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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 2,936,490 $ 2,514,385
Cost of goods sold - acquired from Joint Venture 1,911,257 1,710,999
Cost of goods sold - other 142,806 191,898
GROSS PROFIT 882,427 611,488
Research and development expense 200,303 161,964
Selling, general and administrative expense 1,163,786 1,187,491
Operating loss (481,662) (737,967)
Other expense:    
Interest (expense) income - net (8,282) 7,645
LOSS BEFORE EQUITY IN EARNINGS OF JOINT VENTURE (489,944) (730,322)
Equity in loss of Joint Venture (287,133) (12,527)
Loss from operations before income taxes (777,077) (742,849)
Income tax benefit 0 0
NET LOSS $ (777,077) $ (742,849)
Loss per share:    
Basic (in dollars per share) $ (0.34) $ (0.32)
Diluted (in dollars per share) $ (0.34) $ (0.32)
Shares used in computing net loss per share:    
Basic (in shares) 2,312,887 2,312,887
Diluted (in shares) 2,312,887 2,312,887