18. Quarterly Results of Operations (Unaudited)

12 Months Ended

Mar. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

18.                 Quarterly Results of Operations (Unaudited)

Quarterly consolidated data for the years ended March 31, 2015 and 2014 is as follows:

	Quarter Ended
FY 2015	June 30			September 30			December 31			March 31
Net sales	$	3,129,076		$	3,587,674		$	5,030,097		$	6,449,125
Gross margin		1,120,217			869,344			1,545,787			1,905,344
Income before taxes		(497,187	)		(375,143	)		7,875			504,643
Net income (loss)		(384,005	)		(248,195	)		(20,944	)		372,704
Basic income (loss) per share		(0.12	)		(0.08	)		(0.01	)		0.11
Diluted income (loss) per share		(0.12	)		(0.08	)		(0.01	)		0.11

FY 2014	June 30			September 30			December 31			March 31
Net sales	$	3,199,975		$	4,034,581		$	4,089,029		$	4,504,706
Gross margin		1,186,158			1,275,749			1,395,687			2,506,293	(1)
Income (loss) before taxes		(103,641	)		(61,614	)		(87,081	)		956,709
Net income (loss)		(85,772	)		(72,474	)		(145,933	)		565,707
Basic income (loss) per share		(0.03	)		(0.02	)		(0.04	)		0.17
Diluted income (loss) per share		(0.03	)		(0.02	)		(0.04	)		0.14

(1) As part of the agreement with the Company’s subcontractor to secure the IP (see Note 6), upon payment of the $1,200,000, the outstanding amount due to the subcontractor in the amount of $790,535 was discharged and is recorded as a reduction of cost of goods sold.