Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.21.2
Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Mar. 31, 2021
Current assets:    
Cash $ 9,701 $ 15,297
Prepaid & other current assets 705 346
Total current assets 10,406 15,643
Property and equipment, net 484 209
Intangible assets, net 1,783 1,650
Other assets 28 20
TOTAL ASSETS 12,701 17,522
Current liabilities:    
Accounts payable 426 285
Accrued expenses 480 211
Notes payable 439 439
Total current liabilities 1,345 935
Total liabilities 1,345 935
Commitments and Contingencies (Note 10)
STOCKHOLDERS’ EQUITY:    
Preferred stock, par value $0.0001; 50,000,000 shares authorized, no shares outstanding
Series A preferred stock, par value $0.0001; 300 shares authorized, 251 shares outstanding as of September 30, 2021 and March 31, 2021, respectively
Series B preferred stock, par value $0.0001; 1,500 shares authorized, 1,443 shares outstanding as of September 30, 2021 and March 31, 2021, respectively
Series C preferred stock, par value $0.0001; 600,000 shares authorized, 500,756 shares outstanding as of September 30, 2021 and March 31, 2021, respectively
Common stock, par value $0.0001; 200,000,000 shares authorized; 14,530,126 and 14,856,480 shares outstanding as of September 30, 2021 and March 31, 2021, respectively 1 1
Additional paid-in capital 79,659 73,789
Accumulated deficit (68,304) (57,203)
Total stockholders’ equity 11,356 16,587
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 12,701 $ 17,522