XML 17 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2011
Mar. 31, 2011
Assets    
Cash $ 1,976,985 $ 674,712
Accounts receivable, net of allowances of $229,865 and $175,804, respectively 3,293,972 1,205,209
Inventories,net 3,608,023 3,016,945
Prepaid expenses and other current assets 54,866 59,310
Total Current Assets 9,019,996 5,029,524
Property and equipment, net 273,490 333,851
Other non-current assets 159,674 164,678
Total Assets 9,453,160 5,528,053
Liabilities and Shareholders' Equity (Deficit)    
Accounts payable 1,193,793 1,118,674
Accrued expenses 816,807 256,535
Short-term loan - bank 253,750 0
Current portion of long-term financing obligation 0 4,547
Obligations to clients for returns and allowances 291,294 435,341
Warranty provisions 488,792 144,022
Total Current Liabilities 9,384,424 6,575,080
Shareholders' Equity (Deficit)    
Preferred stock, $1.00 par value; 1,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock 379,607 378,357
Additional paid-in capital 19,139,448 19,116,318
Accumulated deficit (19,450,319) (20,541,702)
Total Shareholders' Equity (Deficit) 68,736 (1,047,027)
Total Liabilities and Shareholders' Equity (Deficit) 9,453,160 5,528,053
Common Stock Class A [Member]
   
Shareholders' Equity (Deficit)    
Common stock 0 0
Starlight Consumer Electronics Usa, Inc [Member]
   
Assets    
Due from Related Parties 85,650 73,348
Starlight Consumer Electronics Co., Ltd [Member]
   
Liabilities and Shareholders' Equity (Deficit)    
Due to related party 1,736,855 132,386
Other Starlight Group Companies [Member]
   
Assets    
Due from Related Parties 500 0
Liabilities and Shareholders' Equity (Deficit)    
Due to related party 9,534 88,249
Starlight Marketing Development, Ltd [Member]
   
Liabilities and Shareholders' Equity (Deficit)    
Due to related party 1,942,431 2,063,213
Starlight Electronics Company, Ltd [Member]
   
Liabilities and Shareholders' Equity (Deficit)    
Due to related party 303,552 0
Ram Light Management, Ltd [Member]
   
Liabilities and Shareholders' Equity (Deficit)    
Due to related party 1,683,247 1,683,247
Starlight Rd, Ltd [Member]
   
Liabilities and Shareholders' Equity (Deficit)    
Due to related party 431,373 431,373
Cosmo Communications Usa, Inc [Member]
   
Liabilities and Shareholders' Equity (Deficit)    
Due to related party $ 232,996 $ 217,493