SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Mar. 31, 2023

Accounting Policies [Abstract]

SCHEDULE OF DISAGGREGATION OF REVENUE

During fiscal 2023 and 2022 revenue was derived from five different major product lines. Disaggregated approximate revenue from these product lines consisted of the following:

Revenue by Product Line
	Fiscal Years Ended
Product Line	March 31, 2023		March 31, 2022
Karaoke Machines	$	28,800,000	$	38,900,000
Microphones and Accessories		7,800,000		4,200,000
SMC Kids Toys		1,900,000		2,300,000
Licensed Products		100,000		1,600,000
Music Subscriptions		700,000		500,000
Total Net Sales	$	39,300,000	$	47,500,000

SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNING PER SHARE

Computation of dilutive shares for fiscal years ended March 31, 2023 and 2022 are as follows:

	Fiscal year ended March 31, 2023		Fiscal year ended March 31, 2022
Basic weighted average common shares outstanding		2,811,872		1,614,506
Effect of dilutive stock options		-		8,891
Diluted weighted average of common shares outstanding		2,811,872		1,623,397