v3.22.2.2
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Jun. 30, 2022
Mar. 31, 2022
Current assets    
Cash $ 2,945,924 $ 1,531,062
Accounts receivable, net 8,422,415 7,927,065
Inventory 10,678,339 8,583,664
Prepaid expenses 4,362,972 2,928,085
Operating lease right-of-use asset - current portion 187,545 187,545
Total current assets 26,597,195 21,157,421
Fixed assets - net 1,868,362 1,200,797
Operating lease right-of-use asset 95,473 142,359
Total assets 28,561,030 22,500,577
Current liabilities    
Accounts payable 11,934,494 10,441,879
Accrued expenses 5,946,778 2,036,739
Revolving financing 6,539,787 7,043,870
Convertible note payable, net of debt discount 3,208,445 2,223,633
PPP loan payable - current portion 0 0
Operating lease liability - current portion 199,430 174,565
Total current liabilities 27,828,934 21,920,686
Operating lease liability 106,727 178,753
Total liabilities 27,935,661 22,099,439
Commitments and contingencies  
Stockholders' equity (deficit)    
Preferred stock, $0.001 par value, 100,000,000 shares authorized, 2,227,030 Series S issued and outstanding on June 30, 2022 and 4,453,970 issued and outstanding on March 31, 2022 2,227 4,454
Common stock, Class A - $0.001 par value, 200,000,000 shares authorized 122,121,037 and 110,571,812 shares issued and outstanding at June 30, 2022 and March 31, 2022, respectively 122,121 110,572
Subscription Receivable 0 (62,388)
Additional paid in capital 117,510,009 109,864,080
Accumulated deficit (117,008,988) (109,515,580)
Total stockholders' equity (deficit) 625,369 401,138
Total liabilities and stockholders' equity (deficit) $ 28,561,030 $ 22,500,577

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