Risks and Uncertainties	12 Months Ended
Mar. 31, 2020
Risks And Uncertainties [Abstract]
Risks and Uncertainties	NOTE 12 — RISKS AND UNCERTAINTIES: Customer Concentration For the twelve months ended March 31, 2020, the Company’s three largest customers, accounted for approximately 80% of the Company’s net revenues, with Walmart accounting for 44%, Amazon.com accounting for 25% and Fred Meyer accounting for 11%. For the twelve months ended March 31, 2019 the Company’s three largest customers, accounted for approximately 79% of the Company’s net revenue with Walmart accounting for 50%, Amazon.com accounting for 16% and Fred Meyer accounting for 13%. Product Concentration For the twelve months ended March 31, 2020, the Company’s gross product sales were comprised of four product types within two categories — housewares products and audio products — and microwave ovens, which product type is within the housewares category, generated approximately 35% of the Company’s gross product sales. Audio products generated approximately 61% of the Company’s gross product sales during fiscal 2020. For the twelve months ended March 31, 2019, the Company’s gross product sales were comprised of the same four product types within the same two categories — housewares products and audio products — and microwave ovens, which product type is within the housewares category, generated approximately 39% of the Company’s gross product sales. Audio products generated approximately 57% of the Company’s gross product sales during fiscal 2019. As a result of this dependence, a significant decline in pricing of, or market acceptance of these product types and categories, either in general or specifically as marketed by the Company, would have a material adverse effect on the Company’s business, financial condition and results of operations. Because the market for these product types and categories is characterized by periodic new product introductions, the Company’s future financial performance will depend, in part, on the successful and timely development and customer acceptance of new and enhanced versions of these product types and other products distributed by the Company. There can be no assurance that the Company will continue to be successful in marketing these products types within these categories or any other new or enhanced products. Concentrations of Credit Risk As a percent of the Company’s total trade accounts receivable, net of specific reserves, Walmart and Amazon.com accounted for 45% and 45% as of March 31, 2020, respectively. As a percent of the Company’s total trade accounts receivable, net of specific reserves, Walmart and Amazon.com accounted for 47% and 29% as of March 31, 2019, respectively. The Company periodically performs credit evaluations of its customers but generally does not require collateral, and the Company provides for any anticipated credit losses in the financial statements based upon management’s estimates and ongoing reviews of recorded allowances. The accounts receivable allowance for doubtful accounts on the Company’s total trade accounts receivable balances was approximately $4,000 at March 31, 2020 and approximately $2,000 at March 31, 2019. Due to the high concentration of the Company’s net trade accounts receivables among just two customers, any significant failure by one of these customers to pay the Company the amounts owing against these receivables would result in a material adverse effect on the Company’s business, financial condition and results of operations. The Company maintains its cash accounts with major U.S. and foreign financial institutions. The Company’s cash and restricted cash balances on deposit in the U.S. as of March 31, 2020 and March 31, 2019 were insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per qualifying bank account in accordance with FDIC rules. The Company’s cash, cash equivalents and restricted cash balances in excess of these FDIC-insured limits were approximately $6.0 million and approximately $7.6 million at March 31, 2020 and March 31, 2019, respectively. Supplier Concentration During the twelve months ended March 31, 2020, the Company procured approximately 87% of its products for resale from its two largest factory suppliers, both of which are located in China, and of these, the Company procured approximately 50% of these products from one of them and 37% from another. During the twelve months ended March 31, 2019, the Company procured approximately 90% of its products for resale from its two largest factory suppliers, and of these, the Company procured approximately 71% of these products from one of them and 19% from another. No assurance can be given that ample supply of product would be available at current prices and on current credit terms if the Company were required to seek alternative sources of supply without adequate notice by a supplier or a reasonable opportunity to seek alternate production facilities and component parts and any resulting significant shortage of product supply would have a material adverse effect on the Company’s business, financial condition and results of operation.

Risks and Uncertainties

12 Months Ended

Mar. 31, 2020

NOTE 12 — RISKS AND UNCERTAINTIES:

Customer Concentration

For the twelve months ended March 31, 2020, the Company’s three largest customers, accounted for approximately 80% of the Company’s net revenues, with Walmart accounting for 44%, Amazon.com accounting for 25% and Fred Meyer accounting for 11%. For the twelve months ended March 31, 2019 the Company’s three largest customers, accounted for approximately 79% of the Company’s net revenue with Walmart accounting for 50%, Amazon.com accounting for 16% and Fred Meyer accounting for 13%.

Product Concentration

For the twelve months ended March 31, 2020, the Company’s gross product sales were comprised of four product types within two categories — housewares products and audio products — and microwave ovens, which product type is within the housewares category, generated approximately 35% of the Company’s gross product sales. Audio products generated approximately 61% of the Company’s gross product sales during fiscal 2020.

For the twelve months ended March 31, 2019, the Company’s gross product sales were comprised of the same four product types within the same two categories — housewares products and audio products — and microwave ovens, which product type is within the housewares category, generated approximately 39% of the Company’s gross product sales. Audio products generated approximately 57% of the Company’s gross product sales during fiscal 2019.

As a result of this dependence, a significant decline in pricing of, or market acceptance of these product types and categories, either in general or specifically as marketed by the Company, would have a material adverse effect on the Company’s business, financial condition and results of operations. Because the market for these product types and categories is characterized by periodic new product introductions, the Company’s future financial performance will depend, in part, on the successful and timely development and customer acceptance of new and enhanced versions of these product types and other products distributed by the Company. There can be no assurance that the Company will continue to be successful in marketing these products types within these categories or any other new or enhanced products.

Concentrations of Credit Risk

As a percent of the Company’s total trade accounts receivable, net of specific reserves, Walmart and Amazon.com accounted for 45% and 45% as of March 31, 2020, respectively. As a percent of the Company’s total trade accounts receivable, net of specific reserves, Walmart and Amazon.com accounted for 47% and 29% as of March 31, 2019, respectively. The Company periodically performs credit evaluations of its customers but generally does not require collateral, and the Company provides for any anticipated credit losses in the financial statements based upon management’s estimates and ongoing reviews of recorded allowances. The accounts receivable allowance for doubtful accounts on the Company’s total trade accounts receivable balances was approximately $4,000 at March 31, 2020 and approximately $2,000 at March 31, 2019. Due to the high concentration of the Company’s net trade accounts receivables among just two customers, any significant failure by one of these customers to pay the Company the amounts owing against these receivables would result in a material adverse effect on the Company’s business, financial condition and results of operations.

The Company maintains its cash accounts with major U.S. and foreign financial institutions. The Company’s cash and restricted cash balances on deposit in the U.S. as of March 31, 2020 and March 31, 2019 were insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per qualifying bank account in accordance with FDIC rules. The Company’s cash, cash equivalents and restricted cash balances in excess of these FDIC-insured limits were approximately $6.0 million and approximately $7.6 million at March 31, 2020 and March 31, 2019, respectively.

Supplier Concentration

During the twelve months ended March 31, 2020, the Company procured approximately 87% of its products for resale from its two largest factory suppliers, both of which are located in China, and of these, the Company procured approximately 50% of these products from one of them and 37% from another. During the twelve months ended March 31, 2019, the Company procured approximately 90% of its products for resale from its two largest factory suppliers, and of these, the Company procured approximately 71% of these products from one of them and 19% from another.

No assurance can be given that ample supply of product would be available at current prices and on current credit terms if the Company were required to seek alternative sources of supply without adequate notice by a supplier or a reasonable opportunity to seek alternate production facilities and component parts and any resulting significant shortage of product supply would have a material adverse effect on the Company’s business, financial condition and results of operation.