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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net (loss) income $ (1,003,308) $ 1,473,291
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation 196,210 200,138
Amortization of deferred financing costs 10,000 10,000
Change in inventory reserve 150,000 (56,780)
Change in allowance for bad debts 133,024 162,198
Stock based compensation 27,506 42,879
Change in net deferred tax assets (294,633) 422,001
Changes in operating assets and liabilities:    
Accounts receivable (6,125,452) (9,697,203)
Due from PNC Bank (211,089) 6,212
Accounts receivable - related parties (895,217) (515,580)
Insurance receivable (1,286,158)
Inventories (2,228,603) 2,475,145
Prepaid expenses and other current assets 134,598 25,587
Other non-current assets 67,023 (516)
Accounts payable 5,742,186 1,744,862
Accrued expenses 1,780,393 1,036,699
Due to related parties 399,672 293,717
Refunds due to customers 479,758 (445,484)
Reserve for sales returns 3,650,163 1,324,486
Operating lease liabilities, net of operating leases - right of use assets (41,797)
Net cash provided by (used in) operating activities 684,275 (1,498,348)
Cash flows from investing activities    
Purchase of property and equipment (517,546) (288,740)
Net cash used in investing activities (517,546) (288,740)
Cash flows from financing activities    
Net proceeds from revolving line of credit 2,931,118
Proceeds from installment notes 283,840
Payments on installment notes (7,304)
Proceeds from subscription receivable 2,200
Proceeds from exercise of stock options 10,200 6,400
Payment of bank term note (125,000) (375,000)
Payment on subordinated debt - related party (12,708)
Payments on finance leases (10,757) (8,093)
Net cash provided by financing activities 140,471 2,554,425
Net change in cash 307,200 767,337
Cash at beginning of period 211,408 813,908
Cash at end of period 518,608 1,581,245
Supplemental disclosures of cash flow information:    
Cash paid for interest 167,954 215,501
Equipment purchased under capital lease 43,527
Operating leases - right of use assets initial adoption 1,108,330
Operating lease liabilities - initial adoption $ 1,234,368