v3.22.4
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Dec. 31, 2022
Mar. 31, 2022
Current assets    
Cash $ 2,192,867 $ 1,531,062
Accounts receivable, net 8,774,283 7,927,065
Inventory 8,737,717 8,583,664
Prepaid expenses 2,361,399 2,928,085
Operating lease right-of-use asset - current portion 159,384 187,545
Total current assets 22,225,650 21,157,421
Fixed assets - net 1,828,570 1,200,797
Operating lease right-of-use asset 29,862 142,359
Total assets 24,084,082 22,500,577
Current liabilities    
Accounts payable 14,109,479 10,441,879
Accrued expenses 2,225,366 2,036,739
Revolving financing 6,391,316 7,043,870
Convertible note payable, net of debt discount 0 2,223,633
Operating lease liability - current portion 176,251 174,565
Total current liabilities 22,902,412 21,920,686
Operating lease liability 32,840 178,753
Total liabilities 22,935,252 22,099,439
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.001 par value, 100,000,000 shares authorized, 1,100,000 Series E issued and outstanding on December 31, 2022 and nil issued and outstanding on March 31, 2022 and 2,227,030 Series S issued and outstanding on December 31, 2022 and 4,453,970 issued and outstanding on March 31, 2022 3,327 4,454
Common stock, Class A - $0.001 par value, 200,000,000 shares authorized 147,930,459 and 110,571,812 shares issued and outstanding at December 31, 2022 and March 31, 2022, respectively 147,932 110,572
Discount on Preferred Stock (193,847) 0
Subscription Receivable 0 (62,388)
Additional paid in capital 130,601,692 109,864,080
Accumulated deficit (129,410,274) (109,515,580)
Total stockholders' equity 1,148,830 401,138
Total liabilities and stockholders' equity $ 24,084,082 $ 22,500,577

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