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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Net income (loss) $ 1,701,587 $ (298,030)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 74,353 52,615
Amortization of right of use assets 150,783 0
Provision for inventory obsolescence 57,000 55,000
Change in fair value of common stock warrant 73,000 23,000
Non-cash stock-based compensation 16,393 18,597
Changes in assets and liabilities:    
Increase in accounts receivable (616,640) (1,176,461)
(Increase) decrease in inventories (193,247) 1,120,658
(Increase) in prepaid expenses & other assets (86,996) (92,644)
Decrease in accounts payable and accrued liabilities (165,350) (783,601)
Increase (decrease) in accrued payroll, vacation pay and payroll taxes 93,591 (132,288)
Increase (decrease) in deferred revenues 185,522 (31,353)
Decrease in operating lease liabilities (150,783) 0
Increase in accrued legal damages 258,761 156,657
Net cash provided by (used in) operating activities 1,397,974 (1,087,850)
Cash flows from investing activities:    
Purchases of equipment (102,341) 0
Net cash used in investing activities (102,341) 0
Cash flows from financing activities:    
Repayment of long-term debt 0 (2,124)
Repayment of line of credit (90,000) (180,000)
Payment of warrant liability (116,500) 0
Proceeds from issuance of preferred stock, net of expenses 0 987,925
Proceeds from short-swing profits from an investor 0 143,382
Repayment of finance lease obligations (4,950) (5,097)
Net cash (used in) provided by financing activities (211,450) 944,086
Net increase (decrease) in cash, cash equivalents and restricted cash 1,084,183 (143,764)
Cash, cash equivalents and restricted cash at beginning of period 2,590,727 2,308,678
Taxes paid 0 0
Interest paid 35,080 41,475
Cash, cash equivalents and restricted cash at end of period 3,674,910 2,164,914
Cash and cash equivalents 585,856 307,812
Restricted cash 2,004,871 2,000,866
Cash and cash equivalents 1,667,364 161,031
Restricted cash $ 2,007,546 $ 2,003,883