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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Mar. 31, 2022
CURRENT ASSETS    
Cash $ 151,502 $ 438,735
Accounts receivable:    
Trade, less allowance for doubtful accounts 414,689 993,846
Other receivables 305,889 303,366
Total accounts receivable 720,578 1,297,212
Amount due from factor 2,944,370 2,792,901
Inventories - finished goods 4,063,632 6,229,061
Prepaid expenses 165,378 241,342
TOTAL CURRENT ASSETS 8,045,460 10,999,251
INTANGIBLE ASSETS - NET 35,773 40,243
PROPERTY AND EQUIPMENT - NET 318,641 477,627
OTHER ASSETS   4,000
TOTAL ASSETS 8,399,874 11,521,121
CURRENT LIABILITIES    
Line of credit - factor 1,459,350 2,157,086
Short-term portion of operating lease liability 151,230 131,880
Accounts payable - trade 293,465 1,572,356
Note payable - Eyston Company Ltd.   1,081,440
Accounts payable - Eyston Company Ltd. 655,000 985,077
Accrued liabilities:    
Accrued payroll and employee benefits 125,415 160,025
Accrued commissions and other 184,525 459,440
TOTAL CURRENT LIABILITIES 2,868,985 6,547,304
LONG-TERM PORTION OF OPERATING LEASE LIABILITY 172,072 335,411
TOTAL LONG-TERM LIABILITIES 172,072 335,411
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY    
Common stock, $.01 par value per share; 20,000,000 shares authorized, 2,312,887 shares issued and outstanding at March 31, 2023 and 2022 23,129 23,129
Additional paid-in capital 12,885,841 12,885,841
Accumulated Deficit (7,550,153) (8,270,564)
TOTAL SHAREHOLDERS' EQUITY 5,358,817 4,638,406
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 8,399,874 $ 11,521,121