v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Mar. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 5,501,261 $ 5,441,978
Deferred offering costs 0 277,827
Prepaid expenses and other current assets 448,539 505,983
TOTAL CURRENT ASSETS 5,949,800 6,225,788
Property and equipment, net 676,220 1,015,229
Operating lease right-of-use asset 601,846 883,054
Patents, net 550 1,100
Restricted cash 97,813 87,506
Deposits 33,305 33,305
TOTAL ASSETS 7,359,534 8,245,982
CURRENT LIABILITIES    
Accounts payable 534,524 777,862
Due to related parties 579,565 546,434
Operating lease liability, current portion 313,033 290,565
Other current liabilities 472,164 215,038
TOTAL CURRENT LIABILITIES 1,899,286 1,829,899
Operating lease liability, less current portion 336,718 649,751
TOTAL LIABILITIES 2,236,004 2,479,650
COMMITMENTS AND CONTINGENCIES (Note 8)
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 60,000,000 shares authorized at March 31, 2025 and 2024; 2,585,239 and 328,728 shares issued and 2,010,739 and 328,728 outstanding at March 31, 2025 and 2024, respectively 2,586 329
Additional paid-in capital 173,092,894 160,339,671
Accumulated other comprehensive loss (17,133) (6,940)
Accumulated deficit (167,954,817) (154,566,728)
TOTAL STOCKHOLDERS’ EQUITY 5,123,530 5,766,332
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 7,359,534 $ 8,245,982

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