Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENT OF OPERATIONS

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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Revenue $ 2,946,749 $ 1,513,578
Cost of Goods Sold 1,790,713 976,804
Gross Profit 1,156,036 536,774
Operating expenses    
Sales and marketing expenses 1,085,999 626,681
General and administrative 840,774 1,151,540
Depreciation 89,439 71,029
Total operating expenses 2,016,212 1,849,250
Total operating loss (860,176) (1,312,476)
Other income (expense)    
Interest income 98 0
Interest expense (112,601) (67,407)
Amortization of debt discount and accretion (45,258) (6,583)
Change in derivative liability 4,306 (168,164)
Total other income (expense) (153,455) (242,154)
Net loss $ (1,013,631) $ (1,554,630)
EARNINGS PER SHARE (Basic) $ (0.07) $ (0.59)
WEIGHTED AVERAGE SHARES OUTSTANDING (Basic) 14,716,285 2,637,401