COMMITMENTS AND CONTINGENCIES

9 Months Ended

Dec. 31, 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 December 31, 2014 and 2013 was $155,221 and $154,212, respectively. Rent expense for the nine months ended December 31, 2014 and 2013 was $466,596 and $457,867, 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 December 31, 2014 are as follows:

	Property Leases
For period ending December 31,
2015	$	527,611
2016		553,661
2017		487,672
2018		509,022
2019		524,271
2020		349,514
	$	2,951,751