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

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.7.0.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
 3 Months Ended 9 Months Ended 11 Months Ended 12 Months Ended
Jun. 30, 2016
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Jun. 30, 2016
Mar. 31, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net loss $ (2,517,637) $ (7,532,838) $ (2,888,530) $ (446,349) $ (5,406,167) $ (3,710,827) $ (1,221,773)
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation 11,425 61,374 23,403 5,675 34,828 26,035 8,090
Amortization of intangibles 1,131 5,063 2,212 1,044 3,339 2,714 1,550
Share-based compensation 435,642 2,952,850 441,190 6,219 849,625 639,644 231,909
Change in fair value of derivative liabilities 860,275 877,490 108,565 968,840 106,994 (1,571)
Changes in operating assets and liabilities:              
Inventory (5,990) (43,544) (30,521) (43,544) (13,023)  
Prepaid expenses 4,643 (70,896) 351 (19,000) 4,994 (40,461) (59,812)
Cash paid for deposits   (688,651)        
Other assets (2,715) (8,000) (8,715)
Accounts payable and accrued expenses 104,179 339,561 143,731 52,582 275,116 207,806 70,278
Deferred revenue   30,500        
Net Cash Used In Operating Activities (1,100,342) (4,031,537) (2,212,622) (433,065) (3,312,969) (2,789,118) (980,044)
CASH FLOWS FROM INVESTING ACTIVITIES:              
Cash paid for machinery and equipment (35,500) (542,551) (124,672) (71,187) (160,172) (143,433) (80,275)
Cash paid for intangibles (11,715) (51,684) (31,784) (28,010) (43,495) (36,397) (31,452)
Net Cash Used In Investing Activities (47,215) (594,235) (156,456) (99,197) (203,667) (179,830) (111,727)
CASH FLOWS FROM FINANCING ACTIVITIES:              
Borrowings from promissory note     30,000 30,000
Repayment of promissory note     (30,000) (30,000)
Proceeds from issuance of common stock 2,562,896 9,841,027 769,687 35,001 3,332,584 5,011,314 4,276,627
Proceeds from issuance of preferred stock     530,000
Proceeds from the exercise of warrants 10,000 55,000 10,000
Proceeds received from convertible note     655,000 655,000
Net Cash Provided By Financing Activities 2,572,896 9,896,027 769,687 1,220,001 3,342,584 5,011,314 4,931,627
Net Increase (Decrease) in Cash 1,425,339 5,270,255 (1,599,391) 687,739 (174,052) 2,042,366 3,839,856
Cash - Beginning of Period 2,730,105 4,155,444 4,329,496 4,329,496 687,739 489,640
Cash - End of Period 4,155,444 9,425,699 2,730,105 687,739 4,155,444 2,730,105 4,329,496
Cash Paid During the Period for:              
Income taxes
Interest 984 984
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:              
Stock compensation payable 72,177 485,916 101,045 5,857 146,016 101,045 33,063
Warrants issued for stock issuance costs 165,719 715,081 165,719 206,715 206,715
Conversion of convertible notes into common stock     655,000 655,000
Reclassification of derivative liability to additional paid in capital $ 16,974 $ 2,200,219