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GOODWILL AND INTANGIBLE ASSETS (Tables)
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12 Months Ended |
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Mar. 31, 2013
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| 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 | | |