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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Mar. 31, 2023
Current Assets:    
Cash and cash equivalents $ 49,564,868 $ 39,134,027
Accounts receivable, net 23,030,851 29,346,380
Inventories 53,014,205 54,344,819
Prepaid expenses 3,920,007 5,126,667
Current portion of restricted cash 500,000
Total Current Assets 129,529,931 128,451,893
Equipment, net 55,821,414 55,963,255
Other Assets:    
Deposits 3,189,518 7,028,947
Patents, net 4,786,022 5,032,754
Other intangible assets, net 117,440,022 123,726,810
Goodwill 90,870,094 90,870,094
Right of use assets - operating leases 1,017,982 1,261,634
TOTAL ASSETS 402,654,983 412,335,387
Current Liabilities:    
Accounts payable 19,598,548 18,079,397
Accrued liabilities 6,250,164 4,353,354
Current portion of operating lease liability 370,980 470,734
Current portion of construction note payable 265,977 260,429
Insurance premium note payable 1,157,745 2,118,635
Total Current Liabilities 27,643,414 25,463,399
Long-term Liabilities:    
Contingent consideration payable 99,302 140,378
Construction note payable, net of unamortized issuance costs 10,830,663 10,922,443
Operating lease liability, net of current portion 744,616 903,490
Deferred income tax liability 349,327 2,309,592
Total Liabilities 39,667,322 39,739,302
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, 2023 and March 31, 2023, respectively 1,400 1,400
Common stock, $0.001 par value, 200,000,000 shares authorized 119,665,700 and 118,562,806 shares issued and 118,460,743 and 118,294,478 outstanding at September 30, 2023 and March 31, 2023, respectively 118,461 118,294
Additional paid-in capital 394,331,516 391,940,374
Accumulated deficit (29,086,926) (18,941,825)
Treasury stock (2,376,790) (522,158)
Total Shareholders’ Equity 362,987,661 372,596,085
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 402,654,983 412,335,387
Related Party [Member]    
Current Liabilities:    
Note payable related party $ 180,850