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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Mar. 31, 2019
CURRENT ASSETS    
Cash $ 39,558 $ 374,472
Accounts receivable:    
Trade, less allowance for doubtful accounts 317,603 365,293
Receivables from employees 56,780 54,916
Receivable from Hong Kong Joint Venture 81,756 45,217
Accounts, Notes, Loans and Financing Receivable, Net, Current 456,139 465,426
Amount due from factor 1,618,523 2,549,986
Inventories - finished goods 7,051,113 6,852,305
Prepaid expenses 127,764 145,190
TOTAL CURRENT ASSETS 9,293,097 10,387,379
INVESTMENT IN HONG KONG JOINT VENTURE 7,404,145 8,441,889
INTANGIBLE ASSET - NET 51,426 53,660
PROPERTY AND EQUIPMENT - NET 425,425 19,998
OTHER ASSETS 4,000 4,000
TOTAL ASSETS 17,178,093 18,906,926
CURRENT LIABILITIES    
Line of credit - factor 1,185,277 1,851,591
Short-term portion of lease asset liability 140,776  
Accounts payable - Hong Kong Joint Venture 5,501,165 4,962,023
Accounts payable - trade 314,598 616,444
Accrued liabilities:    
Accrued payroll and employee benefits 106,539 132,132
Accrued commissions and other 397,374 470,876
TOTAL CURRENT LIABILITIES 7,645,729 8,033,066
LONG-TERM PORTION OF LEASE ASSET LIABILITY 263,224  
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY    
Common stock, $.01 par value per share; authorized 20,000,000 shares; 2,312,887 shares issued and outstanding at September 30, 2019 and March 31, 2019 23,129 23,129
Additional paid-in capital 12,885,841 12,885,841
Accumulated Deficit (3,956,634) (2,646,866)
Accumulated other comprehensive income 316,804 611,756
TOTAL SHAREHOLDERS' EQUITY 9,269,140 10,873,860
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 17,178,093 $ 18,906,926