SUMMARY OF ACCOUNTING POLICIES (Tables)

9 Months Ended

12 Months Ended

Dec. 31, 2021

Mar. 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

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 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

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