Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENT OF OPERATIONS

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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Revenue $ 5,180,194 $ 2,946,749
Cost of Goods Sold 2,951,944 1,790,713
Gross Profit 2,228,250 1,156,036
Operating expenses    
Sales and marketing expenses 1,670,017 1,085,999
General and administrative 2,090,392 840,774
Depreciation 96,279 89,439
Total operating expenses 3,856,688 2,016,212
Total operating loss (1,628,438) (860,176)
Other income (expense)    
Interest income 0 98
Interest expense (123,649) (112,601)
Amortization of debt discount and accretion (19,667) (45,258)
Change in derivative liability 0 4,306
Total other income (expense) (143,316) (153,455)
Net loss $ (1,771,754) $ (1,013,631)
EARNINGS PER SHARE (Basic) $ (0.10) $ (0.07)
WEIGHTED AVERAGE SHARES OUTSTANDING (Basic) 17,967,618 14,716,285