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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Mar. 31, 2023
Current assets:    
Cash $ 4,531,637 $ 3,839,398
Accounts receivable, net 1,237,544 900,881
Inventories, net 3,606,661 3,586,065
Restricted cash to support appeal bond 2,011,133 2,011,083
Prepaid expenses and other current assets 244,448 817,625
Total current assets 11,631,423 11,155,052
Equipment and leasehold improvements, net 86,876 85,167
Operating lease right-of-use assets 1,476,765 1,526,551
Deferred tax asset, net 2,547,388 2,627,935
Other long-term assets 35,109 35,109
Total assets 15,777,561 15,429,814
Current liabilities:    
Line of credit 690,000 690,000
Operating lease liabilities – current portion 204,065 202,087
Accounts payable 313,222 322,582
Deferred revenues - current portion 107,296 123,117
Accrued expenses ‐vacation pay, payroll and payroll withholdings 304,450 240,034
Accrued legal damages 6,430,943 6,360,698
Accrued expenses - other 166,046 157,896
Total current liabilities 8,216,022 8,096,414
Operating lease liabilities – long-term 1,272,700 1,324,464
Other long term liabilities 51,438 53,416
Deferred revenues – long-term 157,203 173,883
Total liabilities 9,697,363 9,648,177
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 6,644,804 6,721,535
Accumulated deficit (6,053,557) (6,348,849)
Total stockholders’ equity 6,080,198 5,781,637
Total liabilities and stockholders’ equity 15,777,561 15,429,814
Series A Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock 3,935,998 3,875,998
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock $ 1,227,367 $ 1,207,367