v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
6 Months Ended
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (7,382,631) $ (7,981,145)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 412,317 473,697
Stock compensation expense 1,680,453 1,266,345
Right-of-use asset amortization (9,907) 13,265
Changes in operating assets and liabilities:    
Accounts receivable (859,937) (1,187,897)
Inventory (1,329,721) 262,767
Prepaid expenses and other current assets (807,161) (1,559,527)
Accounts payable (142,116) 1,544,643
Accrued expenses 327,187 (160,150)
NET CASH USED IN OPERATING ACTIVITIES (8,111,516) (7,328,002)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (90,109) (210,948)
CASH USED IN INVESTING ACTIVITIES (90,109) (210,948)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from (repayment of) revolving financing (2,493,680) 876,919
Proceeds from PPP loan payable 325,800  
Proceeds from sale of common stock, net 4,899,998  
Proceeds for the exercise of warrants, net 4,823,222 2,500,486
Proceeds for the exercise of stock options, net 61,480  
CASH PROVIDED BY FINANCING ACTIVITIES 7,616,820 3,377,405
NET CHANGE IN CASH (584,805) (4,161,545)
CASH AT BEGINNING OF PERIOD 4,561,682 11,032,451
CASH AT END OF PERIOD 3,976,877 6,870,906
INTEREST PAID 276,813 148,862
TAXES PAID 0 $ 0
SUPPLEMENTAL DISCLOSURE of NON-CASH INVESTING and FINANCING ACTIVITIES    
OPERATING LEASE RIGHT OF USE ASSET 130,989  
OPERATING LEASE LIABILITY 138,266  
ISSUANCE OF COMMON SHARES TO SETTLE STOCK PAYABLE $ 1,000,000  

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