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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended 12 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Sep. 30, 2015
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:          
Net income (loss) $ (4,088,625) $ (1,890,758) $ 1,028,106 $ 423,296 $ 414,560
Adjustment to reconcile net income to net cash provided by (used in) operating activities          
Depreciation 722,390 157,941 25,690 33,372 116
Provision for doubtful debts/ (written back), net   410,712   0 0
Stock, option, RSU and warrant expense 945,959 141,910 0 0 0
Changes in assets and liabilities:          
Accounts receivable (2,852,778) (2,301,220) (7,221,074) (44,282) (2,937,292)
Other current assets (285,831) (168,744) (278,512) (54,758) (125,864)
Security deposit 0 0 (16,837) (3,750) 0
Increase (decrease) in:          
Accounts payable and accrued expenses 2,561,321 (21,463) 555,782 133,783 2,802,825
Other current liabilities 0 0 1,670,333 146,791 0
Taxes payable 0 0 (84,971) 191,657 213,561
Net cash provided by operating activities (2,997,564) (3,671,622) (4,321,483) 826,109 367,906
Cash flows from investing activities:          
Purchase of fixed assets 3,261,617 (61,351) (3,131,972) (35,194) (3,200)
Goodwill 0 0 (3,470,522) 0 0
Acquisition consideration payable (8,779,040) 0 9,200,000 0 0
Payment towards capital expenditure (inclusive of intangibles)   (1,624,733)   (125,000) 0
Investments 82,908 174,184 0 (340,000) 0
Net cash used in investing activities (5,434,515) (1,511,900) 2,597,506 (500,194) (3,200)
Cash flows from financing activities:          
Net proceeds from debt issuance 2,501,212 0 5,000,000 0 0
Proceeds from loan funds 1,966,667 6,235,935 0 0 0
Increase in line of credit 0 0 250,000 0 0
Additional stock issued 5,000,000 0 159,521 125,000 10,000
Net cash provided by financing activities 9,467,879 6,235,935 5,409,521 125,000 10,000
Net increase in cash and cash equivalents 1,035,800 1,052,413 3,685,544 450,915 374,706
Cash and cash equivalents as at beginning of the year 1,878,034 825,621 1,381,058 374,706 0
Cash at the end of the year $ 2,913,834 $ 1,878,034 $ 5,066,602 $ 825,621 $ 374,706