XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.23.2

RESERVE FOR SALES RETURNS | 12 Months Ended
--- | ---
Mar. 31, 2023
Reserve For Sales Returns |
RESERVE FOR SALES RETURNS | NOTE 18 – RESERVE FOR SALES RETURNS A return program for defective goods is negotiated with each of our wholesale customers on a year-to-year basis. Customers are either allowed to return defective goods within a specified period of time after shipment (between 6 and 9 months) or granted a “defective allowance” consisting of a fixed percentage (between 1% and 5%) off of invoice price in lieu of returning defective products. The Company does make exceptions to this return policy and accordingly records a sales return reserve based on historic return amounts, specific exceptions as identified and management estimates. The Company records a sales reserve for its return goods programs at the time of sale for estimated sales returns that may occur. The liability for defective goods is included in the reserve for sales returns on the consolidated balance sheets. Changes in the Company’s reserve for sales returns are presented in the following table: SCHEDULE OF RESERVE FOR SALES RETURNS
|  | Fiscal Year Ended |
|  | March 31, 2023 |  |  | March 31, 2022 |
Reserve for sales returns at beginning of the fiscal year |  | $ | 990,000 |  |  | $ | 960,000 |
Provision for estimated sales returns |  |  | 5,147,000 |  |  |  | 3,643,000 |
Sales returns received |  |  | (5,237,000 | ) |  |  | (3,613,000 | )
Reserve for sales returns at end of the year |  | $ | 900,000 |  |  | $ | 990,000 |

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

X
- Definition Reserve For Sales Returns [Text Block] + References No definition available. + Details
Name: | MICS_ReserveForSalesReturnsTextBlock
Namespace Prefix: | MICS_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration