Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2021

Accounting Policies [Abstract]

Schedule of Disaggregation of Revenue

During fiscal 2021 and 2020 revenue was derived from five different major product lines. Disaggregated approximate revenue from these product lines consisted of the following:

Revenue by Product Line
	Fiscal Years Ended
Product Line	March 31, 2021		March 31, 2020
Karaoke Machines	$	34,700,000	$	32,600,000
Licensed Products		4,700,000		2,000,000
Microphones and Accessories		4,700,000		2,600,000
SMC Kids Toys		1,300,000		900,000
Music Subscriptions		400,000		400,000
Total Net Sales	$	45,800,000	$	38,500,000

Schedule of Computation of Earnings (Loss) Per Share

Computation of dilutive shares for fiscal years ended March 31, 2021 and 2020 are as follows:

	Fiscal year ended March 31, 2021		Fiscal year ended March 31, 2020
Basic weighted average common shares outstanding		38,760,092		38,532,889
Effect of dilutive stock options		368,558		-
Diluted weighted average of common shares outstanding		39,128,650		38,532,889