v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,771,754) $ (1,013,631)
Adjustments to reconcile net loss to net cash used in operating    
Depreciation expense 96,279 89,439
Stock compensation expense 1,339,502 142,625
Amortization of debt discount and accretion 19,667 79,049
Interest expense relating to amortization of capital lease discount 25,752 25,752
Change in derivative liabilities 0 (4,306)
Changes in operating assets and liabilities:    
Accounts receivable (864,345) (26,561)
Inventory (17,323) (74,492)
Prepaid expenses and other current assets 22,162 206
Accounts payable 11,322 (247,813)
Accrued expenses (7,394) 35,953
NET CASH USED IN OPERATING ACTIVITIES (1,146,132) (993,779)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (77,583) (49,310)
Equipment Deposits - related party 0 (67,619)
CASH USED IN INVESTING ACTIVITIES (77,583) (116,929)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable 0 260,000
Proceeds from convertible note payable 500,000 0
Proceeds from revolving financing 628,873 70,532
Proceeds from sale of common stock, net 0 425,000
Repayment of notes payable 0 (341,863)
Repayment of capital lease (67,136) (57,360)
CASH PROVIDED BY FINANCING ACTIVITIES 1,061,737 356,309
NET CHANGE IN CASH (161,978) (754,399)
CASH AT BEGINNING OF PERIOD 603,805 1,192,119
CASH AT END OF PERIOD 441,827 437,720
INTEREST PAID $ 83,960 $ 19,162

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