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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net loss $ (6,258,596) $ (4,160,196)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and Amortization 98,075 54,840
Accretion of debt discount 2,007,687 0
Loss on disposal of property and equipment 0 12,978
Stock Based Compensation 113,171 565,039
Changes in assets and liabilities:    
Prepaid expenses (767,050) 186,281
Increase in inventory (564,313) (258,523)
Accounts payable (39,914) 138,485
Liability due to related party (681,298) (91,347)
Other liabilities and accrued expenses 94,141 102,898
Net cash used in operating activities (5,998,097) (3,449,545)
Cash Flows from Investing Activities:    
Capitalized patent costs (81,952) (53,206)
Purchase of property and equipment (90,730) (157,825)
Capitalized software development costs (663,758) 0
Net cash used in investing activities (836,440) (211,031)
Cash Flows from Financing Activities:    
Proceeds from issuance of common stock 15,750,672 152,492
Costs incurred in relation to equity financing (957,193) (40,365)
Proceeds from warrant exercise 400,503 26,000
Proceeds from issuance of notes payable 25,000,000 0
Debt issuance costs paid (1,525,035) 0
Repayments of notes payable (600,000) 0
Repayments of insurance financing (82,555) (40,896)
Net cash provided by financing activities 37,986,392 97,231
Net increase/(decrease)/ in cash 31,151,855 (3,563,345)
Effect of exchange rate changes on cash 607,409 (71,212)
Cash at beginning of year 106,107 3,740,664
Cash at end of year 31,865,371 106,107
Supplemental disclosure of non-cash financing activities:    
Prepayment of equity compensation 50,000 27,400
Amount of insurance funded through note payable 0 123,491
Licenses acquired through stock issuance 100,000 0
Monitoring fees added to notes payable $ 718,661 $ 0