v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (5,056,188) $ (1,090,584)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 233,940 114,073
Stock compensation expense 1,103,740  
Right-of-use asset amortization 14,837  
Changes in operating assets and liabilities:    
Accounts receivable (1,049,936) (348,416)
Inventory 1,012,699 (255,877)
Prepaid expenses and other current assets 209,772 (401,764)
Accounts payable 847,042 235,800
Accrued expenses (62,258) (65,267)
NET CASH USED IN OPERATING ACTIVITIES (2,746,352) (1,812,035)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (35,670) (375,272)
CASH USED IN INVESTING ACTIVITIES (35,670) (375,272)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from revolving financing 582,822 147,141
Proceeds from sale of common stock, net   3,848,800
Proceeds for the exercise of warrants, net 1,180,486  
Repayment of notes payable   (41,268)
CASH PROVIDED BY FINANCING ACTIVITIES 1,763,308 3,954,673
NET CHANGE IN CASH (1,018,714) 1,767,366
CASH AT BEGINNING OF PERIOD 11,032,451 988,905
CASH AT END OF PERIOD 10,013,737 2,756,271
INTEREST PAID 59,828 100,784
TAXES PAID $ 0 $ 0

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