v3.22.2.2
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Sep. 30, 2022
Mar. 31, 2022
Current assets    
Cash $ 2,257,502 $ 1,531,062
Accounts receivable, net 7,464,009 7,927,065
Inventory 9,873,998 8,583,664
Prepaid expenses 2,403,972 2,928,085
Operating lease right-of-use asset - current portion 187,545 187,545
Total current assets 22,187,026 21,157,421
Fixed assets - net 2,027,667 1,200,797
Operating lease right-of-use asset 48,587 142,359
Total assets 24,263,280 22,500,577
Current liabilities    
Accounts payable 10,902,488 10,441,879
Accrued expenses 2,326,094 2,036,739
Revolving financing 7,531,935 7,043,870
Convertible note payable, net of debt discount 0 2,223,633
Operating lease liability - current portion 204,405 174,565
Total current liabilities 20,964,922 21,920,686
Operating lease liability 54,108 178,753
Total liabilities 21,019,030 22,099,439
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.001 par value, 100,000,000 shares authorized, 2,227,030 Series S issued and outstanding on September 30, 2022 and 4,453,970 issued and outstanding on March 31, 2022 2,227 4,454
Common stock, Class A - $0.001 par value, 200,000,000 shares authorized 145,825,459 and 110,571,812 shares issued and outstanding at September 30, 2022 and March 31, 2022, respectively 145,827 110,572
Subscription Receivable 0 (62,388)
Additional paid in capital 128,502,392 109,864,080
Accumulated deficit (125,406,196) (109,515,580)
Total stockholders' equity 3,244,250 401,138
Total liabilities and stockholders' equity $ 24,263,280 $ 22,500,577

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