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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 1,976,594 $ 9,261,903
Accounts receivable, net 8,191,391 7,306,653
Inventories 4,584,844 4,825,984
Other 834,076 749,466
Total current assets 15,586,905 22,144,006
Property, plant, and equipment, net 2,554,822 1,813,343
Goodwill 18,749,888 18,749,888
Other intangibles, net 11,846,009 13,748,582
Deferred tax assets and other 269,121 296,860
Total assets 49,006,745 56,752,679
Current liabilities:    
Accounts payable 2,209,473 3,967,975
Income tax payable 20,866 25,998
Accrued liabilities:    
Compensation 3,281,809 3,285,952
Other 949,497 2,450,058
Total current liabilities 6,461,645 9,729,983
Convertible debt - related party, net 23,336,854 22,529,497
Interest payable 757,615 523,743
Accrued pension liability 663,071 955,780
Deferred rent 671,088 0
Other 157,453 265,766
Total liabilities $ 32,047,726 $ 34,004,769
Commitments and contingencies
Shareholders' equity:    
Common stock $.01 par value; 100,000,000 shares authorized, 26,057,327 and 25,676,212 shares issued and outstanding at December 31, 2015 and March 31, 2015, respectively $ 260,574 $ 256,763
Additional paid-in capital 76,485,650 75,530,641
Accumulated deficit (58,910,707) (51,883,229)
Accumulated other comprehensive loss (876,498) (1,156,265)
Total shareholders' equity 16,959,019 22,747,910
Total liabilities and shareholders' equity $ 49,006,745 $ 56,752,679