XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]        
Net Sales $ 7,110,520 $ 21,244,306 $ 35,916,210 $ 44,678,929
Cost of Goods Sold 5,819,991 15,934,842 27,481,182 34,464,291
Gross Profit 1,290,529 5,309,464 8,435,028 10,214,638
Operating Expenses        
Selling expenses 1,124,780 1,406,175 2,629,567 2,717,642
General and administrative expenses 2,395,430 2,154,553 7,183,259 5,352,902
Depreciation 52,816 55,007 173,206 190,087
Total Operating Expenses 3,573,026 3,615,735 9,986,032 8,260,631
(Loss) Income from Operations (2,282,497) 1,693,729 (1,551,004) 1,954,007
Other (Expenses) Income, net        
Gain - related party 11,236
Gain from Payroll Protection Plan loan forgiveness 448,242
Gain from settlement of accounts payable 48,650 48,650 236,472
Loss from extinguishment of debt (183,333) (183,333)
Interest expense (67,891) (155,573) (413,831) (365,966)
Finance costs (17,638) (9,375) (25,451) (35,672)
Total Other (Expenses) Income, net (220,212) (164,948) (573,965) 294,312
(Loss) Income Before Income Tax Benefit (Provision) (2,502,709) 1,528,781 (2,124,969) 2,248,319
Income Tax Benefit (Provision) 569,343 (102,886) 472,067 (248,664)
Net (loss) Income $ (1,933,366) $ 1,425,895 $ (1,652,902) $ 1,999,655
Net (loss) Income per Common Share        
Basic $ (0.62) $ 0.80 $ (0.61) $ 1.28
Diluted $ (0.62) $ 0.80 $ (0.61) $ 1.27
Equivalent Shares:        
Basic 3,125,979 1,780,342 2,699,210 1,559,585
Diluted 3,125,979 1,787,846 2,699,210 1,570,329