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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities    
Net Income (loss) $ 3,368,365 $ (1,003,308)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 204,353 196,210
Amortization of deferred financing costs 43,268 10,000
Change in inventory reserve 482,926 150,000
Change in allowance for bad debts (55,960) 133,024
Stock based compensation 17,605 27,506
Gain - related party (187,988)
Change in net deferred tax assets 872,386 (294,633)
Gain from extinguishment of accounts payable 390,000
Changes in operating assets and liabilities:    
Accounts receivable (7,055,589) (6,125,452)
Due from banks (1,172,374) (211,089)
Accounts receivable - related parties 100,000 (895,217)
Insurance receivable 1,268,463 (1,286,158)
Inventories 1,781,439 (2,228,603)
Prepaid expenses and other current assets 111,305 134,598
Other non-current assets 52,712 67,023
Accounts payable (1,469,770) 5,742,186
Accrued expenses 579,732 1,780,393
Due to related parties (184,312) 399,672
Refunds due to customers (704,744) 479,758
Reserve for sales returns 1,742,434 3,650,163
Operating lease liabilities, net of operating leases - right of use assets (18,755) (41,797)
Net cash provided by operating activities 165,496 684,275
Cash flows from investing activities    
Purchase of property and equipment (88,843) (517,546)
Net cash used in investing activities (88,843) (517,546)
Cash flows from financing activities    
Net proceeds from revolving lines of credit 64,915
Proceeds from note payable - Payroll Protection Program 443,900
Payment of bank term note (125,000)
Payment of deferred financing charges (73,726)
Proceeds from installment notes 283,840
Payments on installment notes (48,802) (7,304)
Proceeds from subscription receivable 2,200
Proceeds from exercise of stock options 26,400 10,200
Payment on subordinated debt - related party (12,708)
Payments on finance leases (11,167) (10,757)
Net cash provided by financing activities 401,520 140,471
Net change in cash 478,173 307,200
Cash at beginning of period 345,200 211,408
Cash at end of period 823,373 518,608
Supplemental disclosures of cash flow information:    
Cash paid for interest 429,264 167,954
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