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Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net sales $ 11,582,520 $ 15,774,943
Cost of sales 6,800,021 8,365,042
Gross margin 4,782,499 7,409,901
Selling, general and administrative 2,165,190 2,477,548
Litigation expenses 248,004 140,050
Engineering, research and development 2,295,901 2,239,811
Total operating expenses 4,709,095 4,857,409
Income from operations 73,404 2,552,492
Interest income 7,483 5,819
Change in fair value of common stock warrants 0 (73,000)
Forgiveness of PPP Loan 722,577 0
Interest expense (29,779) (55,557)
Interest expense – judgment (231,474) (342,544)
Other Income 30,819 0
Total other (expense) income 499,626 (465,282)
Income before income taxes 573,030 2,087,210
Benefit for income taxes (27,027) (2,649,280)
Net income 600,057 4,736,490
Preferred dividends (320,000) (320,000)
Net income attributable to common shareholders $ 280,057 $ 4,416,490
Basic income per common share (in Dollars per share) $ 0.09 $ 1.36
Diluted income per common share (in Dollars per share) $ 0.12 $ 0.95
Weighted average number of shares outstanding    
Basic (in Shares) 3,255,887 3,255,887
Diluted (in Shares) 5,073,165 4,960,665