v3.8.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]      
Sales, net [1] $ 89,897,517 $ 77,269,131 $ 72,220,368
Cost of sales [1] 53,690,565 45,568,774 43,666,798
Gross profit 36,206,952 31,700,357 28,553,570
Selling expense 21,780,495 20,122,490 19,222,659
General and administrative expense 9,422,845 8,642,775 7,385,851
Depreciation and amortization 809,395 1,030,093 939,513
Income from operations 4,194,217 1,904,999 1,005,547
Other expense, net (215) (10,660) (666)
Income from equity investment in non-consolidated affiliate 87,829 51,430 18,667
Foreign exchange (loss) gain (77,125) 83,706 (190,867)
Interest expense, net (3,794,144) (1,335,241) (1,088,539)
Income (loss) before provision for income taxes 410,562 694,234 (255,858)
Income tax expense, net (140,370) (187,702) (1,450,848)
Net income (loss) 270,192 506,532 (1,706,706)
Net income attributable to noncontrolling interests (1,089,124) (1,359,145) (809,662)
Net loss attributable to common shareholders $ (818,932) $ (852,613) $ (2,516,368)
Net loss per common share, basic and diluted, attributable to common shareholders $ (0.01) $ (0.01) $ (0.02)
Weighted average shares used in computation, basic and diluted, attributable to common shareholders 163,661,927 160,811,957 159,380,223
[1] Sales, net and Cost of sales include excise taxes of $7,648,626, $7,645,789 and $7,451,569 for the years ended March 31, 2018, 2017 and 2016, respectively.