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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net sales $ 3,912,168 $ 2,222,941 $ 7,218,630 $ 4,037,155
Cost of sales 2,038,535 1,223,728 3,763,393 2,556,629
Gross margin 1,873,633 999,213 3,455,237 1,480,526
Selling, general and administrative 625,163 555,411 1,237,634 1,121,936
Litigation expenses 91,553 35,848 102,060 75,119
Engineering, research and development 525,739 503,380 1,050,842 1,020,703
Total operating expenses 1,242,455 1,094,639 2,390,536 2,217,758
Income (loss) from operations 631,178 (95,426) 1,064,701 (737,232)
Interest income 1,018 1,009 2,018 2,007
Change in fair value of common stock warrants 5,500 0 (73,000) 0
Interest expense – judgement (90,596) (72,003) (171,106) (143,223)
Interest expense (10,866) (24,990) (28,603) (59,035)
Total other expense, net (94,944) (95,984) (270,691) (200,251)
Income (loss) before income taxes 536,234 (191,410) 794,010 (937,483)
Income tax expense 0 0 0 0
Net income (loss) 536,234 (191,410) 794,010 (937,483)
Preferred dividends 80,000 60,000 160,000 120,000
Net income (loss) attributable to common shareholders $ 456,234 $ (251,410) $ 634,010 $ (1,057,483)
Basic income (loss) per common share (in Dollars per share) $ 0.14 $ (0.08) $ 0.19 $ (0.32)
Diluted income (loss) per common share (in Dollars per share) $ 0.11 $ (0.08) $ 0.16 $ (0.32)
Weighted average shares outstanding:        
Basic (in Shares) 3,255,887 3,255,887 3,255,887 3,255,887
Diluted (in Shares) 4,945,665 3,255,887 4,945,665 3,255,887