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, 2018
Mar. 31, 2017
Revenue $ 19,812,199 $ 12,763,630
Cost of Goods Sold 11,687,017 7,350,394
Gross Profit 8,125,182 5,413,236
Operating expenses    
Sales and marketing expenses 7,211,399 4,428,572
General and administrative 6,425,069 3,164,101
Depreciation 418,777 359,556
Total operating expenses 14,055,245 7,952,229
Total operating loss (5,930,063) (2,538,993)
Other income (expense)    
Interest income 0 103
Interest expense (465,336) (367,115)
Amortization of debt discount and accretion (295,000) (556,331)
Change in derivative liability 3,119 7,736
Total other income (expense) (757,217) (915,607)
Net loss $ (6,687,280) $ (3,454,600)
EARNINGS PER SHARE (Basic) $ (0.33) $ (0.22)
WEIGHTED AVERAGE SHARES OUTSTANDING (Basic) 20,643,082 15,550,257