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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 792,688 $ 991,385
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 351,422 353,488
Amortization of debt issue costs 37,038 90,049
Stock based compensation expense 150,697 22,910
Change in contract losses 29,139 (40,532)
Deferred income taxes 507,376 0
Changes in operating assets and liabilities:    
Accounts receivable (305,150) 1,118,019
Costs on uncompleted contracts, in excess of progress billings (1,116,108) 240,431
Inventories - raw materials (58,995) 3,005
Other current assets (124,537) 152,051
Other noncurrent assets and liabilities (9,678) (819)
Accounts payable 15,010 (406,463)
Accrued expenses 88,319 (170,369)
Accrued taxes 0 20,958
Billings on uncompleted contracts, in excess of related costs 184,742 (945,358)
Net cash provided by operating activities 541,963 1,428,755
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of equipment 80,000 0
Deposit for fixed assets (36,987) 0
Purchases of property, plant and equipment (808,386) (114,856)
Net cash used in investing activities (765,373) (114,856)
CASH FLOWS FROM FINANCING ACTIVITIES    
Deferred loan costs 0 (145,995)
Borrowings of long-term debt 0 3,011,648
Repayment of long-term debt (352,509) (2,673,432)
Net cash (used in) provided by financing activities (352,509) 192,221
Effect of exchange rate on cash and cash equivalents (611) 42
Net (decrease) increase in cash and cash equivalents (576,530) 1,506,162
Cash and cash equivalents, beginning of period 3,066,156 1,332,166
Cash and cash equivalents, end of period 2,489,626 2,838,328
Cash paid during the period for:    
Interest 185,415 479,179
Income taxes $ 30,000 $ 20,000