Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENT OF CASH FLOWS

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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
 6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,289,307) $ (2,549,307)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 180,397 142,129
Stock compensation expense 319,125 918,584
Amortization of debt discount and accretion 137,369 88,083
Interest expense relating to amortization of capital lease discount 51,504 51,277
Change in derivative liabilities (6,357) 42,662
Changes in operating assets and liabilities:    
Accounts receivable (168,448) (248,181)
Inventory (112,901) (64,073)
Prepaid expenses and other current assets (10,294) 15,000
Accounts payable 110,383 340,509
Accounts payable - related party 0 (43,036)
Accrued expenses 138,266 31,791
NET CASH USED IN OPERATING ACTIVITIES (1,650,263) (1,274,562)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (79,696) (2,850)
Equipment deposits - related party (104,619) (139,997)
CASH USED IN INVESTING ACTIVITIES (184,315) (142,847)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable 510,000 430,000
Proceeds from convertible note payable 0 275,000
Proceeds from revolving financing 87,918 13,894
Proceeds from sale of common stock, net 425,000 746,200
Proceeds for the exercise of warrants, net 300,000 0
Repayment of notes payable (373,727) 0
Repayment of capital lease (117,021) (99,103)
CASH PROVIDED BY FINANCING ACTIVITIES 832,170 1,365,991
NET CHANGE IN CASH (1,002,408) (51,418)
CASH AT BEGINNING OF PERIOD 1,192,119 90,113
CASH AT END OF PERIOD 189,711 38,695
INTEREST PAID $ 36,023 $ 67,362