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INCOME TAXES (Tables) | 12 Months Ended
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Mar. 31, 2023
Income Tax Disclosure [Abstract] |
SCHEDULE OF PROVISION FOR INCOME TAXES | The income tax provision (benefit) for federal, foreign, and state income taxes in the consolidated statements of operations consisted of the following components for 2023 and 2022: SCHEDULE OF PROVISION FOR INCOME TAXES
|  | 2023 |  |  | 2022 |
Income tax (benefit) provision: |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |
Federal |  | $ | 108,756 |  |  | $ | 62,699 |
State |  |  | - |  |  |  | - |
Other |  |  | (5,231 | ) |  |  |  |
Macau |  |  | 34,390 |  |  |  | - |
Total current Federal and State tax |  | $ | 137,915 |  |  | $ | 62,699 |
Deferred: |  |  |  |  |  |  |  |
Federal |  | $ | 686,357 |  |  | $ | (59,434 | )
State |  |  | 206,202 |  |  |  | 54,039 |
Total Deferred Federal and State |  |  | 892,559 |  |  |  | (5,395 | )
Total income tax provision |  | $ | 1,030,474 |  |  | $ | 57,304 |
SCHEDULE OF INCOME LOSS BEFORE INCOME TAX | The United States and foreign components of income (loss) before income taxes are as follows: SCHEDULE OF INCOME LOSS BEFORE INCOME TAX
|  | 2023 |  |  | 2022 |
United States |  | $ | (3,526,258 | ) |  | $ | (260,911 | )
Foreign |  |  | (81,730 | ) |  |  | 548,686 |
Total |  | $ | (3,607,988 | ) |  | $ | 287,775 |
SCHEDULE OF TAX PROVISION | The actual tax provision differs from the “expected” tax for the years ended March 31, 2023 and 2022 (computed by applying the U.S. Federal Corporate tax rate of 21 percent to income before taxes) as follows: SCHEDULE OF TAX PROVISION
|  | 2023 |  |  | 2022 |
Expected tax (benefit) provision |  | $ | (757,640 | ) |  | $ | 60,324 |
State income taxes, net of Federal income tax provision |  |  | (174,179 | ) |  |  | 13,816 |
Permanent differences |  |  | 13,445 |  |  |  | 10,290 |
Permanent difference in ERC income |  |  | (98,814 | ) |  |  | - |
Tax rate differential on foreign earnings |  |  | 21,109 |  |  |  | (83,954 | )
Change in valuation allowance |  |  | 2,026,133 |  |  |  | 55,375 |
Other |  |  | 420 |  |  |  | 1,453 |
Tax provision |  | $ | 1,030,474 |  |  | $ | 57,304 |
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES | The tax effects of temporary differences that give rise to significant portions of deferred tax assets and (liabilities) are as follows: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES
|  | 2023 |  |  | 2022 |
NOL Federal Carryforward |  | $ | 867,443 |  |  | $ | 238,955 |
State NOL Carryforward |  |  | 341,237 |  |  |  | 181,943 |
Inventory differences to Inventory valuation |  |  | 623,021 |  |  |  | 415,404 |
Stock option compensation expense |  |  | 183,732 |  |  |  | 117,159 |
Right of use liabilty |  |  | 118,227 |  |  |  | - |
Business interest limitation |  |  | 138,335 |  |  |  | 62,801 |
Allowance for doubtful accounts |  |  | 42,871 |  |  |  | 31,619 |
Reserve for estimated returns |  |  | 89,070 |  |  |  | 79,109 |
Accrued vacation |  |  | 13,786 |  |  |  | 10,143 |
Total |  |  | 2,417,722 |  |  |  | 1,137,133 |
Less: valuation allowance |  |  | (2,104,157 | ) |  |  | (78,024 | )
Net deferred tax asset |  |  | 313,565 |  |  |  | 1,059,109 |
Depreciable and amortizable assets |  |  | (133,630 | ) |  |  | (117,595 | )
Right of use asset |  |  | (111,216 | ) |  |  |  |
Prepaid expenses |  |  | (68,719 | ) |  |  | (48,955 | )
Net deferred tax liability |  |  | (313,565 | ) |  |  | (166,550 | )
Total |  | $ | - |  |  | $ | 892,559 |

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