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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Mar. 31, 2019
Current Assets    
Cash $ 2,254,572 $ 211,408
Accounts receivable, net of allowances of $331,195 and $51,096, respectively 16,249,229 1,769,404
Due from PNC Bank 2,236,779
Insurance claim receivable 1,247,981
Inventories, net 15,288,725 6,024,311
Prepaid expenses and other current assets 257,611 274,278
Deferred financing costs 10,000 13,333
Total Current Assets 36,510,779 10,818,454
Property and equipment, net 617,047 522,910
Deferred financing costs, net of current portion 3,333
Deferred tax assets 812,957 758,366
Operating Leases - right of use assets 845,703
Other non-current assets 194,741 90,082
Total Assets 38,981,227 12,193,145
Current Liabilities    
Accounts payable 17,457,261 842,708
Accrued expenses 1,651,888 950,773
Current portion of bank term note payable 125,000
Revolving line of credit 4,428,588
Customer deposits 66,923
Refunds due to customers 1,648,773 31,075
Reserve for sales returns 3,230,645 896,154
Current portion of finance leases 14,681 14,414
Current portion of installment note 30,065
Current portion of operating lease liabilities 567,340
Total Current Liabilities 30,158,590 3,675,491
Finance leases, net of current portion 10,096 17,499
Installment note, net of current portion 145,775
Operating lease liabilities, net of current portion 377,066
Total Liabilities 30,691,527 3,692,990
Commitments and Contingencies
Shareholders' Equity    
Preferred stock, $1.00 par value; 1,000,000 shares authorized; no shares issued and outstanding
Additional paid-in capital 19,719,038 19,687,263
Subscriptions receivable (2,200)
Accumulated deficit (11,814,915) (11,569,556)
Total Shareholders' Equity 8,289,700 8,500,155
Total Liabilities and Shareholders' Equity 38,981,227 12,193,145
Common Class A [Member]    
Shareholders' Equity    
Common stock
Common Class B [Member]    
Shareholders' Equity    
Common stock 385,577 384,648
Cosmo Communications Canada, Inc [Member]    
Current Assets    
Accounts receivable related party 57,465
Winglight Pacific Ltd [Member]    
Current Assets    
Accounts receivable related party 1,145,196 288,941
Starlight Consumer Elecronics Co.Ltd. [Member]    
Current Liabilities    
Due to related party 12,040
Starlight Electronics Co., Ltd [Member]    
Current Liabilities    
Due to related party 191,100
Starlight R & D [Member]    
Current Liabilities    
Due to related party 56,627
Starlight Marketing Development Ltd [Member]    
Current Liabilities    
Current portion of subordinated related party debt - Starlight Marketing Development, Ltd. $ 802,659 $ 815,367