XML 24 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Mar. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 3,799,324 $ 9,076,372
Prepaid expenses and other 146,866 313,422
Security deposit 100,000
TOTAL CURRENT ASSETS 4,046,190 9,389,794
Property and equipment, net 1,721,311 235,959
Right of use assets, net 1,477,747 120,693
Security deposit 100,000
TOTAL NON-CURRENT ASSETS 3,199,058 456,652
TOTAL ASSETS 7,245,248 9,846,446
CURRENT LIABILITIES    
Accounts payable 285,383 299,951
Accrued expenses 338,698 524,891
Short-term lease liabilities 355,224 144,857
TOTAL CURRENT LIABILITIES 979,305 969,699
Long-term lease liabilities 1,189,967 39,957
TOTAL LIABILITIES 2,169,272 1,009,656
Commitments and Contingencies (Note 11)
STOCKHOLDERS’ EQUITY    
Preferred Stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding
Common Stock, $0.001 par value, 50,000,000 shares authorized, 10,949,389 shares and 10,461,898 shares issued and outstanding as of March 31, 2023 and 2022, respectively 10,949 10,462
Additional paid-in capital 53,523,734 43,406,099
Accumulated deficit (48,458,707) (34,579,771)
TOTAL STOCKHOLDERS’ EQUITY 5,075,976 8,836,790
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 7,245,248 $ 9,846,446