• Filing Date: 2017-11-20
  • Form Type: 10-Q
  • Description: Quarterly report
v3.8.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2017
Mar. 31, 2017
ASSETS    
Cash and cash equivalents $ 1,799,300 $ 1,982,276
Accounts receivable, net of allowance for doubtful accounts of $25,000 1,296,896 862,619
Inventories 483,423 369,796
Prepaid expenses and other current assets 22,312 35,752
Total current assets 3,601,931 3,250,443
Property and equipment, net of accumulated depreciation of $51,733 and $32,562, respectively 151,827 170,998
Inventories - long-term portion 56,611 56,611
Intangible assets, net of accumulated amortization of $9,942 and $9,244, respectively 10,992 11,690
Other assets 92,114 104,907
Deferred tax asset 772,000 926,000
Total other assets 1,083,544 1,270,206
Total assets 4,685,475 4,520,649
LIABILITIES AND STOCKHOLDERS' EQUITY    
Capital lease payable 31,499 30,895
Accounts payable 288,806 269,007
Accrued expenses and other current liabilities 163,047 148,731
Customer deposits 125,142 125,142
Due to stockholder 112,612 195,562
Total current liabilities 721,106 769,337
Capital lease payable, net of current portion 70,427 83,812
Total liabilities 791,533 853,149
Stockholders' equity:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.0005 par value; 150,000,000 shares authorized, 67,588,492 shares issued and outstanding 33,794 33,794
Additional paid-in capital 33,294,069 33,294,069
Accumulated deficit (29,433,921) (29,660,363)
Total stockholders' equity 3,893,942 3,667,500
Total liabilities and stockholders' equity $ 4,685,475 $ 4,520,649