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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Mar. 31, 2021
Mar. 31, 2020
Current Assets      
Cash $ 7,375,305 $ 396,579 $ 345,200
Accounts receivable, net of allowances of $138,580 and $337,461, respectively 12,254,098 2,298,922 1,860,500
Due from banks 4,557,120 2,388,438
Accounts receivable related party - Stingray Group, Inc. 159,125  
Accounts receivable related party - Winglight Pacific, Ltd   100,000
Insurance claim receivable   1,268,463
Inventories, net 11,126,298 5,490,255 7,601,277
Prepaid expenses and other current assets 284,206 221,071 252,473
Deferred financing costs 17,188 15,359 3,333
Total Current Assets 31,216,220 12,979,306 13,819,684
Property and equipment, net 580,922 674,153 771,349
Deferred tax assets 638,391 887,164 1,285,721
Operating Leases - right of use assets 1,488,258 2,074,115 573,874
Other non-current assets 136,885 147,173 150,509
Total Assets 34,060,676 16,761,911 16,601,137
Current Liabilities      
Accounts payable 5,982,552 2,461,103 5,041,610
Accrued expenses 2,417,409 1,659,499 1,529,168
Due to related party - Starlight Consumer Electronics Co., Ltd. 14,400 14,400 14,400
Due to related party - Starlight Electronics Co., Ltd   372,300
Due to related party - Starlight R&D, Ltd. 48,650 48,650 115,016
Revolving line of credit - Iron Horse Credit 8,626,840 64,915
Customer deposits 9,520 139,064
Refunds due to customers 90,075 145,408 806,475
Reserve for sales returns 2,922,457 960,000 1,224,000
Current portion of finance leases 7,421 2,546 14,953
Current portion of installment notes 72,760 68,332 63,098
Current portion of note payable - Paycheck Protection Program 172,685
Current portion of operating lease liabilities 860,528 794,938 321,389
Current portion of related party subordinated note payable - Starlight Marketing Development, Ltd. 352,659 502,659
Total Current Liabilities 21,405,271 7,034,199 9,502,409
Finance leases, net of current portion 12,592 2,550
Installment notes, net of current portion 157,812 212,949 283,193
Note payable - Payroll Protection Program, net of current portion 271,215
Operating lease liabilities, net of current portion 685,304 1,334,010 322,263
Subordinated related party debt - Starlight Marketing Development, Ltd., net of current portion   802,659
Total Liabilities 22,260,979 8,852,373 10,913,074
Commitments and Contingencies  
Shareholders’ Equity      
Preferred stock, $1.00 par value; 1,000,000 shares authorized; no shares issued and outstanding
Common stock value 366,362 390,407 385,576
Additional paid-in capital 24,542,633 19,773,322 19,729,043
Accumulated deficit (13,109,298) (12,254,191) (14,426,556)
Total Shareholders’ Equity 11,799,697 7,909,538 5,688,063
Total Liabilities and Shareholders’ Equity 34,060,676 16,761,911 16,601,137
Common Class A [Member]      
Shareholders’ Equity      
Common stock value
Common Class B [Member]      
Shareholders’ Equity      
Common stock value $ 366,362 $ 390,407 $ 385,576