CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2016	Mar. 31, 2016
Current assets:
Cash and cash equivalents	$ 830,534	$ 972,633
Accounts receivable, net	1,861,256	1,454,361
Inventories, net	3,675,788	4,679,032
Prepaid expenses and other current assets	85,282	128,071
Deferred income tax asset	578,507	578,507
Total current assets	7,031,367	7,812,604
Equipment and leasehold improvements, net	152,431	193,518
Deferred income tax asset – non-current	1,787,622	2,065,126
Other long-term assets	34,158	36,871
Total assets	9,005,578	10,108,119
Current liabilities:
Current portion of long-term debt	429,660	418,255
Capital lease obligations – current portion	5,981	10,232
Accounts payable and accrued liabilities	1,723,448	2,401,500
Federal and state taxes payable	0	53,623
Deferred revenues – current portion	370,454	48,766
Accrued payroll, vacation pay and payroll taxes	579,578	836,589
Total current liabilities	3,109,121	3,768,965
Subordinated notes payable - related parties	0	25,000
Capital lease obligations – long-term	16,966	20,524
Long-term debt	87,317	304,560
Deferred revenues – long-term	256,088	172,703
Warrant liability – long-term	165,000	1,136,203
Other long-term liabilities	0	7,800
Total liabilities	3,634,492	5,435,755
Commitments
Stockholders’ equity:
Common stock, 4,000,000 shares authorized, par value $0.10 per share, 3,255,887 shares issued and outstanding, respectively	325,586	325,586
Additional paid-in capital	8,091,013	8,074,655
Accumulated deficit	(3,045,513)	(3,727,877)
Total stockholders’ equity	5,371,086	4,672,364
Total liabilities and stockholders’ equity	$ 9,005,578	$ 10,108,119

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.