SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Sep. 30, 2022

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 six months ended September 30, 2022 and 2021 consisted of the following:

	Three Months Ended				Six Months Ended
Product Line	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Classic Karaoke Machines	$	9,132,000	$	13,336,000	$	14,343,000	$	17,810,000
Licensed Product		4,000		94,000		48,000		873,000
SMC Kids Toys		622,000		1,021,000		1,557,000		1,091,000
Microphones and Accessories		2,558,000		1,210,000		5,110,000		1,994,000
Streaming *		4,798,000		1,708,000		7,748,000		1,667,000
Total Net Sales	$	17,114,000	$	17,369,000	$	28,806,000	$	23,435,000

* Streaming—The streaming karaoke product line is defined by the ability to stream karaoke content directly via WiFi to our karaoke machine without requiring any 3rd party devices.

SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNING PER SHARE

Computation of dilutive shares for the three and six months ended September 30, 2022 and 2021 are as follows:

	For the three months ended September 30, 2022		For the three months ended September 30, 2021		For the six months ended September 30, 2022		For the six months ended September 30, 2021
Basic weighted average common shares outstanding		3,071,131		1,593,929		2,484,660		1,448,603
Effect of dilutive stock options and warrants		539,057		11,205		476,971		12,364
Diluted weighted average common shares outstanding		3,610,188		1,605,134		2,961,631		1,460,967