XML 30 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2012
Mar. 31, 2012
Assets    
Cash $ 3,547,860 $ 267,465
Accounts receivable, net of allowances of $259,871 and $168,554, respectively 5,220,312 785,490
Due from Crestmark Bank 477,577 0
Inventories,net 4,794,887 4,008,392
Prepaid expenses and other current assets 52,430 53,233
Total Current Assets 14,444,684 5,277,443
Property and equipment, net 353,489 296,222
Other non-current assets 159,956 159,674
Total Assets 14,958,129 5,733,339
Liabilities and Shareholders' Equity (Deficit)    
Accounts payable 3,518,257 1,303,395
Accrued expenses 1,846,698 168,156
Obligations to clients for returns and allowances 114,310 242,379
Warranty provisions 869,866 219,760
Total Current Liabilities 10,659,570 6,291,220
Total Liabilities 13,159,570 6,291,220
Shareholders' Equity (Deficit)    
Preferred stock, $1.00 par value; 1,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, value 379,607 379,607
Additional paid-in capital 19,146,019 19,141,098
Accumulated deficit (17,727,067) (20,078,586)
Total Shareholders' Equity (Deficit) 1,798,559 (557,881)
Total Liabilities and Shareholders' Equity (Deficit) 14,958,129 5,733,339
Starlight Consumer Electronics Usa, Inc [Member]
   
Assets    
Due from related party 258,721 36,036
Starlight Electronics Usa, Inc [Member]
   
Assets    
Due from related party 58,158 58,536
Cosmo Communications Canada, Ltd [Member]
   
Assets    
Due from related party 34,739 68,291
Starlight Marketing Development, Ltd [Member]
   
Liabilities and Shareholders' Equity (Deficit)    
Due to related party 1,107,678 1,924,431
Subordinated related party debt 816,753 0
Ram Light Management, Ltd [Member]
   
Liabilities and Shareholders' Equity (Deficit)    
Due to related party 0 1,683,247
Subordinated related party debt 1,683,247 0
Starlight R and D, Ltd [Member]
   
Liabilities and Shareholders' Equity (Deficit)    
Due to related party 574,283 416,026
Cosmo Communications Usa, Inc [Member]
   
Liabilities and Shareholders' Equity (Deficit)    
Due to related party 364,218 226,747
Other Starlight Group Companies [Member]
   
Liabilities and Shareholders' Equity (Deficit)    
Due to related party 3,534 3,534
Starlight Electronics Co., Ltd [Member]
   
Liabilities and Shareholders' Equity (Deficit)    
Due to related party 167,083 0
Starlight Consumer Electronics Co Ltd [Member]
   
Liabilities and Shareholders' Equity (Deficit)    
Due to related party 2,093,643 103,545
Common Class A [Member]
   
Shareholders' Equity (Deficit)    
Common stock, value $ 0 $ 0