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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2015
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 2,928,694 $ 9,261,903
Accounts receivable, net 6,497,912 7,306,653
Inventories 4,963,630 4,825,984
Other 1,636,371 749,466
Total current assets 16,026,607 22,144,006
Property, plant, and equipment, net 2,605,934 1,813,343
Goodwill 18,749,888 18,749,888
Other intangible assets, net 12,480,200 13,748,582
Deferred tax assets and other 309,211 296,860
Total assets 50,171,840 56,752,679
Current liabilities:    
Accounts payable 3,318,159 3,967,975
Interest payable 676,165 523,743
Income taxes payable 31,628 25,998
Accrued liabilities:    
Compensation 2,806,252 3,285,952
Other 1,052,179 2,450,058
Total current liabilities 7,884,383 10,253,726
Convertible debt - related party, net 23,064,570 22,529,497
Accrued pension liability 998,829 955,780
Deferred rent 644,952 0
Other 113,579 265,766
Total liabilities $ 32,706,313 $ 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, 26,058,235 and 25,676,212 shares issued and outstanding at September 30, 2015 and March 31, 2015, respectively 260,583 256,763
Additional paid-in capital 76,146,738 75,530,641
Accumulated deficit (57,820,629) (51,883,229)
Accumulated other comprehensive loss (1,121,165) (1,156,265)
Total shareholders' equity 17,465,527 22,747,910
Total liabilities and shareholders' equity $ 50,171,840 $ 56,752,679