v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Mar. 31, 2021
Current assets    
Cash $ 3,293,292 $ 9,130,956
Accounts receivable, net 7,773,196 8,458,176
Inventory 8,829,559 4,407,720
Prepaid expenses 2,262,704 1,037,961
Operating lease right-of-use asset - current portion 167,299 236,446
Total current assets 22,326,050 23,271,259
Fixed assets - net 1,026,467 1,010,183
Operating lease right-of-use asset 143,693 269,167
Total assets 23,496,210 24,550,609
Current liabilities    
Accounts payable 7,389,169 7,055,348
Accrued expenses 1,409,648 1,306,106
Revolving financing 6,426,601 4,324,412
PPP loan payable - current portion 0 328,570
Operating lease liability - current portion 162,147 229,605
Total current liabilities 15,387,565 13,244,041
Operating lease liability 175,043 292,582
Total liabilities 15,562,608 13,536,623
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.001 par value, 100,000,000 shares authorized, 4,454,600 Series S issued and outstanding on December 31, 2021 and nil issued and outstanding on March 31, 2021 4,454 0
Common stock, Class A - $0.001 par value, 200,000,000 shares authorized 107,242,070 and 87,465,178 shares issued and outstanding at December 31, 2021 and March 31, 2021, respectively 107,244 87,464
Additional paid in capital 106,293,256 80,857,742
Accumulated deficit (98,471,352) (69,931,220)
Total stockholders' equity 7,933,602 11,013,986
Total liabilities and stockholders' equity $ 23,496,210 $ 24,550,609

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