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Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Mar. 31, 2019
Current Assets    
Cash $ 345,200 $ 211,408
Accounts receivable, net of allowances of $337,461 and $51,906, respectively 1,860,500 1,769,404
Due from PNC Bank 2,388,438 2,236,779
Accounts receivable related party - Winglight Pacific, Ltd 100,000 288,941
Insurance claim receivable 1,268,463
Inventories, net 7,601,277 6,024,311
Prepaid expenses and other current assets 252,473 274,278
Deferred financing costs 3,333 13,333
Total Current Assets 13,819,684 10,818,454
Property and equipment, net 771,349 522,910
Deferred financing costs, net of current portion 3,333
Deferred tax assets 1,285,721 758,366
Operating Leases - right of use assets 573,874
Other non-current assets 150,509 90,082
Total Assets 16,601,137 12,193,145
Current Liabilities    
Accounts payable 5,041,610 842,708
Accrued expenses 1,529,168 950,773
Current portion of bank term note payable 125,000
Refunds due to customers 806,475 31,075
Reserve for sales returns 1,224,000 896,154
Current portion of finance leases 14,953 14,414
Current portion of installment notes 63,098
Current portion of operating lease liabilities 321,389
Current portion of subordinated related party debt - Starlight Marketing Development, Ltd. 815,367
Total Current Liabilities 9,502,409 3,675,491
Finance leases, net of current portion 2,550 17,499
Installment notes, net of current portion 283,193
Operating lease liabilities, net of current portion 322,263
Subordinated related party debt - Starlight Marketing Development, Ltd., net of current portion 802,659
Total Liabilities 10,913,074 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 19,729,043 19,687,263
Subscriptions receivable (2,200)
Accumulated deficit (14,426,556) (11,569,556)
Total Shareholders' Equity 5,688,063 8,500,155
Total Liabilities and Shareholders' Equity 16,601,137 12,193,145
Common Class A [Member]    
Shareholders' Equity    
Common stock value
Common Class B [Member]    
Shareholders' Equity    
Common stock value 385,576 384,648
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 372,300
Starlight R&D, Ltd. [Member]    
Current Liabilities    
Due to related party $ 115,016