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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 1,150,679 $ 154,530
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 515,804 339,232
Amortization of debt issue costs 18,096 31,086
Stock based compensation expense 62,066 112,917
Change in contract loss provision (100,497) (49,553)
Deferred income taxes (51,882) 73,942
PPP loan forgiveness (1,317,100)  
Changes in operating assets and liabilities:    
Accounts receivable (794,235) (388,317)
Contract assets 56,153 (1,475,912)
Inventories 505,814 126,457
Other current assets 141,765 320,847
Accounts payable (403,159) 25,308
Accrued expenses (1,588,991) 158,791
Contract liabilities 739,043 (168,854)
Net cash used in operating activities (1,066,444) (739,526)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Business acquisition, net of cash acquired (7,795,810)  
Purchases of property, plant and equipment (362,986) (354,788)
Net cash used in investing activities (8,158,796) (354,788)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Closing costs related to common stock sale (335,419)  
Proceeds from sale of common stock 3,523,000  
Proceeds from term loan 4,000,000  
Debt issue costs (109,532) (8,282)
Proceeds from payroll protection program loan   1,317,100
Revolver loan borrowings 865,049  
Payments of principal for leases (475,440)  
Repayments long-term debt (91,781) (53,614)
Net cash provided by financing activities 7,375,877 1,255,204
Effect of exchange rate on cash and cash equivalents (33) (133)
Net (decrease) increase in cash and cash equivalents (1,849,396) 160,757
Cash and cash equivalents, beginning of period 2,130,711 930,856
Cash and cash equivalents, end of period 281,315 1,091,613
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION    
Cash paid for interest, net of amounts capitalized $ 83,616 $ 78,834