Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited0

v3.6.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited0 - USD ($)
9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net loss $ (5,613,421) $ (3,701,297)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 26,365 28,587
Stock based compensation 1,880,150 152,133
Warrant repricing expense 345,841 0
Loss on debt extinguishment 558,198 0
Amortization of debt discount and deferred financing costs 65,637 360,636
Changes in operating assets and liabilities:    
Accounts receivable 199,471 191,673
Prepaid expenses and other current assets 21,522 (109,149)
Accounts payable and other current liabilities 51,053 (133,730)
Due to related parties (86,750) 9,000
Net cash used in operating activities (2,551,934) (3,202,147)
Cash flows from investing activities:    
Purchases of property and equipment (2,961) (9,307)
Net cash used in investing activities (2,961) (9,307)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net 554,306 5,606,755
Proceeds from the issuance of convertible notes payable, net 577,460 0
Cash paid for repurchase of restricted stock units (71,993) 0
Net cash provided by financing activities 1,059,773 5,606,755
Net (decrease) increase in cash (1,495,122) 2,395,301
Cash at beginning of period 2,123,737 855,596
Cash at end of period 628,615 3,250,897
Supplemental disclosures of non-cash investing and financing activities:    
Convertible note payable and accrued interest converted to common stock 61,766 0
Debt discount on convertible notes payable 863,868 0
Issuance of shares under vested restricted stock units 33 0
Reclassification of accrued interest to convertible notes payable 85,031 0
Cashless exercise of warrants $ 3 $ 5