Annual report pursuant to Section 13 and 15(d)

8. INCOME TAXES (Details - Deferred tax assets)

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8. INCOME TAXES (Details - Deferred tax assets) - USD ($)
Mar. 31, 2017
Mar. 31, 2016
Deferred tax assets:    
Capitalized research and development $ 3,442,000 $ 3,442,000
Net operating loss carryforwards 22,060,000 20,126,000
Stock compensation 318,000 0
Total deferred tax assets 25,820,000 23,568,000
Total deferred tax liabilities 0 0
Net deferred tax assets 25,820,000 23,568,000
Valuation allowance for deferred tax assets (25,820,000) (23,568,000)
Net deferred tax assets $ 0 $ 0