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Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Mar. 31, 2020
Current assets:    
Cash $ 3,485,275 $ 3,126,195
Accounts receivable, net of allowance for doubtful accounts of $7,500 and $7,500, respectively 1,933,321 1,411,644
Inventories, net 3,437,989 3,092,679
Restricted cash to support appeal bond 2,011,050 2,008,544
Prepaid expenses and other current assets 263,067 447,195
Total current assets 11,130,702 10,086,257
Equipment and leasehold improvements, net 200,769 263,750
Operating lease right-of-use assets 1,922,805 306,740
Deferred tax asset, net 2,675,040 2,648,013
Other assets 35,110 35,109
Total assets 15,964,426 13,339,869
Current liabilities:    
Line of credit 0 680,000
Finance lease obligations – current portion 0 49
Operating lease liabilities – current portion 201,883 214,793
Accounts payable 906,149 739,810
Deferred revenues – current portion 150,709 145,168
Accrued expenses - vacation pay, payroll and payroll withholdings 457,232 512,732
Accrued legal damages 5,889,023 5,657,549
Accrued expenses – other 365,975 295,213
Total current liabilities 7,970,971 8,245,314
Operating lease liabilities – long-term 1,720,921 91,947
Long Term Debt-PPP 722,577  
Deferred revenues – long-term 332,428 327,132
Total liabilities 10,746,897 8,664,393
Commitments and contingencies
Stockholders’ equity    
Preferred stock
Common stock, 7,000,000 shares authorized, par value $.10 per share, 3,255,887 and 3,255,887 shares issued and outstanding, respectively 325,586 325,586
Additional paid-in capital 7,318,620 7,616,624
Accumulated deficit (7,270,042) (7,870,099)
Total stockholders’ equity 5,217,529 4,675,476
Total liabilities and stockholders’ equity 15,964,426 13,339,869
Series A Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock 3,695,998 3,515,998
Series B Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock $ 1,147,367 $ 1,087,367