Note 6 - Intangible Assets

12 Months Ended

Mar. 31, 2015

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

NOTE

6

- INTANGIBLE ASSETS

Intangible assets are being amortized using the straight line method over periods ranging from 3-15 years with a weighted average remaining life of approximately 5.9 years.

	March 31, 2015									March 31, 2014
	Cost		Weighted Average Amortization Period (years)		Accumulated Amortization			Net Carrying Amount		Cost		Weighted Average Amortization Period (years)		Accumulated Amortization			Net Carrying Amount
Patents & Trademarks	$	82,702		15	$	(68,221	)	$	14,481	$	82,702		15	$	(66,331	)	$	16,371
Formulas		25,446		15		(25,446	)		-		25,446		15		(25,446	)		-
Non-Compete Agreement		50,000		7		(50,000	)		-		50,000		7		(50,000	)		-
Customer List		10,000		3		(10,000	)		-		10,000		3		(10,000	)		-
	$	168,148			$	(153,667	)	$	14,481	$	168,148			$	(151,777	)	$	16,371

Amortization expense was $1,890 and $38,379 for the years ended March 31, 2015 and 2014, respectively.

Estimated aggregate future amortization expense related to intangible assets is as follows:

For the fiscal years ended March 31,:
2016		1,396
2017		1,396
2018		1,396
2019		1,396
2020		1,396
Thereafter		7,501
	$	14,481