v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (15,890,616) $ (17,804,099)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 406,385 318,030
Shares issued and vested, options and RSU expensed for employee and non-employee services 1,721,605 3,851,955
Amortization of debt discount 1,598,855 0
Debt conversion expense 2,405,612 0
Non-cash interest expense 47,472 0
Non-cash lease expense (1,033) 8,366
Changes in operating assets and liabilities:    
Accounts receivable 463,056 (2,525,055)
Inventory (1,290,334) (1,870,124)
Prepaid expenses and other current assets 338,527 (1,723,026)
Accounts payable 460,609 929,303
Accrued expenses 289,355 84,224
NET CASH USED IN OPERATING ACTIVITIES (9,450,507) (18,730,426)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (1,233,254) (315,408)
CASH USED IN INVESTING ACTIVITIES (1,233,254) (315,408)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from (repayment of) revolving financing, net 488,065 2,673,516
Proceeds from sale of common stock, net 5,268,592 4,995,250
Proceeds for the exercise of warrants, net 5,653,544 12,556,997
Proceeds for the exercise of stock options, net 0 108,108
CASH PROVIDED BY FINANCING ACTIVITIES 11,410,201 20,333,871
NET CHANGE IN CASH 726,440 1,288,037
CASH AT BEGINNING OF PERIOD 1,531,062 9,130,956
CASH AT END OF PERIOD 2,257,502 10,418,993
INTEREST PAID 468,118 271,190
TAXES PAID $ 0 $ 0

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