XML 29 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Statement of Cash Flows [Abstract]        
Net loss $ (14,058,155) $ (5,605,431) $ (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 2,740,086 940,374    
Depreciation and amortization 80,268 82,016 111,015 35,431
Shares for services 388,021 68,880
Shares issuable for services 149,994    
Amortization of lease right-of-use asset 58,404 52,994 70,826
Change in lease liability (92,826) 67,092 38,905
Amortization of debt issuance costs 1,454,762 12,253
Changes in assets and liabilities:        
Prepaid expenses and other assets (25,995) 15,964    
Accounts payable and accrued expenses 1,223,983 (123,722) (86,747) 530,250
Net cash used in operating activities (7,128,787) (4,570,713) (5,908,662) (4,094,839)
Cash flows from investing activities        
Purchases of property and equipment (22,779) (109,541) (109,669) (260,789)
Net cash used in investing activities (22,779) (109,541) (109,669) (260,789)
Cash flows from financing activities        
Proceeds from private placement, net of issuance costs 250,000 1,785,882 1,785,882 923,994
Proceeds from issuance of convertible notes 4,137,199 2,210,000
Proceeds from issuance of promissory note 1,500,000    
Proceeds from issuance of PPP note payable 368,780 368,780
Net cash provided by financing activities 5,887,199 2,154,662 4,364,662 923,994
Net decrease in cash and cash equivalents (1,264,367) (2,525,592) (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 204,098 596,542 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)
Income taxes     $ 1,600 $ 1,600