Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES:    
Total revenues $ 659,104 $ 650,187
OPERATING COSTS AND EXPENSES    
Professional fees 2,637,664 2,729,025
Payroll and related expenses 3,454,941 2,302,599
General and administrative 2,456,418 1,548,551
Total operating expenses 8,549,023 6,580,175
OPERATING LOSS (7,889,919) (5,929,988)
OTHER EXPENSE    
Loss on debt extinguishment 0 447,011
(Gain) on share for warrant exchanges 0 (51,190)
Interest and other expenses 1,580 54,232
Total other expense 1,580 450,053
NET LOSS BEFORE NONCONTROLLING INTERESTS (7,891,499) (6,380,041)
LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS (4,790) (6,093)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (7,886,709) $ (6,373,948)
Basic and diluted net loss per share attributable to common stockholders $ (0.65) $ (1.87)
Weighted average number of common shares outstanding - basic and diluted 12,090,884 3,414,840
Govt Contract And Grant Revenue [Member]    
REVENUES:    
Total revenues $ 659,104 $ 650,187