COMMITMENTS AND CONTINGENCIES

6 Months Ended

Sep. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

NOTE 9 - COMMITMENTS AND CONTINGENCIES

LEGAL MATTERS

Management is currently not aware of any legal proceedings.

OPERATING LEASES

The Company is committed to various operating lease agreements for office and warehouse facilities in Fort Lauderdale, Florida, Ontario, California and Macau expiring at varying dates. Rent expense for the three month periods ended September 30, 2014 and 2013 was $147,905 and $148,424, respectively. Rent expense for the six months ended September 30, 2014 and 2013 was $311,375 and $303,655, respectively.

In addition, the Company maintains various warehouse equipment and computer equipment operating leases. Future minimum lease payments under property and equipment leases with terms exceeding one year as of September 30, 2014 are as follows:

	Property Leases
For period ending September 30
2015	$	524,397
2016		550,102
2017		503,594
2018		499,872
2019		524,271
2020 and beyond		480,582
	$	3,082,818