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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (751,289) $ 293,363
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization 415,429 237,237
Stock based compensation expense 282,719 249,061
Deferred income taxes (282,020) 41,355
Provision for contract losses 83,196  
Changes in operating assets and liabilities:    
Accounts receivable 219,289 2,516,457
Costs incurred on uncompleted contracts, in excess of progress billings (948,192) (5,620,879)
Inventories - raw materials (202,361) 319,823
Other current assets 61,199 (102,803)
Taxes receivable 553,070 (579,887)
Other noncurrent assets 88,126 (277,500)
Accounts payable 664,632 549,512
Accrued expenses (1,036,974) 98,757
Deferred revenues 931,453 1,311,233
Net cash provided by (used in) operating activities 78,277 (964,271)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (75,109) (2,337,533)
Net cash used in investing activities (75,109) (2,337,533)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercised stock options   35,511
Tax expense from share-based compensation   (1,030)
Repayment of long-term debt, including capital lease (683,928) (686,980)
Borrowings of long-term debt   1,618,325
Net cash (used in) provided by financing activities (683,928) 965,826
Effect of exchange rate on cash and cash equivalents (3,969) 6,836
Net decrease in cash and cash equivalents (684,729) (2,329,142)
Cash and cash equivalents, beginning of period 2,823,485 7,541,000
Cash and cash equivalents, end of period 2,138,756 5,211,858
Cash paid during the year for:    
Interest expense 140,138 170,987
Income taxes   764,306
SUPPLEMENTAL INFORMATION - NONCASH INVESTING AND FINANCING TRANSACTIONS:    
Series A Convertible Preferred Stock converted (in shares) 697,984 898,000
Common stock issued in conversion of Series A Preferred Stock (in shares) 912,400 1,173,861
Liability recorded for fair value of an interest rate swap contract in connection with a tax exempt bond 275,315 246,536
Tax on liability recorded for fair value of an interest rate swap contract in connection with a tax exempt bond 179,339 166,215
Capital lease arrangement for new office equipment 46,378  
Placed equipment into service which was under construction   $ 1,143,443