XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Statement of Cash Flows [Abstract]    
Net loss $ (9,216,848) $ (3,734,886)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on PPP note forgiveness (368,780)
Loss on debt extinguishment 1,321,450
Stock-based compensation expense 1,518,351 645,320
Depreciation and amortization 53,599 52,314
Shares issued for services 314,265
Amortization of lease right-to-use asset 38,085 35,923
Change in lease liability (61,032) 94,518
Amortization of debt discount 824,439
Changes in assets and liabilities:    
Prepaid expenses and other assets (7,941) 28,659
Accounts payable and accrued expenses 799,687 (151,519)
Net cash used in operating activities (4,784,725) (3,029,671)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (22,779) (93,303)
Net cash used in investing activities (22,779) (93,303)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from private placement, net of issuance costs 1,118,634
Proceeds from issuance of convertible notes, net of placement fees 4,137,200
Proceeds from issuance of PPP note payable 368,780
Net cash provided by financing activities 4,137,200 1,487,414
Net decrease in cash and cash equivalents (670,304) (1,635,560)
Cash and cash equivalents at beginning of period 1,468,465 3,122,134
Cash and cash equivalents at end of period 798,161 1,486,574
Noncash investing and financing activities:    
Fair value of detachable warrants issued with convertible notes $ 3,700,632