• Filing Date: 2019-02-19
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 31, 2018
Mar. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,480,778 $ 1,693,532
Accounts receivable, net of allowance for doubtful accounts of $125,000 1,249,237 1,207,493
Inventories 356,453 201,023
Prepaid expenses and other current assets 30,149 12,156
Total current assets 3,116,617 3,114,204
Property and equipment, net of accumulated depreciation of $98,723 and $70,440, at December 31, 2018 and March 31, 2018, respectively 104,837 133,120
Inventories - long-term portion 111,051 111,051
Intangible assets, net of accumulated amortization of $11,686 and $10,639, at December 31, 2018 and March 31, 2018, respectively 9,248 10,295
Other assets 90,764 91,464
Deferred tax asset 1,189,000 1,092,000
Total other assets 1,504,900 1,437,930
Total assets 4,621,517 4,552,134
Current liabilities:    
Capital lease payable 31,196 31,196
Accounts payable 348,285 286,964
Accrued expenses and other current liabilities 127,028 149,382
Customer deposits 182,307 122,167
Due to stockholder 126,857 130,551
Total current liabilities 815,673 720,260
Long-term liabilities    
Capital lease payable, net of current portion 30,497 54,637
Total liabilities 846,170 774,897
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 (29,552,516) (29,550,626)
Total stockholders' equity 3,775,347 3,777,237
Total liabilities and stockholders' equity $ 4,621,517 $ 4,552,134