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INVENTORIES, NET
9 Months Ended
Dec. 31, 2015
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]
NOTE 4- INVENTORIES, NET
 
Inventories are comprised of the following components:
 
 
 
December 31,
 
March 31,
 
 
 
2015
 
2015
 
 
 
(unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
Finished Goods
 
$
4,532,718
 
$
7,869,167
 
Inventory in Transit
 
 
105,438
 
 
-
 
Inventory Reserve
 
 
(560,000)
 
 
(421,000)
 
 
 
 
 
 
 
 
 
Inventories, net
 
$
4,078,156
 
$
7,448,167