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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) $ 22,521 $ (363,406)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Deferred income taxes 284,220 (244,288)
Depreciation and amortization 112,265 109,447
Provision for inventory obsolescence (260,000)  
Gain on sale of asset   (3,600)
Amortization of debt discount 26,791 14,514
Increase in cash surrender value of life insurance 2,011  
Gain on proceeds from life insurance policy (300,029)  
Change in fair value of common stock warrant 63,695  
Non-cash stock-based compensation 46,494 49,028
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable 1,130,256 (1,092,481)
Decrease (increase) in inventories 584,560 (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 expenses 613,335 321,269
Net cash provided by (used in) operating activities 610,049 (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 options 20,464 9,925
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 policy 312,683  
Net cash provided by financing activities 278,057 1,432,129
Net increase in cash and cash equivalents 808,334 315,258
Cash and cash equivalents at beginning of period 123,955 173,048
Cash and cash equivalents at end of period 932,289 488,306
Taxes paid 0 0
Interest paid 173,882 49,221
Capitalized lease obligations $ 67,772