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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 106,358 $ (390,014)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation 521,422 548,038
Amortization of debt issue costs 45,099 31,280
Stock based compensation expense 146,417 81,667
Change in contract loss provision (175,365) 216,039
Deferred income taxes 60,573 (115,092)
Changes in operating assets and liabilities:    
Accounts receivable (183,076) 257,459
Contract assets (810,032) (271,767)
Inventories 19,129 589,904
Other current assets 164,127 (296,328)
Other noncurrent assets 38,092 (9,419)
Accounts payable 325,369 (138,463)
Accrued expenses (101,028) 18,282
Contract liabilities (496,691) 87,815
Net cash (used in) provided by operating activities (339,606) 609,401
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (546,890) (35,225)
Net cash used in investing activities (546,890) (35,225)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt issue costs (24,610) (32,209)
Proceeds from payroll protection program loan 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 (81,352) (610,515)
Net cash provided by (used in) financing activities 1,211,138 (642,724)
Effect of exchange rate on cash and cash equivalents (178) 307
Net increase (decrease) in cash and cash equivalents 324,464 (68,241)
Cash and cash equivalents, beginning of period 930,856 2,036,646
Cash and cash equivalents, end of period $ 1,255,320 $ 1,968,405