Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Mar. 31, 2020
Current assets    
Cash and cash equivalents $ 2,306,422 $ 153,121
Restricted cash 75,696
Accounts receivable, net 282,170 417,122
Accounts receivable - related party, net 55,292 290,180
Inventory, net 640,260 660,138
Prepaid expenses and other current assets 2,318,057 98,385
Total current assets 5,677,897 1,618,946
Right-of-use asset 535,194
Property and equipment, net 1,547,380 1,447,514
Equipment held for lease, net 45,411 64,005
Intangible assets, net 855,132 571,270
Other assets 18,279 18,279
Total Assets 8,679,293 3,720,014
Current liabilities    
Accounts payable 892,182 879,264
Accrued expenses and other current liabilities 1,315,899 1,243,764
Notes payable, current portion 1,106,518 1,913,255
Deferred revenue, current portion 69,571 105,416
Deferred revenue - related party 271,206 271,206
Due to related party 1,144,513 926,385
Lease liability 239,549
Warrant liabilities 16,201,400
Total current liabilities 21,240,838 5,339,290
Notes payable, net of current portion 218,832 305,805
Lease liability, net of current portion 368,785
Deferred revenue, net of current portion 3,594 2,689
Total liabilities 21,832,049 5,647,784
Stockholders' deficit    
Common stock, post-merger $0.001 par value; 225,000,000 shares authorized; 13,588,258 shares issued and outstanding as of June 30, 2020 and pre-merger $0.01 par value; 40,000,000 shares authorized; 5,602,214 shares issued and outstanding as of March 31, 2020 13,588 56,026
Additional paid-in capital 52,713,683 45,161,599
Accumulated deficit (65,880,031) (47,301,126)
Total stockholders' deficit (13,152,756) (1,927,770)
Total Liabilities and Stockholders' Deficit 8,679,293 3,720,014
Series A Preferred Stock [Member]    
Stockholders' deficit    
Preferred stock, value 24,129
Total stockholders' deficit 24,129
Series B Preferred Stock [Member]    
Stockholders' deficit    
Preferred stock, value 77,077
Total stockholders' deficit 77,077
Series C Preferred Stock [Member]    
Stockholders' deficit    
Preferred stock, value 33,007
Total stockholders' deficit 33,007
Series D Preferred Stock [Member]    
Stockholders' deficit    
Preferred stock, value 15,083
Total stockholders' deficit 15,083
Series D-1 Preferred Stock [Member]    
Stockholders' deficit    
Preferred stock, value 6,435
Total stockholders' deficit 6,435
Series Alpha Preferred Stock [Member]    
Stockholders' deficit    
Preferred stock, value 4
Total stockholders' deficit $ 4