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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 1,100,676 $ (265,908)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 749,755 704,284
Amortization of debt issue costs 55,247 70,041
Loss on disposal of equipment 3,428 20,000
Stock based compensation expense 137,352 303,175
Change in contract loss provision (143,105) 52,197
Deferred income taxes 423,357 825,382
Changes in operating assets and liabilities:    
Accounts receivable 436,539 75,794
Contract assets (2,334,418) 0
Inventories (263,622) 150,528
Other current assets 13,322 (28,443)
Other noncurrent assets (7,245) (17,742)
Accounts payable 263,377 (19,603)
Accrued expenses 246,501 (151,401)
Contract liabilities (149,855) (462,125)
Net cash provided by operating activities 531,309 1,256,179
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (446,652) (994,530)
Proceeds from disposition of equipment 35,309 80,000
Net cash used in investing activities (411,343) (914,530)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 182,400 0
Common stock repurchased (188,600) 0
Repayment of capital lease obligation (14,002) (19,940)
Repayment of long-term debt (752,352) (697,536)
Net cash used in financing activities (772,554) (717,476)
Effect of exchange rate on cash and cash equivalents 124 (1,219)
Net decrease in cash and cash equivalents (652,464) (377,046)
Cash and cash equivalents, beginning of period 2,689,110 3,066,156
Cash and cash equivalents, end of period 2,036,646 2,689,110
Cash paid during the year for:    
Interest 292,678 343,682
Income taxes $ 0 $ 32,227