Annual report pursuant to Section 13 and 15(d)

8. INCOME TAXES (Details - Deferred tax assets)

v3.21.2
8. INCOME TAXES (Details - Deferred tax assets) - USD ($)
Mar. 31, 2021
Mar. 31, 2020
Deferred tax assets:    
Capitalized research and development $ 3,442,000 $ 3,442,000
Net operating loss carryforwards 19,921,000 18,384,000
Stock compensation 1,399,000 1,181,000
Total deferred tax assets 24,762,000 23,007,000
Total deferred tax liabilities 0 0
Net deferred tax assets 24,762,000 23,007,000
Valuation allowance for deferred tax assets (24,762,000) (23,007,000)
Net deferred tax assets $ 0 $ 0