XML 23 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2011
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]      
Net sales $ 22,417,980 $ 20,561,714 $ 13,787,032
Cost of goods sold 3,014,886 3,036,967 2,386,431
Gross profit 19,403,094 17,524,747 11,400,601
Operating expenses      
General and administrative 4,187,819 3,732,623 3,442,952
Research and development 2,415,123 1,905,366 1,719,532
Selling and marketing 15,238,600 15,296,217 10,092,062
Amortization 862,833 856,995 843,602
Total operating expenses 22,704,375 21,791,201 16,098,148
Operating loss (3,301,281) (4,266,454) (4,697,547)
Other income (expense)      
Interest income 46,039 60,072 72,426
Interest expense (707) (57) (5,067)
Foreign currency exchange gain 1,573 3,780 10,722
Total other income (expenses) 46,905 63,795 78,081
Loss before income taxes (3,254,376) (4,202,659) (4,619,466)
Income tax expense 50,770 47,712 28,837
Net loss $ (3,305,146) $ (4,250,371) $ (4,648,303)
Basic and diluted net loss per share (in dollars per share) $ (0.16) $ (0.21) $ (0.25)
Weighted average common shares outstanding:      
Basic and diluted (in shares) 20,777,238 20,689,819 18,874,009