• Filing Date: 2019-06-14
  • Form Type: 10-K
  • Description: Annual report
v3.19.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Mar. 31, 2018
Current assets:    
Cash $ 3,740,664 $ 822,335
Fixed rate cash account 0 4,911,551
Prepaid expenses and other receivables 736,460 187,139
Accrued interest receivable 0 77,508
Inventory 38,036 0
Total current assets 4,515,160 5,998,533
Other assets:    
Property and equipment, net of accumulated depreciation 56,871 5,770
Intangible assets, net of accumulated amortization 191,684 251,099
Total Other Assets 248,555 256,869
Total assets 4,763,715 6,255,402
Current liabilities    
Accounts Payable 161,348 49,912
Liabilities due to related party 964,679 613,818
Other Liabilities and accrued expenses 107,759 77,414
Deferred revenue 65,175 70,165
Total current liabilities 1,298,961 811,309
Non-current portion of deferred revenue 1,237,850 1,333,128
Total liabilities 2,536,811 2,144,437
Stockholders' equity:    
Series A convertible preferred stock, $0.001 par value, 200,000 shares authorized; 0 and 137,324 outstanding at March 31, 2019 and March 31, 2018, respectively. 0 137
Common stock, $0.001 par value, 420,000,000 shares authorized and 207,655,916 shares issued and outstanding at March 31, 2019 (420,000,000 shares authorized and 67,676,000 shares issued and outstanding at March 31, 2018) 207,656 67,676
Additional paid in capital 15,785,015 13,056,859
Accumulated deficit (13,425,879) (8,973,082)
Accumulated other comprehensive loss (339,888) (40,625)
Total stockholders' equity 2,226,904 4,110,965
Total liabilities and stockholders' equity $ 4,763,715 $ 6,255,402