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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 320,631 $ (341,569)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 704,049 717,579
Amortization of debt issue costs 51,399 59,502
Gain on disposal of equipment (1,425)  
Stock based compensation expense 179,917 90,917
Change in contract loss provision (121,316) 227,688
Deferred income taxes 181,065 (73,041)
Provision for claims settlement   495,000
Changes in operating assets and liabilities:    
Accounts receivable 382,241 20,143
Contract assets (1,027,787) (113,789)
Inventories (53,542) 22,702
Other current assets 226,714 (146,185)
Accounts payable 315,783 (424,017)
Accrued expenses 65,018 77,747
Contract liabilities (586,897) 64,102
Net cash provided by operating activities 635,850 676,779
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (546,890) (39,831)
Proceeds from sale of fixed assets 9,582  
Deposit for fixed assets (70,623)  
Net cash used in investing activities (607,931) (39,831)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock transactions 0 9,051
Proceeds from revolver loan 1,000,000  
Repayment of revolver loan (1,000,000)  
Deferred loan costs (24,610) (41,628)
Proceeds from payroll protection program loan 1,317,100  
Repayment of long-term debt (120,441) (1,710,500)
Net cash provided by (used in) financing activities 1,172,049 (1,743,077)
Effect of exchange rate on cash and cash equivalents (113) 339
Net increase (decrease) in cash and cash equivalents 1,199,855 (1,105,790)
Cash and cash equivalents, beginning of period 930,856 2,036,646
Cash and cash equivalents, end of period 2,130,711 930,856
Cash paid during the year for:    
Interest $ 135,320 $ 232,492