v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 80,007 $ (193,193)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 599,623 758,507
Provision for doubtful accounts 44,912 34,650
Amortization of deferred financing costs 65,492 124,650
Deferred income tax expense, net (81,899) (226,437)
Net income from equity investment in non-consolidated affiliate (50,789) (49,682)
Effect of changes in foreign exchange 7,104 (145,208)
Stock-based compensation expense 1,484,306 1,172,008
Accrued interest included in note payable balance 7,934 7,934
Addition to provision for obsolete inventory 100,000 150,000
Changes in operations, assets and liabilities:    
Accounts receivable (2,168,286) (621,122)
Due from affiliates (2,173) (942)
Inventory (4,983,428) (3,827,236)
Prepaid expenses and other current assets (172,666) (312,315)
Other assets (44,259) (50,273)
Accounts payable and accrued expenses 614,171 1,004,720
Due to shareholders and affiliates (331,136) (28,263)
Total adjustments (4,911,094) (2,009,009)
NET CASH USED IN OPERATING ACTIVITIES (4,831,087) (2,202,202)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (224,792) (320,331)
Acquisition of intangible assets (24,603) (9,375)
Investment in non-consolidated affiliate, at equity (156,000)
Change in restricted cash (16) (7,102)
NET CASH USED IN INVESTING ACTIVITIES (405,411) (336,808)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings on credit facility 5,357,334 1,886,878
Payments for costs of stock issuance (14,355)
Proceeds from exercise of common stock options 204,768 187,286
NET CASH PROVIDED BY FINANCING ACTIVITIES 5,562,102 2,059,809
EFFECTS OF FOREIGN CURRENCY TRANSLATION 9,715 (13,581)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 335,319 (492,782)
CASH AND CASH EQUIVALENTS — BEGINNING 611,048 1,430,532
CASH AND CASH EQUIVALENTS — ENDING 946,367 937,750
SUPPLEMENTAL DISCLOSURES:    
Schedule of non-cash financing activities Conversion of 5% convertible note to common stock 928,167
Interest paid 2,601,139 847,235
Income taxes paid $ 669,500 $ 1,553,377