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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 31, 2023
Summary of Significant Accounting Policies [Abstract]  
Reconciliation of Basic and Diluted Net (Loss) Income Per Share
The following presents a reconciliation of basic and diluted net (loss) income per share.

 
Years Ended March 31,
  
   
2023
    
2022
    
2021
  
Net (loss) income
 
$
(4,207,000
)
  
$
7,361,000
    
$
21,476,000
  
Basic shares
    
19,340,246
      
19,119,727
      
19,023,145
  
Effect of dilutive stock options
    
-
      
439,919
      
364,410
  
Diluted shares
    
19,340,246
      
19,559,646
      
19,387,555
  
Net (loss) income per share:
                        
Basic net (loss) income per share
  
$
(0.22
)
  
$
0.38
    
$
1.13
  
Diluted net (loss) income per share
  
$
(0.22
)
  
$
0.38
    
$
1.11
  
Gain (Loss) on Equity Investments
The following summarizes the gain (loss) on the Company’s equity investments:

 
Years Ended March 31,
  
   
2023
    
2022
    
2021
  
Net (loss) gain recognized on equity securities
  
$
(181,000
)
  
$
163,000
    
$
521,000
  
Less: net (loss) gain recognized on equity securities sold
    
(15,000
)
    
-
      
10,000
  
Unrealized (loss) gain recognized on equity securities still held
  
$
(166,000
)
  
$
163,000
    
$
511,000