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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Mar. 31, 2019
Current Assets    
Cash $ 518,608 $ 211,408
Accounts receivable, net of allowances of $184,120 and $51,096, respectively 7,761,832 1,769,404
Due from PNC Bank 2,447,868 2,236,779
Insurance claim receivable 1,286,158
Inventories, net 8,102,914 6,024,311
Prepaid expenses and other current assets 139,680 274,278
Deferred financing costs 6,667 13,333
Total Current Assets 21,447,885 10,818,454
Property and equipment, net 844,246 522,910
Deferred financing costs, net of current portion 3,333
Deferred tax assets 1,052,999 758,366
Operating Leases - right of use assets 710,961
Other non-current assets 23,059 90,082
Total Assets 24,079,150 12,193,145
Current Liabilities    
Accounts payable 6,584,894 842,708
Accrued expenses 2,605,128 950,773
Current portion of bank term note payable 125,000
Refunds due to customers 510,833 31,075
Reserve for sales returns 4,546,317 896,154
Current portion of finance leases 14,816 14,414
Current portion of installment notes 49,016
Current portion of operating lease liabilities 445,322
Current portion of subordinated related party debt - Starlight Marketing Development, Ltd. 802,659 815,367
Total Current Liabilities 15,958,657 3,675,491
Finance leases, net of current portion 6,340 17,499
Installment notes, net of current portion 227,520
Operating lease liabilities, net of current portion 349,880
Total Liabilities 16,542,397 3,692,990
Commitments and Contingencies
Shareholders' Equity    
Common stock, Class B, $0.01 par value; 100,000,000 shares authorized; 38,557,643 and 38,464,753 shares issued and outstanding, respectively 385,577 384,647
Additional paid-in capital 19,724,040 19,687,264
Subscriptions receivable (2,200)
Accumulated deficit (12,572,864) (11,569,556)
Total Shareholders' Equity 7,536,753 8,500,155
Total Liabilities and Shareholders' Equity 24,079,150 12,193,145
Cosmo Communications Canada, Inc [Member]    
Current Assets    
Accounts receivable related party 38,962
Winglight Pacific Ltd [Member]    
Current Assets    
Accounts receivable related party 1,145,196 288,941
Starlight Consumer Electronics Co.Ltd. [Member]    
Current Liabilities    
Due to related party 14,400
Starlight Electronics Co., Ltd [Member]    
Current Liabilities    
Due to related party 281,700
Starlight R&D, Ltd. [Member]    
Current Liabilities    
Due to related party $ 103,572