Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 543,713 $ 413,741
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 130,568 118,673
Provision for (recoveries of) doubtful accounts 28,683 (117,618)
Equity loss in minority investment of unconsolidated affiliate 54,900
Rent expense (24,205) (4,229)
Stock based compensation costs 162,194 143,101
Insurance reserves (62,604) 174,913
Deferred income taxes 398,000 517,496
Change in receivables, prepaid expenses and other current assets 10,323,384 (8,525,013)
Change in accounts payable and other liabilities (2,310,382) (417,416)
Change in other long term liabilities (9,020)
Net cash provided by (used in) operating activities 9,180,331 (7,641,452)
Cash flows from investing activities:    
Purchases of equipment (199,536)
Proceeds from equipment dispositions 4,918
Net cash provided by (used in) investing activities (199,536) 4,918
Cash flows from financing activities:    
Net (repayments) advances on short-term borrowings (7,774,403) 7,512,990
Change in checks issued in advance of deposits (731,288) 5,462
Tax withholding related to net share settlements of restricted stock units (12,476)
Net cash provided by (used in) financing activities (8,518,167) 7,518,452
Net change in cash and cash equivalents 462,628 (118,082)
Cash and cash equivalents, beginning of period 1,211,915 1,042,291
Cash and cash equivalents, end of period 1,674,543 924,209
Supplemental Disclosures of Cash Flow Information    
Interest 315,387 187,459
Income taxes $ 3,128 $ 8,150