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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net sales $ 12,577,127 $ 15,383,877
Cost of goods sold - acquired from Joint Venture 9,008,944 10,879,489
Cost of goods sold - other 727,199 162,988
GROSS PROFIT 2,840,984 4,341,400
Research and development expense 592,488 543,141
Selling, general and administrative expense 4,251,274 5,010,230
Operating loss (2,002,778) (1,211,971)
Other income :    
Interest and other 23,316 90,434
LOSS BEFORE EQUITY IN (LOSS) EARNINGS OF JOINT VENTURE (1,979,462) (1,121,537)
Equity in (loss) earnings of Hong Kong Joint Venture (159,947) 722,827
Loss from operations before income taxes (2,139,409) (398,710)
Income tax expense (2,310,835) (53,851)
NET LOSS $ (4,450,244) $ (452,561)
Loss per share:    
Basic (in dollars per share) $ (1.94) $ (0.20)
Diluted (in dollars per share) $ (1.94) $ (0.20)
Weighted average number of shares used in computing net loss per share:    
Basic (in shares) 2,290,010 2,311,152
Diluted (in shares) 2,290,010 2,311,152