v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Mar. 31, 2021
Current assets    
Cash $ 10,419,065 $ 9,130,956
Accounts receivable, net 10,983,231 8,458,176
Inventory 6,277,844 4,407,720
Prepaid expenses 2,760,987 1,037,961
Operating lease right-of-use asset - current portion 185,517 236,446
Total current assets 30,626,644 23,271,259
Fixed assets - net 1,007,561 1,010,183
Operating lease right-of-use asset 190,348 269,167
Total assets 31,824,553 24,550,609
Current liabilities    
Accounts payable 7,984,651 7,055,348
Accrued expenses 1,388,349 1,306,106
Revolving financing 6,997,928 4,324,412
PPP loan payable - current portion 330,551 328,570
Operating lease liability - current portion 207,007 229,605
Total current liabilities 16,908,486 13,244,041
Operating lease liability 193,798 292,582
Total liabilities 17,102,284 13,536,623
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.001 par value, 100,000,000 shares authorized, 6,681,090 Series S issued and outstanding on September 30, 2021 and nil issued and outstanding on March 31, 2021 6,681 0
Common stock, Class A - $0.001 par value, 200,000,000 shares authorized 104,333,373 and 87,465,178 shares issued and outstanding at September 30, 2021 and March 31, 2021, respectively 104,335 87,464
Additional paid in capital 102,346,572 80,857,742
Accumulated deficit (87,735,319) (69,931,220)
Total stockholders' equity 14,722,269 11,013,986
Total liabilities and stockholders' equity $ 31,824,553 $ 24,550,609

Source