General form of registration statement for all companies including face-amount certificate companies

Consolidated Statements of Cash Flows

v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
 11 Months Ended 12 Months Ended
Mar. 31, 2015
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (446,349) $ (3,710,827)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 5,675 26,035
Amortization of intangibles 1,044 2,714
Share-based compensation 6,219 639,644
Change in fair value of derivative liabilities 106,994
Changes in operating assets and liabilities:    
Inventory (30,521) (13,023)
Prepaid expenses (19,000) (40,461)
Other assets (2,715) (8,000)
Accounts payable and accrued expenses 52,582 207,806
Net Cash Used In Operating Activities (433,065) (2,789,118)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for machinery and equipment (71,187) (143,433)
Cash paid for intangibles (28,010) (36,397)
Net Cash Used In Investing Activities (99,197) (179,830)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings from promissory note 30,000
Repayment of promissory note (30,000)
Proceeds from issuance of common stock 35,001 5,011,314
Proceeds from issuance of preferred stock 530,000
Proceeds received from convertible note 655,000
Net Cash Provided By Financing Activities 1,220,001 5,011,314
Net Increase in Cash 687,739 2,042,366
Cash - Beginning of Period   687,739
Cash - End of Period 687,739 2,730,105
Cash Paid During the Period for:    
Income taxes
Interest 984
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock compensation payable 5,857 101,045
Warrants issued for stock issuance costs 206,715
Conversion of convertible notes into common stock $ 655,000