XML 29 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
DUE TO RELATED PARTIES, NET
12 Months Ended
Mar. 31, 2012
Due To Related Parties, Net [Abstract]  
Due To Related Parties Net Disclosure [Text Block]

NOTE 5 – DUE TO RELATED PARTIES, NET

 

As of March 31, 2012 the Company had $4,194,667 due to related parties consisting primarily of trade payables for karaoke hardware to Starlight Marketing Development Ltd in the amount of $1,924,231 and to Ram Light Management, Ltd in the amount of $1,683,247, trade payables for consumer electronic products of $226,747 due to Cosmo USA, and $416,026 due to Starlight R&D for tooling and tooling modifications. There were net additional amounts due from other Starlight Group companies totaling $55,784 related to other expenses provided to us by these companies.

 

As of March 31, 2011 the Company had $4,542,613 due to related parties consisting primarily of trade payables for karaoke hardware to Starlight Marketing Development Ltd in the amount of $2,063,213 and to Ram Light Management, Ltd in the amount of $1,683,247, trade payables for consumer electronic products of $217,493 due to Cosmo USA, and $431,373 due to Starlight R&D for tooling and tooling modifications. There were net additional amounts due to other Starlight Group companies totaling $147,287 related to other expenses provided to us by these companies.