CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2012	Mar. 31, 2012
ASSETS
Cash and cash equivalents	$ 2,819,522	$ 3,186,274
Accounts receivable:
Trade less allowance for doubtful accounts of approximately $75,000 at June 30, 2012 and March 31, 2012	35,639	229,027
Insurance receivable	336,016	0
Notes receivable - employees	68,308	68,230
Receivable from Hong Kong Joint Venture	655,293	584,594
Accounts, Notes, Loans and Financing Receivable, Net, Current	1,095,256	881,851
Amount due from factor	1,560,128	1,719,731
Inventories, net of allowance for obsolete inventory of $70,000 at June 30, 2012 and March 31, 2012	5,636,350	5,398,540
Prepaid expenses	532,538	599,876
TOTAL CURRENT ASSETS	11,643,794	11,786,272
DEFERRED TAX ASSET	2,546,421	2,394,801
INVESTMENT IN HONG KONG JOINT VENTURE	13,037,239	13,083,493
PROPERTY AND EQUIPMENT - NET	172,219	176,144
INTANGIBLE ASSET - NET	83,844	84,962
OTHER ASSETS	40,134	40,134
TOTAL ASSETS	27,523,651	27,565,806
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	843,028	673,524
Hong Kong Joint Venture accounts payable	661,173	449,430
Accrued liabilities:
Payroll and employee benefits	112,901	111,974
Commissions and other	37,193	58,837
TOTAL CURRENT LIABILITIES	1,654,295	1,293,765
Long-term obligation - other	25,000	25,000
COMMITMENTS AND CONTINGENCIES	0	0
SHAREHOLDERS' EQUITY
Common stock, $.01 par value per share; authorized 20,000,000 shares; 2,324,749 shares issued and outstanding at June 30, 2012 and 2,336,354 at March 31, 2012, respectively	23,247	23,364
Additional paid-in capital	12,845,786	12,885,756
Retained earnings	12,975,323	13,337,921
TOTAL SHAREHOLDERS' EQUITY	25,844,356	26,247,041
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 27,523,651	$ 27,565,806