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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]        
Net sales $ 2,672,742 $ 4,733,135 $ 8,948,575 $ 11,951,765
Cost of sales 1,661,653 2,520,653 5,066,052 6,284,046
Gross margin 1,011,089 2,212,482 3,882,523 5,667,719
Selling, general and administrative 740,696 609,394 1,866,756 1,847,028
Litigation expenses 1,998 16,830 10,208 118,890
Engineering, research and development 492,432 580,517 1,678,940 1,631,359
Total operating expenses 1,235,126 1,206,741 3,555,904 3,597,277
Income (loss) from operations (224,037) 1,005,741 326,619 2,070,442
Interest income 1,591 2,065 6,316 4,083
Other income 758 0 14,612 0
Gain on forgiveness of PPP loan 722,577 0 722,577 0
Change in fair value of common stock warrants 0 0 0 (73,000)
Interest expense - judgment (52,490) (84,715) (180,124) (255,821)
Interest expense (8,030) (15,514) (27,190) (44,117)
Total other income (expense) 664,406 (98,164) 536,191 (368,855)
Income before income taxes 440,369 907,577 862,810 1,701,587
Income tax (benefit) expense (59,264) 0 29,449 0
Net income 499,633 907,577 833,361 1,701,587
Preferred stock dividends (80,000) (80,000) (240,000) (240,000)
Net income attributable to common shareholders $ 419,633 $ 827,577 $ 593,361 $ 1,461,587
Basic income per common share (in Dollars per share) $ 0.13 $ 0.25 $ 0.18 $ 0.45
Diluted income per common share (in Dollars per share) $ 0.10 $ 0.18 $ 0.16 $ 0.35
Weighted average shares outstanding:        
Basic (in Shares) 3,255,887 3,255,887 3,255,887 3,255,887
Diluted (in Shares) 5,095,665 4,975,665 5,065,665 4,824,652