XML 17 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - Scenario, Unspecified [Domain] - USD ($)
9 Months Ended
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES    
Net loss $ (2,956,485) $ (2,945,939)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Decrease in deferred taxes 0 2,310,835
Depreciation and amortization 34,995 30,458
Stock base compensation 0 55,585
Loss (earnings) of the Joint Venture 595,159 (229,363)
Changes in operating assets and liabilities:    
Decrease in accounts receivable and amounts due from factor 757,136 128,081
Decrease (Increase) in inventories 486,539 (409,693)
Decrease in prepaid expenses 172,235 340,026
Increase (Decrease) in accounts payable and accrued expenses 241,455 (276,946)
NET CASH USED IN OPERATING ACTIVITIES (668,966) (996,956)
INVESTING ACTIVITIES:    
Purchase of property and equipment 0 0
Dividends received from Joint Venture 0 475,930
NET CASH PROVIDED BY INVESTING ACTIVITIES 0 475,930
FINANCING ACTIVITIES:    
NET DECREASE IN CASH (668,966) (521,026)
Cash at beginning of period 2,050,993 2,438,892
CASH AT END OF PERIOD 1,382,027 1,917,866
SUPPLEMENTAL INFORMATION:    
Interest paid 0 0
Income taxes $ 0 $ 0