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Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Mar. 31, 2022
Current Assets:    
Cash and cash equivalents $ 39,134,027 $ 23,281,475
Accounts receivable, net 29,346,380 43,955,084
Due from related parties $ 15,000
Other Receivable, after Allowance for Credit Loss, Current, Related and Nonrelated Party Status [Extensible Enumeration] Related Party [Member] Related Party [Member]
Inventories $ 54,344,819 $ 59,016,152
Prepaid expenses 5,126,667 3,423,925
Current portion of restricted cash 500,000
Total Current Assets 128,451,893 129,691,636
Property and Equipment, net 55,963,255 37,637,806
Other Assets:    
Deposits 7,028,947 11,360,322
Patents, net 5,032,754 5,526,218
Other intangible assets, net 123,726,810 136,300,387
Goodwill 90,870,094 90,870,094
Right of use assets - operating leases 1,261,634 2,791,850
TOTAL ASSETS 412,335,387 414,178,313
Current Liabilities:    
Accounts payable 18,079,397 26,817,083
Factoring liability 485,671
Accrued liabilities 4,353,354 6,178,814
Inventory credit facility 825,675
Current portion of operating lease liability 470,734 831,429
Current portion of note payable related party $ 180,850 $ 684,639
Notes Payable, Current, Related and Nonrelated Party Status [Extensible Enumeration] Related Party [Member] Related Party [Member]
Current portion of construction note payable $ 260,429
Insurance premium note payable 2,118,635
Total Current Liabilities 25,463,399 35,823,311
Long-term Liabilities:    
Contingent consideration payable 140,378 204,142
Notes payable related party, net of current portion $ 181,132
Notes Payable, Noncurrent, Related and Nonrelated Party Status [Extensible Enumeration] Related Party [Member] Related Party [Member]
Construction note payable, net of unamortized issuance costs $ 10,922,443 $ 38,330
Operating lease liability, net of current portion 903,490 2,091,351
Deferred income tax liability 2,309,592 1,536,481
Total Liabilities 39,739,302 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 March 31, 2023 and March 31, 2022, respectively 1,400 1,400
Common stock, $0.001 par value, 200,000,000 shares authorized 118,562,806 and 116,485,747 shares issued and 118,294,478 and 116,485,747 outstanding at March 31, 2023 and March 31, 2022, respectively 118,294 116,487
Additional paid-in capital 391,940,374 385,426,431
Accumulated deficit (18,941,825) (11,240,752)
Treasury Stock (522,158)
Total Shareholders’ Equity 372,596,085 374,303,566
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 412,335,387 $ 414,178,313