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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2020
Mar. 31, 2020
CURRENT ASSETS    
Cash $ 146,393 $ 93,794
Accounts receivable:    
Trade, less allowance for doubtful accounts 21,729 109,548
Receivables from employees 35,557 36,876
Accounts, Notes, Loans and Financing Receivable, Net, Current 57,286 146,424
Amount due from factor 4,566,596 2,300,109
Inventories - finished goods 3,460,325 5,123,959
Prepaid expenses 162,057 113,145
TOTAL CURRENT ASSETS 8,392,657 7,777,431
INTANGIBLE ASSETS - NET 46,953 49,189
PROPERTY AND EQUIPMENT - NET 265,578 346,477
OTHER ASSETS 4,000 4,000
TOTAL ASSETS 8,709,188 8,177,097
CURRENT LIABILITIES    
Line of credit - factor 1,158,796 1,561,665
Note payable - bank 221,400  
Short-term portion of operating lease liability 173,625 158,578
Accounts payable - trade 560,103 505,904
Accounts payable - Eyston Company Ltd.   266,409
Accrued liabilities:    
Accrued payroll and employee benefits 142,907 136,683
Accrued commissions and other 198,057 88,694
TOTAL CURRENT LIABILITIES 2,454,888 2,717,933
NOTE PAYABLE - Eyston Company Ltd. 1,081,440  
ACCOUNTS PAYABLE - Eyston Company Ltd. - noncurrent   839,831
LONG-TERM PORTION OF OPERATING LEASE LIABILITY 77,784 171,120
TOTAL LONG-TERM LIABILITIES 1,159,224 1,010,951
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, 2020 and March 31, 2020 23,129 23,129
Additional paid-in capital 12,885,841 12,885,841
Accumulated Deficit (7,813,894) (8,460,757)
TOTAL SHAREHOLDERS' EQUITY 5,095,076 4,448,213
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 8,709,188 $ 8,177,097