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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Mar. 31, 2020
Current Assets    
Cash $ 823,373 $ 345,200
Accounts receivable, net of allowances of $281,501 and $337,461 respectively 8,972,049 1,860,500
Due from banks 3,560,812 2,388,438
Accounts receivable related party - Winglight Pacific, Ltd 100,000
Insurance claim receivable 1,268,463
Inventories, net 5,336,912 7,601,277
Prepaid expenses and other current assets 141,168 252,473
Deferred financing costs 33,791 3,333
Total Current Assets 18,868,105 13,819,684
Property and equipment, net 655,839 771,349
Deferred tax assets 413,335 1,285,721
Operating Leases - right of use assets 2,269,108 573,874
Other non-current assets 97,797 150,509
Total Assets 22,304,184 16,601,137
Current Liabilities    
Accounts payable 3,961,840 5,041,610
Accrued expenses 2,108,900 1,529,168
Revolving line of credit - Iron Horse Credit 64,915
Refunds due to customers 101,731 806,475
Reserve for sales returns 2,966,434 1,224,000
Current portion of finance leases 6,336 14,953
Current portion of installment notes 66,917 63,098
Current portion of note payable - Paycheck Protection Program 296,649
Current portion of operating lease liabilities 779,905 321,389
Current portion of subordinated related party debt - Starlight Marketing Development, Ltd. 750,000
Total Current Liabilities 11,233,043 9,502,409
Finance leases, net of current portion 2,550
Installment notes, net of current portion 230,572 283,193
Note payable - Payroll Protection Program, net of current portion 147,251
Operating lease liabilities, net of current portion 1,540,226 322,263
Subordinated related party debt - Starlight Marketing Development, Ltd., 52,659 802,659
Total Liabilities 13,203,751 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 19,768,217 19,729,043
Accumulated deficit (11,058,191) (14,426,556)
Total Shareholders' Equity 9,100,433 5,688,063
Total Liabilities and Shareholders' Equity 22,304,184 16,601,137
Common Class A [Member]    
Shareholders' Equity    
Common stock value
Common Class B [Member]    
Shareholders' Equity    
Common stock value 390,407 385,576
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 372,300
Starlight R&D, Ltd. [Member]    
Current Liabilities    
Due to related party $ 115,016 $ 115,016