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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 23,754 $ 245,999
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,666,741 978,517
Amortization of debt issue costs 39,961 34,588
Stock based compensation expense 307,619 141,176
Change in contract loss provision 100,880 (66,232)
Deferred income taxes 8,785 (386,413)
PPP loan forgiveness   (1,317,100)
Change in fair value for contingent consideration 63,436  
Gain on sale of fixed asset (468)  
Changes in operating assets and liabilities:    
Accounts receivable 81,842 (575,181)
Contract assets (1,006,010) (871,339)
Work-in-process and raw materials (57,450) 477,936
Other current assets 435,435 215,334
Other noncurrent assets   (50,633)
Accounts payable (166,749) (611,045)
Accrued expenses (1,741,606) (1,282,269)
Contract liabilities 139,944 1,418,010
Other noncurrent liabilities 974,737  
Net cash provided by (used in) operating activities 870,851 (1,648,652)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Business acquisition, net of cash acquired   (7,795,810)
Proceeds from sale of fixed assets 7,000  
Fixed asset deposit (605,200)  
Purchases of property, plant, and equipment (663,033) (436,531)
Net cash used in investing activities (1,261,233) (8,232,341)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from term loan   4,000,000
Closing costs related to common stock sale   (335,419)
Proceeds from sale of common stock   3,523,000
Debt issue costs (43,945) (116,511)
Revolver loan payments and borrowings, net 187,998 1,978,221
Payments of principal for leases (31,058) (493,015)
Repayments of long-term debt (458,567) (243,510)
Net cash (used in) provided by financing activities (345,572) 8,312,766
Effect of exchange rate on cash and cash equivalents   (25)
Net decrease in cash and cash equivalents (735,954) (1,568,252)
Cash and cash equivalents, beginning of period 1,052,139 2,130,711
Cash and cash equivalents, end of period 316,185 562,459
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:    
Cash paid for interest; net of amounts capitalized $ 216,881 $ 152,498