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Note 7. Related Party Transaction
12 Months Ended
Mar. 31, 2013
Related Party Transactions Disclosure [Text Block]

NOTE 7.    RELATED PARTY TRANSACTION


Affiliates of Future, Alonim Investments Inc. and two of its affiliates (collectively “Alonim”), own approximately 7.6 million shares, or approximately 16%, of our outstanding common stock as of March 31, 2013. As such, Alonim is our largest stockholder.


Our sales to Future are made under a distribution agreement that provides protection against price reduction for its inventory of our products and other sales allowances that are provided to certain of our other partners. We recognize revenue on sales to Future when Future sells the products to its end customers. Future has historically accounted for a significant portion of our net sales.


Related party contributions to our total net sales were as follows for the periods indicated:


 

Fiscal Years Ended

 

March 31,

2013

April 1,

2012

March 27,

2011

Future

    30 %     31 %     30 %

Related party receivables to our net accounts receivables were as follows as of the dates indicated below:


 

March 31,

2013

April 1,

2012

Future

    21 %     26 %

Related party expenses for reimbursement of promotional materials were not significant for fiscal years 2013, 2012 and 2011.