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Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Mar. 31, 2020
Current Assets    
Cash $ 396,579 $ 345,200
Accounts receivable, net of allowances of $138,580 and $337,461, respectively 2,298,922 1,860,500
Due from banks 4,557,120 2,388,438
Insurance claim receivable 1,268,463
Inventories, net 5,490,255 7,601,277
Prepaid expenses and other current assets 221,071 252,473
Deferred financing costs 15,359 3,333
Total Current Assets 12,979,306 13,819,684
Property and equipment, net 674,153 771,349
Deferred tax assets 887,164 1,285,721
Operating Leases - right of use assets 2,074,115 573,874
Other non-current assets 147,173 150,509
Total Assets 16,761,911 16,601,137
Current Liabilities    
Accounts payable 2,461,103 5,041,610
Accrued expenses 1,659,499 1,529,168
Revolving line of credit - Iron Horse Credit 64,915
Customer deposits 139,064
Refunds due to customers 145,408 806,475
Reserve for sales returns 960,000 1,224,000
Current portion of finance leases 2,546 14,953
Current portion of installment notes 68,332 63,098
Current portion of note payable - Paycheck Protection Program 172,685
Current portion of operating lease liabilities 794,938 321,389
Current portion of related party subordinated note payable - Starlight Marketing Development, Ltd. 502,659
Total Current Liabilities 7,034,199 9,502,409
Finance leases, net of current portion 2,550
Installment notes, net of current portion 212,949 283,193
Note payable - Payroll Protection Program, net of current portion 271,215
Operating lease liabilities, net of current portion 1,334,010 322,263
Subordinated related party debt - Starlight Marketing Development, Ltd., net of current portion 802,659
Total Liabilities 8,852,373 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 19,773,322 19,729,043
Accumulated deficit (12,254,191) (14,426,556)
Total Shareholders' Equity 7,909,538 5,688,063
Total Liabilities and Shareholders' Equity 16,761,911 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
Winglight Pacific, Ltd [Member]    
Current Assets    
Accounts receivable related party 100,000
Current Liabilities    
Due to related party
Starlight R&D, Ltd. [Member]    
Current Liabilities    
Due to related party $ 48,650 $ 115,016