Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)
Preferred Stock [Member]
Common Stock [Member]
Additional Paid in Capital [Member]
Deficit Accumulated [Member]
Total
Beginning Balance at Mar. 31, 2014 $ 20,000 $ 1,632 $ 4,139,434 $ (4,512,901) $ (351,835)
Beginning Balance (Shares) at Mar. 31, 2014 20,000,000 1,632,044      
Value of warrants issued with Capital lease agreement     309,029   309,029
Shares issued for cash Private Placement   $ 347 2,359,629   2,359,976
Shares issued for cash Private Placement (Shares)   346,667      
Shares issued to contractors   $ 130 945,993   946,123
Shares issued to contractors (Shares)   130,050      
Shares issued to employees   $ 71 355,284   355,355
Shares issued to employees (Shares)   71,000      
Warrant exercises   $ 291 1,453,513   1,453,804
Warrant exercises (Shares)   290,585      
Stock Options issued to employees     2,428,782   2,428,782
Option exercises   $ 4 1,816   1,820
Option exercises (Shares)   3,640      
Fees paid on stock issuances     (346,295)   (346,295)
Shares issued with conversion Preferred Series B   $ 16 252,814   252,830
Shares issued with conversion Preferred Series B (Shares)   15,931      
Net (loss)       (7,139,449) (7,139,449)
Ending Balance at Mar. 31, 2015 $ 20,000 $ 2,491 11,899,999 (11,652,350) 270,140
Ending Balance (Shares) at Mar. 31, 2015 20,000,000 2,489,917      
Value of warrants issued with Capital lease agreement     78,031   78,031
Shares issued for cash Private Placement   $ 9,222 3,731,042   3,740,264
Shares issued for cash Private Placement (Shares)   9,223,200      
Shares issued in connection with note payable   $ 871 1,053,279   1,054,150
Shares issued in connection with note payable (Shares)   871,246      
Shares issued to contractors   $ 1,600 2,124,541   2,126,141
Shares issued to contractors (Shares)   1,600,000      
Shares issued to employees   $ 129 168,065   168,194
Shares issued to employees (Shares)   129,000      
Warrant exercises   $ 255 127,090   127,345
Warrant exercises (Shares)   255,607      
Stock Options issued to employees     2,241,200   2,241,200
Preferred Stock issued to directos $ 3,000       3,000
Preferred Stock issued to directos (Shares) 3,000,000        
Net (loss)       (8,281,584) (8,281,584)
Ending Balance at Mar. 31, 2016 $ 23,000 $ 14,568 $ 21,423,247 $ (19,933,934) $ 1,526,881
Ending Balance (Shares) at Mar. 31, 2016 23,000,000 14,568,970