v3.23.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,840,938) $ (7,493,408)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 253,515 187,432
Shares issued and vested, options and RSU expensed for employee and non-employee services 93,269 2,449,047
Amortization of debt discount 0 935,102
Non-cash interest expense 0 49,710
Non-cash lease expense (4,822) (275)
Changes in operating assets and liabilities:    
Accounts receivable 1,460,615 (495,350)
Inventory 46,961 (2,094,675)
Prepaid expenses and other current assets 394,086 (1,434,887)
Accounts payable 992,940 1,492,615
Accrued expenses 420,035 3,910,039
Note payable, short-term (1,224,652) 0
NET CASH USED IN OPERATING ACTIVITIES (408,991) (2,494,650)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets 0 (854,997)
CASH USED IN INVESTING ACTIVITIES 0 (854,997)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from (repayment of) revolving financing, net (215,115) (504,083)
Proceeds from sale of common stock, net 0 5,268,592
CASH PROVIDED BY FINANCING ACTIVITIES (215,115) 4,764,509
NET CHANGE IN CASH (624,106) 1,414,862
CASH AT BEGINNING OF PERIOD 1,038,754 1,531,062
CASH AT END OF PERIOD 414,648 2,945,924
INTEREST PAID 423,768 215,164
TAXES PAID $ 0 $ 0

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