Total liabilities 8,612,546 7,125,695
Stockholders' equity    
Preferred stock, $0.001 par value, 100,000,000 shares authorized, Series C issued 1,500,000 and Series D issued 3,800,000 at June 30, 2019 and March 31, 2019 5,300 5,300
Common stock, Class A - $0.001 par value, 200,000,000 shares authorized 41,347,512 and 39,573,512 shares issued and outstanding at June 30, 2019 and March 31, 2019, respectively 41,347 39,573
Additional paid in capital 52,289,371 50,006,919
Accumulated deficit (43,751,067) (38,694,879)
Total stockholders' equity 8,584,951 11,356,913
Total liabilities and stockholders' equity $ 17,197,497 $ 18,482,608