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Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Mar. 31, 2023
Current assets:    
Cash $ 132,013 $ 3,839,398
Accounts receivable, net 1,110,548 900,881
Inventories, net 5,411,644 3,586,065
Restricted cash to support appeal bond 0 2,011,083
Prepaid expenses and other current assets 214,161 817,625
Total current assets 6,868,366 11,155,052
Equipment and leasehold improvements, net 73,195 85,167
Operating lease right-of-use assets 1,324,463 1,526,551
Deferred tax asset, net 2,450,657 2,627,935
Other assets 35,109 35,109
Total assets 10,751,790 15,429,814
Current liabilities:    
Line of credit 690,000 690,000
Operating lease liabilities - current portion 210,111 202,087
Accounts payable 1,276,935 322,582
Deferred revenues - current portion 72,803 123,117
Accrued expenses - vacation pay, payroll and payroll withholdings 248,713 240,034
Accrued legal damages 0 6,360,698
Accrued expenses - other 120,027 157,896
Total current liabilities 2,618,589 8,096,414
Operating lease liabilities – long-term 1,114,352 1,324,464
Other long term liabilities 45,501 53,416
Deferred revenues – long-term 119,721 173,883
Total liabilities 3,898,163 9,648,177
Commitments and contingencies
Stockholders’ equity    
Preferred stock
Common stock, 7,000,000 shares authorized, par value $.10 per share, 3,255,887 and 3,255,887 shares issued and outstanding, respectively 325,586 325,586
Additional paid-in capital 6,379,085 6,721,535
Accumulated deficit (6,006,958) (6,348,849)
Total stockholders’ equity 6,853,627 5,781,637
Total liabilities and stockholders’ equity 10,751,790 15,429,814
Series A Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock 4,115,998 3,875,998
Series B Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock 1,704,701 1,207,367
Series C Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock $ 335,215 $ 0