WARRANTY PROVISIONS

6 Months Ended

Sep. 30, 2011

Product Warranties Disclosures [Abstract]

Product Warranty Disclosure [Text Block]

NOTE 13 – WARRANTY PROVISIONS

A return program for defective goods is negotiated with each of our wholesale customers on a year-to-year basis.  Customers are either allowed to return defective goods within a specified period of time after shipment (between 6 and 9 months) or granted a “defective allowance” consisting of a fixed percentage (between 1% and 5%) off of invoice price in lieu of returning defective products. The Company is also subject to returns of CDG music from sales made by our consignee.  The Company records liabilities for its return goods programs and defective goods allowance program at the time of sale for the estimated costs that may be incurred. The liability for defective goods is included in warranty provisions on the Consolidated Balance Sheet.

Changes in the Company’s obligations for return and allowance programs are presented in the following table:

	Three Months Ended								Six Months Ended
	September 30,				September 30,				September 30,				September 30,
	2011				2010				2011				2010
Estimated defective return liabilities at beginning of period		$	63,333			$	120,412			$	144,021			$	123,708
Costs accrued for new estimated defective returns			441,639				254,824				496,886				317,794
Defective return obligations honored			(66,604	)			(65,777	)			(202,539	)			(132,043	)
Estimated defective return liabilities at end of period		$	438,368			$	309,459			$	438,368			$	309,459