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INVENTORIES
6 Months Ended
Sep. 30, 2012
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]

NOTE 4- INVENTORIES

 

Inventories are comprised of the following components:

 

    September 30,     March 31,  
    2012     2012  
    (unaudited)        
             
Finished Goods   $ 4,761,745     $ 4,224,395  
Inventory in Transit     3,258,311       446,997  
    Less: Inventory Reserve     (496,000 )     (663,000 )
                 
Net Inventories   $ 7,524,056     $ 4,008,392  

 

Inventory consigned to customers at September 30, 2012 and March 31, 2012 was $353,201 and $353,201, respectively.