XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.21.2

SUMMARY OF ACCOUNTING POLICIES (Tables) | 6 Months Ended
--- | ---
Sep. 30, 2021
Accounting Policies [Abstract] |
SCHEDULE OF DISAGGREGATION OF REVENUE | Revenue is derived from five different major product lines. Disaggregated revenue from these product lines for the three and six months ended September 30, 2021 and 2020 consisted of the following: SCHEDULE OF DISAGGREGATION OF REVENUE
|  | Three Months Ended |  |  | Six Months Ended |
Product Line |  | September 30, 2021 |  |  | September 30, 2020 |  |  | September 30, 2021 |  |  | September 30, 2020 |
Classic Karaoke Machines |  | $ | 15,042,000 |  |  | $ | 18,135,000 |  |  | $ | 19,521,000 |  |  | $ | 20,519,000 |
Licensed Product |  |  | 94,000 |  |  |  | 2,822,000 |  |  |  | 827,000 |  |  |  | 2,828,000 |
SMC Kids Toys |  |  | 1,022,000 |  |  |  | 191,000 |  |  |  | 1,753,000 |  |  |  | 319,000 |
Microphones and Accessories |  |  | 1,101,000 |  |  |  | 1,117,000 |  |  |  | 1,110,000 |  |  |  | 1,569,000 |
Music Subscriptions |  |  | 110,000 |  |  |  | 20,000 |  |  |  | 224,000 |  |  |  | 102,000 |
Total Net Sales |  | $ | 17,369,000 |  |  | $ | 22,285,000 |  |  | $ | 23,435,000 |  |  | $ | 25,337,000 |
SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNING PER SHARE | Computation of dilutive shares for the three and six months ended September 30, 2021 and 2020 are as follows: SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNING PER SHARE
|  | For the three months ended September 30, 2021 |  |  | For the three months ended September 30, 2020 |  |  | For the six months ended September 30, 2021 |  |  | For the six months ended September 30, 2020 |
Basic weighted average common shares outstanding |  |  | 47,817,868 |  |  |  | 38,557,643 |  |  |  | 43,458,098 |  |  |  | 38,557,643 |
Effect of dilutive stock options |  |  | 336,161 |  |  |  | 550,265 |  |  |  | 370,905 |  |  |  | 425,132 |
Diluted weighted average common shares outstanding |  |  | 48,154,029 |  |  |  | 39,107,908 |  |  |  | 43,829,003 |  |  |  | 38,982,775 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration