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 ($)
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities    
Net Loss $ (1,594,632) $ (1,287,598)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, Depletion, Amortization and Accretion 2,295 4,242
Bad debt Expense   17,694
Share-Based Compensation   27,690
Loss from Equity Method Investment 1,083,355  
Change in Fair Value of Derivative Liability   (5)
Changes in Components of Working Capital and Other Assets:    
Accounts Receivable (24,541) (12,995)
Other Current Assets (27,291) 117,073
Accounts Payable and Accrued Expenses (190,427) (165,007)
Net Cash Used in Operating Activities (751,241) (1,298,906)
Investing Cash Flows    
Cash Paid for Issuance of Notes Receivable (4,200,000)  
Cash Paid for Deposits   (75,000)
Net Cash Used in Investing Activities (4,200,000) (75,000)
Financing Cash Flows    
Proceeds from Issuance of Series C Preferred Stock 6,000,000  
Net Cash Provided by Financing Activities 6,000,000  
Increase (Decrease) in Cash 1,048,759 (1,373,906)
Cash at Beginning of the Period 656,615 7,778,723
Cash at End of the Period $ 1,705,374 $ 6,404,817