Summary of Accounting Policies (Tables)

9 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Schedule of Disaggregation of Revenue

Revenue is derived from four different major product lines. Disaggregated revenue from these product lines for the three and nine months ended December 31, 2020 and 2019 consisted of the following:

	Three Months Ended				Nine Months Ended
Product Line	December 31, 2020		December 31, 2019		December 31, 2020		December 31, 2019
				(as restated)				(as restated)
Classic Karaoke Machines	$	8,296,000	$	9,223,000	$	25,320,000	$	26,980,000
Download Karaoke Machines		3,898,000		3,254,000		7,314,000		5,163,000
SMC Kids Toys		609,000		306,000		1,003,000		911,000
Music and Accessories		4,170,000		1,075,000		8,673,000		4,498,000
Total Net Sales	$	16,973,000	$	13,858,000	$	42,310,000	$	37,552,000

Schedule of Computation of Earnings (Loss) Per Share

Computation of dilutive shares for the three and nine months ended December 31, 2020 are as follows:

	For the three months ended December 31, 2020		For the nine months ended December 31, 2020
Basic weighted average common shares outstanding		38,885,000		38,667,000
Effect of dilutive stock options		271,000		374,000
Diluted weighted average of common shares outstanding		39,156,000		39,041,000