XML 85 R60.htm IDEA: XBRL DOCUMENT v3.25.1
SCHEDULE OF EFFECT OF RESTATEMENT OF CONSOLIDATED BALANCE SHEETS (Details) - USD ($)
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Mar. 31, 2022
Apr. 30, 2021
Mar. 31, 2021
Current Assets:                  
Cash and cash equivalents   $ 55,586,441 $ 54,679,868 $ 49,564,868 $ 47,505,047 $ 39,134,027 $ 23,281,475   $ 118,341,471
Accounts receivable, net   28,221,321 21,121,450 23,030,851 21,348,226 29,346,380 43,955,084    
Due from related parties             15,000    
Inventories   45,563,334 49,502,732 53,014,205 55,924,655 54,344,819 59,016,152    
Prepaid expenses   2,154,170 3,708,865 3,920,007 5,294,454 5,126,667 3,423,925    
Current portion of restricted cash         500,000 500,000 0    
Total Current Assets   131,525,266 129,012,915 129,529,931 130,572,382 128,451,893 129,691,636    
Equipment, net   58,082,040 57,278,603 55,821,414 55,923,867 55,963,255 37,637,806    
Other Assets:                  
Deposits   349,278 2,265,932 3,189,518 4,064,582 7,028,947 11,360,322    
Intangible assets, net   115,805,073              
Other intangible assets, net     114,296,627 117,440,022 120,583,416        
Goodwill   90,870,094 90,870,094 90,870,094 90,870,094 90,870,094 90,870,094 $ 90,870,094  
Right of use assets - operating leases   2,000,093 2,113,943 1,017,982 1,141,418 1,261,634 2,791,850    
Deferred income tax asset   4,407,491 3,044,238 2,684,640 802,855 595,756 1,350,868    
TOTAL ASSETS   403,039,335 403,773,545 405,579,981 409,120,181 413,195,143 415,840,465    
Current Liabilities:                  
Accounts payable   23,156,495 19,146,138 19,598,548 16,356,614 18,079,397 26,817,083    
Factoring liability   0       0 485,671    
Accrued liabilities   7,065,444 6,603,892 6,282,980 4,677,757 4,388,132 6,213,592    
Inventory credit facility             825,675    
Current portion of operating lease liability   479,651 463,059 370,980 421,477 470,734 831,429    
Current portion of note payable related party           180,850 684,639    
Current portion of construction note payable   273,459 265,977 265,977 277,216 260,429      
Insurance premium note payable     173,029 1,157,745 2,204,293 2,118,635      
Total Current Liabilities   30,975,049 26,652,095 27,676,230 23,937,357 25,498,177 35,858,089    
Long-term Liabilities:                  
Contingent consideration payable   59,838 80,080 99,302 119,354 140,378 204,142    
Income tax payable   1,609,520 1,609,520 1,609,520 1,609,520 1,609,520 1,609,520    
Notes payable related party, net of current portion             181,132    
Construction note payable, net of unamortized issuance costs   10,735,241 10,797,696 10,830,663 10,861,510 10,922,443 38,330    
Operating lease liability, net of current portion   1,609,836 1,737,615 744,616 825,043 903,490 2,091,351    
Deferred income tax liability       0 0 0      
Total Liabilities   44,989,484 40,877,006 40,960,331 37,352,784 39,074,008 39,982,564    
Shareholders’ Equity:                  
Series A cumulative perpetual preferred Stock   1,400 1,400 1,400 1,400 1,400 1,400    
Common stock   119,181 118,644 118,461 117,946 118,294 116,487    
Additional paid-in capital   430,525,824 429,381,115 427,619,626 425,920,655 424,739,847 414,084,541    
Accumulated deficit   (69,923,398) (63,931,464) (60,743,047) (52,294,441) (50,216,248) (38,344,527)   (61,543,056)
Treasury Stock   (2,673,156) (2,673,156) (2,376,790) (1,978,163) (522,158)      
Total Shareholders’ Equity   358,049,851 362,896,539 364,619,650 371,767,397 374,121,135 375,857,901   160,729,013
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   403,039,335 403,773,545 405,579,981 409,120,181 413,195,143 415,840,465    
Patents [Member]                  
Other Assets:                  
Intangible assets, net   4,756,006 4,891,193 5,026,380 5,161,567 5,296,754 5,837,502    
Other Intangible Assets [Member]                  
Other Assets:                  
Intangible assets, net   111,049,067       123,726,810 136,300,387    
Related Party [Member]                  
Current Assets:                  
Accounts receivable, net   201,646       182,344 139,164    
Long-term Liabilities:                  
Notes payable related party, net of current portion             181,132    
As Previously Reported [Member]                  
Current Assets:                  
Cash and cash equivalents   55,586,441 54,679,868 49,564,868 47,505,047 39,134,027 23,281,475   118,341,471
Accounts receivable, net   28,221,321 21,121,450 23,030,851 21,348,226 29,346,380 43,955,084    
Inventories   45,563,334 49,502,732 53,014,205 55,924,655 54,344,819 59,016,152    
Prepaid expenses   2,154,170 3,708,865 3,920,007 5,294,454 5,126,667 3,423,925    
Current portion of restricted cash         500,000 500,000      
Total Current Assets   131,525,266 129,012,915 129,529,931 130,572,382 128,451,893 129,691,636    
Equipment, net   58,082,040 57,278,603 55,821,414 55,923,867 55,963,255 37,637,806    
Other Assets:                  
Deposits   349,278 2,265,932 3,189,518 4,064,582 7,028,947 11,360,322    
Other intangible assets, net     114,296,627 117,440,022 120,583,416        
Goodwill   90,870,094 90,870,094 90,870,094 90,870,094 90,870,094 90,870,094    
Right of use assets - operating leases   2,000,093 2,113,943 1,017,982 1,141,418 1,261,634 2,791,850    
Deferred income tax asset   1,487,088 115,908            
TOTAL ASSETS   399,902,216 400,616,678 402,654,983 408,065,147 412,335,387 414,178,313    
Current Liabilities:                  
Accounts payable   23,156,495 19,146,138 19,598,548 16,356,614 18,079,397 26,817,083    
Factoring liability             485,671    
Accrued liabilities   7,030,667 6,570,668 6,250,164 4,641,469 4,353,354 6,178,814    
Inventory credit facility             825,675    
Current portion of operating lease liability   479,651 463,059 370,980 421,477 470,734 831,429    
Current portion of note payable related party           180,850 684,639    
Current portion of construction note payable   273,459 265,977 265,977 277,216 260,429      
Insurance premium note payable     173,029 1,157,745 2,204,293 2,118,635      
Total Current Liabilities   30,940,272 26,618,871 27,643,414 23,901,069 25,463,399 35,823,311    
Long-term Liabilities:                  
Contingent consideration payable   59,838 80,080 99,302 119,354 140,378 204,142    
Notes payable related party, net of current portion             181,132    
Construction note payable, net of unamortized issuance costs   10,735,241 10,797,696 10,830,663 10,861,510 10,922,443 38,330    
Operating lease liability, net of current portion   1,609,836 1,737,615 744,616 825,043 903,490 2,091,351    
Deferred income tax liability       349,327 2,212,448 2,309,592 1,536,481    
Total Liabilities   43,345,187 39,234,262 39,667,322 37,919,424 39,739,302 39,874,747    
Shareholders’ Equity:                  
Series A cumulative perpetual preferred Stock   1,400 1,400 1,400 1,400 1,400 1,400    
Common stock   119,181 118,644 118,461 117,946 118,294 116,487    
Additional paid-in capital   396,730,170 395,449,082 394,331,516 392,813,530 391,940,374 385,426,431    
Accumulated deficit   (37,620,566) (31,513,554) (29,086,926) (20,808,990) (18,941,825) (11,240,752)   (41,819,539)
Treasury Stock   (2,673,156) (2,673,156) (2,376,790) (1,978,163) (522,158)      
Total Shareholders’ Equity   356,557,029 361,382,416 362,987,661 370,145,723 372,596,085 374,303,566   $ 160,347,529
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   399,902,216 400,616,678 402,654,983 408,065,147 412,335,387 414,178,313    
As Previously Reported [Member] | Patents [Member]                  
Other Assets:                  
Intangible assets, net   4,539,290 $ 4,662,656 $ 4,786,022 $ 4,909,388 5,032,754 5,526,218    
As Previously Reported [Member] | Other Intangible Assets [Member]                  
Other Assets:                  
Intangible assets, net   111,049,067       123,726,810 136,300,387    
As Previously Reported [Member] | Related Party [Member]                  
Current Assets:                  
Due from related parties             15,000    
Restatement Adjustments [Member] | Restatement Adjustment on Stock-Based Compensation [Member]                  
Other Assets:                  
TOTAL ASSETS   0              
Shareholders’ Equity:                  
Common stock             0    
Additional paid-in capital   13,174,586       12,178,405 8,037,042    
Accumulated deficit   (13,174,586)       (12,178,405) (8,037,042)    
Restatement Adjustments [Member] | Restatement Adjustment on Equity Issuance Costs [Member]                  
Other Assets:                  
TOTAL ASSETS   0              
Shareholders’ Equity:                  
Additional paid-in capital   7,420,492       7,420,492 7,420,492    
Accumulated deficit   (7,420,492)       (7,420,492) (7,420,492)    
Restatement Adjustments [Member] | Restatement Adjustment on Warrants [Member]                  
Other Assets:                  
TOTAL ASSETS   0              
Shareholders’ Equity:                  
Additional paid-in capital   6,024,240       6,024,240 6,024,240    
Accumulated deficit   (6,024,240)       (6,024,240) (6,024,240)    
Restatement Adjustments [Member] | Restatement Adjustment on Convertible Notes [Member]                  
Other Assets:                  
TOTAL ASSETS   0              
Shareholders’ Equity:                  
Additional paid-in capital   1,298,336       1,298,336 1,298,336    
Accumulated deficit   (1,298,336)       (1,298,336) (1,298,336)    
Restatement Adjustments [Member] | Restatement Adjustment on Acquisition [Member]                  
Other Assets:                  
TOTAL ASSETS   0              
Shareholders’ Equity:                  
Additional paid-in capital   5,225,000       5,225,000 5,225,000    
Accumulated deficit   (5,225,000)       (5,225,000) (5,225,000)    
Restatement Adjustments [Member] | Restatement Adjustment Other [Member]                  
Other Assets:                  
Deferred income tax asset   2,920,403       595,756 1,350,868    
TOTAL ASSETS   3,137,119       859,756 1,662,152    
Current Liabilities:                  
Accrued liabilities $ 20.4 34,777       34,778 34,778    
Total Current Liabilities   34,777       34,778 34,778    
Long-term Liabilities:                  
Income tax payable   1,609,520       1,609,520 1,609,520    
Deferred income tax liability           (2,309,592) (1,536,481)    
Total Liabilities   1,644,297       (665,294) 107,817    
Shareholders’ Equity:                  
Additional paid-in capital   653,000       653,000 653,000    
Accumulated deficit   839,822       872,050 901,335    
Total Shareholders’ Equity   1,492,822       1,525,050 1,554,335    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   3,137,119       859,756 1,662,152    
Restatement Adjustments [Member] | Restatement Adjustment Other [Member] | Patents [Member]                  
Other Assets:                  
Intangible assets, net   $ 216,716       $ 264,000 $ 311,284