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Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2013
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 145,751 $ 310,297
Accounts receivable, net 1,368,658 557,879
Inventories, net 4,712,040 6,241,181
Prepaid expenses and other 146,996 115,852
Deferred financing costs 108,321 108,321
Deferred income tax asset 1,238,421 1,238,421
Total current assets 7,720,187 8,571,951
Equipment and leasehold improvements, net 494,819 587,958
Deferred financing costs – long-term 102,303 156,463
Deferred income tax asset – non-current 2,553,709 2,546,190
Other assets 56,872 56,872
Total assets 10,927,890 11,919,434
Current liabilities:    
Current portion long-term debt 668,469 1,229,643
Capital lease obligations – current portion 79,468 74,508
Accounts payable 2,819,192 4,272,431
Progress billings 795,050 0
Deferred revenues – current portion 24,140 18,460
Accrued payroll, vacation pay and payroll taxes 375,858 442,522
Accrued expenses 1,370,654 1,525,538
Total current liabilities 6,132,831 7,563,102
Subordinated notes payable-related parties 250,000 250,000
Capital lease obligations – long-term 34,125 76,055
Deferred revenues – long-term 0 1,045
Warrant liability 282,213 198,330
Long-term debt, net of debt discount 873,450 1,134,549
Total liabilities 7,572,619 9,223,081
Commitments      
Stockholders' equity:    
Common stock, par value $.10 per share, 3,243,087 and 3,011,739 issued and outstanding as of September 30, 2013 and March 31, 2013, respectively 324,306 301,171
Additional paid-in capital 7,902,329 7,108,300
Accumulated deficit (4,871,364) (4,713,118)
Total stockholders' equity 3,355,271 2,696,353
Total liabilities and stockholders' equity $ 10,927,890 $ 11,919,434