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

NOTE 6 - PROPERTY AND EQUIPMENT   

A summary of property and equipment is as follows:

 

    USEFUL    

December 31,

    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       2,071,245       1,924,645  
              2,456,260       2,307,998  
                         
Less: Accumulated depreciation             (2,102,771 )     (2,011,776 )
Property and equipment, net           $ 353,489     $ 296,222  

 

* Shorter of remaining term of lease or useful life

 

Depreciation and amortization expense for the three month periods ended December 31, 2012 and December 31, 2011 were $24,145 and $55,159, respectively. Depreciation and amortization expense for the nine month periods ended December 31, 2012 and December 31, 2011 were $90,996 and $116,550, respectively.