Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF OPERATIONS

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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenue $ 3,700,476 $ 552,699
Cost of goods sold 2,532,436 411,851
Gross profit 1,168,040 140,848
Operating expenses:    
Sales and marketing expenses 1,386,671 464,081
General and administrative 6,520,451 3,852,773
General and administrative - related party 0 62,092
Depreciation expense 175,036 42,407
Total operating expenses 8,082,158 4,421,353
Other Income (expenses):    
Interest expense (26,241) (11,055)
Interest income 11 0
Interest expense on redeemable preferred stock (40,383) (468,256)
Fees paid on credit line (27,283) (8,603)
Amortization of deferred financing cost (43,149) 0
Placement agent fee to acquired credit line 0 (10,000)
Amortization of debt discount (414,370) (107,532)
Other expenses (11) (1,530)
Other income - related party 0 40,029
Change in derivative liability 326,095 617,939
Total other expense (225,331) 50,992
Net loss $ (7,139,449) $ (4,229,513)
Weighted average number of common shares outstanding - basic and fully dulitive 111,704,823 80,220,729
Net loss per share basic and fully diluted $ (0.06) $ (0.05)