Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net loss $ (4,373,667) $ (5,613,421)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 27,402 26,365
Stock based compensation 887,607 1,880,150
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 376,909 558,198
Amortization of debt discount and deferred financing costs 215,376 65,637
Changes in operating assets and liabilities:    
Accounts receivable 0 199,471
Prepaid expenses and other current assets 23,014 21,522
Accounts payable and other current liabilities (219,806) 51,053
Due to related parties 6,600 (86,750)
Net cash used in operating activities (2,892,751) (2,551,934)
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 7,166,081 554,306
Proceeds from the issuance of convertible notes payable, net 0 577,460
Cash paid for repurchase of restricted stock units (198,527) (71,993)
Net cash provided by financing activities 6,967,554 1,059,773
Net increase (decrease) in cash 4,051,098 (1,495,122)
Cash at beginning of period 1,559,701 2,123,737
Cash at end of period 5,610,799 628,615
Supplemental disclosures of non-cash investing and financing activities:    
Issuance of shares under conversions of convertible notes payable and related accrued interest 362,765 61,766
Issuance of shares under vested restricted stock units 120 33
Recorded debt discount on convertible notes 0 863,868
Issuance of shares under cashless warrant exchanges 0 3
Reclassification of accrued interest to convertible notes payable $ 0 $ 85,031