8. Line of Credit

12 Months Ended

Mar. 31, 2012

Short-term Debt [Text Block]

8.                     Line of Credit

The Company had a line of credit from a bank. The agreement included a borrowing base calculation tied to accounts receivable and inventories with a maximum availability of $1,000,000. Interest on outstanding balances was payable monthly at an annual interest rate that was two percentage points (2%) above the lender’s prevailing base rate. The line was collateralized by substantially all of the assets of the Company.  The credit facility required the Company to maintain certain financial covenants. The Company maintained compliance with all financial covenants. In September 2010, the Company used a portion of the loan proceeds from BCA Mezzanine Fund LLP (“BCA”) (see Note 11) to repay the bank loan and any accrued interest to terminate this line of credit. As of March 31, 2012 and 2011, there was no outstanding balance and no available credit line.