XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS    
Net sales $ 31,431,614 $ 22,282,495
Cost of sales 26,527,953 18,905,938
Gross profit 4,903,661 3,376,557
Selling, general and administrative 6,008,881 4,938,086
Loss from operations (1,105,220) (1,561,529)
Other income (expense), net 40,842 (28,385)
Interest expense (355,608) (269,375)
Refundable employee retention tax credits 636,564  
PPP loan forgiveness   1,317,100
Total other income (expense), net 321,798 1,019,340
Loss before income taxes (783,422) (542,189)
Income tax provision (benefit) 195,584 (192,355)
Net loss (979,006) (349,834)
Other comprehensive loss before tax:    
Foreign currency translation adjustments   (1,909)
Foreign currency translation reclassification   (19,929)
Other comprehensive loss, net of tax   (21,838)
Comprehensive loss $ (979,006) $ (371,672)
Net loss per share - basic $ (0.11) $ (0.04)
Net loss per share - diluted $ (0.11) $ (0.04)
Weighted average number of shares outstanding - basic 8,595,992 8,095,058
Weighted average number of shares outstanding - diluted 8,595,992 8,095,058