XML 19 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,386,864) $ (515,920)
Adjustment to reconcile net loss to net cash used in operating activities:    
Costs of reverse merger 376,366
Fair value of shares issued to consultants 232,778
Fair value of shares issued to the Company's Chief Executive Officer 375,000  
Depreciation 258
Amortization of intangible 224,512 19,956
Impairment of asset 893,667
Changes in operating assets and liabilities    
Accounts receivable (6,709) (5,677)
Inventory (6,375) (16,834)
Prepaid and other current assets 1,465 (16,920)
Other asset (5,500)
Accounts payable and accrued expenses 4,301 21,565
Net cash used in operating activities (673,467) (137,464)
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of equity investment (168,537) (300,000)
Acquisition of intangible asset (150,000)
Purchase of property and equipment (4,699)
Cash used in reverse merger (325,000)
Net cash used in investing activities (173,236) (775,000)
CASH FLOW FROM FINANCING ACTIVITIES    
Repurchase of shares previously issued (100,000)
Issuance of common stock for cash 795,000 1,125,101
Net cash provided by financing activities 695,000 1,125,101
NET CHANGE IN CASH (151,703) 212,637
CASH, BEGINNING OF PERIOD 212,637
CASH, END OF PERIOD 60,934 212,637
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Fair value of shares issued to consultants recorded as prepaid 109,000
Issuance of stock for intangible 988,134
Inventory acquired as part of asset purchase 5,865
Liabilities assumed in a reverse merger 51,366
Issuance of stock for extinguishment of due to former CEO $ 49,524