v2.4.0.6

GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill [Table Text Block] | The change in the carrying amount of goodwill for the three months ended December 31, 2012 was as follows:
|  | Amount |
Balance as of March 31, 2012 |  | $ | 1,243,058 |
Payments under McLain & Kyne agreement |  |  | 123,660 |
Balance as of December 31, 2012 |  | $ | 1,366,718
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Intangible assets consist of the following:
|  | December 31, |  |  | March 31, |
|  | 2012 |  |  | 2012 |
Definite life brands |  | $ | 170,000 |  |  | $ | 170,000 |
Trademarks |  |  | 557,947 |  |  |  | 557,947 |
Rights |  |  | 8,271,555 |  |  |  | 8,271,555 |
Distributor relationships |  |  | 664,000 |  |  |  | 664,000 |
Product development |  |  | 96,959 |  |  |  | 43,395 |
Patents |  |  | 994,000 |  |  |  | 994,000 |
Other |  |  | 28,480 |  |  |  | 28,480 |
|  |  | 10,782,941 |  |  |  | 10,729,377 |
Less: accumulated amortization |  |  | 5,457,133 |  |  |  | 4,906,061 |
Net |  |  | 5,325,808 |  |  |  | 5,823,316 |
Other identifiable intangible assets — indefinite lived* |  |  | 4,478,972 |  |  |  | 4,478,972 |
|  | $ | 9,804,780 |  |  | $ | 10,302,288 |
* Other identifiable intangible assets — indefinite lived consists of product formulations.
Accumulated Amortization [Table Text Block] | Accumulated amortization consists of the following:
|  | December 31, |  |  | March 31, |
|  | 2012 |  |  | 2012 |
Definite life brands |  | $ | 169,054 |  |  | $ | 160,552 |
Trademarks |  |  | 222,152 |  |  |  | 197,197 |
Rights |  |  | 4,271,234 |  |  |  | 3,857,271 |
Distributor relationships |  |  | 217,876 |  |  |  | 166,978 |
Product development |  |  | 15,263 |  |  |  | 12,210 |
Patents |  |  | 561,554 |  |  |  | 511,853 |
Other |  |  | - |  |  |  | - |
Accumulated amortization |  | $ | 5,457,133 |  |  | $ | 4,906,061

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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 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 2: 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. Reference 3: 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 4: 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 5: 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. + Details
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