v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Mar. 31, 2024
CURRENT ASSETS    
Cash $ 348,074 $ 65,081
Accounts receivable:    
Accounts receivable 589,074 897,491
Amount due from factor 3,666,790 2,202,663
Inventories - Finished goods 3,024,114 4,751,826
Assets - Held for Sale 1,681,937  
Prepaid expenses 145,290 226,732
Deferred tax asset 361,000  
TOTAL CURRENT ASSETS 9,816,279 8,143,793
INTANGIBLE ASSET - NET   31,301
PROPERTY AND EQUIPMENT AND RIGHT OF USE ASSET - NET   159,656
TOTAL ASSETS 9,816,279 8,334,750
CURRENT LIABILITIES    
Line of credit - factor 2,100,458 768,853
Short-term portion of operating lease liability 13,330 158,742
Accrued liabilities:    
Accrued payroll and employee benefits 108,096 154,878
Accrued commissions and other 190,295 204,428
TOTAL CURRENT LIABILITIES 4,652,568 3,658,393
LONG-TERM PORTION OF OPERATING LEASE LIABILITY   13,330
TOTAL LONG-TERM LIABILITIES   13,330
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY    
Common stock, $.01 par value per share; 20,000,000 shares authorized, 2,312,887 shares issued and outstanding at March 31, 2025, and 2024 23,129 23,129
Additional paid-in capital 12,885,841 12,885,841
Accumulated Deficit (7,745,259) (8,245,943)
TOTAL SHAREHOLDERS' EQUITY 5,163,711 4,663,027
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 9,816,279 8,334,750
Trade    
Accounts receivable:    
Accounts receivable 580,574 891,991
CURRENT LIABILITIES    
Accounts payable 1,094,546 870,323
Held for Sale    
Accounts receivable:    
Accounts receivable 8,500 5,500
CURRENT LIABILITIES    
Accounts payable $ 1,145,843 $ 1,501,169