Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (unaudited)

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Consolidated Statements of Cash Flows (unaudited) - USD ($)
6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating Activities    
Net loss for the period $ (2,086,420) $ (1,558,092)
Adjustments to reconcile net loss to net cash used in operating activities:    
Accretion of discount on note payable 215,276 250,150
Amortization of intangible assets 731,527 361,847
Imputed interest $ 450,000 141,182
Changes in operating assets and liabilities:    
Accounts receivable   $ 188,283
VAT receivable $ (4,061)  
Accounts payable and accrued liabilities 137,984 $ (126,836)
Due to related parties 199,846 557,465
Net Cash Used In Operating Activities $ (355,848) (186,001)
Investing Activities    
Cash acquired on acquisition of subsidiary   16,263
Net Cash Provided by Investing Activities   16,263
Financing Activities    
Proceeds from related parties   $ 14,876
Repayments to related parties $ (76,638)  
Proceeds from the issuance of common shares   $ 100,000
Proceeds from convertible debentures $ 300,000  
Net Cash Provided by Financing Activities 223,362 $ 114,876
Effect of Foreign Exchange Rate Changes on Cash (44,514) (35,228)
Decrease in Cash (177,000) (90,090)
Cash, Beginning of Period 205,571 93,228
Cash, End of Period $ 28,571 3,138
Non-cash Investing and Financing Activities:    
Debt settled with the acquisition of intangible assets   330,842
Common stock issued for acquisition of intangible asset   $ 26,280,460
Supplemental Disclosures:    
Interest paid    
Income taxes paid