DUE TO RELATED PARTIES, NET

12 Months Ended

Mar. 31, 2014

NOTE 5 – DUE TO RELATED PARTIES, NET

As of March 31, 2014 the Company had $4,925,982 due to related parties consisting primarily of trade payables for karaoke hardware to Starlight Marketing Development Ltd in the amount of $1,924,431, Ram Light Management, Ltd in the amount of $1,683,247, Starlight Consumer Electronics Co., Ltd in the amount of $1,051,913, Starlight R&D in the amount of $194,678 for repair services and other Starlight Group Companies in the amount of $71,713. There were net additional amounts due from other Starlight Group companies totaling $367,520 related to other services and expenses provided by us for these companies.

As of March 31, 2013 the Company had $4,212,783 due to related parties consisting primarily of trade payables for karaoke hardware to Starlight Marketing Development Ltd in the amount of $1,924,431, Ram Light Management, Ltd in the amount of $1,683,247, Starlight Consumer Electronics Co., Ltd in the amount of $585,125 and $419,600 due to Starlight R&D for tooling and tooling modifications. There were net additional amounts due from other Starlight Group companies totaling $399,620 related to other expenses provided by us to these companies.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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