Annual report pursuant to Section 13 and 15(d)

ACQUISITION OF TRACE ANALYTICS, INC. (Tables)

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ACQUISITION OF TRACE ANALYTICS, INC. (Tables)
12 Months Ended
Mar. 31, 2019
Acquisition Of Trace Analytics Inc.  
Schedule of provisional amounts of identified assets acquired and liabilities

    Amount  
Cash   $ 38,261  
Accounts receivable     127,997  
Prepaid expense     34,890  
Due from purchaser     200,000  
Office and lab equipment     486,679  
 Total assets acquired     887,827  
Accounts payable     (347,517 )
Note payable     (25,000 )
Accrued expenses     (5,479 )
 Total liabilities assumed     (377,996 )
Net identifiable assets acquired     509,831  
Less the fair value of non-controlling interest     (1,200,980 )
Goodwill     1,941,149  
Total purchase consideration   $ 1,250,000  

Schedule of combined results of operations

    For the Fiscal Years Ended  
    March 31,
2019
    March 31,
2018
 
    (unaudited)     (unaudited)  
             
Revenue   $ 1,332,470     $ 1,252,367  
Operating loss     (2,699,611 )     (2,149,768 )
Net loss     (2,757,326 )     (2,149,768 )
Net loss per share     (0.23 )     (0.14 )