Announced that Aquadex therapy helps COVID-19 patients by managing fluid overload when dialysis equipment is in brief provide. However even if you’ve handled the install process for a WordPress site earlier than, and you recognize find out how to update every thing on a regular basis, we make managing WordPress easy. We're going to have -- we are in a means of propagating and placing 100,000 plants in that facility and getting ready to be transplanted to out of doors space. I used to be wondering if you could provide some color by way of the gross margin on the grownup-use facet, and the way you anticipate that to pattern in the coming quarters in addition to the dimensions-up of Niagara, whether or not which may see a bit of a headwind, as you go through that process? So, any colour you may provide on that and how you assume that might development over the next month or two can be helpful.
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Subsequent to quarter end, announced the closing of two registered direct choices for internet proceeds of roughly $3.5 million, and warrant exercises of roughly $1.Zero million, for total professional forma cash balance as of March 31, 2020 of $10.1 million. Income for the first quarter ended March 31, 2020, was $1.6 million, an increase of 34 % in comparison with the identical period of the prior yr. If I recall appropriately, I think there was about a $1.6 million add-again of onetime transaction-associated costs. Ended the quarter with $5.7 million in cash and no debt. I just want so as to add to that as well Graeme is that the -- initially, we don't plant anything that we're not forecasting that’s selling, and that includes our 4 million square ft that we're anticipating on our outdoor and our 160,000 that we expect we'll get this year on our -- that’s hybrid modern and greenhouse facility.
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One is, as Geoff alluded to, will probably be a support system to arrange for out of doors progress and it will also permit us to create lower value, high quality, flower and strains for medical and the recreational market, decrease cost in comparison with the indoor. The Aquadex SmartFlow system is indicated for non permanent (up to eight hours) or extended (longer than eight hours in patients who require hospitalization) use in adult and pediatric patients weighing 20 kg or more whose fluid overload is unresponsive to medical administration, together with diuretics. CE Mark within the EU for grownup and pediatric patients who weigh 20 kg or more and for the next era Aquadex console, the Aquadex SmartFlow. On that very same word, our crew of teachers (who teach the totally different subjects to the identical students) have pre-printed birthday playing cards with our signatures. The prospect draft with be a straight draft for every spherical starting with the draft spot for the bottom finishing crew in the common season (12th place).