v2.4.0.8

PROVISION FOR INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following table reconciles the income tax benefit and the federal statutory rate of 34%.

		Years ended March 31,
		2013			2012
		%			%
Computed expected tax benefit, at 34%			34.00			34.00
Increase in valuation allowance			(34.39)			(43.34)
Effect of foreign rate differential			(2.96)			(2.17)
Taxes included in minority interest			(3.81)			(1.87)
Other			(1.56)			4.39
State and local taxes, net of federal benefit			6.00			6.00
Income tax benefit			(2.72)			(2.99)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities are presented below.

		March 31,
		2013			2012
Deferred income tax assets:
Foreign currency transactions		$	103,000		$	105,000
Accounts receivable			5,000			38,000
Inventory			280,000			164,000
Stock based compensation			1,967,000			1,854,000
Amortization of intangibles			1,463,000			1,306,000
Net operating loss carryforwards — U.S.			31,623,000			30,012,000
Net operating loss carryforwards — foreign			1,957,000			1,916,000
Other			2,000			2,000
Total gross assets			37,400,000			35,397,000
Less: Valuation allowance			(37,400,000)			(35,397,000)
Net deferred asset		$	—		$	—
Deferred income tax liability:
Intangible assets acquired in acquisition of subsidiary		$	(629,444)		$	(629,444)
Intangible assets acquired in investment in GCP			(1,037,012)			(1,185,164)
Net deferred income tax liability		$	(1,666,456)		$	(1,814,608)

X

- Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration