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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (7,042,172) $ (979,006)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 2,429,377 2,217,472
Amortization of debt issue costs 106,840 59,916
Gain on disposal of equipment (39,129) (468)
Stock based compensation and restricted stock awards 284,925 253,079
Change in contract loss provision 190,370 (237,318)
Deferred income taxes 1,931,186 195,584
Stock based acquisition termination fee 1,116,800  
Stock based expense for contingent consideration   56,310
Change in fair value for contingent consideration   (63,436)
Changes in operating assets and liabilities:    
Accounts receivable (34,783) 672,768
Contract assets 421,085 (597,580)
Work-in-process and raw materials (837,115) (177,914)
Other current assets (214,705) 1,072,476
Accounts payable (815,964) (1,202,601)
Accrued expenses 388,116 (1,094,137)
Contract liabilities 1,454,342 568,273
Other noncurrent liabilities 1,965,691 2,394,420
Net cash provided by operating activities 1,304,864 3,137,838
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (3,230,237) (2,325,301)
Proceeds from fixed assets insurance settlement 61,944  
Proceeds from sale of fixed assets   7,000
Net cash used in investing activities (3,168,293) (2,318,301)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from revolver loan 7,160,000 10,885,150
Repayment of revolver loan (5,025,000) (11,522,152)
Debt issuance costs (50,363) (57,723)
Principal payments for leases (17,185) (36,572)
Repayment of long-term debt (600,095) (605,905)
Net cash provided by (used in) financing activities 1,467,357 (1,337,202)
Net decrease in cash and cash equivalents (396,072) (517,665)
Cash and cash equivalents, beginning of period 534,474 1,052,139
Cash and cash equivalents, end of period 138,402 534,474
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION    
Cash paid during the year for interest (net of interest capitalized) $ 414,268 $ 288,085