• Filing Date: 2019-06-14
  • Form Type: 10-K
  • Description: Annual report
v3.19.2
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
Common Stock
Convertible preferred stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Total
Beginning Balance, Shares at Mar. 31, 2016 205,000,000          
Beginning Balance, Amount at Mar. 31, 2016 $ 205,000 $ 12,919,672 $ (5,601,367) $ 155,460 $ 7,678,765
Net loss (1,551,266) (1,551,266)
Other comprehensive income - foreign currency translation loss (760,999) (760,999)
Ending Balance, Shares at Mar. 31, 2017 205,000,000          
Ending Balance, Amount at Mar. 31, 2017 $ 205,000 12,919,672 (7,152,633) (605,539) 5,366,500
Cancellation of common stock and issue of convertible preferred stock, Shares (137,324,000)          
Cancellation of common stock and issue of convertible preferred stock, Amount $ (137,324) 137 137,187
Net loss (1,820,449) (1,820,449)
Other comprehensive income - foreign currency translation loss 564,914 564,914
Ending Balance, Shares at Mar. 31, 2018 67,676,000          
Ending Balance, Amount at Mar. 31, 2018 $ 67,676 137 13,056,859 (8,973,082) (40,625) 4,110,965
Conversion of preferred stock into common stock, Shares 137,324,000          
Conversion of preferred stock into common stock, Amount $ 137,324 (137) (137,187)
Issuance of stock - exercise of Invictus warrants, Shares 50,000          
Issuance of stock - exercise of Invictus warrants, Amount $ 50 450 500
Issuance of common shares under ATM financing net of offering costs, Shares 234,998          
Issuance of common shares under ATM financing net of offering costs, Amount $ 235 293,768 294,003
Issuance of common shares and warrants under public offering -net of offering costs,Shares 1,942,061          
Issuance of common shares and warrants under public offering -net of offering costs, Amount $ 1,942 1,689,499 1,691,441
Exercise of warrants under public offering, Shares 61,357          
Exercise of warrants under public offering, Amount $ 61 63,750 63,811
Underwriter purchase of option to purchase units 100 100
Restricted shares and warrants issued as stock-based compensation to investor relations and Management consultants, Shares 367,500          
Restricted shares and warrants issued as stock-based compensation to investor relations and Management consultants, Amount $ 368 514,957 515,325
Net loss (4,452,797) (4,452,797)
Other comprehensive income - foreign currency translation loss (299,263) (299,263)
Forgiveness of payable by a related party 302,819 302,819
Ending Balance, Shares at Mar. 31, 2019 207,655,916          
Ending Balance, Amount at Mar. 31, 2019 $ 207,656 $ 15,785,015 $ (13,425,879) $ (339,888) $ 2,226,904