Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Mar. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,674,543 $ 1,211,915
Accounts receivable, net of allowance for doubtful accounts of $228,512 and $335,192, respectively 29,047,339 36,831,394
Prepaid expenses 930,578 1,933,500
Other assets 1,747,921 3,321,345
Total current assets 33,400,381 43,298,154
Furniture and equipment at cost, net 657,424 559,976
Other assets:    
Intangible assets, net 893,422 921,902
Other assets 3,118,803 3,508,469
Total other assets 4,012,225 4,430,371
Total assets 38,070,030 48,288,501
Current liabilities:    
Checks issued in advance of deposits 435,809 1,167,097
Short-term borrowings 10,459,686 18,234,089
Accounts payable 1,759,098 1,354,817
Accrued and other liabilities 9,014,555 11,753,423
Total current liabilities 21,669,148 32,509,426
Insurance reserves 519,877 582,481
Other non-current liabilities 37,581 46,601
Total liabilities 22,226,606 33,138,508
Stockholders' equity:    
Preferred stock, convertible Series A, $.0001 par value
Common stock, $.0001 par value 1,172 1,172
Treasury stock, at cost, 1,579,646 shares and 1,584,418 shares, respectively (2,599,610) (2,609,881)
Additional paid-in capital 19,097,900 18,958,453
Accumulated deficit (656,038) (1,199,751)
Total stockholders' equity 15,843,424 15,149,993
Total liabilities and stockholders' equity $ 38,070,030 $ 48,288,501