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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows used in operating activities:    
Net loss $ (3,248,958) $ (5,378,414)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 162,503 171,887
Stock based compensation 144,884 252,821
Amortization of right-of-use operating lease asset 145,350 139,060
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 81,457 292,071
Accounts payable and other current liabilities (327,779) 95,370
Due to related parties (331,111) 465,110
Net cash used in operating activities (3,373,654) (3,962,095)
Cash flows provided by (used in) financing activities:    
Proceeds from the issuance of common stock, net 3,744,466 3,539,907
Proceeds from the issuance of common stock upon Class A and Class B warrant exercises 0 1,844,400
Tax withholding payments or tax equivalent payments for net share settlement of restricted stock units (8,701) (8,910)
Net cash provided by financing activities 3,735,765 5,375,397
Effect of exchange rate on changes on cash (9,244) 3,795
Net increase in cash, cash equivalents and restricted cash 352,867 1,417,097
Cash, cash equivalents and restricted cash at beginning of period 5,599,074 5,529,484
Cash, cash equivalents and restricted cash 5,951,941 6,946,581
Supplemental disclosures of non-cash investing and financing activities:    
Par value of shares issued for vested restricted stock units 2 1
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets:    
Cash and cash equivalents 5,853,493 6,859,075
Restricted cash $ 98,448 $ 87,506

Source

10-Q PDF
XBRL