v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,787,681) $ (3,644,028)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 270,860 214,333
Stock compensation expense 319,125 1,111,445
Amortization of debt discount and accretion 226,436 296,415
Interest expense relating to amortization of capital lease discount 77,257 77,029
Change in derivative liabilities (7,736) (47,364)
Changes in operating assets and liabilities:    
Accounts receivable 76,613 (282,835)
Inventory (378,733) (7,964)
Prepaid expenses and other current assets (87,910) 15,000
Accounts payable 106,136 116,418
Accounts payable - related party 0 (43,036)
Accrued expenses 123,914 50,632
NET CASH USED IN OPERATING ACTIVITIES (2,061,719) (2,143,955)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (168,831) (19,461)
Equipment deposits - related party (104,619) (194,997)
CASH USED IN INVESTING ACTIVITIES (273,450) (214,458)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable 1,010,000 1,325,000
Proceeds from convertible note payable 0 435,000
Proceeds from revolving financing 56,747 141,061
Proceeds from sale of common stock, net 425,000 781,200
Proceeds for the exercise of warrants, net 300,000 0
Repayment of notes payable (381,079) (152,058)
Repayment of capital lease (179,078) (152,122)
CASH PROVIDED BY FINANCING ACTIVITIES 1,231,590 2,378,081
NET CHANGE IN CASH (1,103,579) 19,668
CASH AT BEGINNING OF PERIOD 1,192,119 90,113
CASH AT END OF PERIOD 88,540 109,781
INTEREST PAID $ 83,738 $ 112,395

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