XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net Sales $ 45,802,574 $ 38,500,570
Cost of Goods Sold 33,505,356 30,323,223
Gross Profit 12,297,218 8,177,347
Operating Expenses    
Selling expenses 3,976,523 4,286,257
General and administrative expenses 6,531,932 6,564,422
Bad debt expense 65,055 302,333
Depreciation 298,357 269,107
Total Operating Expenses 10,871,867 11,422,119
Income (Loss) from Operations 1,425,351 (3,244,772)
Other Income (Expenses)    
Gain from damaged goods insurance claim 1,067,829
Gain from settlement of accounts payable 390,000
Gain - related party 220,023
Interest expense (412,270) (240,709)
Finance costs (61,699) (13,333)
Total Other Income (Expenses), net 1,203,883 (254,042)
Income (Loss) Before Income Tax (Provision) Benefit 2,629,234 (3,498,814)
Income Tax (Provision) Benefit (456,869) 641,814
Net Income (Loss) $ 2,172,365 $ (2,857,000)
Net Income (Loss) per Common Share    
Basic $ 0.06 $ (0.07)
Diluted $ 0.06 $ (0.07)
Weighted Average Common and Common Equivalent Shares:    
Basic 38,760,092 38,532,889
Diluted 39,128,650 38,532,889