Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEET

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CONSOLIDATED BALANCE SHEET - USD ($)
Mar. 31, 2016
Mar. 31, 2015
Current assets    
Cash and cash equivalents $ 1,192,119 $ 90,113
Accounts receivable 911,390 416,373
Inventory 434,708 193,355
Prepaid expenses 10,806 17,500
Total current assets 2,549,023 717,341
Fixed assets - net 1,226,534 1,199,900
Total assets 3,775,557 1,917,241
Current liabilities    
Accounts payable 847,452 562,499
Accounts payable - related parties 0 43,036
Accrued expenses 251,613 160,437
Revolving financing 475,273 242,875
Current portion of capital leases 243,623 209,544
Note payable, net of debt discount 283,120 0
Note payable with original issue discount, net of debt discount 41,248 0
Derivative liability 11,143 194,940
Total current liabilities 2,153,472 1,413,331
Long-term Liabilities    
Capitalized leases 95,204 233,770
Total long-term liabilities 95,204 233,770
Total liabilities 2,248,676 1,647,101
Stockholders' deficit    
Preferred stock, $0.001 par value, 100,000,000 shares authorized, Series A issued 20,000,000, Series C issued 3,000,000 23,000 20,000
Common stock, Class A - $0.001 par value, 22,500,000 shares authorized 14,568,970 and 2,489,916 shares issued and outstanding at March 31, 2016 and March 31, 2015, respectively 14,568 2,490
Additional paid in capital 21,423,247 11,900,000
Accumulated deficit (19,933,934) (11,652,350)
Total stockholders' deficit 1,526,881 270,140
Total liabilities and stockholders' deficit $ 3,775,557 $ 1,917,241