Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 5 Months Ended 6 Months Ended
Sep. 30, 2014
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (195,179) $ (1,890,829)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,942 7,162
Amortization of intangibles 380 1,540
Share-based compensation $ 1,785 226,729
Change in fair value of derivative liabilities (15,586)
Changes in operating assets and liabilities:    
Inventory 30,521
Prepaid expenses (35,622)
Other assets $ (2,715) (16,100)
Accounts payable and accrued expenses 1,967 319,448
Net Cash Used In Operating Activities (191,820) (1,372,737)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for machinery and equipment (63,698) (122,718)
Cash paid for intangibles (24,225) (19,490)
Net Cash Used In Investing Activities (87,923) $ (142,208)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings from promissory note 30,000
Repayment of promissory note (7,333)
Proceeds from issuance of Common Stock 1 $ 4,241,627
Proceeds from issuance of preferred stock 530,000
Net Cash Provided By Financing Activities 552,668 $ 4,241,627
Net Increase in Cash $ 272,925 2,726,682
Cash - Beginning of Period 687,739
Cash - End of Period $ 272,925 $ 3,414,421
Cash Paid During the Period for:    
Income taxes
Interest
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock compensation payable $ 1,684 $ 64,656
Warrants issued for stock issuance costs 206,715
Conversion of convertible notes into Common Stock $ 655,000