XML 15 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Statements of Cash Flows - USD ($)
9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net loss $ (597,536) $ (1,033,575)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 243,867 293,726
Share-based compensation expense 56,396 46,954
(Recovery) provision for doubtful accounts, net (4,500) 5,000
Provision for inventory obsolescence, net 40,762 116,501
Change in operating assets and liabilities:    
Accounts receivable 107,910 (155,494)
Inventories 295,958 19,942
Prepaid expenses and other assets (16,996) (150,521)
Accounts payable (232,709) (84,810)
Accrued compensation and other accrued liabilities (160,351) (93,002)
Net cash (used in) operating activities (267,199) (1,035,279)
Cash flows from investing activities:    
Acquisition of property and equipment (36,104) (20,300)
Patent costs (20,125) (29,199)
Net cash (used in) investing activities (56,229) (49,499)
Cash flows from financing activities:    
Borrowings from credit facility 171,986 83,500
Net cash provided by financing activities 171,986 83,500
Net decrease in cash and cash equivalents (151,442) (1,001,278)
Cash and cash equivalents, beginning of period 258,656 1,689,580
Cash and cash equivalents, end of period $ 107,214 $ 688,302