Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (3,154,128) $ (4,400,002)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 18,651 20,612
Stock based compensation 564,445 1,573,991
Warrant repricing expense 0 345,841
Common stock issued for services 33,600 0
Loss on share for warrant exchanges 130,214 0
Loss on debt extinguishment 376,909 616,889
Amortization of debt discount and deferred financing costs 185,089 46,639
Changes in operating assets and liabilities:    
Accounts receivable 0 5,752
Prepaid expenses and other current assets (54,186) (12,507)
Accounts payable and other current liabilities (194,421) 125,842
Due to related parties (9,250) (86,750)
Net cash used in operating activities (2,103,077) (1,763,693)
Cash flows from investing activities:    
Purchases of property and equipment (23,705) (2,961)
Net cash used in investing activities (23,705) (2,961)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net 1,650,314 266,612
Cash paid for repurchase of restricted stock units (163,161) (67,343)
Net cash provided by financing activities 1,487,153 199,269
Net decrease in cash (639,629) (1,567,385)
Cash at beginning of period 1,559,701 2,123,737
Cash at end of period 920,072 556,352
Supplemental disclosures of non-cash investing and financing activities:    
Issuance of shares under conversions of convertible notes payable and related accrued interest 362,765 32,321
Issuance of shares under vested restricted stock units 45 30
Recorded debt discount on convertible notes 0 75,994
Issuance of shares under cashless warrant exchanges 0 3
Reclassification of accrued interest to convertible notes payable $ 0 $ 85,031