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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income $ (116,234) $ 220,777  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation 169,237 190,005  
Amortization of debt issue costs 15,141 10,741  
Stock based compensation expense 55,500 30,625  
Change in contract loss provision (64,699) 120,393  
Deferred income taxes (37,360) 90,218  
Changes in operating assets and liabilities:      
Accounts receivable 73,771 144,381  
Contract assets (692,842) 1,517,221  
Inventories (79,834) 38,517  
Other current assets 187,261 78,219  
Accounts payable 370,914 (342,639)  
Accrued expenses 38,614 5,915  
Contract liabilities (288,712) (401,097)  
Net cash (used in) provided by operating activities (369,243) 1,703,276  
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of property, plant and equipment (41,768) (10,200)  
Net cash used in investing activities (41,768) (10,200)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Debt issue costs (8,282) 0  
Proceeds from payroll protection program 1,317,100 0  
Proceeds from revolver loan 1,000,000 0  
Repayment of revolver loan (1,000,000) 0  
Repayment of long-term debt (26,618) (199,533)  
Net cash provided by (used in) financing activities 1,282,200 (199,533)  
Effect of exchange rate on cash and cash equivalents (6) 164  
Net increase in cash and cash equivalents 871,183 1,493,707  
Cash and cash equivalents, beginning of period 930,856 2,036,646 $ 2,036,646
Cash and cash equivalents, end of period 1,802,039 3,530,353 $ 930,856
Cash paid during the year for:      
Interest 40,024 65,723  
Income taxes $ 0 $ 0  
SUPPLEMENTAL INFORMATION - NONCASH INVESTING AND FINANCING TRANSACTIONS:      
Options exercised to purchase common stock 150,000   20,000
Common stock, par value (in dollars per share) $ 0.0001   $ 0.0001