Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEET

v3.3.1.900
CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
Dec. 31, 2015
Mar. 31, 2015
Current assets    
Cash and cash equivalents $ 109,781 $ 90,113
Accounts receivable 699,208 416,373
Inventory 201,319 193,355
Prepaid expenses 2,500 17,500
Total current assets 1,012,808 717,341
Fixed assets - net 1,005,028 1,199,900
Equipment deposits - related party 194,997 0
Total assets 2,212,833 1,917,241
Current liabilities    
Accounts payable 678,917 562,499
Accounts payable - related parties 0 43,036
Accrued expenses 211,069 160,437
Revolving financing 383,936 242,875
Current portion of capital leases 234,224 209,544
Note payable, net of debt discount 1,034,608 0
Note payable with original issue discount, net of debt discount 65,999 0
Convertible notes payable, net of debt discount 146,250 0
Derivative liability 7,747 194,940
Total current liabilities 2,762,750 1,413,331
Long-term Liabilities    
Capitalized leases 133,997 233,770
Total long-term liabilities 133,997 233,770
Total liabilities 2,896,747 1,647,101
Stockholders' deficit    
Preferred stock, $0.001 par value, 100,000,000 shares authorized, Series A issued 20,000,000 20,000 20,000
Common stock, Class A - $0.001 par value, 22,500,000 shares authorized 3,291,880 and 1,632,044 shares issued and outstanding at December 31, 2015 and March 31, 2015, respectively 3,292 2,490
Additional paid in capital 14,589,172 11,900,000
Accumulated deficit (15,296,378) (11,652,350)
Total stockholders' deficit (683,914) 270,140
Total liabilities and stockholders' deficit $ 2,212,833 $ 1,917,241