Commitments and Contingencies

6 Months Ended

Sep. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 7 - COMMITMENTS AND CONTINGENCIES

LEGAL MATTERS

Management is not aware of any legal proceedings other than matters that arise in the ordinary course of business.

OPERATING LEASES

The Company has operating lease agreements for office and warehouse facilities in Fort Lauderdale, Florida; Ontario, California; and Macau, China expiring at varying dates. Rent expense for the three months ended September 30, 2018 and 2017 was approximately $175,000 and $161,000, respectively. Rent expense for the six months ended September 30, 2018 and 2017 was approximately $350,000 and $323,000, respectively. In addition, the Company maintains various warehouse equipment and office equipment operating leases.

Future minimum lease payments under property and equipment leases with terms exceeding one year as of September 30, 2018 are as follows:

	Operating Leases
For period ending September 30,
2019	$	649,536
2020		609,029
2021		123,724
2022		115,899
2023		119,376
2024 and beyond		61,479
	$	1,679,043