v2.4.0.8

GOODWILL AND INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill [Table Text Block] | The changes in the carrying amount of goodwill for the six months ended September 30, 2013 were as follows:
|  | Amount |
Balance as of March 31, 2013 |  | $ | 490,286 |
Payments under McLain and Kyne agreement |  |  | 5,940 |
Balance as of September 30, 2013 |  | $ | 496,226 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Intangible assets consist of the following:
| September 30, 2013 |  | March 31, 2013
Definite life brands | $ | 170,000 |  | $ | 170,000
Trademarks |  | 535,947 |  |  | 535,947
Rights |  | 8,271,555 |  |  | 8,271,555
Product development |  | 96,959 |  |  | 96,959
Patents |  | 994,000 |  |  | 994,000
Other |  | 55,461 |  |  | 28,480
|  | 10,123,922 |  |  | 10,096,941
Less: accumulated amortization |  | 5,731,420 |  |  | 5,404,000
Net |  | 4,392,502 |  |  | 4,692,941
Other identifiable intangible assets — indefinite lived* |  | 4,112,972 |  |  | 4,112,972
| $ | 8,505,474 |  | $ | 8,805,913
* Other identifiable intangible assets — indefinite lived consists of product formulations.
Accumulated Amortization [Table Text Block] | Accumulated amortization consists of the following:
|  | September 30, 2013 |  | March 31, 2013 |
Definite life brands |  | $ | 169,999 |  | $ | 169,999 |
Trademarks |  |  | 246,470 |  |  | 230,379 |
Rights |  |  | 4,685,197 |  |  | 4,409,221 |
Product development |  |  | 18,500 |  |  | 16,280 |
Patents |  |  | 611,254 |  |  | 578,121 |
Other |  |  | - |  |  | - |
Accumulated amortization |  | $ | 5,731,420 |  | $ | 5,404,000 |

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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 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 2: 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=26713463&loc=d3e16323-109275 + 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 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 2: 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 + Details
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