Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (19,877,071) $ (28,540,132)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 610,162 477,045
Shares issued and vested, options and RSU expensed for employee and non-employee services 2,512,640 6,966,005
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 (3,569) 9,624
Changes in operating assets and liabilities:    
Accounts receivable (847,218) 684,980
Inventory (154,053) (4,421,839)
Prepaid expenses and other current assets 381,101 (1,224,743)
Accounts payable 3,217,482 333,821
Accrued expenses 188,627 (225,028)
NET CASH USED IN OPERATING ACTIVITIES (9,919,960) (25,940,267)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (787,817) (493,329)
CASH USED IN INVESTING ACTIVITIES (787,817) (493,329)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from (repayment of) revolving financing, net (652,554) 2,102,189
Proceeds from sale of common stock, net 5,268,592 4,995,250
Proceeds from sale of preferred stock, net 1,100,000 0
Proceeds for the exercise of warrants, net 5,653,544 13,390,313
Proceeds for the exercise of stock options, net 0 108,180
CASH PROVIDED BY FINANCING ACTIVITIES 11,369,582 20,595,932
NET CHANGE IN CASH 661,805 (5,837,664)
CASH AT BEGINNING OF PERIOD 1,531,062 9,130,956
CASH AT END OF PERIOD 2,192,867 3,293,292
INTEREST PAID 892,687 411,866
TAXES PAID $ 0 $ 0