Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows used in operating activities:    
Net loss $ (4,107,242) $ (3,182,535)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 80,690 18,041
Stock based compensation 321,216 251,249
Accretion of right-of-use lease asset (2,180) (956)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 98,772 62,426
Accounts receivable 17,116 94,880
Accounts payable and other current liabilities (374,020) (24,230)
Deferred revenue 0 407,022
Due to related parties 15,687 45,202
Net cash used in operating activities (3,949,961) (2,328,901)
Cash flows used in investing activities:    
Purchases of property and equipment (78,861) (23,137)
Net cash used in investing activities (78,861) (23,137)
Cash flows provided by financing activities:    
Proceeds from the issuance of common stock, net 17,456,092 7,260,869
Tax withholding payments or tax equivalent payments for net share settlement of restricted stock units (63,920) (40,379)
Net cash provided by financing activities 17,392,172 7,220,490
Net increase in cash 13,363,350 4,868,452
Cash at beginning of period 9,861,575 9,604,780
Cash at end of period 23,224,925 14,473,232
Supplemental disclosures of non-cash investing and financing activities:    
Issuance of common stock under cashless warrant exercises 676 0
Par value of shares issued for vested restricted stock units $ 22 $ 35