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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Mar. 31, 2021
Current assets:    
Cash $ 4,758,819 $ 3,485,275
Accounts receivable, net 1,318,276 1,933,321
Inventories, net 3,051,343 3,437,989
Restricted cash to support appeal bond 2,011,050 2,011,050
Prepaid expenses and other current assets 259,556 263,067
Total current assets 11,399,044 11,130,702
Equipment and leasehold improvements, net 169,388 200,769
Operating lease right-of-use assets 1,867,505 1,922,805
Deferred tax asset, net 2,521,926 2,675,040
Other long-term assets 35,109 35,110
Total assets 15,992,972 15,964,426
Current liabilities:    
Operating lease liabilities – current portion 194,469 201,883
Accounts payable 384,559 906,149
Deferred revenues – current portion 154,382 150,709
Accrued expenses ‐- vacation pay, payroll and payroll withholdings 542,074 457,232
Accrued legal damages 5,940,943 5,889,023
Accrued expenses - other 331,848 365,975
Total current liabilities 7,548,275 7,970,971
Operating lease liabilities – long-term 1,673,036 1,720,921
Long Term Debt - PPP 722,577 722,577
Deferred revenues – long-term 329,886 332,428
Total liabilities 10,273,774 10,746,897
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 7,244,788 7,318,620
Accumulated deficit (6,694,541) (7,270,042)
Total stockholders’ equity 5,719,198 5,217,529
Total liabilities and stockholders’ equity 15,992,972 15,964,426
Series A Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock 3,695,998 3,695,998
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock $ 1,147,367 $ 1,147,367