Cash Flow

v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (507,928) $ (401,757)
Adjustment to reconcile net loss to net cash used in operating activities:    
Unrecognized gain on equity investments (158,929)
Amortization of debt discount 21,957 1,799
Fair value of shares issued to consultants 193,760
Depreciation 39,749 293
Allowance for bad debt 25,000
Changes in operating assets and liabilities    
Accounts receivable 76,420 (1,419)
Inventory (36,617) (25,319)
Prepaid and other current assets 16,489 109,771
Accounts payable and accrued expenses (34,112) 119,765
Net cash used in operating activities (399,043) (162,036)
CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from issuance of convertible notes 389,939 29,500
Proceeds from issuance of common stock 75,000
Net cash provided by financing activities 389,939 104,500
NET CHANGE IN CASH (9,104) (57,536)
CASH, BEGINNING OF PERIOD 47,044 60,934
CASH, END OF PERIOD 37,940 3,398
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Fair value of shares issued to consultants recorded as prepaid 83,166
Fair value of beneficial conversion feature related to issuance of convertible notes $ 77,381 $ 28,705

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