Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENT OF CASH FLOWS

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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
 3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,013,631) $ (1,554,630)
Adjustments to reconcile net loss to net cash used in operating    
Depreciation expense 89,439 71,029
Stock compensation expense 142,625 642,872
Amortization of debt discount and accretion 79,049 6,583
Interest expense relating to amortization of capital lease discount 25,752 25,524
Change in derivative liabilities (4,306) 168,164
Changes in operating assets and liabilities:    
Accounts receivable (26,561) (73,213)
Inventory (74,492) (18,766)
Prepaid expenses and other current assets 206 0
Accounts payable (247,813) 197,933
Accounts payable - related party 0 (43,036)
Accrued expenses 35,953 10,563
NET CASH USED IN OPERATING ACTIVITIES (993,779) (566,977)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (49,310) (2,850)
Equipment Deposits - related party (67,619) (24,998)
CASH USED IN INVESTING ACTIVITIES (116,929) (27,848)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable 260,000 250,000
Proceeds from convertible note payable 0 50,000
Proceeds from revolving financing 70,532 (34,005)
Proceeds from sale of common stock, net 425,000 480,800
Repayment of notes payable (341,863) 0
Repayment of capital lease (57,360) (48,128)
CASH PROVIDED BY FINANCING ACTIVITIES 356,309 698,667
NET CHANGE IN CASH (754,399) 103,842
CASH AT BEGINNING OF PERIOD 1,192,119 90,113
CASH AT END OF PERIOD 437,720 193,955
INTEREST PAID $ 19,162 $ 30,167