XML 15 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities:    
Net loss $ (1,121,918) $ (783,901)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and Amortization 12,448 5,536
Changes in assets and liabilities:    
Prepaid expenses and other receivables 93,889 (21,721)
Accounts payable and other liabilities 77,904 49,035
Prepayment to related party for clinical trials 249,459 (494,491)
Net cash used in operating activities (688,218) (1,245,542)
Cash Flows from Investing Activities:    
Decrease in restricted cash 0 85,462
Purchase of property and equipment (5,606) (57,222)
Purchase of intangible assets (50,334) (7,181)
Net Cash used in investing activities (55,940) 21,059
Cash Flows From Financing Activities:    
Advances from related party 239,717 0
Net proceeds from issuance of common stock 10,000,000 0
Net cash provided by financing activities 10,239,717 0
Net increase (decrease) in cash 9,495,559 (1,224,483)
Effect of exchange rate changes on cash 988 (35,050)
Cash at beginning of period 354,749 1,873,141
Cash at end of period $ 9,851,306 $ 613,608