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, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ 114,318 $ (2,151,546)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock based compensation 464,750 49,999
Depreciation expense 60,459 74,680
(Gain)/loss on extinguishment of debt (2,339,353) 319,369
Debt settlement expense 566,129 0
Amortization of debt discount 295,000 0
Change in fair value of derivative liability (11,000) 0
Change in fair value of warrant liability (4,000) 0
Financing costs 164,000 0
Changes in operating assets and liabilities:    
Accounts receivable 0 3,203
Prepaid expenses and other current assets (223,000) 0
Accounts payable (63,959) 387,047
Other accrued expenses 162,941 5,137
Accrued interest - related parties 91,500 106,739
CASH USED IN OPERATING ACTIVITIES (722,215) (1,205,372)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for purchase of fixed assets 0 (35,980)
CASH USED IN INVESTING ACTIVITIES 0 (35,980)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from bank loan 45,000 0
Payments on bank loan (2,000) 0
Payment of related party notes payable (16,000) (5,798)
Borrowing on debt 0 50,000
Borrowing on Notes payable - related party 657,257 134,750
Repayment of short-term debt 0 (12,407)
Line of credit (40,005) (1,758)
Proceeds from sale of stock  pre reverse acquisition 0 0
Proceeds from sale of stock post reverse acquisition 10,000 861,849
Proceeds from convertible debentures 150,000 0
CASH PROVIDED BY FINANCING ACTIVITIES 804,252 1,026,636
NET CHANGE IN CASH 82,037 (214,716)
CASH AT BEGINNING OF YEAR 6,158 220,874
CASH AT YEAR END 88,195 6,158
INTEREST PAID DURING YEAR 72,837 26,384
NON-CASH TRANSACTIONS    
Accrued interest settled with debt 0 23,927
Common Stock issued for debt settlement 566,129 0
Notes payable - related party settled with stock 0 35,000
Repayment of debt through issuance of bank loan $ 200,000 $ 35,000