Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (4,714,269) $ (668,329)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation expense 58,068 9,338
Interest expense converted to common stock 0 3,555
Shares issued for services 3,014,306 137,500
Amortization of debt discount 414,370 0
Change in derivative liabilities (355,086) 0
Changes in operating assets and liabilities:    
Accounts receivable (286,271) (33,525)
Inventory (385,241) (96,214)
Prepaid expenses and other current assets (18,304) (46,333)
Accounts payable 291,176 65,852
Accounts payable - related party (18,403) 0
Accrued expenses (5,679) 12,762
Accrued interest (17,429) 0
Net cash used in operating activities (2,022,762) (615,394)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (317,673) (263,223)
Proceeds from sale lease back 208,773 0
Equipment Deposits - related party (668,772) (90,000)
Net cash used in investing activities (777,672) (353,223)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable 0 75,000
Proceeds from revolving financing 229,643 0
Proceeds from sale of common stock, net 2,361,999 525,000
Proceeds from the exercise of warrants, net 874,650 0
Proceeds from shares to be issued 0 500,000
Repayment of capital lease (20,870) 0
Repayment of redeemable preferred shares (247,170) 0
Net cash provided by financing activities 3,198,252 1,100,000
NET CHANGE IN CASH 397,818 131,383
CASH AT BEGINNING OF PERIOD 2,665 64,607
CASH AT END OF PERIOD 400,483 195,990
SUPPLEMENTAL INFORMATION:    
Interest paid 0 0
Income taxes paid 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Debt converted to common stock 0 229,870
Preferred stock conversion to common stock 252,830 0
Deferred discount on conversion of preferred stock 56,098 0
Fair value of derivate liability at isuance of Warrants 389,710 0
Fair value of derivative liability at exercise $ 150,566 $ 0