Cash Flow

v3.6.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating Activities    
Net loss for the period $ (2,795,972) $ (3,750,175)
Adjustments to reconcile net loss to net cash used in operating activities:    
Accretion of discount on note payable and convertible debentures 249,459 251,697
Amortization of intangible assets 656,859 656,860
Depreciation 2,356
Gain on extinguishment of debt (171,501)
Impairment of goodwill 126,782
Imputed interest 675,000 675,000
Loss (gain) on change in fair value of derivative liabilities (196,091) 1,218,229
Stock-based compensation 353,577
Changes in operating assets and liabilities:    
Amounts receivable 491 599
Prepaid expenses (16,628) (119,313)
Due from related parties (22,692)
Advances receivable 25,000
Accounts payable and accrued liabilities 324,739 75,009
Due to related parties (305,060) 74,494
Net Cash Used In Operating Activities (1,427,539) (583,742)
Investing Activities    
Cash acquired on acquisition of subsidiary 50,064
Purchase of property and equipment (847,468)
Net Cash Provided by (Used In) Investing Activities (847,468) 50,064
Financing Activities    
Proceeds from issuance of common stock 3,430,500 1,125,000
Proceeds from related parties 19,804
Repayments to related parties (451,352) (145,375)
Repayment of loan payable (113,280)
Proceeds from convertible debentures 100,000
Net Cash Provided by Financing Activities 2,865,868 1,099,429
Effect of Foreign Exchange Rate Changes on Cash (163,229) (233,289)
Increase in Cash 427,632 332,462
Cash, Beginning of Period 40,108 1,270
Cash, End of Period 467,740 333,732
Non-cash Investing and Financing Activities:    
Convertible debentures settled with common stock 1,606,419
Reallocation of amount due to a related party to amounts receivable 11,257
Recognition of debt discount due to derivative 110,000
Supplemental Disclosures:    
Interest paid
Income taxes paid

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