Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net loss for the period $ (1,013,580) $ (738,405)
Adjustments to reconcile net loss to net cash used in operating activities:    
Accretion of discounts on note payable and convertible debenture 33,438 79,556
Amortization of intangible assets 218,953 218,953
Depreciation 2,356
Imputed interest 225,000 225,000
Loss (gain) on change in fair value of derivative liabilities 105,060 (257,237)
Changes in operating assets and liabilities:    
Amounts receivable 20,723 274
Prepaid expenses (135,567) (37,705)
Due from related party (94) (1,118)
Accounts payable and accrued liabilities (137,618) (29,313)
Due to related parties 63,837 141,086
Net Cash Used In Operating Activities (617,492) (398,909)
Investing Activities    
Purchase of property and equipment (87,647)
Net Cash Used In Investing Activities (87,647)
Financing Activities    
Proceeds from issuance of common stock and share subscriptions received 1,170,000 905,500
Proceeds from related parties 249
Repayments to related parties (331,783) (319,512)
Repayment of loan payable (30,917)
Net Cash Provided by Financing Activities 807,300 586,237
Effect of Foreign Exchange Rate Changes on Cash 43,311 (76,768)
Increase in Cash 145,472 110,560
Cash, Beginning of Period 382,167 40,108
Cash, End of Period 527,639 150,668
Supplemental Disclosures:    
Interest paid
Income taxes paid