INCOME TAXES

3 Months Ended

Jun. 30, 2012

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

NOTE 3- INCOME TAXES

The Company follows FASB ASC 740 10-25, Accounting for Uncertainty in Income Taxes, which defines a recognition threshold and measurement attribute for financial statement recognition and measurements of tax positions taken or expected to be taken in a tax return. As of June 30, 2012 the Company did not have any tax positions that resulted in any adjustment to the Company’s provision for income taxes.

As of June 30, 2012 and March 31, 2012, The Singing Machine had gross deferred tax assets of approximately $4.1 million and $3.9 million, respectively, against which the Company recorded valuation allowances totaling approximately $4.1 million and $3.9 million, respectively.

As of June 30, 2012 the Company is subject to U.S. Federal income tax examinations for the tax years ended March 31, 2009 through March 31, 2012.