PROPERTY AND EQUIPMENT

9 Months Ended

Dec. 31, 2013

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	2013		2013
		(unaudited)
Computer and office equipment	5 years	$	282,921	$	279,742
Furniture and fixtures	7 years		4,312		4,312
Leasehold improvements	*		-		5,500
Warehouse equipment	7 years		224,106		136,521
Molds and tooling	3-5 years		2,316,620		1,849,245
Molds and tooling under development	**		-		329,500
			2,827,959		2,604,820
Accumulated depreciation			(2,218,578)		(2,122,043)
Property and equipment, net		$	609,381	$	482,777

* Shorter of remaining term of lease or useful life

** As of December 31, 2013 and March 31, 2013 the Company had outstanding commitments for molds and tooling in process in the amounts of approximately $0 and $140,000, respectively.

Depreciation expense for the three months ended December 31, 2013 and December 31, 2012 was $54,506 and $24,145, respectively.

Depreciation expense for the nine months ended December 31, 2013 and December 31, 2012 was $112,483 and $90,996, respectively.