v3.8.0.1
CONSOLIDATED BALANCE SHEET - USD ($)
Dec. 31, 2017
Mar. 31, 2017
Current assets    
Cash and cash equivalents $ 425,409 $ 603,805
Accounts receivable 1,211,375 1,419,281
Inventory 920,716 819,988
Prepaid expenses 235,791 307,247
Total current assets 2,793,291 3,150,321
Fixed assets - net 1,098,542 1,120,148
Total assets 3,891,833 4,270,469
Current liabilities    
Accounts payable 1,159,089 1,343,824
Accrued expenses 525,238 455,916
Advance by related party 1,000,000 0
Revolving financing 1,495,049 1,436,083
Current portion of capital leases 48,703 190,207
Derivative liability 3,407 3,407
Total current liabilities 4,231,486 3,429,437
Long-term Liabilities    
Capitalized leases 0 8,006
Total long-term liabilities 0 8,006
Total liabilities 4,231,486 3,437,443
Stockholders' equity    
Preferred stock, $0.001 par value, 100,000,000 shares authorized, Series C issued 1,500,000, Series D issued 3,800,000 at December 31, 2017 and Series A issued 20,000,000, Series C issued 3,000,000 at March 31, 2017 5,300 23,000
Common stock, Class A - $0.001 par value, 200,000,000 shares authorized 22,091,346 and 17,532,451 shares issued and outstanding at December 31, 2017 and March 31, 2017 respectively 22,090 17,531
Additional paid in capital 28,560,165 24,181,029
Accumulated deficit (28,927,208) (23,388,534)
Total stockholders' equity (339,653) 833,026
Total liabilities and stockholders' equity $ 3,891,833 $ 4,270,469

Source