Cash Flow

v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,363,158) $ (515,516)
Adjustment to reconcile net loss to net cash used in operating activities:    
Unrecognized gain on equity investments (404,763)
Amortization of debt discount 50,897 42,715
Change in fair value of derivative (4,254)
Fair value of shares issued to consultants 255,352
Fair value of shares issued to officers and board member 70,000
Depreciation 79,496 586
Allowance for bad debt 31,751
Changes in operating assets and liabilities    
Accounts receivable 65,830 1,321
Inventory (26,928) (22,598)
Prepaid and other current assets 43,637 107,500
Accounts payable and accrued expenses 287,158 241,893
Net cash used in operating activities (765,571) (293,510)
CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from issuance of convertible notes 791,939 164,500
Proceeds from issuance of common stock 75,000
Net cash provided by financing activities 791,939 239,500
NET CHANGE IN CASH 26,368 (54,010)
CASH, BEGINNING OF PERIOD 47,044 60,934
CASH, END OF PERIOD 73,412 6,924
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Fair value of shares issued to consultants recorded as prepaid 37,500
Fair value of beneficial conversion feature related to issuance of convertible notes 77,381 128,605
Fair value of conversion feature recorded as a derivative liability 199,081
Common stock to be issued upon conversion of note $ 100,000

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