SUMMARY OF ACCOUNTING POLICIES (Tables)

9 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

SCHEDULE OF DISAGGREGATION OF REVENUE

Revenue is derived from five different major product lines. Disaggregated revenue from these product lines for the three and nine months ended December 31, 2021 and 2020 consisted of the following:

Revenue by Product Line
	Three Months Ended				Nine Months Ended
Product Line	December 31, 2021		December 31, 2020		December 31, 2021		December 31, 2020
Classic Karaoke Machines	$	17,732,000	$	11,998,000	$	37,216,000	$	32,337,000
Licensed Product		645,000		1,644,000		1,510,000		4,332,000
SMC Kids Toys		1,051,000		662,000		2,145,000		1,229,000
Microphones and Accessories		1,657,000		2,481,000		3,424,000		4,122,000
Music Subscriptions		159,000		188,000		384,000		290,000
Total Net Sales	$	21,244,000	$	16,973,000	$	44,679,000	$	42,310,000

SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNING PER SHARE

Computation of dilutive shares for the three and nine months ended December 31, 2021 and 2020 are as follows:

	For the three months ended December 31, 2021		For the three months ended December 31, 2020		For the nine months ended December 31, 2021		For the nine months ended December 31, 2020
Basic weighted average common shares outstanding		53,410,249		38,885,185		46,787,545		38,667,221
Effect of dilutive stock options		225,119		271,296		322,309		373,853
Diluted weighted average common shares outstanding		53,635,368		39,156,481		47,109,854		39,041,074