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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net Income $ 280,464 $ 573,760
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 120,390 135,080
Amortization of deferred financing costs 7,813 26,297
Change in inventory reserve (93,447) 53,890
Change in allowance for bad debts 155,403 118,321
Loss from disposal of property and equipment 4,394
Stock based compensation 231,213 34,727
Change in net deferred tax assets 80,081 145,778
Paycheck Protection Plan loan forgiveness (448,242)
Gain - related party (11,236)
Gain from extinguishment of accounts payable (236,472)
Changes in operating assets and liabilities:    
Accounts receivable (8,011,050) (9,409,973)
Due from Crestmark Bank (976,166) 4,557,120
Accounts receivable - related parties 70,547 (70,880)
Inventories (1,767,353) (13,721,821)
Prepaid expenses and other current assets 186,171 23,155
Other non-current assets (107,400) 50,262
Accounts payable 4,742,478 16,409,171
Accrued expenses 811,932 381,213
Customer deposits (53,249)
Refunds due to customers (4,043) (46,686)
Reserve for sales returns 700,606 903,731
Operating lease liabilities, net of operating leases - right of use assets (7,844) 5,655
Net cash used in operating activities (3,580,205) (576,005)
Cash flows from investing activities    
Purchase of property and equipment (87,801) (77,599)
Net cash used in investing activities (87,801) (77,599)
Cash flows from financing activities    
Proceeds from Issuance of stock - net of transaction expenses 3,362,751 9,000,580
Payment of redemption and retirement of treasury stock (7,162,452)
Net proceeds from revolving lines of credit 1,977,006
Payment of deferred financing charges (37,501)
Payments on installment notes (36,372) (33,451)
Proceeds from exercise of stock options 4,800
Proceeds from exercise of pre-funded warrants 168,334
Proceeds from exercise of common warrants 865,202
Payment on subordinated note payable   (150,000)
Payments on finance leases (3,709) (4,440)
Net cash provided by financing activities 4,356,206 3,594,542
Net change in cash 688,200 2,940,938
Cash at beginning of year 2,290,483 396,579
Cash at end of period 2,978,683 3,337,517
Supplemental disclosures of cash flow information:    
Cash paid for interest 331,225 249,734
Equipment purchased under capital lease 23,651
Issuance of common stock and warrants for stock issuance expenses 547,838
Operating leases - right of use assets and lease liabilities at inception of lease $ 16,364