Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited0

v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited0 - USD ($)
6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (4,400,002) $ (2,468,265)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 20,612 18,676
Stock based compensation 1,573,991 101,421
Warrant repricing expense 345,841 0
Loss on debt extinguishment 616,889 0
Amortization of debt discount and deferred financing costs 46,639 225,717
Changes in operating assets and liabilities:    
Accounts receivable 5,752 6,533
Prepaid expenses and other current assets (12,507) (35,777)
Accounts payable and other current liabilities 125,842 (144,533)
Due to related parties (86,750) 58,000
Net cash used in operating activities (1,763,693) (2,238,228)
Cash flows from investing activities:    
Purchases of property and equipment (2,961) 0
Net cash used in investing activities (2,961) 0
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net 266,612 5,591,988
Cash paid for tax withholding on vested restricted stock units (67,343) 0
Net cash provided by financing activities 199,269 5,591,988
Net (decrease) increase in cash (1,567,385) 3,353,760
Cash at beginning of period 2,123,737 855,596
Cash at end of period 556,352 4,209,356
Supplemental disclosures of non-cash investing and financing activities:    
Convertible note payable and accrued interest converted to common stock 32,321 0
Debt discount on convertible notes payable 75,994 0
Issuance of shares under vested restricted stock units 30 0
Reclassification of accrued interest to convertible notes payable 85,031 0
Cashless exercise of warrants $ 3 $ 5