v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (7,151,469) $ (13,388,089)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 323,653 339,559
Stock-based compensation 278,547 415,234
Non-cash lease expense 294,026 281,208
Warrant Inducement Expense 0 4,612,862
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 151,550 113,923
Accounts payable and other current liabilities (383,384) (53,360)
Due to related parties (511,315) 33,131
Net cash used in operating activities (6,998,392) (7,645,532)
Cash flows from investing activities:    
Purchases of property and equipment (3,704) 0
Cash used in investing activities (3,704) 0
Cash flows from financing activities:    
Tax withholding payments or tax equivalent payments for net share settlement of restricted stock units (10,915) (18,927)
Gross proceeds from the issuance of common stock and pre-funded warrants 6,901,465 4,703,800
Payments for offering costs related to equity issuance (1,087,854) (1,163,893)
Proceeds from exercise of warrants – standard terms 0 2,054,940
Proceeds from exercise of warrants – induced terms 848,537 2,316,320
Commission paid related to warrant inducement 0 (153,979)
Legal fees paid related to warrant inducement 0 (10,877)
Payments for deferred offering costs related to future equity issuance (129,329) 0
Net cash provided by financing activities 6,521,904 7,727,384
Effect of Exchange Rate on Changes on Cash 6,504 (12,262)
Net (decrease) increase in cash and cash equivalents and restricted cash (473,688) 69,590
Cash and cash equivalents restricted cash at beginning of year 5,599,074 5,529,484
Cash and restricted cash 5,125,386 5,599,074
Supplemental information of non-cash investing and financing activities:    
Issuance of shares under vested restricted stock units, net stock option exercises and unvested share issuance for services 5 13
Disposal of fully depreciated property 14,628 350,670
Warrant modification costs 135,676 0
Deferred offering costs not yet paid 81,656 0
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets:    
Cash and cash equivalents 5,026,458 5,501,261
Restricted cash $ 98,928 $ 97,813