General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES:        
Net loss $ (2,892,200) $ (3,594,000) $ (5,940,900) $ (3,379,400)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 18,100 2,700 7,200 7,600
Gain on derivative liability valuation (798,200) 34,600 (162,800)
Stock based compensation 462,700 70,900 758,400 241,700
Loss on extinguishment of debt 2,337,400 (572,300) 630,000
Financing expenses 738,600 2,717,300 275,300
Note issued for litigation settlement     50,000  
Changes in operating assets and liabilities:        
Accounts receivable (2,100) 5,000 6,700 (2,500)
Prepaids and other (43,000) (66,300) 25,700 (4,900)
Accounts payable and accrued liabilities 316,800 (81,600) (182,900) (64,000)
Amortization of grant of common stock 526,200 6,900 76,300  
Security deposits 1,900 (9,400) (9,500)  
Deferred compensation 10,500 48,100 51,000 302,600
Net cash used in operating activities (1,601,100) (1,339,900) (2,978,400) (2,156,400)
INVESTING ACTIVITIES:        
Purchase of fixed assets (84,800) (1,000) (4,000)
Disposal of equipment       1,500
Intangible assets (3,600) (9,000) (78,300)
Net cash used in investing activities (88,400) (10,000) (82,300) 1,500
FINANCING ACTIVITIES:        
Repayment of a capital lease (600) (2,000) (3,200) (3,600)
Net proceeds from sale of common stock, private placement 2,981,300    
Net proceeds from sale of common stock, purchase agreement 145,000    
Net proceeds from issuance of secured convertible debt 1,360,000 2,950,000 1,350,000
Net cash provided by (used in) financing activities 3,125,700 1,358,000 2,946,800 1,346,400
NET DECREASE IN CASH 1,436,200 8,100 (113,900) (808,500)
CASH- BEGINNING OF YEAR 318,200 432,100 432,100 1,240,600
CASH- END OF YEAR 1,754,400 440,200 318,200 432,100
Cash paid during the period for:        
Interest 200 1,300 4,200 3,700
Finance Fees     (20,000)
Income taxes $ 32,400 $ 300 2,000 $ 4,900
Non-cash financing activity        
Conversion of convertible notes to common stock     6,266,800  
Conversion of Brandt litigation settlement convertible note to common stock     $ 50,200