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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Mar. 31, 2021
Current assets:    
Cash $ 5,288,810 $ 3,485,275
Accounts receivable, net 1,385,384 1,933,321
Inventories, net 2,748,275 3,437,989
Restricted cash to support appeal bond 2,011,050 2,011,050
Prepaid expenses and other current assets 286,507 263,067
Total current assets 11,720,026 11,130,702
Equipment and leasehold improvements, net 127,322 200,769
Operating lease right-of-use assets 1,768,343 1,922,805
Deferred tax asset, net 2,396,594 2,675,040
Other long-term assets 35,108 35,110
Total assets 16,047,393 15,964,426
Current liabilities:    
Operating lease liabilities – current portion 192,487 201,883
Accounts payable 438,569 906,149
Deferred revenues - current portion 123,615 150,709
Accrued expenses ‐vacation pay, payroll and payroll withholdings 376,073 457,232
Accrued legal damages 6,045,924 5,889,023
Accrued expenses - other 220,115 365,975
Total current liabilities 7,396,783 7,970,971
Operating lease liabilities – long-term 1,575,856 1,720,921
Long term debt - PPP 0 722,577
Deferred revenues – long-term 307,578 332,428
Total liabilities 9,280,217 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 7,098,468 7,318,620
Accumulated deficit (5,500,243) (7,270,042)
Total stockholders’ equity 6,767,176 5,217,529
Total liabilities and stockholders’ equity 16,047,393 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