XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net sales $ 4,034,581 $ 2,394,950 $ 7,234,556 $ 3,572,238
Cost of sales 2,758,832 1,792,527 4,772,649 2,686,121
Gross margin 1,275,749 602,423 2,461,907 886,117
Operating expenses:        
Selling, general and administrative 671,410 686,346 1,324,660 1,340,234
Engineering, research and development 448,572 548,800 928,949 1,127,404
Total operating expenses 1,119,982 1,235,146 2,253,609 2,467,638
Income (loss) from operations 155,767 (632,723) 208,298 (1,581,521)
Other income (expense):        
Amortization of debt discount (25,600) (31,009) (48,587) (44,401)
Loss on extinguishment of debt 0 0 (26,600) 0
Amortization of deferred financing costs (27,080) (56,711) (54,160) (83,791)
Financing costs 0 (26,477) 0 (26,477)
Change in fair value of common stock Warrants (67,345) (337) (42,773) 249,057
Interest income 34 13 34 13
Interest expense (97,390) (131,032) (201,467) (223,500)
Total other income (expense) (217,381) (245,553) (373,553) (129,099)
Loss before income taxes (61,614) (878,276) (165,255) (1,710,620)
Income tax expense (benefit) 10,860 (448,571) (7,009) (612,115)
Net loss $ (72,474) $ (429,705) $ (158,246) $ (1,098,505)
Basic income (loss) per common share (in Dollars per share) $ (0.02) $ (0.16) $ (0.05) $ (0.41)
Diluted income (loss) per common share (in Dollars per share) $ (0.02) $ (0.16) $ (0.05) $ (0.41)
Weighted average shares outstanding:        
Basic (in Shares) 3,235,250 2,717,585 3,157,985 2,708,335
Diluted (in Shares) 3,235,250 2,717,585 3,157,985 2,708,335