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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (3,734,886) $ (2,269,764)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 645,320 350,783
Depreciation and amortization 52,314 14,354
Amortization of lease right-of-use asset 35,923 0
Change in lease liability 94,518 0
Changes in assets and liabilities:    
Other assets 28,659 5,502
Accounts payable and accrued expenses (151,519) 151,663
Net cash used in operating activities (3,029,671) (1,747,462)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (93,303) (30,600)
Net cash used in investing activities (93,303) (30,600)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from private placement of stock, net of issuance costs 1,118,634 0
Proceeds from issuance of PPP note payable 368,780 0
Net cash provided by financing activities 1,487,414 0
Net decrease in cash and cash equivalents (1,635,560) (1,778,062)
Cash and cash equivalents, at the beginning of the period 3,122,134 6,553,768
Cash and cash equivalents, at the end of the period $ 1,486,574 $ 4,775,706