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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (110,221) $ 1,150,679
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,116,602 515,804
Amortization of debt issue costs 26,747 18,096
Stock based compensation expense 298,957 62,066
Change in contract loss provision (26,628) (100,497)
Deferred income taxes (38,205) (51,882)
PPP loan forgiveness   (1,317,100)
Change in fair value for contingent consideration 63,436  
Changes in operating assets and liabilities:    
Accounts receivable 968,829 (794,235)
Contract assets (869,853) 56,153
Work-in-process and raw materials (281,929) 505,814
Other current assets 411,770 141,765
Accounts payable 272,554 (403,159)
Accrued expenses (1,243,082) (1,588,991)
Contract liabilities 41,086 739,043
Other noncurrent liabilities 993,203  
Net cash provided by (used in) operating activities 1,623,266 (1,066,444)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Business acquisition, net of cash acquired   (7,795,810)
Fixed asset deposit (574,143)  
Purchases of property, plant and equipment (499,341) (362,986)
Net cash used in investing activities (1,073,484) (8,158,796)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from term loan   4,000,000
Closing costs related to common stock sale   (335,419)
Proceeds from sale of common stock   3,523,000
Debt issue costs (18,862) (109,532)
Revolver loan payments and borrowings, net (1,012,002) 865,049
Payments of principal for leases (25,820) (475,440)
Repayments of long-term debt (309,853) (91,781)
Net cash (used in) provided by financing activities (1,366,537) 7,375,877
Effect of exchange rate on cash and cash equivalents   (33)
Net decrease in cash and cash equivalents (816,755) (1,849,396)
Cash and cash equivalents, beginning of period 1,052,139 2,130,711
Cash and cash equivalents, end of period 235,384 281,315
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:    
Cash paid for interest, net of amounts capitalized $ 135,041 $ 83,616