Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net loss $ (1,097,108) $ (439,637)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 17,726 17,725
Amortization of debt discount 343,454 13,333
Change in fair value of derivative liability (232,000) (35,000)
Change in fair value of warrant liability 47,000 (3,000)
Financing costs 608,699 0
Changes in operating assets and liabilities:    
Inventory (4,200) 0
Prepaid expenses and other current assets 4,024 157,500
Accounts payable 63,793 20,613
Other accrued expenses 37,448 41,976
Accrued interest - related parties 50,587 20,000
Cash used in operating activities (160,576) (206,490)
Cash flows from investing activities    
Cash paid for fixed assets (5,350) 0
Cash paid for construction in progress (68,527) 0
Cash used in investing activitites (73,877) 0
Cash flows from financing activities    
Payments on bank loan (1,862) (1,012)
Proceeds from sale of stock 15,400 25,000
Proceeds from convertible debentures 221,050 140,000
Payments on convertible debentures 0 (27,500)
Cash provided by financing activities 234,588 136,488
Net change in cash 135 (70,002)
Cash at beginning of period 24,280 88,195
Cash at end of period 24,415 18,193
Interest paid 19,287 20,355
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Shares issued upon conversion 515,750 0
Notes receivable issued as consideration for convertible debenture $ 55,000 $ 0