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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,296,776) $ (854,978)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 624,763 370,289
Stock based compensation expense 448,608 372,385
Deferred income taxes 103,760 91,188
Provision for contract losses 20,000 566,397
Changes in operating assets and liabilities:    
Accounts receivable 1,409,395 40,998
Costs incurred on uncompleted contracts, in excess of progress billings (991,660) (2,414,331)
Inventories - raw materials (100,916) 437,494
Other current assets (225,459) (226,468)
Taxes receivable 324,764 (869,047)
Other noncurrent assets 141,039 (224,376)
Accounts payable 1,086,040 218,335
Accrued expenses (1,058,854) (184,455)
Accrued taxes payable 43,224 157,703
Deferred revenues 122,579 (228,074)
Net cash provided by (used in) operating activities 650,507 (2,746,940)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (395,367) (2,342,542)
Net cash used in investing activities (395,367) (2,342,542)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercised stock options   35,511
Tax expense from share-based compensation   (1,030)
Repayments of long-term debt, including capital lease (1,065,558) (1,111,239)
Borrowings of long-term debt   1,699,397
Net cash (used in) provided by financing activities (1,065,558) 622,639
Effect of exchange rate on cash and cash equivalents 554 11,913
Net decrease in cash and cash equivalents (809,864) (4,454,930)
Cash and cash equivalents, beginning of period 2,823,485 7,541,000
Cash and cash equivalents, end of period 2,013,621 3,086,070
Cash paid during the year for:    
Interest expense 219,403 246,938
Income taxes   764,306
SUPPLEMENTAL INFORMATION - NONCASH INVESTING AND FINANCING TRANSACTIONS:    
Common stock issued in conversion of Series A Convertible Preferred Stock (in shares) 1,565,999 2,030,072
Series A Convertible Preferred Stock converted (in shares) 1,197,984 1,553,000
Liability recorded for fair value of an interest rate swap contract in connection with a tax exempt bond 259,960 243,844
Tax on liability recorded for fair value of an interest rate swap contract in connection with a tax exempt bond 169,335 164,400
Capital lease arrangement for new office equipment 46,378  
Placed equipment into service which was under construction   $ 2,172,420