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FORM 10-K
CONSULTING AGREEMENT
AMENDMENT TO CONSULTING AGREEMENT
DIRECTOR AGREEMENT AND NONQUALIFIED STOCK OPTION AGREEMENT
DIRECTOR AGREEMENT AND NONQUALIFIED STOCK OPTION AGREEMENT
DIRECTOR AGREEMENT AND NONQUALIFIED STOCK OPTION AGREEMENT
CERTIFICATION
CERTIFICATION
CERTIFICATION
CERTIFICATION
Income Taxes (Tables)
12 Months Ended
Mar. 31, 2016
Income Taxes Tables
Schedule of Deferred Tax Assets
2016
2015
Deferred tax asset:
Tax loss carryforward
$
3,833,589
$
3,163,345
Stock and warrant compensation
704,167
-
Depreciation and amortization
710,023
-
Derivative expense
518,139
-
Other
461,558
-
Valuation allowance
(6,227,476
)
(3,163,345
)
Net deferred tax asset
$
-
$
-
Schedule of Effective Income Tax Rate Reconciliation
2016
2015
Tax benefit at statutory rates
$
3,064,131
$
260,759
Change in valuation allowance
$
(3,064,131
)
$
(260,759
)
Net provision for income taxes
$
-
$
-
Schedule of Components of Income Tax Expense
2016
2015
Income tax expense (benefit) at federal statutory rate
(34.00
)%
(35.00
)%
State taxes, net of federal benefit
(4.63
)
-
Change in valuation allowance
38.63
%
35.00
%