XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Mar. 31, 2020
Current assets:    
Cash $ 2,941,731 $ 3,126,195
Accounts receivable, net 1,881,122 1,411,644
Inventories, net 2,930,864 3,092,679
Restricted cash to support appeal bond 2,011,050 2,008,544
Prepaid expenses and other current assets 239,447 382,428
Total current assets 10,004,214 10,021,490
Equipment and leasehold improvements, net 230,308 263,750
Operating lease right-of-use assets 146,907 306,740
Deferred tax asset, net 2,648,897 2,712,780
Other long-term assets 35,109 35,109
Total assets 13,065,435 13,339,869
Current liabilities:    
Line of credit 0 680,000
Operating lease liabilities – current portion 146,907 214,793
Accounts payable and accrued liabilities 681,118 1,035,023
Deferred revenues – current portion 116,399 145,168
Accrued legal damages 5,837,673 5,657,549
Finance lease obligations – current portion 0 49
Accrued payroll, vacation pay and payroll taxes 457,749 512,732
Total current liabilities 7,239,846 8,245,314
Operating lease liabilities – long-term 0 91,947
Deferred revenues – long-term 300,923 327,132
Total liabilities 7,540,769 8,664,393
Commitments and contingencies
Stockholders’ equity:    
Preferred stock
Common stock, 7,000,000 shares authorized, par value $0.10 per share, 3,255,887 shares issued and outstanding, respectively 325,586 325,586
Additional paid-in capital 7,392,453 7,616,624
Accumulated deficit (7,036,738) (7,870,099)
Total stockholders’ equity 5,524,666 4,675,476
Total liabilities and stockholders’ equity 13,065,435 13,339,869
Series A Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock 3,695,998 3,515,998
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock $ 1,147,367 $ 1,087,367