Risks and Uncertainties	12 Months Ended
Mar. 31, 2014
Risks and Uncertainties	NOTE 14 — RISKS AND UNCERTAINTIES: *Customer and Licensee Concentration* For the twelve months ended March 31, 2014 and March 31, 2013, the Company’s largest two customers, Target and Wal-Mart, and largest licensee, Funai, accounted for approximately 86% and 94% of the Company’s net revenues, respectively, with Target accounting for 58% and 44%, respectively, Wal-Mart accounting for 22% and 45%, respectively, and Funai accounting for 6% and 5%, respectively. A significant decline in net sales to Target or Wal-Mart, or a significant decline in licensing revenue from Funai, would have a material adverse effect on the Company’s business, financial condition and results of operation. *Product Concentration* For the twelve months ended March 31, 2014, the Company’s gross product sales were comprised of five product types within two categories – housewares products and audio products, and two of these product types, namely microwave ovens and compact refrigerators – both within the housewares category – generated approximately 93% of the Company’s gross product sales, with microwave ovens generating approximately 62% of the total and compact refrigerators generating approximately 31% of the total. For the twelve months ended March 31, 2013, the Company’s gross product sales were comprised of the same five product types within the same two categories – housewares products and audio products, and two of these product types, namely microwave ovens and compact refrigerators – both within the housewares category – generated approximately 95% of the Company’s gross product sales, with microwave ovens generating approximately 69% of the total and compact refrigerators generating approximately 26% of the total. As a results of this dependence, a significant decline in pricing of, or market acceptance of these product types and categories, either in general or specifically as marketed by the Company, would have a material adverse effect on the Company’s business, financial condition and results of operation. Because the market for these product types and categories is characterized by periodic new product introductions, the Company’s future financial performance will depend, in part, on the successful and timely development and customer acceptance of new and enhanced versions of these product types and other products distributed by the Company. There can be no assurance that the Company will continue to be successful in marketing these products types within these categories or any other new or enhanced products. *Concentrations of Credit Risk* As a percent of the Company’s total trade accounts receivable, net of specific reserves, the Company’s two top customers, Wal-Mart and Target, accounted for 58% and 36% as of March 31, 2014, respectively, and 45% and 44% as of March 31, 2013. The Company periodically performs credit evaluations of its customers but generally does not require collateral, and the Company provides for any anticipated credit losses in the financial statements based upon management’s estimates and ongoing reviews of recorded allowances. The accounts receivable allowance for doubtful accounts on the Company’s total trade accounts receivable balances was $11,000 at March 31, 2014 and $245,000 at March 31, 2013. Due to the high concentration of the Company’s net trade accounts receivables among just two customers, any significant failure by one of these customers to pay the Company the amounts owing against these receivables would result in a material adverse effect on the company’s business, financial condition and results of operation. *Supplier Concentration* The Company, during the twelve months ended March 31, 2014, procured approximately 87% of its products for resale from its three largest factory suppliers, and of these, the Company procured approximately 64% of these products from one of them. The Company, during the twelve months ended March 31, 2013, procured approximately 77% of its products for resale from its two largest factory suppliers, and of these, the Company procured approximately 67% of these products from one of them. No assurance can be given that ample supply of product would be available at current prices and on current credit terms if the Company were required to seek alternative sources of supply without adequate notice by a supplier or a reasonable opportunity to seek alternate production facilities and component parts and any resulting significant shortage of product supply would have a material adverse effect on the Company’s business, financial condition and results of operation. However, the Company considers its relationships with its suppliers to be satisfactory and believes that, barring any unusual material or part shortages or economic, fiscal or monetary conditions, the Company could develop alternative suppliers.

NOTE 14 — RISKS AND UNCERTAINTIES:

Customer and Licensee Concentration

For the twelve months ended March 31, 2014 and March 31, 2013, the Company’s largest two customers, Target and Wal-Mart, and largest licensee, Funai, accounted for approximately 86% and 94% of the Company’s net revenues, respectively, with Target accounting for 58% and 44%, respectively, Wal-Mart accounting for 22% and 45%, respectively, and Funai accounting for 6% and 5%, respectively. A significant decline in net sales to Target or Wal-Mart, or a significant decline in licensing revenue from Funai, would have a material adverse effect on the Company’s business, financial condition and results of operation.

Product Concentration

For the twelve months ended March 31, 2014, the Company’s gross product sales were comprised of five product types within two categories – housewares products and audio products, and two of these product types, namely microwave ovens and compact refrigerators – both within the housewares category – generated approximately 93% of the Company’s gross product sales, with microwave ovens generating approximately 62% of the total and compact refrigerators generating approximately 31% of the total. For the twelve months ended March 31, 2013, the Company’s gross product sales were comprised of the same five product types within the same two categories – housewares products and audio products, and two of these product types, namely microwave ovens and compact refrigerators – both within the housewares category – generated approximately 95% of the Company’s gross product sales, with microwave ovens generating approximately 69% of the total and compact refrigerators generating approximately 26% of the total. As a results of this dependence, a significant decline in pricing of, or market acceptance of these product types and categories, either in general or specifically as marketed by the Company, would have a material adverse effect on the Company’s business, financial condition and results of operation. Because the market for these product types and categories is characterized by periodic new product introductions, the Company’s future financial performance will depend, in part, on the successful and timely development and customer acceptance of new and enhanced versions of these product types and other products distributed by the Company. There can be no assurance that the Company will continue to be successful in marketing these products types within these categories or any other new or enhanced products.

Concentrations of Credit Risk

As a percent of the Company’s total trade accounts receivable, net of specific reserves, the Company’s two top customers, Wal-Mart and Target, accounted for 58% and 36% as of March 31, 2014, respectively, and 45% and 44% as of March 31, 2013. The Company periodically performs credit evaluations of its customers but generally does not require collateral, and the Company provides for any anticipated credit losses in the financial statements based upon management’s estimates and ongoing reviews of recorded allowances. The accounts receivable allowance for doubtful accounts on the Company’s total trade accounts receivable balances was $11,000 at March 31, 2014 and $245,000 at March 31, 2013. Due to the high concentration of the Company’s net trade accounts receivables among just two customers, any significant failure by one of these customers to pay the Company the amounts owing against these receivables would result in a material adverse effect on the company’s business, financial condition and results of operation.

Supplier Concentration

The Company, during the twelve months ended March 31, 2014, procured approximately 87% of its products for resale from its three largest factory suppliers, and of these, the Company procured approximately 64% of these products from one of them. The Company, during the twelve months ended March 31, 2013, procured approximately 77% of its products for resale from its two largest factory suppliers, and of these, the Company procured approximately 67% of these products from one of them. No assurance can be given that ample supply of product would be available at current prices and on current credit terms if the Company were required to seek alternative sources of supply without adequate notice by a supplier or a reasonable opportunity to seek alternate production facilities and component parts and any resulting significant shortage of product supply would have a material adverse effect on the Company’s business, financial condition and results of operation. However, the Company considers its relationships with its suppliers to be satisfactory and believes that, barring any unusual material or part shortages or economic, fiscal or monetary conditions, the Company could develop alternative suppliers.