Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Mar. 31, 2019
Current assets    
Cash $ 6,870,906 $ 11,032,451
Accounts receivable 4,256,078 3,068,181
Inventory 1,795,245 2,058,012
Prepaid expenses 1,938,226 378,699
Operating lease right-of-use asset - current portion 78,306  
Total current assets 14,938,761 16,537,343
Property and Equipment, net 1,682,516 1,945,265
Operating lease right-of-use asset 6,526  
Total assets 16,627,803 18,482,608
Current liabilities    
Accounts payable 4,443,601 2,898,958
Accrued expenses 935,308 1,095,458
Revolving financing 4,008,199 3,131,279
Operating lease liability - current portion 90,253  
Total current liabilities 9,477,361 7,125,695
Operating lease liability 7,843  
Total liabilities 9,485,204 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 September 30, 2019 and March 31, 2019 5,300 5,300
Common stock, Class A - $0.001 par value, 200,000,000 shares authorized 43,685,592 and 39,573,512 shares issued and outstanding at September 30, 2019 and March 31, 2019, respectively 43,685 39,573
Additional paid in capital 53,769,638 50,006,919
Accumulated deficit (46,676,024) (38,694,879)
Total stockholders' equity 7,142,599 11,356,913
Total liabilities and stockholders' equity $ 16,627,803 $ 18,482,608