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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES OPERATING ACTIVITIES    
Net loss $ (3,704,985) $ (4,450,244)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 46,067 43,943
Stock based compensation 0 55,585
Deferred income taxes (benefit) tax (25,000) 2,310,835
Loss of the Hong Kong Joint Venture 1,128,559 159,947
Changes in operating assets and liabilities:    
Decrease in accounts receivable and amounts due from factor 554,699 630,310
Decrease in inventories 288,131 147,439
(Increase) Decrease in prepaid expenses (32,733) 192,672
Increase in accounts payable and accrued expenses 363,468 57,572
Decrease in other assets 12,134 0
NET CASH USED IN OPERATING ACTIVITIES (1,369,660) (851,941)
INVESTING ACTIVITIES:    
Cash distributions from Joint Venture 0 416,275
Purchase of equipment 0 33,483
Funds held by factor (631,906) 0
NET CASH PROVIDED BY INVESTING ACTIVITIES (631,906) 382,792
FINANCING ACTIVITIES:    
Exercise of stock options 0 81,250
Borrowing from Hong Kong Joint Venture 0 0
NET CASH USED IN FINANCING ACTIVITIES 0 81,250
DECREASE IN CASH (2,001,566) (387,899)
Cash at beginning of period 2,050,993 2,438,892
CASH AT END OF PERIOD 49,427 2,050,993
Supplemental information:    
Interest paid 0 0
Income taxes recovered (paid) $ 0 $ 0