• Filing Date: 2019-02-19
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net (loss) $ (1,890) $ (220,026)
Adjustments to reconcile net (loss) to net cash used in operating activities:    
Depreciation and amortization 29,331 29,455
Deferred taxes (97,000) 389,000
(Increase) decrease in operating assets:    
Accounts receivable (41,744) (630,756)
Inventories (155,430) 99,501
Prepaid expenses and other current assets (17,293) 32,312
Increase (decrease) in operating liabilities:    
Accounts payable 61,321 39,363
Customer deposits 60,140
Accrued expenses and other current liabilities (22,354) (10,949)
Due to shareholder (3,694) (65,011)
Net cash (used in) operating activities (188,613) (337,111)
Cash flows from financing activities:    
Repayments on capital lease payable (24,141) (20,827)
Net cash (used in) financing activities (24,141) (20,827)
Net (decrease) in cash and cash equivalents (212,754) (357,938)
Cash and cash equivalents - beginning of period 1,693,532 1,982,276
Cash and cash equivalents - end of period 1,480,778 1,624,338
Cash paid for:    
Interest $ 2,811 $ 2,183