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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Mar. 31, 2018
Current Assets    
Cash and cash equivalents $ 368,863 $ 376,987
Accounts receivable - net of allowance for doubtful accounts of $422,808 and $390,939 at September 30 and March 31, 2018, respectively 12,702,096 13,083,487
Inventories - net of allowance for obsolete and slow-moving inventory of $410,268 and $346,344 at September 30 and March 31, 2018, respectively 40,604,712 34,555,553
Prepaid expenses and other current assets 3,371,257 3,724,759
Total Current Assets 57,046,928 51,740,786
Equipment - net 762,290 839,409
Intangible assets - net of accumulated amortization of $8,710,096 and $8,485,253 at September 30 and March 31, 2018, respectively 5,744,102 5,968,945
Goodwill 496,226 496,226
Investment in non-consolidated affiliate, at equity 903,067 813,926
Restricted cash 360,025 382,279
Other assets 93,587 91,789
Total Assets 65,406,225 60,333,360
Current Liabilities    
Current maturities of notes payable 127,154 176,148
Accounts payable 8,765,538 7,674,858
Accrued expenses 2,755,372 2,497,001
Due to shareholders and affiliates 1,792,386 2,785,910
Total Current Liabilities 13,440,450 13,133,917
Long-Term Liabilities    
Credit facility, net (including $761,600 and $576,546 of related-party participation at September 30 and March 31, 2018, respectively) 22,182,692 18,505,897
Note payable - 11% Subordinated note 20,000,000 20,000,000
Notes payable - GCP Note 216,869 211,580
Deferred tax liability 485,604 485,484
Other 6,778 6,778
Total Liabilities 56,332,393 52,343,656
Commitments and Contingencies (Note 11)
Equity    
Preferred stock, $.01 par value, 25,000,000 shares authorized, no shares issued and outstanding at September 30 and March 31, 2018
Common stock, $.01 par value, 300,000,000 shares authorized at September 30 and March 31, 2018, 168,553,992 and 166,330,733 shares issued and outstanding at September 30 and March 31, 2018, respectively 1,685,540 1,663,307
Additional paid-in capital 156,186,890 154,731,044
Accumulated deficit (150,798,115) (149,891,272)
Accumulated other comprehensive loss (2,167,272) (2,082,011)
Total controlling shareholders' equity 4,907,043 4,421,068
Noncontrolling interests 4,166,789 3,568,636
Total Equity, including noncontrolling interests 9,073,832 7,989,704
Total Liabilities and Equity $ 65,406,225 $ 60,333,360