v3.22.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (28,540,132) $ (11,742,965)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 477,045 694,279
Shares issued and vested, options and RSU amortized for employee and non-employee services 6,966,005 2,064,149
Non-cash lease expense 9,624 932
Changes in operating assets and liabilities:    
Accounts receivable 684,980 27,421
Inventory (4,421,839) (1,193,794)
Prepaid expenses and other current assets (1,224,743) 414,525
Accounts payable 333,821 (410,773)
Accrued expenses (225,028) 543,938
NET CASH USED IN OPERATING ACTIVITIES (25,940,267) (9,602,288)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (493,329) (152,877)
CASH USED IN INVESTING ACTIVITIES (493,329) (152,877)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from (repayment of) revolving financing 2,102,189 (3,291,739)
Proceeds from promissory note payable 0 325,800
Proceeds from sale of common stock, net 4,995,250 4,899,998
Proceeds for the exercise of warrants, net 13,390,313 4,914,888
Proceeds for the exercise of stock options, net 108,180 61,480
CASH PROVIDED BY FINANCING ACTIVITIES 20,595,932 6,910,427
NET CHANGE IN CASH (5,837,664) (2,844,738)
CASH AT BEGINNING OF PERIOD 9,130,956 4,561,682
CASH AT END OF PERIOD 3,293,292 1,716,944
INTEREST PAID 411,866 411,507
TAXES PAID 0 0
SUPPLEMENTAL DISCLOSURE of NON-CASH INVESTING AND FINANCING ACTIVITIES    
ISSUANCE OF  COMMON SHARES TO SETTLE STOCK PAYABLE $ 0 $ 1,000,000

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