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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Mar. 31, 2022
Current Assets:    
Cash and cash equivalents $ 27,093,614 $ 23,281,475
Accounts receivable, net 30,419,611 43,955,084
Due from related parties 15,000
Inventories 67,145,401 59,016,152
Prepaid expenses 3,838,968 3,423,925
Current portion of restricted cash 500,000
Total Current Assets 128,997,594 129,691,636
Property and Equipment, net 55,290,328 37,637,806
Other Assets:    
Deposits 9,656,907 11,360,322
Patents, net 5,156,120 5,526,218
Other intangible assets, net 126,870,205 136,300,387
Goodwill 90,870,094 90,870,094
Right of use assets - operating leases 1,378,711 2,791,850
TOTAL ASSETS 418,219,959 414,178,313
Current Liabilities:    
Accounts payable 20,964,686 26,817,083
Factoring liability 1,678,450 485,671
Accrued liabilities 4,298,739 6,178,814
Inventory credit facility 825,675
Current portion of operating lease liability 518,778 831,429
Current portion of note payable related party 358,263 684,639
Current portion of construction note payable 258,430
Insurance premium note payable 119,449
Total Current Liabilities 28,196,795 35,823,311
Long-term Liabilities:    
Contingent consideration payable 158,570 204,142
Notes payable related party, net of current portion 181,132
Construction note payable, net of unamortized issuance costs 10,967,947 38,330
Operating lease liability, net of current portion 980,009 2,091,351
Deferred income tax liability 2,819,962 1,536,481
Total Liabilities 43,123,283 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 December 31, 2022 and March 31, 2022, respectively 1,400 1,400
Common stock, $0.001 par value, 200,000,000 shares authorized 118,044,417 and 116,485,747 shares issued and 117,894,417 and 116,485,747 outstanding at December 31, 2022 and March 31, 2022, respectively 117,894 116,487
Additional paid-in capital 390,501,876 385,426,431
Accumulated deficit (15,233,633) (11,240,752)
Treasury Stock (290,861)
Total Shareholders’ Equity 375,096,676 374,303,566
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 418,219,959 $ 414,178,313