XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Income Statements (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]        
Net Sales $ 16,972,603 $ 13,857,576 $ 42,309,825 $ 37,552,329
Cost of Goods Sold 11,998,640 11,486,520 30,550,406 29,747,376
Gross Profit 4,973,963 2,371,056 11,759,419 7,804,953
Operating Expenses        
Selling expenses 1,490,560 1,740,777 3,264,364 3,692,070
General and administrative expenses 1,925,233 1,442,192 5,130,396 5,048,517
Depreciation 65,465 77,161 204,353 196,210
Total Operating Expenses 3,481,258 3,260,130 8,599,113 8,936,797
Income (Loss) from Operations 1,492,705 (889,074) 3,160,306 (1,131,844)
Other Income (Expenses)        
Gain from damaged goods insurance claim 1,067,829
Gain from extinguishment of accounts payable 390,000
Gain - related party 187,988 187,988
Interest expense (231,034) (105,583) (388,355) (156,097)
Finance costs (18,432) (3,334) (43,268) (10,000)
Total Other Income (Expenses), net (61,478) (108,917) 1,214,194 (166,097)
Income (Loss) Before Income Tax (Provision) Benefit 1,431,227 (997,991) 4,374,500 (1,297,941)
Income Tax (Provision) Benefit (263,932) 240,042 (1,006,135) 294,633
Net Income (Loss) $ 1,167,295 $ (757,949) $ 3,368,365 $ (1,003,308)
Net Income (Loss) per Common Share        
Basic and Diluted $ 0.03 $ (0.02) $ 0.09 $ (0.03)
Diluted $ 0.03 $ (0.02) $ 0.09 $ (0.03)
Weighted Average Common and Common Equivalent Shares:        
Basic 38,885,185 38,557,643 38,667,221 38,524,698
Diluted 39,156,481 38,557,643 39,041,074 38,524,698