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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Mar. 31, 2024
Current Assets:    
Cash and cash equivalents $ 31,921,690 $ 55,586,441
Accounts receivable, net 16,961,800 28,221,321
Inventories 47,207,283 45,563,334
Prepaid expenses 2,734,319 2,154,170
Total Current Assets 98,825,092 131,525,266
Equipment, net 57,432,142 58,082,040
Other Assets:    
Deposits 399,910 349,278
Intangible assets, net 106,272,570  
Goodwill 90,870,094 90,870,094
Right of use assets - operating leases 1,588,871 2,000,093
Deferred income tax asset 0 4,407,491
TOTAL ASSETS 355,388,679 403,039,335
Current Liabilities:    
Accounts payable 21,521,364 23,156,495
Accrued liabilities 19,796,290 7,065,444
Current portion of operating lease liability 522,884 479,651
Current portion of construction note payable 281,947 273,459
Insurance premium note payable 233,001
Total Current Liabilities 42,355,486 30,975,049
Long-term Liabilities:    
Contingent consideration payable 40,032 59,838
Income tax payable 1,609,520 1,609,520
Construction note payable, net of unamortized issuance costs 10,605,998 10,735,241
Operating lease liability, net of current portion 1,158,033 1,609,836
Total Liabilities 55,769,069 44,989,484
Shareholders' Equity:    
Series A cumulative perpetual preferred stock 8.75%, ($25.00 per share, $0.001 par value) 1,400,000 shares issued and outstanding as of December 31, 2024 and March 31, 2024, respectively 1,400 1,400
Common stock, $0.001 par value, 200,000,000 shares authorized 118,437,746 and 120,531,507 shares issued and 116,507,843 and 119,181,067 outstanding at December 31, 2024 and March 31, 2024, respectively 116,508 119,181
Additional paid-in capital 433,646,783 430,525,824
Accumulated deficit (125,579,680) (69,923,398)
Treasury Stock (8,565,401) (2,673,156)
Total Shareholders’ Equity 299,619,610 358,049,851
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 355,388,679 403,039,335
Patents [Member]    
Other Assets:    
Intangible assets, net 4,350,444 4,756,006
Other Intangible Assets [Member]    
Other Assets:    
Intangible assets, net $ 101,922,126 $ 111,049,067