PROPERTY AND EQUIPMENT

6 Months Ended

Sep. 30, 2013

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	2013		2013
		(unaudited)
Computer and office equipment	5 years	$	282,921	$	279,742
Furniture and fixtures	5-7 years		4,312		4,312
Leasehold improvements	*		-		5,500
Warehouse equipment	7 years		224,106		136,521
Molds and tooling	3-5 years		1,830,371		1,849,245
Molds and tooling under development	**		433,250		329,500
			2,774,960		2,604,820
Accumulated depreciation			(2,164,073)		(2,122,043)
Property and equipment, net		$	610,887	$	482,777

* Shorter of remaining term of lease or useful life

** As of September 30, 2013 and March 31, 2013 the Company had outstanding commitments for molds and tooling in process in the amounts of approximately $26,000 and $140,000, respectively.

Depreciation expense for the three months ended September 30, 2013 and September 30, 2012 was $30,659 and $34,076, respectively.

Depreciation expense for the six months ended September 30, 2013 and September 30, 2012 was $57,977 and $66,851, respectively.