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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net (loss) income $ (2,362,146) $ 280,464
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation 234,448 120,390
Change in inventory reserve 132,386 466,000
Change in allowance for bad debts 77,426 155,403
Gain from disposal of property and equipment (44,296)
Stock based compensation 99,259 231,213
Amortization of right of use assets 433,086 417,068
Deferred taxes 80,081
Changes in operating assets and liabilities:    
Accounts receivable (8,904,041) (8,011,050)
Due from banks (152,148) (976,166)
Accounts receivable - related parties 74,155 70,547
Inventories (3,535,021) (2,326,800)
Prepaid expenses and other current assets 47,393 193,984
Other non-current assets (91,499) (107,400)
Accounts payable 10,757,137 4,742,478
Accrued expenses 482,078 811,932
Refunds due to customers 721,948 (4,043)
Reserve for sales returns 1,389,251 700,606
Operating lease liabilities (533,237) (424,912)
Net cash used in operating activities (1,173,821) (3,580,205)
Cash flows from investing activities    
Purchase of property and equipment (67,978) (87,801)
Disposal of property and equipment 53,860
Net cash used in investing activities (14,118) (87,801)
Cash flows from financing activities    
Proceeds from issuance of stock, net of offering costs 1,603,895 3,362,750
Collection of subscriptions receivable 5,891
Payments on installment notes (103,857) (36,372)
Proceeds from exercise of common stock warrants 865,203
Proceeds from exercise of pre-funded warrants 168,334
Payments on finance leases (3,709)
Net cash provided by financing activities 1,505,929 4,356,206
Net change in cash 317,990 688,200
Cash at beginning of year 2,894,574 2,290,483
Cash at end of period 3,212,564 2,978,683
Supplemental disclosures of cash flow information:    
Cash paid for interest 6,280 331,225
Right of use assets exchanged for lease liabilities $ 3,874,496