PROPERTY AND EQUIPMENT

6 Months Ended

Sep. 30, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 5 - PROPERTY AND EQUIPMENT

A summary of property and equipment is as follows:

	USEFUL	September 30,			March 31,
	LIFE	2011			2011
		(unaudited)

Computer and office equipment	5 years	$	272,486		$	660,948
Furniture and fixtures	5-7 years		-			217,875
Leasehold improvements	*		5,500			151,503
Warehouse equipment	7 years		101,521			101,521
Molds and tooling	3-5 years		1,873,645			1,847,106
			2,253,152			2,978,953

Less: Accumulated depreciation			(1,901,350	)		(2,645,102	)
		$	351,802		$	333,851

*	Shorter of remaining term of lease or useful life

Depreciation and amortization expense for the three month periods ended September 30, 2011 and September 30, 2010 were $29,313 and $119,716, respectively. Depreciation and amortization expense for the six month periods ended September 30, 2011 and September 30, 2010 were $61,391 and $241,768, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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