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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net loss $ (4,160,196) $ (4,452,797)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and Amortization 54,840 33,407
Loss on disposal of property and equipment 12,978 0
Stock Based Compensation 565,039 429,610
Other non-cash expenses 0 34,796
Changes in assets and liabilities:    
Prepaid expenses and other receivables 186,281 (456,125)
Accrued interest receivable (258,523) (37,396)
Increase in inventory 0 70,759
Accounts payable 138,485 98,118
Liability due to related party (91,347) 697,182
Other liabilities and accrued expenses 102,898 21,494
Net cash used in operating activities (3,449,545) (3,560,952)
Cash Flows from Investing Activities:    
Capitalized patent costs (53,206) (20,331)
Purchase of property and equipment (157,825) (59,666)
Fixed rate savings account 0 4,483,852
Net cash provided by/ (used in) investing activities (211,031) 4,403,855
Cash Flows from Financing Activities:    
Costs incurred in relation to ATM Financing (40,365) (161,102)
Costs incurred in relation to public offering 0 (328,302)
Gross proceeds from issuance of common stock in relation to ATM financing 152,492 455,105
Gross proceeds from public offering 0 2,019,743
Gross proceeds from warrant exercise 26,000 64,311
Gross proceeds from unit purchase option 0 100
Repayments of note payable (40,896) 0
Net cash provided by financing activities 97,231 2,049,855
Net increase/(decrease)/ in cash (3,563,345) 2,892,758
Effect of exchange rate changes on cash (71,212) 25,571
Cash at beginning of year 3,740,664 822,335
Cash at end of year 106,107 3,740,664
Supplemental disclosure of non-cash financing activities:    
Conversion of Series A preferred stock to common stock 0 137,324
Prepayment of equity compensation 27,400 85,715
Amount of insurance funded through note payable 123,491 0
Forgiveness of payable from a related party $ 0 $ 302,819