Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEET

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CONSOLIDATED BALANCE SHEET - USD ($)
Sep. 30, 2016
Mar. 31, 2016
Current assets    
Cash and cash equivalents $ 189,711 $ 1,192,119
Accounts receivable 1,079,838 911,390
Inventory 547,609 434,708
Prepaid expenses 21,100 10,806
Total current assets 1,838,258 2,549,023
Fixed assets - net 1,125,834 1,226,534
Equipment deposits - related party 104,619 0
Total assets 3,068,711 3,775,557
Current liabilities    
Accounts payable 957,835 847,452
Accrued expenses 389,879 251,613
Revolving financing 563,191 475,273
Current portion of capitalized leases 263,568 243,623
Note payable, net of debt discount 0 283,120
Note payable with original issue discount, net of debt discount 3,811 41,248
Current portion of convertible notes payable, net of debt discount 54,100 0
Derivative liability 4,786 11,143
Total current liabilities 2,237,170 2,153,472
Long-term Liabilities    
Capitalized leases 9,742 95,204
Convertible notes payable, net of debt discount 200,000 0
Total long-term liabilities 209,742 95,204
Total liabilities 2,446,912 2,248,676
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 23,000
Common stock, Class A - $0.001 par value, 22,500,000 shares authorized, 16,030,697 and 14,568,970 shares issued and outstanding at September 30, 2016 and March 31, 2016, respectively 16,029 14,568
Additional paid in capital 22,806,011 21,423,247
Common stock issuable 0 0
Accumulated deficit (22,223,241) (19,933,934)
Total stockholders' deficit 621,799 1,526,881
Total liabilities and stockholders' deficit $ 3,068,711 $ 3,775,557