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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]        
Net sales $ 3,171,532 $ 2,672,742 $ 10,914,787 $ 8,948,575
Cost of sales 1,763,739 1,661,653 5,824,341 5,066,052
Gross margin 1,407,793 1,011,089 5,090,446 3,882,523
Selling, general and administrative 523,966 740,696 1,674,618 1,866,756
Litigation expenses 17,145 1,998 21,545 10,208
Engineering, research, and development 574,118 492,432 1,950,545 1,678,940
Total operating expenses 1,115,229 1,235,126 3,646,708 3,555,904
Income (loss) from operations 292,564 (224,037) 1,443,738 326,619
Interest income 996 1,591 2,977 6,316
Other income 0 758 35,854 14,612
Gain on forgiveness of PPP loan 0 722,577 722,577 722,577
Interest expense – judgement (52,490) (52,490) (156,901) (180,124)
Interest expense 0 (8,030) 0 (27,190)
Total other net (expense) income (51,494) 664,406 604,507 536,191
Income before income taxes 241,070 440,369 2,048,245 862,810
Income tax (benefit) expense 46,448 (59,264) 278,446 29,449
Net income 194,622 499,633 1,769,799 833,361
Preferred dividends (80,000) (80,000) (240,000) (240,000)
Net income attributable to common shareholders $ 114,622 $ 419,633 $ 1,529,799 $ 593,361
Basic income per common share (in Dollars per share) $ 0.04 $ 0.13 $ 0.47 $ 0.18
Diluted income per common share (in Dollars per share) $ 0.04 $ 0.1 $ 0.35 $ 0.16
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 5,095,665 5,095,665 5,065,665