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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Cash flows used in operating activities:        
Net loss $ (3,466,121) $ (2,849,753) $ (9,782,756) $ (9,562,851)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization     273,225 161,350
Stock based compensation 572,955 262,613 1,080,250 791,588
Loss on dissolution of subsidiary 0 0 0 142,121
Loss (gain) on disposal of property and equipment     3,271 0
Accretion of right-of-use lease asset     1,358 23,385
Changes in operating assets and liabilities:        
Prepaid expenses and other current assets     282,192 283,645
Accounts receivable     0 127,965
Accounts payable and other current liabilities     136,268 210,032
Deferred revenue     0 229,698
Due to related parties     441,824 34,655
Net cash used in operating activities     (7,564,368) (7,558,412)
Cash flows used in investing activities:        
Purchases of property and equipment     (245,960) (931,820)
Net cash used in investing activities     (245,960) (931,820)
Cash flows provided by financing activities:        
Proceeds from the issuance of common stock, net     1,272,621 8,927,211
Tax withholding payments or tax equivalent payments for net share settlement of restricted stock units and net stock option expense     (27,588) (9,857)
Net cash provided by financing activities     1,245,033 8,917,354
Effect of exchange rate on changes on cash     4,364 0
Net change in cash and restricted cash     (6,560,931) 427,122
Cash and restricted cash at beginning of period     14,620,449 17,159,925
Cash and restricted cash 8,059,518 17,587,047 8,059,518 17,587,047
Supplemental disclosures of non-cash investing and financing activities:        
Par value of shares issued for vested restricted stock units and net stock option exercise     25 69
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 7,972,012 17,499,541 7,972,012 17,499,541
Restricted cash $ 87,506 $ 87,506 $ 87,506 $ 87,506

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