XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net Sales $ 22,285,239 $ 19,054,515 $ 25,337,222 $ 23,694,753
Cost of Goods Sold 16,462,235 14,439,522 18,551,766 18,260,856
Gross Profit 5,823,004 4,614,993 6,785,456 5,433,897
Operating Expenses        
Selling expenses 1,474,811 1,460,802 1,773,804 1,951,293
General and administrative expenses 1,841,873 2,235,269 3,205,163 3,606,325
Depreciation 67,781 59,588 138,888 119,049
Total Operating Expenses 3,384,465 3,755,659 5,117,855 5,676,667
Income (Loss) from Operations 2,438,539 859,334 1,667,601 (242,770)
Other Income (Expenses)        
Gain from damaged goods insurance claim 936,537 1,067,829
Gain from extinguishment of accounts payable 390,000
Interest expense (127,731) (47,639) (157,321) (50,514)
Finance costs (18,431) (3,333) (24,836) (6,666)
Total Other Income (Expenses), net 790,375 (50,972) 1,275,672 (57,180)
Income (Loss) Before Income Tax (Provision) Benefit 3,228,914 808,362 2,943,273 (299,950)
Income Tax (Provision) Benefit (821,040) (184,140) (742,203) 54,591
Net Income (Loss) $ 2,407,874 $ 624,222 $ 2,201,070 $ (245,359)
Net Income (Loss) per Common Share        
Basic and Diluted $ 0.06 $ 0.02 $ 0.06 $ (0.01)
Diluted $ 0.06 $ 0.02 $ 0.06 $ (0.01)
Weighted Average Common and Common Equivalent Shares:        
Basic 38,557,643 38,518,513 38,557,643 38,494,687
Diluted 39,107,908 39,343,383 38,982,775 38,494,687