Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,643,198) $ (2,072,945)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 233,310 12,885
Amortization of intangibles 3,915 1,350
Share-based compensation 597,880 704,220
Change in fair value of derivative liabilities 157,216
Changes in operating assets and liabilities:    
Accounts receivable (304,620)
Inventory 109,194
Prepaid expenses (39,915) (38,881)
Other current assets (7,511)
Other assets (170,289) (120,000)
Accounts payable and accrued expenses 2,522,208 289,036
Deferred revenue 22,136
Net Cash Used In Operating Activities (1,676,890) (1,067,119)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for machinery and equipment (2,548,632) (20,293)
Cash paid for intangibles (11,627) (13,724)
Net Cash Used In Investing Activities (2,560,259) (34,017)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of warrants 47,665
Net Cash Provided By Financing Activities 47,665
Net Decrease in Cash (4,189,484) (1,101,136)
Cash - Beginning of Period 9,631,520 4,155,444
Cash - End of Period 5,442,036 3,054,308
Cash Paid During the Period for:    
Income taxes
Interest
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock compensation payable $ 60,885 $ 74,457