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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
6 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income (loss)$ 279,165$ (363,406)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:  
Deferred income taxes27,576(244,288)
Depreciation and amortization112,265109,447
Provision for inventory obsolescence(260,000) 
Gain on sale of asset (3,600)
Amortization of debt discount26,79114,514
Increase in cash surrender value of life insurance2,011 
Gain on proceeds from life insurance policy(300,029) 
Change in fair value of common stock warrant63,695 
Non-cash stock-based compensation46,49449,028
Changes in assets and liabilities:  
Decrease (increase) in accounts receivable1,130,256(1,092,481)
Decrease (increase) in inventories584,560(1,169,537)
(Increase) decrease in prepaid expenses & other(50,638)4,776
(Increase) decrease in other assets(42,100)8,302
(Decrease) increase in accounts payable(1,161,438)788,491
(Decrease) increase in accrued payroll, vacation pay & withholdings(26,629)145,740
Decrease in deferred revenues(11,063)(26,412)
(Decrease) increase in progress billings(424,202)446,090
Increase in accrued expenses613,335321,269
Net cash provided by (used in) operating activities610,049(1,026,581)
Cash flows from investing activities:  
Proceeds from the sale of capital asset 3,600
Purchases of equipment(79,772)(93,890)
Net cash used in investing activities(79,772)(90,290)
Cash flows from financing activities:  
Proceeds from the issuance of common stock 50,000
Proceeds from the exercise of stock options20,4649,925
Proceeds from long-term debt 2,500,000
Expenses associated with long-term debt (527,796)
Repayment of long-term debt(39,405) 
Repayment of capitalized lease obligations(15,685) 
Proceeds from borrowings from line of credit 400,000
Repayment of line of credit (1,000,000)
Proceeds from life insurance policy312,683 
Net cash provided by financing activities278,0571,432,129
Net increase in cash and cash equivalents808,334315,258
Cash and cash equivalents at beginning of period123,955173,048
Cash and cash equivalents at end of period932,289488,306
Taxes paid00
Interest paid173,88249,221
Capitalized lease obligations$ 67,772