v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (17,804,099) $ (7,382,631)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 318,030 412,317
Shares issued and vested, options and RSU amortized for employee and non-employee services 3,851,955 1,680,453
Non-cash lease expense 8,366 (9,907)
Changes in operating assets and liabilities:    
Accounts receivable (2,525,055) (859,937)
Inventory (1,870,124) (1,329,721)
Prepaid expenses and other current assets (1,723,026) (807,161)
Accounts payable 929,303 (142,116)
Accrued expenses 84,224 327,187
NET CASH USED IN OPERATING ACTIVITIES (18,730,426) (8,111,516)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (315,408) (90,109)
CASH USED IN INVESTING ACTIVITIES (315,408) (90,109)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from (repayment of) revolving financing 2,673,516 (2,493,680)
Proceeds from promissory note payable 0 325,800
Proceeds from sale of common stock, net 4,995,250 4,899,998
Proceeds from stock payable 0 0
Proceeds for the exercise of warrants, net 12,556,997 4,823,222
Proceeds for the exercise of stock options, net 108,180 61,480
CASH PROVIDED BY FINANCING ACTIVITIES 20,333,943 7,616,820
NET CHANGE IN CASH 1,288,109 (584,805)
CASH AT BEGINNING OF PERIOD 9,130,956 4,561,682
CASH AT END OF PERIOD 10,419,065 3,976,877
INTEREST PAID 271,190 276,813
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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