Quarterly Financial Data

12 Months Ended

Mar. 31, 2012

Quarterly Financial Data

14.   Quarterly Financial Data

The table below lists financial information (unaudited) by quarter for each of the two fiscal years ended March 31, 2012 and 2011.

2012	First			Second			Third			Fourth			Total Year
Net Sales	$	8,120,000		$	8,352,000		$	6,518,000		$	6,505,000		$	29,495,000
Cost of Products Sold		4,742,000			4,785,000			3,828,000			4,282,000			17,637,000
Gross Profit		3,378,000			3,567,000			2,690,000			2,223,000			11,858,000
Research & Development Expenses		1,692,000			1,714,000			1,660,000			1,475,000			6,541,000
Selling, General & Administrative Expenses		2,116,000			2,207,000			1,890,000			1,768,000			7,981,000
Net Income (Loss)	$	18,000		$	(254,000	)	$	(812,000	)	$	(1,064,000	)	$	(2,112,000	)
Basic and diluted Income (Loss) per Common Share	$	0.00		$	(0.01	)	$	(0.03	)	$	(0.03	)	$	(0.07	)
Weighted Average Common Shares Outstanding		30,687,000			30,827,000			30,972,000			31,006,000			30,873,000
2011	First			Second			Third			Fourth			Total Year
Net Sales	$	6,253,000		$	6,999,000		$	7,720,000		$	7,866,000		$	28,838,000
Cost of Products Sold		3,335,000			4,097,000			4,636,000			4,411,000			16,479,000
Gross Profit		2,918,000			2,902,000			3,084,000			3,455,000			12,359,000
Research & Development Expenses		1,288,000			1,303,000			1,362,000			1,678,000			5,631,000
Selling, General & Administrative Expenses		1,891,000			1,784,000			1,892,000			1,986,000			7,553,000
Net Loss	$	(273,000	)	$	(398,000	)	$	(649,000	)	$	(562,000	)	$	(1,882,000	)
Basic and diluted Loss per Common Share	$	(0.01	)	$	(0.02	)	$	(0.03	)	$	(0.02	)	$	(0.07	)
Weighted Average Common Shares Outstanding		24,675,000			25,659,000			25,908,000			29,285,000			26,366,000