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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Mar. 31, 2022
Current Assets:    
Cash and cash equivalents $ 29,004,539 $ 23,281,475
Accounts receivable, net 30,430,044 43,955,084
Due from related parties 6,000 15,000
Inventories 68,607,008 59,016,152
Prepaid expenses 4,328,855 3,423,925
Current portion of restricted cash 500,000
Total Current Assets 132,876,446 129,691,636
Property and Equipment, net 53,786,118 37,637,806
Other Assets:    
Deposits 8,701,667 11,360,322
Restricted cash, net of current portion 500,000
Patents, net 5,279,486 5,526,218
Other intangible assets, net 130,013,599 136,300,387
Goodwill 90,870,094 90,870,094
Right of use assets – operating leases 2,393,817 2,791,850
TOTAL ASSETS 424,421,227 414,178,313
Current Liabilities:    
Accounts payable 23,799,668 26,817,083
Factoring liability 794,389 485,671
Accrued liabilities 5,019,029 6,178,814
Inventory credit facility 825,675
Current portion of operating lease liability 836,544 831,429
Current portion of note payable related party 531,397 684,639
Current portion of construction note payable 243,372
Insurance premium note payable 701,336
Total Current Liabilities 31,925,735 35,823,311
Long-term Liabilities:    
Contingent consideration payable 178,896 204,142
Notes payable related party, net of current portion 181,132
Construction note payable, net of unamortized issuance costs 10,616,164 38,330
Operating lease liability, net of current portion 1,683,052 2,091,351
Deferred income tax liability 2,353,791 1,536,481
Total Liabilities 46,757,638 39,874,747
Shareholders’ Equity:    
Series A cumulative perpetual preferred Stock 8.75%, ($25.00 per share, $0.001 par value) 1,400,000 shares issued and outstanding as of September 30, 2022 and March 31, 2022, respectively 1,400 1,400
Common stock, $0.001 par value, 200,000,000 shares authorized 117,274,755 and 116,485,747 shares issued and outstanding at September 30, 2022 and March 31, 2022, respectively 117,275 116,487
Additional paid-in capital 387,892,917 385,426,431
Accumulated deficit (10,348,003) (11,240,752)
Total Shareholders’ Equity 377,663,589 374,303,566
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 424,421,227 $ 414,178,313