v2.4.0.8
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
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