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PROPERTY AND EQUIPMENT
12 Months Ended
Mar. 31, 2012
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 4 - PROPERTY AND EQUIPMENT

 

A summary of property and equipment is as follows:

 

  USEFUL  MARCH 31,  MARCH 31, 
  LIFE  2012  2011 
          
Computer and office equipment  5 years  $276,332  $660,948 
Furniture and fixtures  5-7 years   -   217,875 
Leasehold improvement  *   5,500   151,503 
Warehouse equipment  7 years   101,521   101,521 
Molds and tooling  3-5 years   1,924,645   1,847,106 
       2,307,998   2,978,953 
             
Less: Accumulated depreciation and amortization      (2,011,776)  (2,645,102)
      $296,222  $333,851 

 

* Shorter of remaining term of lease or useful life

Depreciation and amortization for fiscal years ended 2012, 2011, and 2010 was $171,818, was $430,115, and $439,432, respectively.