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Reserves
12 Months Ended
Mar. 31, 2018
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Reserves

NOTE 16 – RESERVES

 

Asset reserves and allowances for years ended March 31, 2018 and 2017 are presented in the following table:

 

                Reduction to              
    Balance at     Charged to     Allowance     Credited to     Balance at  
    Beginning of     Costs and     for     Costs and     End of  
Description   Year     Expenses     Write off     Expenses     Year  
                               
Year ended March 31, 2018                                        
Reserves deducted from assets to which they apply:                                        
Allowance for doubtful accounts   $ 132,583     $ 3,224,684     $ (3,254,158 )   $ (21,007 )   $ 82,102  
Inventory reserve   $ 700,000     $ 150,000     $ (424,688 )   $ (145,312 )   $ 280,000  
                                         
Year ended March 31, 2017                                        
Reserves deducted from assets to which they apply:                                        
Allowance for doubtful accounts   $ 51,179     $ 30,858     $ -     $ 50,546     $ 132,583  
Inventory reserve   $ 760,000     $ 310,000     $ (370,000 )   $ -     $ 700,000