Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net loss $ (1,651,981) $ (1,358,632)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 25,563 35,445
Amortization of debt discount 476,373 708,983
Change in fair value of derivative liability 39,000 (1,328,000)
Change in fair value of warrant liability 0 47,000
Financing costs related to convertible debentures 0 1,284,346
Default penalty 27,000 0
Changes in operating assets and liabilities:    
Inventory 0 (4,200)
Prepaid expenses and other current assets (72,826) (4,624)
Deposits (10,133) 0
Accounts payable 63,571 46,841
Other accrued expenses 37,268 74,896
Accrued interest - related parties 82,862 95,147
Cash used in operating activities (983,303) (402,798)
Cash flows from investing activities    
Cash paid for machinery and equipment (267,283) (5,350)
Cash paid for construction in progress (487,218) (76,427)
Cash used in investing activitites (754,501) (81,777)
Cash flows from financing activities    
Payments on bank loan (3,946) (3,748)
Repayment line of credit short-term (104,008) (1,244)
Notes receivable 0 112,000
Proceeds from sale of stock 1,774,001 15,400
Proceeds from sale of Series B Convertible Preferred stock 250,000 0
Proceeds from convertible debentures 100,000 465,800
Payments on convertible debentures (85,500) (123,038)
Payments on convertible debentures, related party (47,000) 0
Cash provided by financing activities 1,883,547 465,170
NET CHANGE IN CASH 145,743 (19,405)
CASH AT BEGINNING OF PERIOD 137,499 24,280
CASH AT END OF PERIOD 283,242 4,875
Interest paid 36,669 60,398
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Shares issued upon conversion 170,000 662,953
Shares issued upon exercise of warrants 0 150,000
Right of Use asset and Lease liability 275,400 0
Notes receivable for convertible debentures 0 90,000
Conversion of common shares to Series A Preferred Shares $ 0 $ 500