XML 15 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,532,545) $ (477,863)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 8,639 758
Adjustment to reorganization expenses 0 34,472
Stock-based compensation 374,006 0
Increase/Decrease in current assets:    
Other assets (5,018) 0
Security deposits 0 (10,103)
Decrease in current liabilities:    
Accounts payable and accrued expenses 47,977 (92,101)
Net cash used in operating activities (1,106,941) (544,837)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (55,058) (13,032)
Purchase of intangible assets 0 (230)
Net cash provided by investing activities (55,058) (13,262)
Cash Flows from Financing Activities    
Proceeds from private placement 3,983,915 4,697,400
Repayment to related party, net (516) (21,256)
Proceeds from issuance of stock 19,800 0
Net cash provided by financing activities 4,003,199 4,676,144
Net increase in cash and cash equivalents 2,841,200 4,118,045
Cash and cash equivalents, at the beginning of the period 4,296,676 392,007
Cash and cash equivalents, at the end of the period 7,137,876 4,510,052
SUPPLEMENTAL DISCLOSURES:    
Cash paid during the year for: Income tax 0 800
Cash paid during the year for: Interest $ 0 $ 0