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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Mar. 31, 2021
Current Assets    
Cash $ 1,383,230 $ 396,579
Accounts receivable, net of allowances of $126,156 and $138,580, respectively 5,562,834 2,298,922
Due from Crestmark Bank 342,706 4,557,120
Inventories, net 8,370,101 5,490,255
Prepaid expenses and other current assets 190,708 221,071
Deferred financing costs 35,938 15,359
Total Current Assets 15,885,517 12,979,306
Property and equipment, net 661,416 674,153
Deferred tax assets 915,259 887,164
Operating Leases - right of use assets 1,892,923 2,074,115
Other non-current assets 94,952 147,173
Total Assets 19,450,067 16,761,911
Current Liabilities    
Accounts payable 6,262,655 2,461,103
Accrued expenses 1,377,061 1,659,499
Revolving line of credit - Iron Horse Credit 364,915 64,915
Customer deposits 19,328 139,064
Refunds due to customers 93,585 145,408
Reserve for sales returns 749,691 960,000
Current portion of finance leases 2,546
Current portion of installment notes 69,777 68,332
Current portion of note payable - Paycheck Protection Program 172,685
Current portion of operating lease liabilities 827,238 794,938
Subordinated related party debt - Starlight Marketing Development, Ltd. 502,659 502,659
Total Current Liabilities 10,329,959 7,034,199
Installment notes, net of current portion 194,954 212,949
Note payable - Payroll Protection Program, net of current portion 271,215
Operating lease liabilities, net of current portion 1,124,325 1,334,010
Total Liabilities 11,649,238 8,852,373
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 19,783,026 19,773,322
Accumulated deficit (12,372,804) (12,254,191)
Total Shareholders’ Equity 7,800,829 7,909,538
Total Liabilities and Shareholders’ Equity 19,450,067 16,761,911
Common Class A [Member]    
Shareholders’ Equity    
Common stock, Class B, $0.01 par value; 100,000,000 shares authorized;  39,060,748 and 39,040,748 shares issued and outstanding, respectively
Common Class B [Member]    
Shareholders’ Equity    
Common stock, Class B, $0.01 par value; 100,000,000 shares authorized;  39,060,748 and 39,040,748 shares issued and outstanding, respectively 390,607 390,407
Starlight Consumer Electronics Co Ltd [Member]    
Current Liabilities    
Due to related party 14,400 14,400
Starlight R&D, Ltd. [Member]    
Current Liabilities    
Due to related party $ 48,650 $ 48,650