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Reserves
12 Months Ended
Mar. 31, 2020
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Reserves

NOTE 17 – RESERVES

 

Asset reserves and allowances for years ended March 31, 2020 and 2019 are presented in the following table:

 

Description   Balance at
Beginning of Year
    Charged to
Costs and Expenses
    Reduction to
Allowance for Write off
    Credited to
Costs and Expenses
    Balance at
End of Year
 
                               
Year ended March 31, 2020                              
Reserves deducted from assets to which they apply:                                        
Allowance for doubtful accounts   $ 51,096     $ 303,843     $ (15,303 )   $ (2,175 )   $ 337,461  
Inventory reserve   $ 254,000     $ 398,730     $ (218,730 )   $ -     $ 434,000  
                                         
Year ended March 31, 2019                                        
Reserves deducted from assets to which they apply:                                        
Allowance for doubtful accounts   $ 82,102     $ 411,862     $ (31,200 )   $ (411,668 )   $ 51,096  
Inventory reserve   $ 280,000     $ 100,000     $ (44,220 )   $ (81,780 )   $ 254,000