RESERVES

12 Months Ended

Mar. 31, 2016

Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

NOTE 15 – RESERVES

Data regarding asset reserves and allowances for Fiscal 2016, 2015, and 2014 are presented in the following table:

	Balance at		Charged to		Reduction to		Credited to		Balance at
	Beginning of		Costs and		Allowance for		Costs and		End of
Description	Period		Expenses		Write off		Expenses		Period
Year ended March 31, 2016
Reserves deducted from assets to which they apply:
Allowance for doubtful accounts	$	174,131	$	-	$	(124,621)	$	1,669	$	51,179
Deferred tax valuation allowance	$	708,385	$	-	$	-	$	(708,385)	$	-
Inventory reserve	$	421,000	$	376,560	$	(37,560)	$	-	$	760,000
Year ended March 31, 2015
Reserves deducted from assets to which they apply:
Allowance for doubtful accounts	$	172,465	$	43,243	$	(40,291)	$	(1,286)	$	174,131
Deferred tax valuation allowance	$	799,419	$	-	$	(91,034)	$	-	$	708,385
Inventory reserve	$	638,000	$	250,000	$	(467,000)	$	-	$	421,000
Year ended March 31, 2013
Reserves deducted from assets to which they apply:
Allowance for doubtful accounts	$	180,306	$	-	$	(15,807)	$	7,966	$	172,465
Deferred tax valuation allowance	$	1,619,459	$	-	$	(820,040)	$	-	$	799,419
Inventory reserve	$	503,000	$	160,000	$	(25,000)	$	-	$	638,000