Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOW

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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (5,285,089) $ 114,318
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 70,894 60,459
(Gain)/loss on extinguishment of debt 0 (2,339,353)
Debt settlement expense 0 566,129
Amortization of debt discount 775,091 295,000
Change in fair value of derivative liability 1,600,000 (11,000)
Change in fair value of warrant liability 244,000 (4,000)
Financing costs related to convertible debentures 1,310,751 164,000
Shares issued for services 100,000 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 145,301 (223,000)
Accounts payable 31,982 (63,959)
Other accrued expenses 179,822 162,941
Accrued interest - related parties 61,455 91,500
CASH USED IN OPERATING ACTIVITIES (765,793) (722,215)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for construction in progress (171,050) 0
CASH USED IN INVESTING ACTIVITIES (171,050) 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from bank loan 0 45,000
Payments on bank loan (6,587) (2,000)
Payment of related party notes payable 0 (16,000)
Repayment line of credit short-term (2,486) 0
Borrowing on Notes payable - related party 0 657,257
Notes receivable (76,000) 0
Line of credit 0 (40,005)
Proceeds from sale of stock 25,000 10,000
Proceeds from convertible debentures 1,072,901 150,000
Proceeds from convertible debentures, related party 180,000 0
Payments on convertible debentures (227,500) 0
Payments on convertible debentures, related party (92,400) 0
CASH PROVIDED BY FINANCING ACTIVITIES 872,928 804,252
NET CHANGE IN CASH (63,915) 82,037
CASH AT BEGINNING OF YEAR 88,195 6,158
CASH AT YEAR END 24,280 88,195
INTEREST PAID 109,610 72,837
NON-CASH TRANSACTIONS    
Common Stock issued for debt settlement 0 566,129
Repayment of debt through issuance of bank loan 0 200,000
Shares issued upon conversion 79,304 0
Notes receivable for convertible debentures $ 131,200 $ 0