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Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Mar. 31, 2019
Current assets:    
Cash $ 3,126,195 $ 585,856
Accounts receivable, net of allowance for doubtful accounts of $7,500 and $7,500, respectively 1,411,644 2,196,099
Inventories, net 3,092,679 2,932,632
Restricted cash to support appeal bond 2,008,544 2,004,871
Prepaid expenses and other current assets 382,428 275,230
Total current assets 10,021,490 7,994,688
Equipment and leasehold improvements, net 263,750 236,370
Operating lease right-of-use assets 306,740 0
Deferred tax asset, net 2,712,780 63,500
Other assets 35,109 35,109
Total assets 13,339,869 8,329,667
Current liabilities:    
Line of credit 680,000 800,000
Finance lease obligations – current portion 49 6,885
Operating lease liabilities – current portion 214,793 0
Accounts payable 739,810 1,058,304
Deferred revenues – current portion 145,168 97,122
Accrued expenses - vacation pay, payroll and payroll withholdings 512,732 394,296
Accrued legal damages 5,657,549 5,312,085
Accrued expenses - related parties 0 3,017
Accrued expenses – other 295,213 432,472
Warrant liability 0 43,500
Total current liabilities 8,245,314 8,147,681
Operating lease liabilities – long-term 91,947 0
Deferred revenues – long-term 327,132 264,669
Total liabilities 8,664,393 8,412,350
Commitments and contingencies
Stockholders’ equity (deficit)    
Preferred stock
Common stock, 7,000,000 shares authorized, par value $.10 per share, 3,255,887 and 3,255,887 shares issued and outstanding, respectively 325,586 325,586
Additional paid-in capital 7,616,624 7,914,955
Accumulated deficit (7,870,099) (12,606,589)
Total stockholders’ equity (deficit) 4,675,476 (82,683)
Total liabilities and stockholders’ equity (deficit) 13,339,869 8,329,667
Series A Preferred Stock [Member]    
Stockholders’ equity (deficit)    
Preferred stock 3,515,998 3,275,998
Series B Preferred Stock [Member]    
Stockholders’ equity (deficit)    
Preferred stock $ 1,087,367 $ 1,007,367