Cash Flow

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,789,028) $ (2,407,059)
Adjustment to reconcile net loss to net cash used in operating activities:    
Change in fair value of equity investments 327,381 (404,763)
Amortization of debt discount 123,293 437,805
Change in fair value of derivative 34,977
Fair value of shares issued to consultants 321,000 649,302
Fair value of shares issued to officers and board member 151,000 756,250
Depreciation 120,724 878
Allowance for bad debt 33,457
Amortization of operating lease right-of-use asset 21,737
Changes in operating assets and liabilities    
Repayment of lease obligations (21,737)
Accounts receivable 53,748 (5,436)
Inventory (22,786) (41,031)
Prepaid and other current assets 45,972 77,699
Accounts payable and accrued expenses 782,547 147,492
Net cash used in operating activities (817,715) (788,863)
CASH FLOWS FROM INVESTING ACTIVITIES    
Deposit on acquisition (550,000)
Net cash used in investing activities (550,000)
CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from issuance of convertible notes 791,939 1,444,500
Proceeds from issuance of common stock 75,000
Net cash provided by financing activities 791,939 1,519,500
NET CHANGE IN CASH (25,776) 180,637
CASH, BEGINNING OF PERIOD 47,044 60,934
CASH, END OF PERIOD 21,268 241,571
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Fair value of common stock issued upon conversion of convertible notes and accrued interest 100,000 1,444,500
Fair value of beneficial conversion feature related to issuance of convertible notes 77,381 437,805
Initial recognition of operating lease right-of-use assets and operating lease obligations under adoption of ASC Topic 842 372,490
Recognition of derivative liability upon issuance of note payable $ 199,081

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