v2.4.0.8

GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill [Table Text Block] | The changes in the carrying amount of goodwill for the years ended March 31, 2013 and 2012 were as follows:
|  | Amount |
Balance as of March 31, 2011 |  | $ | 1,126,010 |
Payments under McLain and Kyne agreement |  |  | 117,048 |
Balance as of March 31, 2012 |  | $ | 1,243,058 |
Write-down of goodwill related to wine brands |  |  | (898,572) |
Payments under McLain and Kyne agreement |  |  | 145,800 |
Balance as of March 31, 2013 |  | $ | 490,286 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Intangible assets consist of the following:
|  | March 31, |
|  | 2013 |  | 2012 |
Definite life brands |  | $ | 170,000 |  | $ | 170,000 |
Trademarks |  |  | 535,947 |  |  | 557,947 |
Rights |  |  | 8,271,555 |  |  | 8,271,555 |
Distributor relationships |  |  | — |  |  | 664,000 |
Product development |  |  | 96,959 |  |  | 43,395 |
Patents |  |  | 994,000 |  |  | 994,000 |
Other |  |  | 28,480 |  |  | 28,480 |
|  |  | 10,096,941 |  |  | 10,729,377 |
Less: accumulated amortization |  |  | 5,404,000 |  |  | 4,906,061 |
Net |  |  | 4,692,941 |  |  | 5,823,316 |
Other identifiable intangible assets — indefinite lived* |  |  | 4,112,972 |  |  | 4,478,972 |
|  | $ | 8,805,913 |  | $ | 10,302,288 |
Accumulated Amortization [Table Text Block] | Accumulated amortization consists of the following:
|  | March 31, |
|  | 2013 |  | 2012 |
Definite life brands |  | $ | 169,999 |  | $ | 160,552 |
Trademarks |  |  | 230,379 |  |  | 197,197 |
Rights |  |  | 4,409,221 |  |  | 3,857,271 |
Distributor relationships |  |  | — |  |  | 166,978 |
Product development |  |  | 16,280 |  |  | 12,210 |
Patents |  |  | 578,121 |  |  | 511,853 |
Other |  |  | - |  |  | - |
Accumulated amortization |  | $ | 5,404,000 |  | $ | 4,906,061 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Estimated aggregate amortization expense for each of the next five fiscal years is as follows:
Years ending March 31, |  | Amount |
2014 |  | $ | 642,697 |
2015 |  |  | 636,236 |
2016 |  |  | 635,433 |
2017 |  |  | 635,433 |
2018 |  |  | 635,433 |
Total |  | $ | 3,185,232 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph e -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 47 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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