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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 3,336,396 $ 3,912,168 $ 6,275,833 $ 7,218,630
Cost of sales 1,969,573 2,038,535 3,404,399 3,763,393
Gross margin 1,366,823 1,873,633 2,871,434 3,455,237
Selling, general and administrative 464,809 625,163 1,126,060 1,237,634
Litigation expenses 5,514 91,553 8,210 102,060
Engineering, research and development 554,555 525,739 1,186,508 1,050,842
Total operating expenses 1,024,878 1,242,455 2,320,778 2,390,536
Income from operations 341,945 631,178 550,656 1,064,701
Interest income 1,879 1,018 4,725 2,018
Other income 0 0 13,854 0
Change in fair value of common stock warrants 0 5,500 0 (73,000)
Interest expense – judgement (52,490) (90,596) (127,634) (171,106)
Interest expense (9,380) (10,866) (19,160) (28,603)
Total other expense, net (59,991) (94,944) (128,215) (270,691)
Income before income taxes 281,954 536,234 422,441 794,010
Income tax expense 59,206 0 88,713 0
Net income 222,748 536,234 333,728 794,010
Preferred dividends 80,000 80,000 160,000 160,000
Net income attributable to common shareholders $ 142,748 $ 456,234 $ 173,728 $ 634,010
Basic income per common share (in Dollars per share) $ 0.04 $ 0.14 $ 0.05 $ 0.19
Diluted income per common share (in Dollars per share) $ 0.04 $ 0.11 $ 0.05 $ 0.16
Weighted average shares outstanding:        
Basic (in Shares) 3,255,887 3,255,887 3,255,887 3,255,887
Diluted (in Shares) 5,068,949 4,945,665 3,255,887 4,945,665