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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net sales $ 13,740,840 $ 9,891,554
Cost of goods sold - acquired from Joint Venture 9,670,761 6,616,789
Cost of goods sold - other 290,649 946,655
GROSS PROFIT 3,779,430 2,328,110
Selling, general and administrative expense 4,480,330 4,175,584
Research and development expense 665,278 776,778
Operating loss (1,366,178) (2,624,252)
Other (expense) income :    
Loss from investment in Hong Kong Joint Venture (741,846) (1,128,559)
Interest (expense) income (29,768) 22,826
Loss from operations before income taxes (2,137,792) (3,729,985)
Income tax benefit 0 25,000
NET LOSS $ (2,137,792) $ (3,704,985)
Loss per share:    
Basic and diluted (in dollars per share) $ (0.92) $ (1.60)
Shares used in computing net loss per share:    
Weighted average basis and diluted shares outstanding (in shares) 2,312,887 2,312,887