COMMITMENTS AND CONTINGENCIES

12 Months Ended

Mar. 31, 2015

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 has entered into 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 years ended March 31, 2015, 2014 and 2013 was $623,589, $611,977 and $731,907, respectively.

In addition, the Company maintains various warehouse equipment and office equipment operating leases.

Future minimum lease payments under property and equipment leases with terms exceeding one year as of March 31, 2015 are as follows:

	Operating Leases
For fiscal year ending
March 31,
2016	$	549,479
2017		536,708
2018		487,672
2019		518,172
2020		524,272
2021		218,446
	$	2,834,749

The above property lease payments are gross payments which are not net of supplemental sublease fees we receive. During fiscal years 2015, 2014 and 2013 the Company received fees of approximately $0, $56,000 and $56,000 respectively, for temporary sublease of warehouse space. Such fees have been offset against rent expense in the consolidated statements of operations.