• Filing Date: 2017-11-20
  • Form Type: 10-Q
  • Description: Quarterly report
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 income $ 226,442 $ 950,124
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 19,869 4,772
Deferred taxes 154,000
Changes in operating assets and liabilities balances:    
Accounts receivable (434,277) (328,879)
Inventories (113,627) (118,604)
Prepaid expenses and other current assets 26,234 (750)
Accounts payable 19,799 (159,759)
Accrued expenses and other current liabilities 14,315 (82,368)
Due to shareholder (82,950) 28,512
Net cash provided by (used in) operating activities (170,195) 293,048
Cash flows from investing activities:    
Purchase of equipment (4,970)
Restricted cash (165)
Net cash used in investing activities (5,135)
Cash flows from financing activities:    
Repayments on notes payable (10,000)
Repayments on capital lease payable (12,781)
Net cash provided by (used in) financing activities (12,781) (10,000)
Net increase (decrease) in cash and cash equivalents (182,976) 277,913
Cash and cash equivalents - beginning of period 1,982,276 1,398,848
Cash and cash equivalents - end of period 1,799,300 1,676,761
Cash paid for interest $ 1,455 $ 843