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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income (loss) $ (4,759,439) $ 1,004,153
Adjustments to reconcile net (loss) income to net cash (Used in) provided by operating activities:    
Deferred income taxes 2,643,633 798,345
Allowance for doubtful accounts 0 (17,295)
Depreciation and amortization 120,160 164,774
Amortization of deferred financing costs 5,429 5,429
Change in fair value of common stock warrant (321,203) 617,241
Provision for inventory obsolescence 40,000 60,713
Non-cash stock-based compensation 32,714 32,277
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable (102,021) 188,105
Decrease (increase) in inventories 430,853 (707,671)
(Increase) decrease in prepaid expenses and other assets (62,574) 153,279
Decrease in accounts payable (258,149) (1,125,312)
Increase in accrued legal damages 2,800,000 0
Increase in deferred revenues 255,224 69,210
(Decrease) increase in federal and state taxes payable (49,518) 53,623
(Decrease) increase in accrued payroll, vacation pay & withholdings (309,176) 242,475
Decrease in accrued expenses – related party and other (70,396) (50,754)
Decrease in other long-term liabilities (7,800) (25,200)
Net cash provided by operating activities 387,737 1,463,392
Cash flows from investing activities:    
Acquisition of equipment (88,069) (61,306)
Net cash used in investing activities (88,069) (61,306)
Cash flows from financing activities:    
Proceeds from line of credit 200,000 0
Proceeds from issuance of debt 0 18,000
Payment of warrant liability (720,000) 0
Repayment of subordinated notes - related parties (25,000) (225,000)
Repayment of long-term debt (428,700) (391,628)
Repayment of capitalized lease obligations (10,728) (16,757)
Net cash used in financing activities (984,428) (615,385)
Net (decrease) increase in cash (684,760) 786,701
Cash, beginning of year 972,633 185,932
Cash, end of year 287,873 972,633
Supplemental cash flow information:    
Taxes paid 50,000 0
Interest paid 228,358 59,100
Supplemental non-cash information:    
Capital lease obligations $ 0 $ 26,194