v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 44,872,686 $ (4,314,659)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 1,071,543 1,226,399
Provision for losses on accounts receivable 1,053,990 151,258
Impairment of intangible assets 847,012 1,603,426
Amortization of operating leases - right-of-use assets 470,816 433,914
Amortization of finance leases - right-of-use assets 476,331 462,030
Amortization of debt discount - bonds offering costs 14,178 14,178
Loss on asset disposal 121,481
Change in fair value of derivative financial instruments - warrants (7,855,607) 18,901,185
Deferred tax expense 10,542,709 3,795,147
Non-cash compensation through the issuance of employee stock options 176,507 227,565
Change in operating assets and liabilities:    
Accounts receivable (31,562,638) (9,904,985)
Inventory (5,019,522) (3,309,912)
Prepaid expenses and other current assets (356,819) (253,739)
Security deposits 2,259
Accounts payable 3,095,860 243,278
Accrued expenses 6,398,995 (1,506,520)
Deferred revenue (5,556) (13,333)
Lease obligations - operating leases (472,391) (423,333)
Net cash provided by operating activities 23,748,094 7,455,639
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (925,626) (1,625,082)
Purchase of intangible assets (900,000)
Proceeds from disposition of property and equipment 125,250
Net cash used in investing activities (925,626) (2,399,832)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of bond principal (140,000) (130,000)
Payments of related party loans payable (4,000,000)
Payments on principal on finance lease obligations (380,318) (336,189)
Proceeds from exercise of stock options 318,753 19,305
Loan payments (120,744) (378,856)
Net cash used in financing activities (4,322,309) (825,740)
Net change in cash and restricted cash 18,500,159 4,230,067
Cash and restricted cash, beginning of period 11,769,161 7,539,094
Cash and restricted cash, end of period 30,269,320 11,769,161
Supplemental disclosure of cash and non-cash transactions:    
Cash paid for interest 246,118 672,409
Cash paid for income taxes 1,150,785 612,085
Finance directors and officers insurance premium 198,457
Recognition of finance lease right of use asset and lease liabilities entered into 153,870
Recognition of operating lease right of use asset and lease liabilities entered into 78,997
Reconciliation of cash and restricted cash    
Cash 29,797,800 11,315,385
Restricted cash - debt service for NJEDA bonds 471,520 453,776
Total cash and restricted cash shown in statement of cash flows $ 30,269,320 $ 11,769,161