v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (7,493,408) $ (7,425,626)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 187,432 159,015
Shares issued and vested, options and RSU expensed for employee and non-employee services 2,449,047 2,918,680
Amortization of debt discount 935,102 0
Non-cash interest expense 49,710 0
Non-cash lease expense (275) 5,084
Changes in operating assets and liabilities:    
Accounts receivable (495,350) 236,803
Inventory (2,094,675) (629,855)
Prepaid expenses and other current assets (1,434,887) (2,028,928)
Accounts payable 1,492,615 653,199
Accrued expenses 3,910,039 56,315
NET CASH USED IN OPERATING ACTIVITIES (2,494,650) (6,055,313)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (854,997) (61,444)
CASH USED IN INVESTING ACTIVITIES (854,997) (61,444)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from (repayment of) revolving financing (504,083) 782,699
Proceeds from sale of common stock, net 5,268,592 0
Proceeds for the exercise of warrants, net 0 652,777
Proceeds for the exercise of stock options, net 0 48,230
CASH PROVIDED BY FINANCING ACTIVITIES 4,764,509 1,483,706
NET CHANGE IN CASH 1,414,862 (4,633,051)
CASH AT BEGINNING OF PERIOD 1,531,062 9,130,956
CASH AT END OF PERIOD 2,945,924 4,497,905
INTEREST PAID 215,164 105,197
TAXES PAID $ 0 $ 0

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