XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Statement of Cash Flows [Abstract]    
Net (loss) income $ (232,869) $ 575,501
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities    
Deferred income taxes (61,917) 153,114
Depreciation and amortization 15,944 31,381
Non-cash lease expense 47,885 55,300
(Recovery of) provision for inventory obsolescence (25,048) 0
Non-cash stock-based compensation 6,235 6,168
(Increase) decrease in accounts receivable (323,287) 615,045
Decrease in inventories 149,617 386,646
(Increase) decrease in prepaid expenses & other assets (155,078) 3,514
(Decrease) in accounts payable and other accrued liabilities (67,351) (555,716)
Increase in accrued payroll, vacation pay and payroll taxes 14,243 84,842
Increase in deferred revenues 19,428 1,129
(Decrease) in operating lease liabilities (47,885) (55,300)
Increase in accrued legal damages 51,920 51,920
Net cash (used in) provided by operating activities (608,163) 1,353,544
Cash flows from investing activities:    
Purchases of equipment (11,733) 0
Net cash used in investing activities (11,733) 0
Payment of dividends (80,000) (80,000)
Net cash used in financing activities (80,000) (80,000)
Net (decrease) increase in cash and restricted cash (699,896) 1,273,544
6,960,740 5,496,325
Supplemental cash flow information:    
Taxes paid 0 0
Interest paid 0 0
6,260,844 6,769,869
Beginning of period    
Cash 4,949,690 3,485,275
Restricted cash 2,011,050 2,011,050
End of period    
Cash 4,249,794 4,758,819
Restricted cash $ 2,011,050 $ 2,011,050