Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
 8 Months Ended 9 Months Ended
Dec. 31, 2014
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (352,294) $ (2,961,436)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 4,127 15,618
Amortization of intangibles 760 1,918
Share-based compensation $ 1,917 308,152
Change in fair value of derivative liabilities (21,000)
Changes in operating assets and liabilities:    
Inventory 30,521
Prepaid expenses (48,887)
Other assets $ (2,715) (58,255)
Accounts payable and accrued expenses 18,724 451,178
Net Cash Used In Operating Activities (329,481) (2,282,191)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for machinery and equipment (71,187) (142,168)
Cash paid for intangibles (26,435) (21,518)
Net Cash Used In Investing Activities (97,622) $ (163,686)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings from promissory note 30,000
Repayment of promissory note (14,776)
Proceeds from issuance of common stock 1 $ 4,241,627
Proceeds from issuance of preferred stock 530,000
Net Cash Provided By Financing Activities 545,225 $ 4,241,627
Net Increase in Cash $ 118,122 1,795,750
Cash - Beginning of Period 687,739
Cash - End of Period $ 118,122 $ 2,483,489
Cash Paid During the Period for:    
Income taxes
Interest $ 716
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock compensation payable $ 1,684 $ 89,598
Warrants issued for stock issuance costs 206,715
Conversion of convertible notes into common stock $ 655,000