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PROPERTY AND EQUIPMENT
6 Months Ended
Sep. 30, 2012
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     September 30,     March 31,  
    LIFE     2012     2012  
          (unaudited)        
                   
Computer and office equipment     5 years     $ 277,994     $ 276,332  
Leasehold improvements     *       5,500       5,500  
Warehouse equipment     7 years       101,521       101,521  
Molds and tooling     3-5 years       2,032,245       1,924,645  
              2,417,260       2,307,998  
                         
Less: Accumulated depreciation             (2,078,627 )     (2,011,776 )
            $ 338,633     $ 296,222  

 

* Shorter of remaining term of lease or useful life

 

Depreciation and amortization expense for the three months ended September 30, 2012 and September 30, 2011 was $34,076 and $29,313, respectively. Depreciation and amortization expense for the six months ended September 30, 2012 and September 30, 2011 was $66,851 and $61,391, respectively.