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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2015
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 5,996,245 $ 9,261,903
Accounts receivable, net 6,450,016 7,306,653
Inventories 4,868,685 4,825,984
Other 902,323 749,466
Total current assets 18,217,269 22,144,006
Property, plant, and equipment, net 1,969,809 1,813,343
Goodwill 18,749,888 18,749,888
Other intangible assets, net 13,114,391 13,748,582
Deferred tax assets and other 303,315 296,860
Total assets 52,354,672 56,752,679
Current liabilities:    
Accounts payable 3,875,197 3,967,975
Interest payable 599,954 523,743
Income taxes payable 25,602 25,998
Accrued liabilities:    
Compensation 2,868,815 3,285,952
Other 1,505,110 2,450,058
Total current liabilities 8,874,678 10,253,726
Convertible debt - related party, net 22,795,464 22,529,497
Accrued pension liability 1,020,389 955,780
Other 228,468 265,766
Total liabilities $ 32,918,999 $ 34,004,769
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, 26,053,081 and 25,676,212 shares issued and outstanding at June 30, 2015 and March 31, 2015, respectively 260,532 256,763
Additional paid-in capital 75,747,690 75,530,641
Accumulated deficit (55,451,989) (51,883,229)
Accumulated other comprehensive loss (1,120,560) (1,156,265)
Total shareholders' equity 19,435,673 22,747,910
Total liabilities and shareholders' equity $ 52,354,672 $ 56,752,679