XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Net sales $ 6,457,295 $ 3,622,269 $ 9,398,063 $ 7,965,560
Cost of goods sold - acquired from Joint Venture   2,278,601   5,072,140
Cost of goods sold - other 4,353,267 253,322 6,216,892 558,245
GROSS PROFIT 2,104,028 1,090,346 3,181,171 2,335,175
Selling, general and administrative expense 1,264,209 1,134,909 2,250,878 2,371,748
Research and development expense 91,750 176,733 225,668 317,376
Operating income (loss) 748,069 (221,296) 704,625 (353,949)
Other expense:        
Loss from investment in Hong Kong Joint Venture   (373,827)   (742,791)
Interest expense (22,224) (105,691) (57,762) (213,028)
NET INCOME (LOSS) $ 725,845 $ (700,814) $ 646,863 $ (1,309,768)
Earnings (Loss) per share:        
Basic and diluted $ 0.31 $ (0.30) $ 0.28 $ (0.57)
Shares used in computing net earnings (loss) per share:        
Weighted average basic and diluted shares outstanding 2,312,887 2,312,887 2,312,887 2,312,887