v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (584,596) $ (1,085,557)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 391,235 507,097
Provision for doubtful accounts 30,812 23,100
Amortization of deferred financing costs 38,960 89,608
Deferred income tax expense, net 670 (74,076)
Net income from equity investment in non-consolidated affiliate (71,595) (23,320)
Effect of changes in foreign exchange 32,308 (76,488)
Stock-based compensation expense 979,816 762,497
Accrued interest included in note payable balance 5,289 5,289
Addition to provision for obsolete inventory 50,000 100,000
Changes in operations, assets and liabilities:    
Accounts receivable 712,811 (1,235,903)
Due from affiliates 531
Inventory (4,363,236) (828,416)
Prepaid expenses and other current assets (409,020) (351,239)
Other assets (32,401) (43,725)
Accounts payable and accrued expenses 2,891,322 700,370
Due to shareholders and affiliates 301,444 543,796
Total adjustments 558,415 99,121
NET CASH USED IN OPERATING ACTIVITIES (26,181) (986,436)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (84,251) (164,840)
Acquisition of intangible assets (22,265)
Investment in non-consolidated affiliate, at equity (156,000)
Change in restricted cash (12) (7,190)
NET CASH USED IN INVESTING ACTIVITIES (262,528) (172,030)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net payments (borrowings) on credit facility (194,909) 241,913
Payments for costs of stock issuance (14,355)
Proceeds from exercise of common stock options 182,139 181,245
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (12,770) 408,803
EFFECTS OF FOREIGN CURRENCY TRANSLATION 12,960 (1,286)
NET DECREASE IN CASH AND CASH EQUIVALENTS (288,519) (750,949)
CASH AND CASH EQUIVALENTS — BEGINNING 611,048 1,430,532
CASH AND CASH EQUIVALENTS — ENDING 322,529 679,583
SUPPLEMENTAL DISCLOSURES:    
Schedule of non-cash financing activities Conversion of 5% convertible note to common stock 25,000
Interest paid 1,685,662 551,428
Income taxes paid $ 669,500 $ 1,010,780