2023 Q3 Form 10-Q Financial Statement

#000118518523000796 Filed on August 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2023 Q1
Revenue $291.0K $555.0K $166.0K
YoY Change 44.06% 161.79% 36.07%
Cost Of Revenue $117.0K $300.0K $103.0K
YoY Change 74.63% 328.57% 90.74%
Gross Profit $174.0K $255.0K $63.00K
YoY Change 28.89% 79.58% -7.35%
Gross Profit Margin 59.79% 45.95% 37.95%
Selling, General & Admin $1.397M $1.647M $3.233M
YoY Change -24.69% 6.26% -39.41%
% of Gross Profit 802.87% 645.88% 5131.75%
Research & Development $1.268M $747.0K $493.0K
YoY Change 65.1% -46.41% -60.02%
% of Gross Profit 728.74% 292.94% 782.54%
Depreciation & Amortization $140.0K $155.0K $153.0K
YoY Change -10.26% -4.32% -7.27%
% of Gross Profit 80.46% 60.78% 242.86%
Operating Expenses $2.665M $2.394M $3.726M
YoY Change 1.6% -18.68% -43.28%
Operating Profit -$2.491M -$2.139M -$3.663M
YoY Change 0.12% -23.66% -43.65%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $40.00K $64.00K $9.000K
YoY Change -13.04% 276.47% -10.0%
Pretax Income -$2.451M -$2.075M -$4.030M
YoY Change 0.37% -25.49% -38.03%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.451M -$2.075M -$4.030M
YoY Change 0.37% -25.49% -38.03%
Net Earnings / Revenue -842.27% -373.87% -2427.71%
Basic Earnings Per Share -$0.05
Diluted Earnings Per Share -$0.05 -$0.04 -$0.08
COMMON SHARES
Basic Shares Outstanding 53.92M shares 53.08M shares 53.08M shares
Diluted Shares Outstanding 54.30M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.120M $1.950M $3.350M
YoY Change -54.23% -75.79% -67.97%
Cash & Equivalents $3.026M $1.723M $3.196M
Short-Term Investments $100.0K $227.0K $154.0K
Other Short-Term Assets $143.0K $193.0K $334.0K
YoY Change 0.0% -23.11% -0.6%
Inventory $2.636M $2.641M $2.651M
Prepaid Expenses
Receivables $137.0K $225.0K $107.0K
Other Receivables $10.00K $0.00 $24.00K
Total Short-Term Assets $6.117M $5.078M $6.466M
YoY Change -45.38% -60.1% -57.21%
LONG-TERM ASSETS
Property, Plant & Equipment $7.947M $8.104M $8.539M
YoY Change -6.17% -11.54% -9.34%
Goodwill
YoY Change
Intangibles $1.181M $1.179M $1.170M
YoY Change 24.05% 25.83% 27.59%
Long-Term Investments
YoY Change
Other Assets $998.0K $1.017M $1.003M
YoY Change 5.05% 10.3% 7.04%
Total Long-Term Assets $10.39M $10.60M $10.71M
YoY Change -3.44% -7.38% -8.62%
TOTAL ASSETS
Total Short-Term Assets $6.117M $5.078M $6.466M
Total Long-Term Assets $10.39M $10.60M $10.71M
Total Assets $16.51M $15.67M $17.18M
YoY Change -24.83% -35.14% -35.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $549.0K $672.0K $530.0K
YoY Change 20.39% 47.37% -45.97%
Accrued Expenses $1.557M $1.459M $752.0K
YoY Change 68.14% 21.58% -48.39%
Deferred Revenue
YoY Change
Short-Term Debt $3.000K $3.000K $0.00
YoY Change 0.0% 0.0% -100.0%
Long-Term Debt Due $0.00 $3.000K $3.000K
YoY Change -100.0% 0.0% 0.0%
Total Short-Term Liabilities $2.106M $2.131M $1.898M
YoY Change 52.39% 28.45% -22.24%
LONG-TERM LIABILITIES
Long-Term Debt $139.0K $140.0K $141.0K
YoY Change -2.11% -2.1% -2.08%
Other Long-Term Liabilities $17.00K $21.00K $228.0K
YoY Change 13.33% 31.25% 1325.0%
Total Long-Term Liabilities $302.0K $340.0K $369.0K
YoY Change -30.09% -27.19% -26.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.106M $2.131M $1.898M
Total Long-Term Liabilities $302.0K $340.0K $369.0K
Total Liabilities $2.408M $2.471M $2.267M
YoY Change 32.75% 16.23% -22.94%
SHAREHOLDERS EQUITY
Retained Earnings -$105.2M -$102.7M -$100.7M
YoY Change 11.45% 11.74% 12.91%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.10M $13.20M $14.91M
YoY Change
Total Liabilities & Shareholders Equity $16.51M $15.67M $17.18M
YoY Change -24.83% -35.14% -35.98%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$2.451M -$2.075M -$4.030M
YoY Change 0.37% -25.49% -38.03%
Depreciation, Depletion And Amortization $140.0K $155.0K $153.0K
YoY Change -10.26% -4.32% -7.27%
Cash From Operating Activities -$1.620M -$1.468M -$1.517M
YoY Change -3.91% -33.15% 71.03%
INVESTING ACTIVITIES
Capital Expenditures $50.00K $20.00K $475.0K
YoY Change -48.98% -84.25% -185.9%
Acquisitions
YoY Change
Other Investing Activities $130.0K $43.00K $233.0K
YoY Change 54.76%
Cash From Investing Activities $80.00K -$5.000K -$242.0K
YoY Change -56.04% -96.84% -56.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.860M -$1.000K -1.000K
YoY Change 2703.92% 0.0% 0.0%
NET CHANGE
Cash From Operating Activities -1.620M -$1.468M -1.517M
Cash From Investing Activities 80.00K -$5.000K -242.0K
Cash From Financing Activities 2.860M -$1.000K -1.000K
Net Change In Cash 1.320M -$1.473M -1.760M
YoY Change -194.15% -38.8% 22.14%
FREE CASH FLOW
Cash From Operating Activities -$1.620M -$1.468M -$1.517M
Capital Expenditures $50.00K $20.00K $475.0K
Free Cash Flow -$1.670M -$1.488M -$1.992M
YoY Change -6.39% -35.94% 496.41%

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b>NOTE 1 </b>–<b> BUSINESS DESCRIPTION</b></p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b>Overview</b></p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">IGC Pharma, Inc., is a clinical-stage pharmaceutical company with a diversified revenue model that develops prescription drugs and over-the-counter (OTC) products. We are a Maryland corporation established in 2005 with a fiscal year that is a 52- or 53-week period that ends on March 31.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">Our focus is on developing innovative therapies for neurological disorders such as Alzheimer’s disease, epilepsy, Tourette syndrome, and sleep disorders. We also focus on formulations for eating disorders, chronic pain, premenstrual syndrome (PMS), and dysmenorrhea, in addition to health and wellness OTC formulations. The Company is developing its proprietary lead candidate, IGC-AD1, an investigational oral therapy for the treatment of agitation associated with Alzheimer’s disease. IGC-AD1 is currently in Phase 2 (Phase 2B) clinical trials after completing nearly a decade of research and realizing positive results from pre-clinical and a Phase 1 trial. This previous research into IGC-AD1 has demonstrated efficacy in reducing plaques and tangles, which are two important hallmarks of Alzheimer’s, as well as reducing neuropsychiatric symptoms associated with dementia in Alzheimer’s disease, such as agitation.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><i>IGC has two segments: Life Sciences and Infrastructure.</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Life Sciences Segment</b></p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;"><i><span style="text-decoration:underline">Pharmaceutical</span></i>: Since 2014, the Company has focused primarily on the potential uses of phytocannabinoids, in combination with other compounds, to treat multiple diseases, such as Alzheimer’s disease. As a company engaged in the clinical-stage pharmaceutical industry, we focus our research and development efforts, subject to results of future clinical trials, on seeking pharmaceutical solutions that may a) alleviate neuropsychiatric symptoms such as agitation, anxiety, and depression associated with dementia in Alzheimer’s disease; and b) halt the onset, progression, or cure Alzheimer’s disease.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;"><span style="text-decoration:underline">The Company currently has two main investigational small molecules in various stages of development:</span></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">1) <b>IGC-AD1</b>, our proprietary lead therapeutic candidate, is a Tetrahydrocannabinol (THC) based formulation that has demonstrated in Alzheimer’s cell lines the potential to reduce the buildup of Aβ plaques and the potential to decrease or inhibit the phosphorylation of tau, a protein that is responsible for the formation of neurofibrillary tangles (NFTs), both important hallmarks of Alzheimer’s. In addition, Phase 1 human trial results demonstrated IGC-AD1’s potential to reduce agitation in dementia due to Alzheimer’s. IGC-AD1 is currently in Phase 2B trials for treating agitation in dementia from Alzheimer’s, a condition that affects over 10 million individuals in North America and Europe, and</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">2) <b>TGR-63</b>, non-cannabinoid small molecule that has shown promise in pre-clinical trials for reducing amyloid burden in an Alzheimer’s disease model. In Alzheimer’s, the accumulation of beta-amyloid protein in the brain leads to the formation of Aβ plaques, which are associated with neurotoxicity and cell dysfunction, ultimately leading to cell death and cognitive decline. The potential efficacy of TGR-63 lies in its ability to inhibit the aggregation of beta-amyloid. If shown to be safe and efficacious in human trials in reducing the formation of Aβ plaques, this molecule could halt the neurotoxic process caused by beta-amyloid, thereby preventing or treating Alzheimer’s.</p><p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"> </p><p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;"><i><span style="text-decoration:underline">Over-the-Counter Products</span></i>: We have created a women’s wellness brand, Holief™ available through online channels that are compliant with relevant federal, state, and local laws, and regulations. Holief™ is an all-natural, non-GMO, vegan, line of over the counter (OTC) products aimed at treating menstrual cramps (dysmenorrhea) and premenstrual syndrome (PMS). The products are available online and through Amazon and other online channels. In addition, we sell our product formulations to other companies that market them under their brand. This is the white label part of the OTC business.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b>Phase 2 Clinical Trial </b></p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">Typically, a Phase 2 trial is divided into a Phase 2A and a Phase 2B trial with the former designed to assess dosing requirements and the latter to establish efficacy. In this document, we refer to the trial as Phase 2 and Phase 2B interchangeably. The Company has initiated a Phase 2B protocol titled “A Phase 2, Multi-Center, Double-Blind, Randomized, Placebo-controlled, trial of the safety and efficacy of IGC-AD1 on agitation in participants with dementia due to Alzheimer’s disease”. The protocol is powered at 146 Alzheimer’s patients, with half receiving placebo, and is a superiority, parallel group study.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">The primary end point is agitation in dementia due to Alzheimer’s disease as rated by the Cohen-Mansfield Agitation Inventory (CMAI) over a six-week period. The Phase 2 trial will also look at eleven exploratory objectives, including changes in anxiety, changes in cognitive processes such as attention, orientation, language, and visual spatial skills as well as memory, changes in depression, delusions, hallucinations, euphoria/elation, apathy, disinhibition, irritability, aberrant motor behavior, sleep disorder, appetite, quality of life, and caregiver burden. In addition, the trial will evaluate the impact of CYP450 polymorphisms and specifically CYP2C9 on each of the NPS and assess any reductions in psychotropic drugs, among others. CYP2C9 ranks amongst the most important drug metabolizing enzymes in humans, as it breaks down over 100 drugs, including nonsteroidal anti-inflammatory all drugs. We seek to understand how various versions of the enzyme act on IGC-AD1. Each participant will receive two doses of IGC-AD1 (b.i.d.) or two doses of placebo per day for six weeks.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Business Organization</b></p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">As of June 30, 2023, the Company had the following operating subsidiaries: Techni Bharathi Private Limited (TBL), IGCare LLC, Holi Hemp LLC, IGC Pharma LLC, SAN Holdings LLC, Sunday Seltzer, LLC, Hamsa Biopharma India Pvt. Ltd. And Colombia-based beneficially-owned subsidiary IGC Pharma SAS (formerly Hamsa Biopharma Colombia SAS) (Hamsa). The Company’s fiscal year is the 52- or 53-week period that ends on March 31. The Company’s principal office is in Maryland established in 2005. Additionally, the Company has offices in Washington state, Colombia, and India. The Company’s filings are available on www.sec.gov.</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b>Going Concern</b></p><p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">The Company assesses and determines its ability to continue as a going concern in accordance with the provisions of ASC Subtopic 205-40, “<i>Presentation of Financial Statements</i>—<i>Going Concern</i>”, which requires the Company to evaluate whether there are conditions or events that raise substantial doubt about its ability to continue as a going concern.</p><p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">The Company is currently in a clinical trial stage and, thus, has not yet achieved profitability. The Company expects to continue to incur significant operating and net losses and negative cash flows from operations in the near future.</p><p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">The Company estimates that its current cash and cash equivalents balance with working capital credit facility and equity investment is sufficient to support operations beyond the twelve months following the date these consolidated financial statements and footnotes were issued. These estimates are based on assumptions that may prove to be wrong, and the Company could use its available capital resources sooner than it currently expects.</p>
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192000 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.65
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
150000 shares
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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CY2023Q2 us-gaap Assets Fair Value Adjustment
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CY2023Q2 us-gaap Fair Value Asset Liability Recurring Basis Still Held Unrealized Gain Loss
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10000 usd
CY2023Q2 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
0 usd
CY2023Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1950000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
1723000 usd
CY2023Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
227000 usd
CY2023 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
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CY2023 us-gaap Fair Value Asset Liability Recurring Basis Still Held Unrealized Gain Loss
FairValueAssetLiabilityRecurringBasisStillHeldUnrealizedGainLoss
0 usd
CY2023 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
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CY2023Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
3350000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
3196000 usd
CY2023Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
154000 usd
CY2023Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 pure
CY2023Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 pure
CY2023Q2 us-gaap Revenues
Revenues
555000 usd
CY2023Q2 igc Total Revenue Percentage
TotalRevenuePercentage
1 pure
CY2023 us-gaap Revenues
Revenues
212000 usd
CY2023 igc Total Revenue Percentage
TotalRevenuePercentage
1 pure
CY2023Q2 us-gaap Revenues
Revenues
555000 usd
CY2023Q2 igc Total Revenue Percentage
TotalRevenuePercentage
1 pure
CY2022Q2 us-gaap Revenues
Revenues
212000 usd
CY2022Q2 igc Total Revenue Percentage
TotalRevenuePercentage
1 pure
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1179000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8104000 usd
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1017000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
295000 usd
CY2023Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
10595000 usd
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1170000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8213000 usd
CY2023Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1003000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
326000 usd
CY2023Q1 us-gaap Assets Noncurrent
AssetsNoncurrent
10712000 usd
CY2023Q2 dei Amendment Flag
AmendmentFlag
false
CY2023Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
CY2023Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2023Q2 dei Entity Central Index Key
EntityCentralIndexKey
0001326205

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0001185185-23-000796.txt Edgar Link pending
0001185185-23-000796-xbrl.zip Edgar Link pending
ex_556783.htm Edgar Link pending
ex_556784.htm Edgar Link pending
ex_556785.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
igc-20230630.xsd Edgar Link pending
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igcpharma20230630_10q.htm Edgar Link pending
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igc-20230630_pre.xml Edgar Link unprocessable
igcpharma20230630_10q_htm.xml Edgar Link completed
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igc-20230630_def.xml Edgar Link unprocessable
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