Condensed Consolidated Statements of Cash Flows - USD ($)
|
3 Months Ended |
Jun. 30, 2019 |
Jun. 30, 2018 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net loss |
$ (1,122,198)
|
$ (249,566)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Stock-based compensation |
194,428
|
0
|
| Depreciation and amortization |
6,714
|
1,395
|
| Increase/Decrease in current assets: |
|
|
| Other assets |
6,090
|
10,248
|
| Decrease in current liabilities: |
|
|
| Accounts payable and accrued expenses |
74,545
|
1,704
|
| Net cash used in operating activities |
(840,421)
|
(236,219)
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Purchase of property, plant and equipment |
(6,719)
|
(6,170)
|
| Net cash used in investing activities |
(6,719)
|
(6,170)
|
| Cash Flows from Financing Activities |
|
|
| Repayment to related party |
0
|
(516)
|
| Net cash used in financing activities |
0
|
(516)
|
| Net increase in cash and cash equivalents |
(847,140)
|
(242,905)
|
| Cash and cash equivalents, at the beginning of the period |
6,553,768
|
4,296,676
|
| Cash and cash equivalents, at the end of the period |
5,706,628
|
4,053,771
|
| SUPPLEMENTAL DISCLOSURES: |
|
|
| Cash paid during the year for: income tax |
0
|
0
|
| Cash paid during the year for: interest |
$ 0
|
$ 0
|