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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Mar. 31, 2021
CURRENT ASSETS    
Cash $ 168,570 $ 160,604
Accounts receivable:    
Trade, less allowance for doubtful accounts 302,427 653,172
Receivables from employees 5,000 5,000
Accounts, Notes, Loans and Financing Receivable, Net, Current 307,427 658,172
Amount due from factor 3,575,028 1,925,291
Inventories - finished goods 4,966,226 4,181,193
Prepaid expenses 529,196 336,699
TOTAL CURRENT ASSETS 9,546,447 7,261,959
INTANGIBLE ASSETS - NET 42,481 44,717
PROPERTY AND EQUIPMENT - NET 97,506 184,678
OTHER ASSETS 4,000 4,000
TOTAL ASSETS 9,690,434 7,495,354
CURRENT LIABILITIES    
Line of credit - factor 2,413,447 18,904
Note payable - Eyston Company Ltd. 1,081,440  
Short-term portion of operating lease liability 87,908 171,122
Accounts payable - trade 396,426 509,561
Accounts payable - Eyston Company Ltd. 675,244 755,148
Accrued liabilities:    
Accrued payroll and employee benefits 91,414 103,381
Accrued commissions and other 105,662 139,242
TOTAL CURRENT LIABILITIES 4,851,541 1,697,358
NOTE PAYABLE - Eyston Company Ltd.   1,081,440
TOTAL LONG-TERM LIABILITIES   1,081,440
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 30,2021 and March 31, 2021 23,129 23,129
Additional paid-in capital 12,885,841 12,885,841
Accumulated Deficit (8,070,077) (8,192,414)
TOTAL SHAREHOLDERS' EQUITY 4,838,893 4,716,556
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 9,690,434 $ 7,495,354