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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 293,000 $ 95,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 918,000 971,000
Amortization of debt issue costs and other assets 54,000 34,000
Amortization of operating leases right-of-use assets 156,000 144,000
Share-based compensation expense 178,000 361,000
Net (increase) decrease in assets:    
Accounts receivable 71,000 327,000
Inventories (421,000) 145,000
Prepaid expenses and other assets 73,000 51,000
Net increase (decrease) in liabilities:    
Accounts payable (8,000) (2,084,000)
Accrued expenses 129,000 (158,000)
Customer deposits (129,000) (322,000)
Operating lease obligations (156,000) (144,000)
Deferred rent and other liabilities (17,000) 1,000
Net cash provided by (used in) operating activities 1,141,000 (579,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in equipment and leasehold improvements (295,000) (86,000)
Net cash used in investing activities (295,000) (86,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on short-term contract obligation (38,000) (231,000)
Proceeds from long-term debt – related party 1,500,000
Proceeds from long-term debt – PPP loan 1,381,000
Principal payments on long-term debt (330,000) (297,000)
Payments on finance leases (17,000) (32,000)
Taxes paid related to net share settlement of restricted stock units (6,000) (25,000)
Proceeds from exercise of stock options 4,000
Net cash provided by financing activities 990,000 919,000
Net increase in cash 1,836,000 254,000
Cash at beginning of period 2,417,000 840,000
Cash at end of period 4,253,000 1,094,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 235,000 337,000
Income taxes $ 14,000