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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Net sales $ 4,733,135 $ 3,975,736 $ 11,951,765 $ 8,012,891
Cost of sales 2,520,653 2,006,132 6,284,046 4,562,761
Gross margin 2,212,482 1,969,604 5,667,719 3,450,130
Operating expenses:        
Selling, general and administrative 609,394 530,180 1,847,028 1,652,116
Litigation expenses 16,830 59,680 118,890 134,799
Engineering, research and development 580,517 622,082 1,631,359 1,642,785
Total operating expenses 1,206,741 1,211,942 3,597,277 3,429,700
Income from operations 1,005,741 757,662 2,070,442 20,430
Other income (expense):        
Interest income 2,065 1,010 4,083 3,017
Change in fair value of common stock warrants   (23,000) (73,000) (23,000)
Interest expense - judgment (84,715) (72,003) (255,821) (215,226)
Interest expense (15,514) (24,216) (44,117) (83,251)
Total other expense (98,164) (118,209) (368,855) (318,460)
Income (loss) before income taxes 907,577 639,453 1,701,587 (298,030)
Income tax expense 0 0 0 0
Net income (loss) 907,577 639,453 1,701,587 (298,030)
Deemed dividend related to beneficial conversion feature of Series B Convertible Preferred Stock 0 (420,000) 0 (420,000)
Preferred stock dividends (80,000) (112,807) (240,000) (232,807)
Net income (loss) attributable to common shareholders $ 827,577 $ 106,646 $ 1,461,587 $ (950,837)
Basic income (loss) per common share (in Dollars per share) $ 0.25 $ 0.03 $ 0.45 $ (0.29)
Diluted income (loss) per common share (in Dollars per share) $ 0.18 $ 0.03 $ 0.35 $ (0.29)
Weighted average shares outstanding:        
Basic (in Shares) 3,255,887 3,255,887 3,255,887 3,255,887
Diluted (in Shares) 4,975,665 3,255,887 4,824,652 3,255,887