v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (3,454,600) $ (8,281,584)
Adjustments to reconcile net loss to net cash used in operating    
Depreciation expense 359,556 318,328
Stock compensation expense 379,125 4,551,961
Amortization of debt discount and accretion 556,330 639,524
Interest expense relating to amortization of capital lease discount 103,009 102,781
Change in derivative liabilities (7,736) (43,968)
Changes in operating assets and liabilities:    
Accounts receivable (507,891) (495,017)
Inventory (385,280) (241,353)
Prepaid expenses and other current assets (296,441) 6,694
Accounts payable 496,372 284,953
Accounts payable - related party 0 (43,036)
Accrued expenses 204,303 91,176
NET CASH USED IN OPERATING ACTIVITIES (2,553,253) (3,109,541)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (253,170) (344,961)
CASH USED IN INVESTING ACTIVITIES (253,170) (344,961)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable 0 2,075,000
Proceeds from convertible note payable 1,260,000 435,000
Proceeds from revolving financing 960,810 232,398
Proceeds from sale of common stock, net 425,000 3,751,200
Proceeds for the exercise of warrants, net 300,000 0
Repayment of notes payable (440,078) (1,729,821)
Repayment of capital lease (243,623) (207,269)
Repurchase of common stock (43,000) 0
CASH PROVIDED BY FINANCING ACTIVITIES 2,219,109 4,556,508
NET CHANGE IN CASH (587,314) 1,102,006
CASH AT BEGINNING OF PERIOD 1,192,119 90,113
CASH AT END OF PERIOD 604,805 1,192,119
INTEREST PAID $ 367,115 $ 152,557

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