Cash Flow

v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,407,059) $ (717,467)
Adjustment to reconcile net loss to net cash used in operating activities:    
Unrealized gain on equity investments (404,763)
Amortization of debt discount 437,805
Fair value of shares issued to consultants 649,302 112,333
Fair value of shares issued to officers and board member 756,250
Depreciation 878 44
Amortization of intangible 168,384
Changes in operating assets and liabilities    
Accounts receivable (5,436) 992
Inventory (41,031) (12,305)
Prepaid and other current assets 77,699 12,630
Other asset (5,500)
Accounts payable and accrued expenses 147,492 20,188
Net cash used in operating activities (788,863) (420,701)
CASH FLOWS FROM INVESTING ACTIVITIES    
Deposit on acquisition (550,000)
Acquisition of equity investments   (68,537)
Purchase of property and equipment (1,568)
Net cash used in investing activities (550,000) (70,105)
CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from issuance of convertible notes 1,444,500
Proceeds from issuance of common stock 75,000 695,000
Net cash provided by financing activities 1,519,500 695,000
NET CHANGE IN CASH 180,637 204,194
CASH, BEGINNING OF PERIOD 60,934 212,637
CASH, END OF PERIOD 241,571 416,831
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Fair value of common stock issued upon conversion of convertible notes 1,444,500
Fair value of beneficial conversion feature related to issuance of convertible notes $ 437,805

Source