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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Mar. 31, 2023
Current Assets    
Cash $ 1,890,014 $ 2,894,574
Accounts receivable, net of allowances of $146,315 and $165,986, respectively 713,152 2,075,086
Inventories, net 10,607,610 9,639,992
Prepaid expenses and other current assets 473,277 266,068
Deferred financing costs 84,667 84,667
Total Current Assets 13,964,323 15,199,465
Property and equipment, net 492,253 633,207
Deferred financing costs, net of current portion 109,361 130,528
Operating leases - right of use assets 331,878 561,185
Other non-current assets 124,201 124,212
Total Assets 15,022,016 16,648,597
Current Liabilities    
Accounts payable 2,644,691 1,769,348
Accrued expenses 1,294,794 2,265,424
Refunds due to customers 670,699 583,323
Reserve for sales returns 331,754 900,000
Current portion of finance leases 18,531 18,162
Current portion of installment notes 82,506 80,795
Current portion of operating lease liabilities 277,733 508,515
Total Current Liabilities 5,320,708 6,125,567
Finance leases, net of current portion 41,369 46,142
Installment notes, net of current portion 36,575 57,855
Operating lease liabilities, net of current portion 78,809 87,988
Total Liabilities 5,477,461 6,317,552
Commitments and Contingencies
Shareholders’ Equity    
Preferred stock, $1.00 par value; 1,000,000 shares authorized; no shares issued and outstanding
Common stock $0.01 par value; 100,000,000 shares authorized; 4,220,259 and 3,184,439 shares issued, 4,220,259 and 3,167,489 shares outstanding, respectively 42,203 31,675
Additional paid-in capital 31,478,977 29,822,205
Subscriptions receivable (5,891)
Accumulated deficit (21,976,625) (19,516,944)
Total Shareholders’ Equity 9,544,555 10,331,045
Total Liabilities and Shareholders’ Equity 15,022,016 16,648,597
Stingray Group Inc [Member]    
Current Assets    
Accounts receivable related party 174,853 218,328
Ault Alliance Inc [Member]    
Current Assets    
Accounts receivable related party $ 20,750 $ 20,750