v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2021
Mar. 31, 2021
Current assets    
Cash $ 4,497,905 $ 9,130,956
Accounts receivable, net 8,221,373 8,458,176
Inventory 5,037,575 4,407,720
Prepaid expenses 3,066,889 1,037,961
Operating lease right-of-use asset - current portion 213,397 236,446
Total current assets 21,037,139 23,271,259
Fixed assets - net 912,612 1,010,183
Operating lease right-of-use asset 227,342 269,167
Total assets 22,177,093 24,550,609
Current liabilities    
Accounts payable 7,708,547 7,055,348
Accrued expenses 1,361,920 1,306,106
Revolving financing 5,107,111 4,324,412
PPP loan payable - current portion 329,071 328,570
Operating lease liability - current portion 235,055 229,605
Total current liabilities 14,741,704 13,244,041
Operating lease liability 227,342 292,582
Total liabilities 14,969,046 13,536,623
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.001 par value, 100,000,000 shares authorized, 6,681,090 Series S nil issued and outstanding on June 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 89,761,122 and 87,465,178 shares issued and outstanding at June 30, 2021 and March 31, 2021, respectively 89,761 87,464
Additional paid in capital 84,468,451 80,857,742
Stock Payable 0 0
Accumulated deficit (77,356,846) (69,931,220)
Total stockholders' equity 7,208,047 11,013,986
Total liabilities and stockholders' equity $ 22,177,093 $ 24,550,609

Source