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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - Scenario, Unspecified [Domain] - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Net sales $ 2,371,016 $ 3,738,914 $ 7,109,344 $ 9,940,194
Cost of goods sold - acquired from Joint Venture 1,726,909 2,603,231 5,039,056 6,735,324
Cost of goods sold - other 261,772 10,213 582,949 520,921
GROSS PROFIT 382,335 1,125,470 1,487,339 2,683,949
Research and development expense 150,651 146,385 572,597 367,529
Selling, general and administrative expense 992,284 1,077,071 3,299,019 3,198,561
Operating loss (760,600) (97,986) (2,384,277) (882,141)
Other income:        
Interest income and other 5,958 5,852 22,951 17,674
LOSS BEFORE EQUITY IN (LOSS) EARNINGS OF JOINT VENTURE (754,642) (92,134) (2,361,326) (864,467)
Equity in (loss) earnings of Joint Venture (346,730) (275,057) (595,159) 229,363
Loss from operations before income taxes (1,101,372) (367,191) (2,956,485) (635,104)
Provision for income tax expense 0 0 0 2,310,835
NET LOSS $ (1,101,372) $ (367,191) $ (2,956,485) $ (2,945,939)
Loss per share:        
Basic (in dollars per share) $ (0.48) $ (0.16) $ (1.28) $ (1.29)
Diluted (in dollars per share) $ (0.48) $ (0.16) $ (1.28) $ (1.29)
Shares used in computing net loss per share:        
Basic (in shares) 2,312,887 2,287,887 2,312,887 2,287,887
Diluted (in shares) 2,312,887 2,287,887 2,312,887 2,287,887