Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,090,584) $ (1,771,754)
Adjustments to reconcile net loss to net cash used in operating    
Depreciation expense 114,073 96,279
Stock compensation expense 0 1,339,502
Amortization of debt discount and accretion 0 19,667
Interest expense relating to amortization of capital lease discount 0 25,752
Changes in operating assets and liabilities:    
Accounts receivable (348,416) (864,345)
Inventory (255,877) (17,323)
Prepaid expenses and other current assets (401,764) 22,162
Accounts payable 235,800 11,322
Accrued expenses (65,267) (7,394)
NET CASH USED IN OPERATING ACTIVITIES (1,812,035) (1,146,132)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (375,272) (77,583)
CASH USED IN INVESTING ACTIVITIES (375,272) (77,583)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from convertible note payable 0 500,000
Proceeds from revolving financing 147,141 628,873
Proceeds from sale of common stock, net 3,848,800 0
Repayment of notes payable (41,268) 0
Repayment of capital lease 0 (67,136)
CASH PROVIDED BY FINANCING ACTIVITIES 3,954,673 1,061,737
NET CHANGE IN CASH 1,767,366 (161,978)
CASH AT BEGINNING OF PERIOD 988,905 603,805
CASH AT END OF PERIOD 2,756,271 441,827
INTEREST PAID $ 100,784 $ 83,960