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

CONSOLIDATED STATEMENTS OF CASH FLOW

v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
 3 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES        
Net (loss) income $ (1,097,108) $ (439,637) $ (5,285,089) $ 114,318
Adjustments to reconcile net (loss) income to net cash used in operating activities        
Depreciation and amortization expense 17,726 17,725 70,894 60,459
(Gain)/loss on extinguishment of debt     0 (2,339,353)
Debt settlement expense     0 566,129
Amortization of debt discount 343,454 13,333 775,091 295,000
Change in fair value of derivative liability (232,000) (35,000) 1,600,000 (11,000)
Change in fair value of warrant liability 47,000 (3,000) 244,000 (4,000)
Financing costs related to convertible debentures 608,699 0 1,310,751 164,000
Shares issued for services     100,000 0
Changes in operating assets and liabilities:        
Inventory (4,200) 0    
Prepaid expenses and other current assets 4,024 157,500 145,301 (223,000)
Accounts payable 63,793 20,613 31,982 (63,959)
Other accrued expenses 37,448 41,976 179,822 162,941
Accrued interest - related parties 50,587 20,000 61,455 91,500
CASH USED IN OPERATING ACTIVITIES (160,576) (206,490) (765,793) (722,215)
CASH FLOWS FROM INVESTING ACTIVITIES        
Cash paid for fixed assets (5,350) 0    
Cash paid for construction in progress (68,527) 0 (171,050) 0
CASH USED IN INVESTING ACTIVITIES (73,877) 0 (171,050) 0
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from bank loan     0 45,000
Payments on bank loan (1,862) (1,012) (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 15,400 25,000 25,000 10,000
Proceeds from convertible debentures 221,050 140,000 1,072,901 150,000
Proceeds from convertible debentures, related party     180,000 0
Payments on convertible debentures 0 (27,500) (227,500) 0
Payments on convertible debentures, related party     (92,400) 0
CASH PROVIDED BY FINANCING ACTIVITIES 234,588 136,488 872,928 804,252
NET CHANGE IN CASH 135 (70,002) (63,915) 82,037
CASH AT BEGINNING OF YEAR 24,280 88,195 88,195 6,158
CASH AT YEAR END 24,415 18,193 24,280 88,195
Interest paid 19,287 20,355 109,610 72,837
Supplemental Disclosure of Non-Cash Investing and Financing Activities:        
Common Stock issued for debt settlement     0 566,129
Repayment of debt through issuance of bank loan     0 200,000
Shares issued upon conversion 515,750 0 79,304 0
Notes receivable issued as consideration for convertible debenture $ 55,000 $ 0 $ 131,200 $ 0