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Consolidated Statement of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (28,978,763) $ (22,000,556)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 5,181 5,182
Amortization of employees, directors and consultants stock options 3,456,895 6,085,673
Change in fair value of warrant liability 3,915,393 (3,644,601)
Gain on warrant exchange (2,228,697)  
Change in operating assets and liabilities:    
Prepaid clinical costs 144,528 195,172
Prepaid expenses and other assets (171,021) 538,073
Operating lease right-of-use asset 150,269 297,596
Accounts payable and other current liabilities 1,015,088 (865,006)
Severance payable (58,896) (428,242)
Accrued bonuses (760,269) 305,731
Operating lease liability (54,186) (49,333)
Net cash used in operating activities (23,564,478) (19,560,311)
Cash flows from financing activities:    
Insurance note payments (518,124) (597,339)
Proceeds from registered offerings, net of issuance costs 99,547,283 32,555,738
Proceeds from exercise of stock options 5,351,323  
Net cash provided by financing activities 104,380,482 31,958,399
Net increase in cash 80,816,004 12,398,088
Cash and cash equivalents — beginning of year 26,700,416 14,302,328
Cash and cash equivalents — end of year 107,516,420 26,700,416
Cash paid for interest and income taxes are as follows:    
Interest 97,133 114,243
Noncash investing and financing activities:    
Financing of insurance premiums   $ 518,124
Operating lease right-of-use asset obtained in exchange for lease liabilities 75,439  
Share Exchange Agreements [Member]    
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on warrant exchange $ (1,900,000)