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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net Income (loss) $ 2,201,070 $ (245,359)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation 138,888 119,049
Amortization of deferred financing costs 24,836 6,666
Change in inventory reserve 471,131
Change in allowance for bad debts 263,338 280,099
Stock based compensation 22,504
Change in net deferred tax assets 608,454 (54,591)
Gain from extinguishment of accounts payable 390,000
Changes in operating assets and liabilities:    
Accounts receivable (16,575,815) (14,759,924)
Due from banks 2,388,438 2,236,779
Accounts receivable - related parties 100,000 (913,720)
Insurance receivable 1,268,463 (1,247,981)
Inventories (1,071,606) (9,264,414)
Prepaid expenses and other current assets 136,856 16,667
Other non-current assets 52,712 (104,659)
Accounts payable 9,497,533 16,614,553
Accrued expenses (100,804) 827,153
Due to related parties (258,057) 259,767
Customer deposits 66,923
Refunds due to customers (685,910) 1,617,698
Reserve for sales returns 499,055 2,334,491
Operating lease liabilities, net of operating leases - right of use assets (22,562) (27,335)
Net cash used in operating activities (673,980) (2,215,634)
Cash flows from investing activities    
Purchase of property and equipment (84,975) (213,186)
Net cash used in investing activities (84,975) (213,186)
Cash flows from financing activities    
Net proceeds from revolving lines of credit 1,156,323 4,428,588
Proceeds from note payable - Payroll Protection Program 443,900
Payment of bank term note (125,000)
Payment of deferred financing charges (73,725)
Proceeds from installment note 175,840
Proceeds from subscription receivable 2,200
Proceeds from exercise of stock options 10,200
Payment on subordinated debt - related party (12,708)
Payments on installment notes (34,089)
Payments on finance leases (7,412) (7,136)
Net cash provided by financing activities 1,484,997 4,471,984
Net change in cash 726,042 2,043,164
Cash at beginning of period 345,200 211,408
Cash at end of period 1,071,242 2,254,572
Supplemental disclosures of cash flow information:    
Cash paid for interest 142,674 62,370
Operating leases - right of use assets initial adoption 1,108,330
Operating lease liabilities - initial adoption 1,234,368
Operating leases - right of use assets and lease liabilities at inception of lease $ 2,184,105