Consolidated Balance Sheets - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Current assets:
Cash	$ 972,633	$ 185,932
Accounts receivable, net of allowance for doubtful accounts of $7,500 and $24,975, respectively	1,454,361	1,625,171
Inventories, net	4,679,032	4,032,074
Prepaid expenses and other current assets	128,071	286,431
Deferred tax asset	578,507	1,064,395
Total current assets	7,812,604	7,194,003
Equipment and leasehold improvements, net	193,518	270,792
Deferred tax asset – non-current	2,065,126	2,377,583
Other assets	36,871	41,109
Total assets	10,108,119	9,883,487
Current liabilities:
Current portion of long-term debt	418,255	387,839
Capital lease obligations – current portion	10,232	16,758
Accounts payable	1,686,469	2,811,781
Deferred revenues – current portion	48,766	18,609
Federal and state taxes payable	53,623	0
Accrued expenses - vacation pay, payroll and payroll withholdings	836,589	594,114
Accrued expenses - related parties	213,344	170,348
Accrued expenses – other	501,687	595,437
Total current liabilities	3,768,965	4,594,886
Subordinated notes payable – related parties	25,000	250,000
Capital lease obligations – long-term	20,524	4,561
Long-term debt, net of debt discount	304,560	708,604
Warrant liability	1,136,203	518,962
Deferred revenues – long-term	172,703	133,650
Other long-term liabilities	7,800	33,000
Total liabilities	$ 5,435,755	$ 6,243,663
Commitments and contingencies
Stockholders’ equity
Common stock, 4,000,000 shares authorized, par value $.10 per share, 3,255,887 and 3,256,887 shares issued and outstanding, respectively	$ 325,586	$ 325,686
Additional paid-in capital	8,074,655	8,046,168
Accumulated deficit	(3,727,877)	(4,732,030)
Total stockholders’ equity	4,672,364	3,639,824
Total liabilities and stockholders’ equity	$ 10,108,119	$ 9,883,487