v2.4.0.8
PROVISION FOR INCOME TAXES (Details 1) (USD $)
Mar. 31, 2013
Mar. 31, 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 0 0
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)