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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 563,122 $ 101,297
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 558,571 523,640
Amortization of debt issue costs 43,638 53,964
Stock based compensation expense 106,727 226,935
Change in contract loss provision 24,541 (43,815)
Deferred income taxes 177,104 904,243
Changes in operating assets and liabilities:    
Accounts receivable 1,299,194 261,084
Inventories (1,004,145) (385,013)
Contract assets (5,912,297) (65,500)
Other current assets (14,174) (87,682)
Other noncurrent assets and liabilities (7,245) (14,516)
Accounts payable 279,893 (106,273)
Accrued expenses 202,860 (28,712)
Contract liabilities 3,803,087 (66,121)
Net cash provided by operating activities 120,876 1,273,531
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (402,880) (914,648)
Proceeds from sale of equipment 0 80,000
Net cash used in investing activities (402,880) (834,648)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of long-term debt (569,809) (533,297)
Net cash used in financing activities (569,809) (533,297)
Effect of exchange rate on cash and cash equivalents 628 (713)
Net decrease in cash and cash equivalents (851,185) (95,127)
Cash and cash equivalents, beginning of period 2,689,110 3,066,156
Cash and cash equivalents, end of period 1,837,925 2,971,029
Cash paid during the year for:    
Interest expense 230,310 275,216
Income taxes $ 0 $ 30,000