XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (unaudited)        
Net sales $ 3,569,718 $ 3,667,276 $ 11,566,176 $ 11,075,620
Cost of sales 2,864,274 3,352,962 9,034,858 9,238,287
Gross profit 705,444 314,314 2,531,318 1,837,333
Selling, general and administrative 716,361 662,675 2,205,739 2,145,055
(Loss) income from operations (10,917) (348,361) 325,579 (307,722)
Other (expense) income (219) 185 1,237 21,063
Interest expense (50,405) (69,328) (159,885) (218,447)
Total other expense, net (50,624) (69,143) (158,648) (197,384)
(Loss) income before income taxes (61,541) (417,504) 166,931 (505,106)
Income tax (benefit) expense (13,369) (97,734) 60,573 (115,092)
Net (loss) income (48,172) (319,770) 106,358 (390,014)
Other comprehensive income (loss), before tax:        
Foreign currency translation adjustments 1,252 9 151 (329)
Other comprehensive income (loss), net of tax 1,252 9 151 (329)
Comprehensive (loss) income $ (46,920) $ (319,761) $ 106,509 $ (390,343)
Net (loss) income per share basic $ 0.00 $ (0.01) $ 0.00 $ (0.01)
Net (loss) income per share diluted $ 0.00 $ (0.01) $ 0.00 $ (0.01)
Weighted average number of shares outstanding:        
Basic 29,498,662 29,254,594 29,430,206 29,254,230
Diluted weighted average shares 29,498,662 29,254,594 31,021,384 29,254,230