XML 15 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (5,320,873) $ (2,539,498)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 801,244 532,108
Depreciation and amortization 35,431 14,468
Shares for services 0 19,800
Increase/Decrease in Current Assets/Liabilities:    
Prepaid expenses and other assets (48,391) 1,214
Security deposits (92,500) 0
Accounts payable and accrued expenses 530,250 163,974
Net cash used in operating activities (4,094,839) (1,807,934)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (260,789) (77,124)
Net cash used in investing activities (260,789) (77,124)
Cash Flows from Financing Activities    
Proceeds from private placement 923,994 4,142,666
Repayment to related party 0 (516)
Net cash provided by financing activities 923,994 4,142,150
Net increase in cash and cash equivalents (3,431,634) 2,257,092
Cash and cash equivalents, at the beginning of the period 6,553,768 4,296,676
Cash and cash equivalents, at the end of the period 3,122,134 6,553,768
SUPPLEMENTAL DISCLOSURES:    
Cash paid during the year for income tax $ 1,600 $ 1,589