v3.8.0.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,879,482) $ (2,289,307)
Adjustments to reconcile net loss to net cash used in operating    
Depreciation expense 192,559 180,397
Stock compensation expense 1,670,294 319,125
Amortization of debt discount and accretion 295,000 137,369
Interest expense converted to equity 14,583 0
Interest expense relating to amortization of capital lease discount 51,505 51,504
Change in derivative liabilities 0 (6,357)
Changes in operating assets and liabilities:    
Accounts receivable (429,564) (168,448)
Inventory 185,641 (112,901)
Prepaid expenses and other current assets (32,914) (10,294)
Accounts payable 107,956 110,383
Accrued expenses 155,917 138,266
NET CASH USED IN OPERATING ACTIVITIES (668,505) (1,650,263)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (226,446) (79,696)
Equipment Deposits - related party 0 (104,619)
CASH USED IN INVESTING ACTIVITIES (226,446) (184,315)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable 0 510,000
Proceeds from convertible note payable 500,000 0
Proceeds from revolving financing 409,943 87,918
Proceeds from sale of common stock, net 0 425,000
Proceeds from the exercise of warrants, net 0 300,000
Repayment of notes payable 0 (373,727)
Repayment of capital lease (136,966) (117,021)
CASH PROVIDED BY FINANCING ACTIVITIES 772,977 832,170
NET CHANGE IN CASH (121,974) (1,002,408)
CASH AT BEGINNING OF PERIOD 603,805 1,192,119
CASH AT END OF PERIOD 481,831 189,711
INTEREST PAID $ 154,497 $ 36,023

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