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Refunds Due to Customers
12 Months Ended
Mar. 31, 2020
Refunds Due To Customers Abstract  
Refunds Due to Customers

NOTE 15 – REFUNDS DUE TO CUSTOMERS

 

As of March 31, 2020 and 2019 the amount of refunds due to customers was approximately $807,000 and $31,000, respectively Refunds due to customers at March 31, 2020 were primarily due to one major customer which reflects approximately $1,691,000 of chargebacks less approximately $1,181,000 that the customer had deducted on payment remittances to the Company as of March 31, 2020. The remaining $297,000 is primarily due to amounts due to two major customers for overstock returns. (See Note 2 – LIQUIDITY).