v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]    
Sales, net [1] $ 20,852,287 $ 16,750,925
Cost of sales [1] 12,273,668 10,034,810
Gross profit 8,578,619 6,716,115
Selling expense 6,056,199 4,630,915
General and administrative expense 2,262,997 1,990,235
Depreciation and amortization 204,952 253,634
Income (loss) from operations 54,471 (158,669)
Other expense, net (306)
Income from equity investment in non-consolidated affiliate 41,749 4,483
Foreign exchange (loss) gain (51,161) 79,863
Interest expense, net (891,864) (310,261)
Loss before provision for income taxes (846,805) (384,890)
Income tax expense, net (18,413) (210,813)
Net loss (865,218) (595,703)
Net income attributable to noncontrolling interests (81,177) (170,116)
Net loss attributable to common shareholders $ (946,395) $ (765,819)
Net loss per common share, basic and diluted, attributable to common shareholders $ (0.01) $ (0.00)
Weighted average shares used in computation, basic and diluted, attributable to common shareholders 163,072,642 160,521,947
[1] Sales, net and Cost of sales include excise taxes of $1,639,755 and $1,715,961 for the three months ended June 30, 2017 and 2016, respectively.