Income Taxes (Tables)

12 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax provision (benefit):

	Fiscal Year Ended
	March 31,			March 31,
	2023			2022
Current:
Federal	$	-		$	-
State and local		211			-
Total current tax provision		211			-
Deferred:
Federal		(120,422	)		178,780
State and local		(7,926	)		(3,327	)
Release of valuation allowance		-			-
Total deferred tax provision (benefit)		(128,348	)		175,453
Total provision (benefit)	$	(128,137	)	$	175,453

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The approximate values of the components of the Company’s deferred taxes on March 31, 2023, and 2022 are as follows:

	March 31,			March 31,
	2023			2022
Deferred tax assets (liabilities):
Net operating loss carryforwards	$	566,694		$	706,643
Tax credits		329,032			329,032
Charitable contributions		54			52
Legal damages		1,363,176			1,291,734
Allowance for doubtful accounts		1,372			1,572
Reserve for inventory obsolescence		98,608			108,696
Vacation accrual		35,025			39,349
Warranty reserve		18,732			18,518
Deferred revenues		63,651			86,629
Stock options		16,001			15,819
Gain on Sale of Asset		354			350
Depreciation		5,986			1,193
174 Capitalization		229,250			-
Deferred tax asset		2,727,935			2,599,587
Less valuation allowance		(100,000	)		(100,000	)
Deferred tax asset, net	$	2,627,935		$	2,499,587

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the income tax expense (benefit) provision at the statutory Federal tax rate of 21% for the years ended March 31, 2023, and 2022, respectively, to the income tax benefit provision recognized in the financial statements is as follows:

	March 31,			March 31,
	2023			2022
Income tax provision – statutory rate	$	(108,503	)	$	311,492
Income tax expenses – state and local, net of federal benefit		(3,966	)		2,949
Permanent items		(126,355	)		(147,597	)
True ups		110,687			8,609
Income tax provision (benefit)	$	(128,137	)	$	175,453