Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
|
6 Months Ended |
Sep. 30, 2017 |
Sep. 30, 2016 |
| Cash Flows from Operating Activities: |
|
|
| Net loss |
$ (800,818)
|
$ (816,665)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and Amortization |
15,031
|
11,037
|
| Changes in assets and liabilities: |
|
|
| Prepaid expenses and other receivables |
(17,347)
|
86,705
|
| Accounts payable |
72,401
|
(50,241)
|
| Liability due to related party |
(221,735)
|
0
|
| Other liabilities and accrued expenses |
39,147
|
0
|
| Advances from related party |
0
|
270,210
|
| Interest receivable |
(54,295)
|
0
|
| Net cash used in operating activities |
(967,616)
|
(498,954)
|
| Cash Flows From Investing Activities: |
|
|
| Purchase of intangible assets |
(25,245)
|
(55,564)
|
| Purchase of property and equipment |
0
|
(6,842)
|
| Fixed rate savings account |
639,460
|
0
|
| Net cash provided by (used in) investing activities |
614,215
|
(62,406)
|
| Net decrease in cash |
(353,401)
|
(561,360)
|
| Effect of exchange rate changes on cash |
39,581
|
(524,323)
|
| Cash at beginning of period |
911,359
|
9,403,965
|
| Cash at end of period |
$ 597,539
|
$ 8,318,282
|