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Condensed Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net (loss) Income $ (2,857,000) $ 631,547
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation 269,107 259,662
Amortization of deferred financing costs 13,333 13,334
Change in inventory reserve 180,000 (26,000)
Change in allowance for bad debts 286,365 (31,006)
Stock based compensation 32,508 52,428
Change in net deferred tax assets (527,355) 178,771
Changes in operating assets and liabilities:    
Accounts receivable (377,461) (671,559)
Due from PNC Bank (151,659) (2,230,567)
Accounts receivable - related parties 188,941 868,217
Insurance receivable (1,268,463)
Inventories (1,756,966) 2,538,623
Prepaid expenses and other current assets 21,805 (136,308)
Other non-current assets (60,427) (78,559)
Accounts payable 4,198,902 (772,040)
Accrued expenses 704,433 248,841
Due to related parties 501,716 (413,675)
Refunds due to customers 775,400 (414,409)
Reserve for sales returns 327,846 170,154
Operating lease liabilities, net of operating leases - right of use assets (56,260)
Net cash provided by operating activities 444,765 187,454
Cash flows from investing activities    
Purchase of property and equipment (517,546) (288,741)
Net cash used in investing activities (517,546) (288,741)
Cash flows from financing activities    
Payment of bank term note (125,000) (500,000)
Proceeds from installment notes 365,340
Payments on installment notes (19,049)
Proceeds from subscription receivable 2,200
Proceeds from exercise of stock options 10,200 10,400
Payment on subordinated debt - related party (12,708)
Payments on finance leases (14,410) (11,613)
Net cash provided by (used by) financing activities 206,573 (501,213)
Net change in cash 133,792 (602,500)
Cash at beginning of year 211,408 813,908
Cash at end of year 345,200 211,408
Supplemental disclosures of cash flow information:    
Cash paid for interest 179,811 230,242
Equipment purchased under capital lease 43,526
Operating leases - right of use assets initial adoption 1,108,330
Operating lease liabilities - initial adoption $ 1,234,368