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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows used in operating activities:    
Net income (loss) $ 203,038 $ (4,322,311)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Deferred income taxes 0 (63,500)
Depreciation and amortization 60,954 70,060
Amortization of deferred financing costs 0 3,363
Change in fair value of common stock warrant 43,500 (95,000)
Provision for inventory obsolescence 78,000 90,000
Non-cash stock-based compensation 24,016 30,273
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable (1,101,050) 461,333
Decrease (increase) in inventories 1,264,531 (151,755)
(Increase) decrease in prepaid expenses and other assets (127,484) 35,869
(Decrease) increase in accounts payable (1,249,509) 879,493
Increase in accrued legal damages 252,095 2,259,990
Increase in restricted cash for appeal bond (4,005) (2,000,866)
(Decrease) in deferred revenues (35,936) (78,966)
(Decrease) in federal and state taxes payable 0 (4,105)
Decrease in accrued payroll, vacation pay & withholdings (53,567) (79,550)
Increase (decrease) in accrued expenses – related party and other 162,919 (372,065)
Net cash used in operating activities (482,498) (3,337,737)
Cash flows from investing activities:    
Acquisition of equipment (121,790) (89,396)
Net cash used in investing activities (121,790) (89,396)
Cash flows from financing activities:    
Proceeds from line of credit 0 800,000
Repayment of line of credit (200,000) 0
Proceeds from short-swing profits from an investor, net of expenses 123,075 0
Proceeds from issuance of convertible preferred stock 1,000,000 3,000,000
Expenses associated with convertible preferred stock (31,744) (54,669)
Repayment of long-term debt (2,124) (291,991)
Repayment of capitalized lease obligations (6,875) (6,268)
Net cash provided by financing activities 882,332 3,447,072
Net increase in cash 278,044 19,939
Cash, beginning of year 307,812 287,873
Cash, end of year 585,856 307,812
Supplemental cash flow information:    
Taxes paid 0 0
Interest paid $ 82,483 $ 68,724