Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (8,617,565) $ (6,687,280)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 580,669 418,777
Stock compensation expense 393,460 3,554,912
Amortization of debt discount and accretion   295,000
Interest expense converted to equity   14,583
Interest expense relating to amortization of capital lease discount   60,089
Change in derivative liabilities (288) (3,119)
Changes in operating assets and liabilities:    
Accounts receivable (469,086) (1,179,814)
Inventory (1,055,992) (182,032)
Prepaid expenses and other current assets (82,228) 10,776
Accounts payable 845,970 709,164
Accrued expenses 276,447 363,095
NET CASH USED IN OPERATING ACTIVITIES (8,128,613) (2,625,849)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (1,356,299) (317,855)
CASH USED IN INVESTING ACTIVITIES (1,356,299) (317,855)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from convertible note payable   500,000
Proceeds from revolving financing, net 539,264 1,155,932
Proceeds from sale of common stock, net 17,238,429  
Proceeds for the exercise of warrants, net 1,882,348 1,950,000
Repayment of notes payable (131,583) (18,826)
Repayment of capital lease   (258,302)
CASH PROVIDED BY FINANCING ACTIVITIES 19,528,458 3,328,804
NET CHANGE IN CASH 10,043,546 385,100
CASH AT BEGINNING OF PERIOD 988,905 603,805
CASH AT END OF PERIOD 11,032,451 988,905
INTEREST PAID 430,614 324,260
TAXES PAID $ 0 0
NON-CASH INVESTING AND FINANCING TRANSACTION    
Conversion of note payable to common shares   $ 514,602