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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES:    
Net Income (Loss) $ 646,863 $ (1,309,768)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 4,843 808
Loss from investment in Hong Kong Joint Venture   742,791
Changes in operating assets and liabilities:    
(Increase) Decrease in accounts receivable and amounts due from factor (2,177,349) 940,750
Decrease (Increase) in inventories, prepaid expenses, and other 1,614,722 (181,382)
Increase in accounts payable and accrued expenses 144,989 138,201
NET CASH PROVIDED BY OPERATING ACTIVITIES 234,068 331,400
FINANCING ACTIVITIES:    
Net repayment of Line of Credit - Factor (402,869) (666,314)
Note payable - Commercial Bank 221,400  
NET CASH USED IN FINANCING ACTIVITIES (181,469) (666,314)
NET INCREASE (DECREASE) IN CASH 52,599 (334,914)
Cash at beginning of period 93,794 374,472
CASH AT END OF PERIOD 146,393 39,558
SUPPLEMENTAL INFORMATION:    
Interest paid 54,088 171,098
Supplemental disclosures of non-cash activities:    
Right-of-use asset in exchange for operating lease liability 485,000 $ 485,948
Conversion of trade accounts payable to note payable $ 1,081,440