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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities        
Net Income (Loss) $ 1,999,655 $ 3,368,365 $ 2,172,365 $ (2,857,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation 190,087 204,353 298,357 269,107
Amortization of deferred financing costs 35,672 43,268 61,699 13,333
Change in inventory reserve 297,661 482,926 202,339 180,000
Change in allowance for bad debts 168,395 (55,960) (198,881) 286,365
Loss from disposal of property and equipment 4,394    
Stock based compensation 38,376 17,605 22,710 32,508
Change in net deferred tax assets 248,773 872,386 398,557 (527,355)
Gain from Paycheck Protection Plan loan forgiveness (448,242)    
Gain - related party (11,236) (187,988) 220,023
Gain from extinguishment of accounts payable (236,472) (390,000)    
Gain from settlement of accounts payable     390,000
Changes in operating assets and liabilities:        
Accounts receivable (10,123,571) (7,055,589) (239,541) (377,461)
Due from banks 4,557,120 (1,172,374) (2,168,682) (151,659)
Accounts receivable - related parties (159,125) 100,000 100,000 188,941
Insurance receivable 1,268,463 1,268,463 (1,268,463)
Inventories (5,933,704) 1,781,439 1,908,683 (1,756,966)
Prepaid expenses and other current assets (63,135) 111,305 31,402 21,805
Other non-current assets 10,288 52,712 3,336 (60,427)
Accounts payable 3,769,157 (689,770) (3,190,530) 4,198,902
Accrued expenses 762,252 579,732 130,331 704,433
Due to related parties (184,312) (438,666) 501,716
Customer deposits (129,544) 139,064
Refunds due to customers (55,333) (704,744) (661,067) 775,400
Reserve for sales returns 1,962,457 1,742,434 (264,000) 327,846
Operating lease liabilities, net of operating leases - right of use assets 2,741 (18,755) (14,945) (56,260)
Net cash provided by operating activities (3,113,334) 165,496 171,017 444,765
Cash flows from investing activities        
Purchase of property and equipment (77,599) (88,843) (201,161) (517,546)
Net cash used in investing activities (77,599) (88,843) (201,161) (517,546)
Cash flows from financing activities        
Proceeds from Issuance of stock - net of transaction expenses 9,000,580    
Payment of redemption and retirement of treasury stock (7,162,452)    
Net Proceeds from revolving lines of credit 8,561,925 64,915 64,915
Proceeds from note payable - Payroll Protection Program 443,900 443,900
Payment of deferred financing charges (37,501) (73,726) (73,725)
Payments on installment notes (50,709) (48,802) (65,010) (19,049)
Proceeds from exercise of stock options 14,000 26,400 26,400 10,200
Payment on subordinated note payable - related party (150,000) (300,000) (12,708)
Payments on finance leases (6,184) (11,167) (14,957) (14,410)
Payment of bank term note     (125,000)
Proceeds from installment notes     365,340
Proceeds from subscription receivable     2,200
Net cash provided by financing activities 10,169,659 401,520 81,523 206,573
Net change in cash 6,978,726 478,173 51,379 133,792
Cash at beginning of year 396,579 345,200 345,200 211,408
Cash at end of year 7,375,305 823,373 396,579 345,200
Supplemental disclosures of cash flow information:        
Cash paid for interest 378,076 429,264 461,080 179,811
Equipment purchased under capital lease 23,651    
Issuance of common stock and warrants for stock issuance expenses 547,838    
Operating leases - right of use assets and lease liabilities at inception of lease $ 16,364 $ 2,184,105 2,184,105
Operating leases - right of use assets initial adoption     1,108,330
Operating lease liabilities - initial adoption     $ 1,234,368