XML 22 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from (used in) operating activities:    
Net income (loss) $ 584,734 $ (198,312)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Extinguishment of debt income (598,567) 0
Depreciation and amortization 88,955 137,810
Stock-based compensation expense related to stock options 33,354 30,708
(Recovery from) provision for doubtful accounts, net change (23,000) 32,000
Provision for (recovery from) for inventory obsolescence, net change 31,000 (11,000)
Other income from release of account payable (56,435) 0
Change in operating assets and liabilities:    
Right of use asset, net 63,169 30,825
Accounts receivable (120,176) 95,912
Inventories 149,767 (142,358)
Prepaid expenses and other assets (82,460) 36,490
Accounts payable 700 (134,133)
Accrued compensation and other accrued liabilities 148,905 (107,426)
Net cash provided by (used in) operating activities 219,946 (229,484)
Cash flows (used in) investing activities:    
Acquisition of property and equipment (30,020) (48,324)
Patent costs (15,166) (5,906)
Net cash (used in) investing activities (45,186) (54,230)
Cash flows from (used in) financing activities:    
(Paydown of) borrowings from credit facility, net change (370,498) 370,498
Proceeds from secured notes 153,260 0
Proceeds from PPP loans 1,131,685 0
Net cash provided by (used in) financing activities 914,447 370,498
Net increase in cash 1,089,207 86,784
Cash, beginning of fiscal year 385,132 298,348
Cash, end of fiscal year 1,474,339 385,132
Supplemental disclosure of non-cash investing activity information:    
Acquisition of property and equipment through secured note payable 87,400 0
Lease asset 0 1,555,150
Lease liability 0 (1,619,842)
Supplemental disclosures of cash flow information:    
Cash paid during the year for interest 80,251 43,515
Property and equipment additions transferred from prepaid expenses $ 0 $ 20,887