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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows used in operating activities:    
Net loss $ (2,906,081) $ (2,098,438)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 30,650 11,666
Stock based compensation 215,437 120,154
Accretion of right-of-use lease asset 7,800 (1,067)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 99,336 96,960
Accounts receivable 13,116 17,116
Accounts payable and other current liabilities (310,327) (219,277)
Deferred revenue 114,849 0
Due to related parties 6,303 1,058
Net cash used in operating activities (2,728,917) (2,071,828)
Cash flows used in investing activities:    
Purchases of property and equipment (41,169) (38,374)
Net cash used in investing activities (41,169) (38,374)
Cash flows provided by financing activities:    
Proceeds from the issuance of common stock, net 619,442 17,456,092
Tax withholding payments or tax equivalent payments for net share settlement of restricted stock units and net stock option expense 0 (35,786)
Net cash provided by financing activities 619,442 17,420,306
Net (decrease) increase in cash and restricted cash (2,150,644) 15,310,104
Cash and restricted cash at beginning of period 17,159,925 9,908,301
Cash and restricted cash 15,009,281 25,218,405
Supplemental disclosures of non-cash investing and financing activities:    
Issuance of common stock under cashless warrant exercises 0 676
Par value of shares issued for vested restricted stock units and net stock option exercise 0 11
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets:    
Cash and cash equivalents 14,921,775 25,171,679
Restricted cash $ 87,506 $ 46,726

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