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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Mar. 31, 2022
Current assets:    
Cash $ 4,249,794 $ 4,949,690
Accounts receivable, net of allowance for doubtful accounts of $7,425, respectively 1,372,327 1,049,040
Inventories, net 2,695,928 2,820,497
Restricted cash to support appeal bond 2,011,050 2,011,050
Prepaid expenses and other current assets 399,118 244,040
Total current assets 10,728,217 11,074,317
Equipment and leasehold improvements, net 111,127 115,338
Operating lease right-of-use assets 1,673,036 1,720,921
Deferred tax asset, net 2,561,504 2,499,587
Other long-term assets 35,109 35,109
Total assets 15,108,993 15,445,272
Current liabilities:    
Operating lease liabilities – current portion 196,271 194,370
Accounts payable 167,426 406,489
Deferred revenues - current portion 170,575 119,835
Accrued expenses ‐vacation pay, payroll and payroll withholdings 424,781 410,538
Accrued legal damages 6,149,193 6,097,273
Accrued expenses - other 345,857 174,145
Total current liabilities 7,454,103 7,402,650
Operating lease liabilities – long-term 1,476,765 1,526,551
Deferred revenues – long-term 257,759 289,071
Total liabilities 9,188,627 9,218,272
Commitments and contingencies
Stockholders’ equity:    
Preferred stock
Common stock, 7,000,000 shares authorized, par value $0.10 per share, 3,255,887 and 3,255,887 shares issued and outstanding, respectively 325,586 325,586
Additional paid-in capital 6,944,588 7,018,353
Accumulated deficit (6,193,173) (5,960,304)
Total stockholders’ equity 5,920,366 6,227,000
Total liabilities and stockholders’ equity 15,108,993 15,445,272
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