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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales $ 3,456,813 $ 3,307,514 $ 6,516,165 $ 6,508,816
Cost of goods sold - acquired from Joint Venture 2,112,370 2,306,855 4,093,955 4,209,747
Cost of goods - other 171,111 0 270,533 425,472
GROSS PROFIT 1,173,332 1,000,659 2,151,677 1,873,597
Research and development expense 123,549 151,773 249,695 294,525
Selling, general and administrative expense 1,242,911 1,082,838 2,602,835 2,184,233
Operating loss (193,128) (233,952) (700,853) (605,161)
Other income:        
Interest income 5,205 15,841 14,852 21,015
Other income 64,224 0 64,224 0
LOSS BEFORE EQUITY IN (LOSS) EARNINGS OF JOINT VENTURE (123,699) (218,111) (621,777) (584,146)
Equity in (loss) earnings of Joint Venture (80,657) 2,485 (126,911) 241,674
Loss from operations before income taxes (204,356) (215,626) (748,688) (342,472)
Provision for income tax expense 13,837 94,315 (167,897) (33,112)
NET LOSS $ (218,193) $ (309,941) $ (580,791) $ (309,360)
Loss per share:        
Basic (in dollars per share) $ (0.09) $ (0.13) $ (0.25) $ (0.13)
Diluted (in dollars per share) $ (0.09) $ (0.13) $ (0.25) $ (0.13)
Shares used in computing net income per share:        
Basic (in shares) 2,314,714 2,387,887 2,320,655 2,387,887
Diluted (in shares) 2,314,714 2,387,887 2,320,655 2,387,887