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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Mar. 31, 2020
Current Assets    
Cash $ 1,804,593 $ 345,200
Accounts receivable, net of allowances of $299,939 and $337,461, respectively 1,773,300 1,860,500
Due from banks 267,664 2,388,438
Accounts receivable related party - Winglight Pacific, Ltd 100,000
Insurance claim receivable 1,268,463
Inventories, net 6,870,220 7,601,277
Prepaid expenses and other current assets 214,157 252,473
Deferred financing costs 70,653 3,333
Total Current Assets 11,000,587 13,819,684
Property and equipment, net 745,556 771,349
Deferred tax assets 1,364,558 1,285,721
Operating Leases - right of use assets 2,618,513 573,874
Other non-current assets 114,422 150,509
Total Assets 15,843,636 16,601,137
Current Liabilities    
Accounts payable 2,518,487 5,041,610
Accrued expenses 1,008,161 1,529,168
Revolving line of credit - Iron Horse Credit 1,400,000
Refunds due to customers 391,088 806,475
Reserve for sales returns 380,183 1,224,000
Current portion of finance leases 13,812 14,953
Current portion of installment notes 64,279 63,098
Current portion of note payable - Paycheck Protection Plan 172,685
Current portion of operating lease liabilities 758,910 321,389
Total Current Liabilities 7,109,321 9,502,409
Finance leases, net of current portion 2,550
Installment notes, net of current portion 263,531 283,193
Note payable - Payroll Protection Plan, net of current portion 271,945
Operating lease liabilities 1,914,921 322,263
Subordinated related party debt - Starlight Marketing Development, Ltd. 802,659 802,659
Total Liabilities 10,362,377 10,913,074
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 19,729,043
Accumulated deficit (14,633,360) (14,426,556)
Total Shareholders' Equity 5,481,259 5,688,063
Total Liabilities and Shareholders' Equity 15,843,636 16,601,137
Common Class A [Member]    
Shareholders' Equity    
Common stock value
Common Class B [Member]    
Shareholders' Equity    
Common stock value 385,576 385,576
Starlight Consumer Electronics Co.Ltd. [Member]    
Current Liabilities    
Due to related party 14,400 14,400
Starlight Electronics Co., Ltd [Member]    
Current Liabilities    
Due to related party 272,300 372,300
Starlight R&D, Ltd. [Member]    
Current Liabilities    
Due to related party $ 115,016 $ 115,016