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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (501,165) $ 1,371,092
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 585,361 182,678
Amortization of debt issue costs 13,399 8,824
Stock based compensation expense 52,107 33,500
Change in contract loss provision 18,402 (69,951)
Deferred income taxes (173,714) 26,580
Change in fair value of contingent consideration (33,474)  
PPP loan forgiveness   (1,317,100)
Changes in operating assets and liabilities:    
Accounts receivable 501,882 (547,344)
Contract assets (452,411) 716,600
Work-in-process and raw materials (665,192) 239,012
Other current assets 693,394 3,607
Accounts payable 481,208 (331,079)
Accrued expenses (85,348) (389,586)
Contract liabilities 21,083 210,215
Other noncurrent liabilities 993,203  
Net cash provided by operating activities 1,448,735 137,048
CASH FLOWS FROM INVESTING ACTIVITIES    
Fixed asset deposit (559,000)  
Purchases of property, plant and equipment (203,981) (4,198)
Net cash used in investing activities (762,981) (4,198)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt issue costs (6,268)  
Principal payments for leases (16,860)  
Net payments under revolver loan (987,002)  
Repayment of long-term debt (154,125) (27,166)
Net cash used in financing activities (1,164,255) (27,166)
Effect of exchange rate on cash and cash equivalents   (20)
Net (decrease) increase in cash and cash equivalents (478,501) 105,664
Cash and cash equivalents, beginning of period 1,052,139 2,130,711
Cash and cash equivalents, end of period 573,638 2,236,375
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION    
Interest $ 69,799 $ 32,746