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PROPERTY AND EQUIPMENT
9 Months Ended
Dec. 31, 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     December 31,     March 31,  
    LIFE     2011     2011  
    (unaudited)  
                   
Computer and office equipment     5 years     $ 276,332     $ 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       1,846,645       1,847,106  
              2,229,998       2,978,953  
                         
Less: Accumulated depreciation             (1,956,508 )     (2,645,102 )
            $ 273,490     $ 333,851  

 

* Shorter of remaining term of lease or useful life

 

Depreciation and amortization expense for the three month periods ended December 31, 2011 and December 31, 2010 were $55,159 and $98,090, respectively. Depreciation and amortization expense for the nine month periods ended December 31, 2011 and December 31, 2010 were $116,550 and $339,858, respectively.