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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2015
Mar. 31, 2014
Current assets:    
Cash and cash equivalents $ 9,261,903 $ 8,681,610
Short-term investments 0 3,451,086
Accounts receivable, net 7,306,653 2,875,275
Inventories 4,825,984 517,217
Other 749,466 507,298
Total current assets 22,144,006 16,032,486
Property, plant, and equipment, net 1,813,343 997,609
Goodwill 18,749,888 0
Other intangibles, net 13,748,582 119,980
Deferred tax assets and other 296,860 149,942
Total assets 56,752,679 17,300,017
Current liabilities:    
Accounts payable 3,967,975 904,879
Income tax payable 25,998 21,922
Accrued liabilities:    
Compensation 3,285,952 1,999,966
Other 2,973,801 482,290
Total current liabilities 10,253,726 3,409,057
Accrued pension liability 955,780 677,088
Convertible debt - related party, net 22,529,497 0
Other 265,766 171
Total liabilities $ 34,004,769 $ 4,086,316
Commitments and contingencies    
Shareholders' equity:    
Preferred stock, $0.01 par value 5,000,000 shares authorized; none issued or outstanding $ 0 $ 0
Common stock $.01 par value; 100,000,000 shares authorized, 25,676,212 and 15,734,108 shares issued and outstanding at March 31, 2015 and 2014, respectively. 256,763 157,342
Additional paid-in capital 75,530,641 57,714,824
Accumulated deficit (51,883,229) (44,174,071)
Accumulated other comprehensive loss (1,156,265) (484,394)
Total shareholders' equity 22,747,910 13,213,700
Total liabilities and shareholders' equity $ 56,752,679 $ 17,300,017