Cash Flow

v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (515,516) $ (374,611)
Adjustment to reconcile net loss to net cash used in operating activities:    
Unrealized gain on equity investments (404,763)
Non-cash interest expense 42,715
Fair value of shares issued to consultants 255,352 50,000
Depreciation 586
Amortization of intangible 112,256
Changes in operating assets and liabilities    
Accounts receivable 1,321 (3,392)
Inventory (22,598) (7,648)
Prepaid and other current assets 107,500 1,382
Accounts payable and accrued expenses 241,893 11,805
Net cash used in operating activities (293,510) (210,208)
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of equity investment (50,000)
Net cash used in investing activities (50,000)
CASH FLOW FROM FINANCING ACTIVITIES    
Issuance of convertible note 164,500
Issuance of common stock for cash 75,000 195,055
Net cash provided by financing activities 239,500 195,055
NET CHANGE IN CASH (54,010) (65,153)
CASH, BEGINNING OF PERIOD 60,934 212,637
CASH, END OF PERIOD 6,924 147,484
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 128,605
Increase in cash held in trust account from sale of common stock $ 499,945

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