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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Cash flows used in operating activities:        
Net loss $ (3,034,456) $ (3,807,430) $ (6,316,635) $ (6,715,166)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization     181,752 83,224
Stock based compensation 257,181 313,538 507,295 528,975
Loss on dissolution of subsidiary 0 142,121 0 142,121
Accretion of right-of-use lease asset     1,924 9,633
Changes in operating assets and liabilities:        
Prepaid expenses and other current assets     241,411 173,856
Accounts receivable     0 13,116
Accounts payable and other current liabilities     162,160 (94,540)
Deferred revenue     0 229,698
Due to related parties     35,560 21,785
Net cash used in operating activities     (5,186,533) (5,607,298)
Cash flows used in investing activities:        
Purchases of property and equipment     (237,153) (780,334)
Net cash used in investing activities     (237,153) (780,334)
Cash flows provided by financing activities:        
Proceeds from the issuance of common stock, net     1,086,119 8,927,211
Tax withholding payments or tax equivalent payments for net share settlement of restricted stock units and net stock option expense     (18,215) (7,973)
Net cash provided by financing activities     1,067,904 8,919,238
Effect of exchange rate on changes on cash     (1,241) 0
Net change in cash and restricted cash     (4,357,023) 2,531,606
Cash and restricted cash at beginning of period     14,620,449 17,159,925
Cash and restricted cash 10,263,426 19,691,531 10,263,426 19,691,531
Supplemental disclosures of non-cash investing and financing activities:        
Par value of shares issued for vested restricted stock units and net stock option exercise     16 46
Initial recognition of right-of-use lease asset and lease liability     0 625,471
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets:        
Cash and cash equivalents 10,175,920 19,604,025 10,175,920 19,604,025
Restricted cash $ 87,506 $ 87,506 $ 87,506 $ 87,506