Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Sep. 30, 2023
Jun. 30, 2023
Sep. 30, 2022
Jun. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES              
Net loss $ (2,646,539) $ (2,298,431) $ (24,528,345) $ (2,200,176) $ (4,944,970) $ (26,728,521)  
Adjustments to reconcile net loss to net cash used in operating activities              
Depreciation expense         871,679 933,461  
Amortization expense         735,000 735,000  
Amortization of debt discount         4,176,389  
Change in fair value of derivative liability   18,241,000   16,927,000  
Change in fair value of warrant liability         (270,000) (1,876,000) $ (3,568,000)
Change in fair value of promissory notes         (667,634)  
Financing costs         120,000  
Gain on sale of machinery and equipment (10,229)     (16,014)  
Shares issued for services         4,700 74,750  
Amortization of operating lease right-of-use assets         21,091  
Changes in operating assets and liabilities:              
Accounts receivable         15,229 (57,736)  
Inventory         (14,333) (40,079)  
Prepaid expenses and other current assets         38,648 720,314  
Deferred offering costs         1,336,263  
Accounts payable         165,765 376,056  
Other accrued expenses         (18,306) 51,363  
Accrued expenses - related parties         345,212  
Accrued interest         66,814 1,065,705  
Accrued interest - related parties         15,551 11,796  
Contract liability         25,000  
Operating lease liabilities         (30,141)  
Cash used in operating activities         (2,200,446) (3,630,502)  
CASH FLOWS FROM INVESTING ACTIVITIES              
Cash paid for fixed assets         (48,800) (208,883)  
Cash received for sale of machinery and equipment         59,000  
Cash provided by (used in) investing activities         10,200 (208,883)  
CASH FLOWS FROM FINANCING ACTIVITIES              
Payments of notes payable         (24,000) (48,000)  
Repayment of short-term promissory note and lines of credit         (227)  
Proceeds from sale of stock         1,754,871  
Proceeds from promissory note         4,865,000  
Proceeds from promissory note, related parties         140,000 250,000  
Proceeds from convertible debentures         1,500,000  
Proceeds from convertible debentures, receipt from escrow         (3,900,000)  
Proceeds from sale of Series E Preferred Shares         150,000  
Cash provided by financing activities         2,020,871 2,666,773  
NET CHANGE IN CASH         (169,375) (1,172,612)  
CASH AT BEGINNING OF PERIOD   $ 216,465   $ 1,734,040 216,465 1,734,040 1,734,040
CASH AT END OF PERIOD $ 47,090   $ 561,428   47,090 561,428 $ 216,465
INTEREST PAID         616 4,162  
Supplemental Disclosure of Non-Cash Investing and Financing Activities:              
Construction in process transferred to fixed assets         915,883  
Shares issued upon conversion of Preferred stock         828,000 1,560,000  
Dividends on Series E Preferred stock         345,209  
Dividends in kind issued         516,000  
Shares issued/to be issued, for legal settlement         $ 272,743