Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (2,067,284) $ (1,152,376)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,868 8,109
Stock based compensation 326,536 263,162
Loss on debt extinguishment 447,011 0
Amortization of debt discount 30,287 30,287
Accretion of right-of-use asset 661 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 58,325 38,886
Accounts payable and other current liabilities (56,877) (6,499)
Due to related parties 10,788 0
Net cash used in operating activities (1,247,685) (818,431)
Cash flows from investing activities:    
Purchases of property and equipment (886) 0
Net cash used in investing activities (886) 0
Cash flows (used in) provided by financing activities:    
Proceeds from the issuance of common stock, net 36,622 0
Principal payments on convertible notes (100,000) 0
Tax withholding payments or tax equivalent payments for net share settlement of restricted stock units (23,771) (32,737)
Net cash provided by financing activities (87,149) (32,737)
Net decrease in cash (1,335,720) (851,168)
Cash at beginning of period 3,828,074  
Cash at end of period 2,492,354 6,122,902
Supplement disclosures of cash flow information:    
Interest 71,978 0
Supplemental information of non-cash investing and financing activities:    
Initial recognition of right-of-use lease asset and lease liability 228,694 0
Par value of shares issued for repurchase of vested restricted stock units $ 53 $ 22