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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 345,100 $ 792,688
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 372,060 351,422
Amortization of debt issue costs 29,846 37,038
Stock based compensation expense 96,518 150,697
Change in contract loss provision 15,255 29,139
Deferred income taxes 142,403 507,376
Changes in operating assets and liabilities:    
Accounts receivable 629,238 (305,150)
Inventories (1,142,803) (1,175,103)
Contract assets (3,501,075) 0
Other current assets 19,924 (124,537)
Other noncurrent assets and liabilities 0 (9,678)
Accounts payable 685,733 15,010
Accrued expenses 121,343 88,319
Contract liabilities 1,503,079 184,742
Net cash (used in) provided by operating activities (683,379) 541,963
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (228,148) (808,386)
Deposit for fixed assets 0 (36,987)
Proceeds from sale of equipment 0 80,000
Net cash used in investing activities (228,148) (765,373)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of long-term debt (377,323) (352,509)
Net cash used in financing activities (377,323) (352,509)
Effect of exchange rate on cash and cash equivalents 978 (611)
Net decrease in cash and cash equivalents (1,287,872) (576,530)
Cash and cash equivalents, beginning of period 2,689,110 3,066,156
Cash and cash equivalents, end of period 1,401,238 2,489,626
Cash paid during the year for:    
Interest expense 155,787 185,415
Income taxes $ 0 $ 30,000