v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Mar. 31, 2026
CURRENT ASSETS    
Cash and cash equivalents $ 3,710,413 $ 3,473,619
Accounts receivable:    
Trade and other receivables, less provision for credit losses of $767,000 as of June 30, 2026 and March 31, 2026 316,546 317,754
Inventories - finished goods, net of allowance of $510,000 as of June 30, 2026 and March 31, 2026 411,369 370,852
Prepaid expenses 405,915 342,590
TOTAL CURRENT ASSETS 4,844,243 4,504,815
Property and equipment, net 44,266  
TOTAL ASSETS 4,888,509 4,504,815
CURRENT LIABILITIES    
Convertible debenture, net of discount 709,240 600,908
Derivative component of convertible debenture 263,000 309,000
Accounts payable 357,978 261,648
Accrued liabilities:    
Accrued payroll and employee benefits 28,360 55,253
Accrued liabilities, legal and other 69,139 42,000
TOTAL CURRENT LIABILITIES 1,427,717 1,268,809
TOTAL LIABILITIES 1,427,717 1,268,809
SHAREHOLDERS' EQUITY    
Common stock, $.01 par value per share; authorized 20,000,000 shares; 3,028,463 and 2,842,887 shares issued and outstanding as of June 30, 2026 and March 31, 2026, respectively 30,285 28,429
Additional paid-in capital 16,636,402 15,751,386
Accumulated deficit (13,205,895) (12,543,809)
TOTAL SHAREHOLDERS' EQUITY 3,460,792 3,236,006
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,888,509 $ 4,504,815