PROPERTY AND EQUIPMENT

3 Months Ended

Jun. 30, 2014

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	June 30,		March 31,
	LIFE	2014		2014
		(unaudited)		(audited)

Computer and office equipment	5 years	$	283,061	$	282,921
Furniture and fixtures	5-7 years		4,312		4,312
Warehouse equipment	7 years		224,106		224,106
Molds and tooling	3-5 years		2,357,133		2,324,120
			2,868,612		2,835,459
Accumulated depreciation			2,303,705		2,274,234
		$	564,907	$	561,225

Depreciation expense for the three months ended June 30, 2014 and June 30, 2013 was $29,331 and $27,318, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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