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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net Income $ 631,547 $ 152,486
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 259,662 219,968
Amortization of deferred financing costs 13,334 31,606
Change in inventory reserve (26,000) (420,000)
Change in allowance for bad debts (31,006) (50,481)
Stock based compensation 52,428 211,503
Change in net deferred tax assets 178,771 542,072
Changes in operating assets and liabilities:    
Accounts receivable (671,559) 639,160
Due from PNC Bank (2,230,567) 236,647
Accounts receivable - related parties 868,217 (1,157,158)
Inventories 2,538,623 (2,314,288)
Prepaid expenses and other current assets (136,308) (56,692)
Other non-current assets (78,559)
Accounts payable (772,040) 232,878
Accrued expenses 248,841 75,601
Due to related parties (413,675) 413,675
Refunds due to customers (414,409) 407,024
Reserve for sales returns 170,154 126,000
Net cash provided by (used in) operating activities 187,454 (709,999)
Cash flows from investing activities    
Purchase of property and equipment (288,741) (257,468)
Net cash used in investing activities (288,741) (257,468)
Cash flows from financing activities    
Proceeds from bank term note 1,000,000
Payment of bank term note (500,000) (375,000)
Proceeds from exercise of stock options 10,400
Payment of deferred financing costs (40,000)
Payment on subordinated debt - related party (1,109,064)
Payments on capital leases (11,613)
Net cash used in financing activities (501,213) (524,064)
Net change in cash (602,500) (1,491,531)
Cash at beginning of year 813,908 2,305,439
Cash at end of year 211,408 813,908
Supplemental disclosures of cash flow information:    
Cash paid for interest 230,342 301,748
Cash paid for income taxes 30,000
Equipment purchased under capital lease $ 43,526