v3.26.1
Income Taxes (Tables)
 12 Months Ended
Mar. 31, 2026
Income Taxes [Abstract]  
Schedule of Income Taxes Paid, Net

The provision (benefit) for income taxes consists of the following:

 

   For the Fiscal Years Ended
March 31,		 
   2026   2025 
         
Current:        
Federal  $(42,010)  $64,300 
State and local   (736)   (63,185)
Total current tax provision (benefit)   (42,746)   1,115 
           
Deferred:          
Federal   
-
    
-
 
State and local   
-
    
-
 
Total deferred tax expense   
-
    
-
 
           
Total provision (benefit)  $(42,746)  $1,115 
Schedule of Deferred Tax Assets

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets are as follows:

 

   As of March 31, 
   2026   2025 
Deferred tax assets:        
Net operating loss  $1,713,110   $1,416,684 
Stock options   832,484    903,449 
Operating right-of-use liability   444,981    519,058 
Inventory   255,855    187,534 
Capitalized research and development costs   167,957    241,761 
Research and development tax credits   27,632    
-
 
Deferred expenses   18,995    
-
 
Total deferred tax assets   3,461,014    3,268,486 
Valuation allowance   (2,666,961)   (2,319,591)
Deferred tax assets, net of valuation allowance   794,053    948,895 
           
Deferred tax liabilities:          
Depreciation   419,146    492,376 
Operating right-of-use asset   374,907    456,519 
Total deferred tax liabilities   794,053    948,895 
           
Deferred tax asset (liability), net  $
-
   $
-
 
Schedule of Change in the Company’s Valuation Allowance

The change in the Company’s valuation allowance is as follows:

 

   For the Fiscal Year Ended
March 31,		 
   2026   2025 
         
Beginning of year  $2,319,591   $2,537,690 
Increase (decrease) in valuation allowance   347,370    (218,099)
End of year  $2,666,961   $2,319,591 
Schedule of Change in the Company’s Valuation Allowance

A reconciliation of the provision for income taxes with the amounts computed by applying the statutory Federal income tax rate to income before provision for income taxes is as follows:

 

   For the Fiscal Year Ended
March 31, 2026		 
         
U.S. federal statutory rate  $(281,301)   21.0%
State taxes, net of federal benefit(a)   (736)   
-
%
Valuation allowance   302,384    (22.6)%
Research and development tax credit   (27,632)   2.1%
Nontaxable or nondeductible items          
Stock-based compensation   (34,230)   2.6%
Home office and employee reimbursements   26,981    (2.0)%
Other          
True-up of tax provision   (28,212)   2.1%
Effective tax rate  $(42,746)   3.2%

 

(a)State and local taxes in California and Massachusetts comprise the majority of the state taxes, net of the federal benefit.
   For the
Fiscal Year
Ended
March 31,
2025		 
     
U.S. federal statutory rate   21.0%
State taxes, net of federal benefit   2.2%
Stock-based compensation   (0.1)%
Other   3.0%
True-up of tax provision   (4.2)%
Valuation allowance   (21.8)%
Effective tax rate   0.1%
Schedule of Income Taxes Paid, Net

Income taxes paid, net of (refunds), are as follows:

 

   For the
Fiscal Year
Ended
March 31,
2026		 
     
Federal  $(396,010)
State and local   7,834 
Total  $(388,176)
Schedule of unrecognized Tax Benefits

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits, excluding interest and penalties, for the fiscal years ended March 31, 2026 and 2025:

 

   For the Fiscal Year Ended
March 31,		 
   2026   2025 
         
Unrecognized tax benefits, beginning of year  $104,974   $104,974 
Decreases of tax positions taken in prior years   
-
    
-
 
Increases based on tax positions taken in current year   
-
    
-
 
Unrecognized tax benefits, end of year  $104,974   $104,974