v3.7.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]      
Sales, net [1] $ 77,269,131 $ 72,220,368 $ 57,457,421
Cost of sales [1] 45,568,774 43,666,798 35,884,632
Gross profit 31,700,357 28,553,570 21,572,789
Selling expense 20,122,490 19,222,659 15,254,818
General and administrative expense 8,642,775 7,385,851 6,488,336
Depreciation and amortization 1,030,093 939,513 907,540
Income (loss) from operations 1,904,999 1,005,547 (1,077,905)
Other (expense) income, net (10,660) (666) 16,602
Income from equity investment in non-consolidated affiliate 51,430 18,667
Foreign exchange gain (loss) 83,706 (190,867) (4,564)
Interest expense, net (1,335,241) (1,088,539) (1,129,047)
Income (loss) before provision for income taxes 694,234 (255,858) (2,194,914)
Income tax expense, net (187,702) (1,450,848) (1,278,999)
Net income (loss) 506,532 (1,706,706) (3,473,913)
Net income attributable to noncontrolling interests (1,359,145) (809,662) (325,829)
Net loss attributable to common shareholders $ (852,613) $ (2,516,368) $ (3,799,742)
Net loss per common share, basic and diluted, attributable to common shareholders $ (0.01) $ (0.02) $ (0.02)
Weighted average shares used in computation, basic and diluted, attributable to common shareholders 160,811,957 159,380,223 155,456,341
[1] Sales, net and Cost of sales include excise taxes of $7,645,789, $7,451,569 and $6,754,453 for the years ended March 31, 2017, 2016 and 2015, respectively.