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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Dec. 31, 2022
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 nine months ended December 31, 2022 and 2021 consisted of the following:

 

 

                 
   Three Months Ended   Nine Months Ended 
Product Line  December 31, 2022   December 31, 2021   December 31, 2022   December 31, 2021 
                 
Classic Karaoke Machines  $2,632,000   $13,594,000   $16,973,000   $31,406,000 
Licensed Product   59,000    645,000    107,000    1,510,000 
SMC Kids Toys   181,000    1,051,000    1,739,000    2,145,000 
Microphones and Accessories   1,368,000    1,816,000    6,478,000    3,808,000 
Streaming   2,871,000    4,138,000    10,619,000    5,810,000 
Total Net Sales  $7,111,000   $21,244,000   $35,916,000   $44,679,000 
SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNING PER SHARE

Computation of dilutive shares for the three and nine months ended December 31, 2022 and 2021 are as follows:

 

 

   For the three months ended December 31, 2022    For the three months ended December 31, 2021    For the nine months ended December 31, 2022    For the nine months ended December 31, 2021  
Basic weighted average common shares outstanding   3,125,979    1,780,342    2,699,210    1,559,585 
Effect of dilutive stock options and warrants   -    7,504    -    10,744 
                     
Diluted weighted average common shares outstanding   3,125,979    1,787,846    2,699,210    1,570,329