XML 21 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements Of Cash Flows - USD ($)
9 Months Ended 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Mar. 31, 2016
Cash flows from operating activities:      
Net loss $ (13,017,508) $ (6,007,432) $ (6,938,351)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 452,127 728,459 950,145
Non-cash equity based compensation 287,293 546,288 595,854
Recovery of impaired assets     (585,800)
Loss (gain) on disposal of long-lived assets 39,247    
Impairment of inventories 7,166,916 0 9,906
Change in operating assets and liabilities:      
Accounts receivable (681,912) (140,624) 41,013
Other receivable   855,000 855,000
Costs and estimated earnings on uncompleted contracts 30,379 20,000 (10,379)
Inventories 194,790 351,888 232,706
Prepaid expenses and other current assets 12,915 (32,445) (6,149)
Accounts payable and other current liabilities 778,615 315,985 (7,463)
Billings in excess of costs and estimated earnings on uncompleted contracts   (24,178) (84,444)
Other long-term liabilities (147,222) (197,802) (156,135)
Net cash used in operating activities (4,884,360) (3,584,861) (5,104,097)
Cash flows from investing activities:      
Acquisition of property and equipment (47,954) (59,869) (144,522)
Cash paid for patent and trademark fees (18,496) (29,761) (32,103)
Net cash used in investing activities (66,450) (89,630) (176,625)
Cash flows from financing activities:      
Cash received for shares exercised under employee stock purchase plan 31,347 26,584 39,377
Issuance of common stock in registered direct offering, net of offering costs   5,843,463 5,778,463
Payment of employee tax withholdings in exchange for return of common stock (10,678) (92,591) (92,591)
Net cash provided by financing activities 20,669 5,777,456 5,725,249
(Decrease)/ increase in cash and cash equivalents (4,930,141) 2,102,965 444,527
Cash and cash equivalents at beginning of period 7,030,230 6,585,703 6,585,703
Cash and cash equivalents at end of period $ 2,100,089 $ 8,688,668 $ 7,030,230