v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2020
Mar. 31, 2020
Current assets    
Cash $ 3,617,764 $ 4,561,682
Restricted Cash 1,999,998  
Accounts receivable 4,621,614 4,917,081
Inventory 2,894,362 2,919,860
Prepaid expenses 1,813,557 1,697,199
Operating lease right-of-use asset 56,440 87,393
Total current assets 15,003,735 14,183,215
Fixed assets - net 1,263,189 1,422,581
Total assets 16,266,924 15,605,796
Current liabilities    
Accounts payable 5,381,101 5,406,541
Accrued expenses 1,247,168 1,186,516
Revolving financing 4,275,310 7,291,217
PPP loan payable - current portion 162,150  
Operating lease liability 66,235 99,389
Total current liabilities 11,131,964 13,983,663
PPP loan payable 164,193  
Total liabilities 11,296,157 13,983,663
Stockholders' equity    
Preferred stock, $0.001 par value, 100,000,000 shares authorized, nil issued and outstanding on June 30, 2020 and 3,400,000 Series D issued and outstanding on March 31, 2020   3,400
Common stock, Class A - $0.001 par value, 200,000,000 shares authorized 59,611,258 and 45,585,592 shares issued and outstanding at June 30, 2020 and March 31, 2020, respectively 59,611 45,585
Additional paid in capital 59,453,861 54,094,848
Stock Payable 1,999,998 1,000,000
Accumulated deficit (56,542,703) (53,521,700)
Total stockholders' equity 4,970,767 1,622,133
Total liabilities and stockholders' equity $ 16,266,924 $ 15,605,796

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