v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Mar. 31, 2024
Current Assets:    
Cash and cash equivalents $ 50,754,570 $ 55,586,441
Accounts receivable, net 19,436,712 28,221,321
Due from related parties 4,800,000  
Inventories 54,717,709 45,563,334
Prepaid expenses 4,244,197 2,154,170
Total Current Assets 133,953,188 131,525,266
Equipment, net 57,998,933 58,082,040
Other Assets:    
Deposits 1,325,806 349,278
Intangible assets, net 112,398,766  
Goodwill 90,870,094 90,870,094
Right of use assets - operating leases 1,825,564 2,000,093
Deferred income tax asset 4,046,430 1,487,088
TOTAL ASSETS 402,418,781 399,902,216
Current Liabilities:    
Accounts payable 22,678,651 23,156,495
Accrued liabilities 17,141,591 7,030,667
Current portion of operating lease liability 488,887 479,651
Current portion of construction note payable 276,616 273,459
Insurance premium note payable 1,680,594
Total Current Liabilities 42,266,339 30,940,272
Long-term Liabilities:    
Contingent consideration payable 39,852 59,838
Construction note payable, net of unamortized issuance costs 10,710,081 10,735,241
Operating lease liability, net of current portion 1,426,740 1,609,836
Total Liabilities 54,443,012 43,345,187
Shareholders’ Equity:    
Series A cumulative perpetual preferred Stock 8.75%, ($25.00 per share, $0.001 par value) 1,400,000 shares issued and outstanding as of June 30, 2024 and March 31, 2024, respectively 1,400 1,400
Common stock, $0.001 par value, 200,000,000 shares authorized 120,686,636 and 120,531,507 shares issued and 118,756,733 and 119,181,067 outstanding at June 30, 2024 and March 31, 2024, respectively 118,757 119,181
Additional paid-in capital 397,079,854 396,730,170
Accumulated deficit (45,455,985) (37,620,566)
Treasury Stock (3,768,257) (2,673,156)
Total Shareholders’ Equity 347,975,769 356,557,029
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 402,418,781 399,902,216
Patents [Member]    
Other Assets:    
Intangible assets, net 4,415,924 4,539,290
Other Intangible Assets [Member]    
Other Assets:    
Intangible assets, net 107,982,842 111,049,067
Related Party [Member]    
Current Assets:    
Due from related parties $ 4,800,000