Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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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