XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]            
Net Sales $ 21,244,306 $ 16,972,603 $ 44,678,929 $ 42,309,825 $ 45,802,574 $ 38,500,570
Cost of Goods Sold 15,934,842 11,998,640 34,464,291 30,550,406 33,505,356 30,323,223
Gross Profit 5,309,464 4,973,963 10,214,638 11,759,419 12,297,218 8,177,347
Operating Expenses            
Selling expenses 1,406,175 1,490,560 2,717,642 3,264,364 3,976,523 4,286,257
General and administrative expenses 2,154,553 1,925,233 5,352,902 5,130,396 6,531,932 6,564,422
Bad debt expense         65,055 302,333
Depreciation 55,007 65,465 190,087 204,353 298,357 269,107
Total Operating Expenses 3,615,735 3,481,258 8,260,631 8,599,113 10,871,867 11,422,119
Income (Loss) from Operations 1,693,729 1,492,705 1,954,007 3,160,306 1,425,351 (3,244,772)
Other Income (Expenses)            
Gain from Paycheck Protection Plan loan forgiveness 448,242    
Gain - related party 187,988 11,236 187,988    
Gain from damaged goods insurance claim 1,067,829 1,067,829
Gain from extinguishment of accounts payable 236,472 390,000    
Gain - related party         220,023
Gain from settlement of accounts payable         390,000
Interest expense (155,573) (231,034) (365,966) (388,355) (412,270) (240,709)
Finance costs (9,375) (18,432) (35,672) (43,268) (61,699) (13,333)
Total Other Income (Expenses), net (164,948) (61,478) 294,312 1,214,194 1,203,883 (254,042)
Income (Loss) Before Income Tax (Provision) Benefit 1,528,781 1,431,227 2,248,319 4,374,500 2,629,234 (3,498,814)
Income Tax (Provision) Benefit (102,886) (263,932) (248,664) (1,006,135) (456,869) 641,814
Net Income (Loss) $ 1,425,895 $ 1,167,295 $ 1,999,655 $ 3,368,365 $ 2,172,365 $ (2,857,000)
Net Income (Loss) per Common Share            
Basic $ 0.03 $ 0.03 $ 0.04 $ 0.09 $ 0.06 $ (0.07)
Diluted $ 0.03 $ 0.03 $ 0.04 $ 0.09 $ 0.06 $ (0.07)
Weighted Average Common and Common Equivalent Shares:            
Basic 53,410,249 38,885,185 46,787,545 38,667,221 38,760,092 38,532,889
Diluted 53,635,368 39,156,481 47,109,854 39,041,074 39,128,650 38,532,889