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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities    
Net Income $ 1,473,291 $ 1,412,096
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 200,138 153,225
Amortization of deferred financing costs 10,000 28,272
Change in inventory reserve (56,780) (125,000)
Change in allowance for bad debts 162,198 2,166,677
Stock based compensation 42,879 163,581
Change in net deferred tax assets 422,001 576,461
Changes in operating assets and liabilities:    
Accounts receivable (9,697,203) (12,844,066)
Due from PNC Bank 6,212 242,859
Accounts receivable - related parties (515,580) (1,213,269)
Inventories 2,475,145 (3,599,858)
Prepaid expenses and other current assets 25,587 44,483
Other non-current assets (516)
Accounts payable 1,744,862 3,005,248
Accrued expenses 1,036,699 2,121,919
Due to related parties 293,717 285,620
Refunds due to customers (445,484) (38,460)
Reserve for sales returns 1,324,486 2,987,357
Net cash used in operating activities (1,498,348) (4,632,855)
Cash flows from investing activities    
Purchase of property and equipment (288,740) (255,776)
Net cash used in investing activities (288,740) (255,776)
Cash flows from financing activities    
Net proceeds from revolving line of credit 2,931,118 3,465,332
Proceeds from bank term note 1,000,000
Payment of bank term note (375,000) (250,000)
Proceeds from exercise of stock options 6,400
Payment of deferred financing costs (40,000)
Payment on subordinated related party debt (1,109,064)
Payments on capital leases (8,093)
Net cash provided by financing activities 2,554,425 3,066,268
Net change in cash 767,337 (1,822,363)
Cash at beginning of period 813,908 2,305,439
Cash at end of period 1,581,245 483,076
Supplemental disclosures of cash flow information:    
Cash paid for interest 215,501 222,649
Cash paid for income taxes 30,000
Equipment purchased under capital lease $ 43,527