XML 25 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Mar. 31, 2021
Mar. 31, 2020
Statement of Cash Flows [Abstract]        
Net loss $ (9,216,848) $ (3,734,886) $ (7,377,976) $ (5,320,873)
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 52,314 111,015 35,431
Shares for services 314,265 68,880
Amortization of lease right-of-use asset 38,085 35,923 70,826
Change in lease liability (61,032) 94,518 38,905
Amortization of debt issuance costs 824,439 12,253
Changes in assets and liabilities:        
Prepaid expenses and other assets (7,941) 28,659    
Accounts payable and accrued expenses 799,687 (151,519) (86,747) 530,250
Net cash used in operating activities (4,784,725) (3,029,671) (5,908,662) (4,094,839)
Cash flows from investing activities        
Purchases of property and equipment (22,779) (93,303) (109,669) (260,789)
Net cash used in investing activities (22,779) (93,303) (109,669) (260,789)
Cash flows from financing activities        
Proceeds from private placement, net of issuance costs 1,118,634 1,785,882 923,994
Proceeds from issuance of convertible notes 4,137,200 2,210,000
Proceeds from issuance of PPP note payable 368,780 368,780
Net cash provided by financing activities 4,137,200 1,487,414 4,364,662 923,994
Net decrease in cash and cash equivalents (670,304) (1,635,560) (1,653,669) (3,431,634)
Cash and cash equivalents, at beginning of year 1,468,465 3,122,134 3,122,134 6,553,768
Cash and cash equivalents, at end of year 798,161 1,486,574 1,468,465 3,122,134
Noncash investing and financing activities:        
Fair value of detachable warrants issued with convertible notes 3,700,632    
Stock-based compensation expense     1,227,578 801,244
Other     1,004
Other assets and prepaid expenses     25,600 (48,391)
Security deposits     (92,500)
Net decrease in cash and cash equivalents $ (670,304) $ (1,635,560) (1,653,669) (3,431,634)
Income taxes     $ 1,600 $ 1,600