XML 18 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES:    
Net income (loss) $ (1,378,910) $ (1,522,204)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 46,761 43,519
Stock-based compensation 452,497 398,411
Amortization of debt discount and beneficial conversion feature 125,174  
Loss on disposal 5,572  
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 15,002 (21,747)
Accounts payable (206,339) (12,960)
Accrued expenses (17,675) 28,117
Net cash used in operating activities (957,918) (1,086,864)
INVESTING ACTIVITIES:    
Purchase of property and equipment (877,697) (197,797)
Change in deposits (14,764) (4,717)
Net cash used in investing activities (892,461) (202,514)
FINANCING ACTIVITIES:    
Proceeds from issuance of common stock and warrants 1,293,804 1,308,165
Proceeds from non-controlling interest 70,000 300,000
Proceeds from notes payable   100,000
Cash used to purchase warrants   (56,000)
Other financing activities 630,076  
Net cash provided by financing activities 1,993,880 1,652,165
Net change in cash and cash equivalent 143,501 362,787
CASH AND CASH EQUIVALENT AT BEGINNING OF PERIOD 34,824  
CASH AND CASH EQUIVALENT AT END OF PERIOD 178,325 332,787
Non-cash transactions:    
Stock issued to settle payables 255,232  
Stock issued to upon partial conversion of long-term note payable $ 500,000  
Stock issued to settle advance   $ 150,000