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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Net sales $ 2,514,385 $ 3,005,669
Cost of goods sold - acquired from Joint Venture 1,710,999 2,157,412
Cost of goods sold - other 191,898 98,933
GROSS PROFIT 611,488 749,324
Research and development expense 161,964 126,636
Selling, general and administrative expense 1,187,491 1,089,744
Operating loss (737,967) (467,056)
Other income:    
Investment and interest income 7,645 6,419
LOSS BEFORE EQUITY IN EARNINGS OF JOINT VENTURE (730,322) (460,637)
Equity in (loss) earnings of Joint Venture (12,527) 272,041
Loss from operations before income taxes (742,849) (188,596)
Income tax benefit 0 169,066
NET LOSS $ (742,849) $ (19,530)
Loss per share:    
Basic (in dollars per share) $ (0.32) $ (0.01)
Diluted (in dollars per share) $ (0.32) $ (0.01)
Shares used in computing net loss per share:    
Basic (in shares) 2,312,887 2,287,887
Diluted (in shares) 2,312,887 2,287,887