Profire Energy (PFIE) 10-Q 12 Feb 15 2015 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Dec. 31, 2014	Feb. 11, 2014
Document and Entity Information:
Entity Registrant Name	Profire Energy Inc
Document Type	10-Q
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Entity Central Index Key	1289636
Current Fiscal Year End Date	-28
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Entity Common Stock, Shares Outstanding		53,059,136

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2014	Mar. 31, 2014
CONDENSED CONSOLIDATED BALANCE SHEETS
Cash and cash equivalents	$15,385,607	$4,456,674
Accounts receivable, net	11,761,357	8,873,471
Inventories	11,023,339	6,579,858
Deferred tax asset	666,994	420,978
Prepaid expenses	378,133	32,263
Total Current Assets	39,215,430	20,363,244
PROPERTY AND EQUIPMENT, net	9,486,194	4,385,881
Goodwill	997,701	0
Intangible assets, net of accumulated amortization	664,892	0
Total Other Assets	1,662,593	0
TOTAL ASSETS	50,364,217	24,749,125
Accounts payable	2,806,165	1,461,138
Accrued liabilities	647,076	193,727
Deferred income tax liability	239,829	107,857
Income taxes payable	959,648	1,605,133
Total current liabilities	4,652,718	3,367,855
TOTAL LIABILITIES	4,652,718	3,367,855
Preferred shares: $0.001 par value, 10,000,000 shares authorized: no shares issued and outstanding
Common shares: $0.001 par value, 100,000,000 shares authorized: 53,053,136 and 47,836,543 shares issued and outstanding, respectively	53,053	47,836
Additional paid-in capital	25,145,712	6,496,980
Accumulated other comprehensive income	-770,828	-231,051
Retained earnings	21,283,562	15,067,505
Total Stockholders' Equity	45,711,499	21,381,270
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$50,364,217	$24,749,125

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS PARENTHETICAL (USD $)	Dec. 31, 2014	Mar. 31, 2014
CONDENSED CONSOLIDATED BALANCE SHEETS PARENTHETICAL
Preferred stock par value	$0.00	$0.00
Preferred stock shares authorized	10,000,000	10,000,000
Preferred stock shares issued
Preferred stock shares outstanding
Common stock par value	$0.00	$0.00
Common stock shares authorized	100,000,000	100,000,000
Common stock shares issued	53,053,136	47,836,543
Common stock shares outstanding	53,053,136	47,836,543

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (LOSS)
Sales of goods, net	$11,695,016	$8,999,070	$38,640,246	$24,778,093
Sales of services, net	821,683	531,767	2,742,219	1,276,780
Total Revenues	12,516,699	9,530,837	41,382,465	26,054,873
Cost of goods sold-product	5,299,912	3,894,002	16,837,531	10,169,122
Cost of goods sold-services	674,192	418,594	2,015,796	919,041
Total Cost of Goods Sold	5,974,104	4,312,596	18,853,327	11,088,163
GROSS PROFIT	6,542,595	5,218,241	22,529,138	14,966,710
General and administrative expenses	2,446,896	1,977,911	7,722,366	4,076,226
Research and development	521,814	139,691	1,331,834	390,710
Payroll expenses	1,591,397	946,878	4,624,826	2,712,947
Depreciation and amortization expense	176,371	78,685	424,014	205,610
Total Operating Expenses	4,736,478	3,143,165	14,103,040	7,385,493
INCOME FROM OPERATIONS	1,806,117	2,075,076	8,426,098	7,581,217
Interest expense	-14,222		-14,222	-10,567
Gain on disposal of fixed assets	9,052	0	9,052	1,617
Other income (expense)	-910	311	1,954	2,501
Interest income	6,687	1,544	14,467	9,910
Total Other Income (Expense)	607	1,855	11,251	3,461
NET INCOME BEFORE INCOME TAXES	1,806,724	2,076,931	8,437,349	7,584,678
INCOME TAX EXPENSE	-110,426	870,625	2,221,292	2,714,839
NET INCOME	1,917,150	1,206,306	6,216,057	4,869,839
FOREIGN CURRENCY TRANSLATION GAIN (LOSS)	-381,099	-178,593	-539,777	-378,817
TOTAL COMPREHENSIVE INCOME	$1,536,051	$1,027,713	$5,676,280	$4,491,022
BASIC EARNINGS PER SHARE	$0.04	$0.03	$0.12	$0.11
FULLY DILUTED EARNINGS PER SHARE	$0.04	$0.03	$0.12	$0.11
BASIC WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	52,884,358	46,560,913	51,112,924	45,705,105
FULLY DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	52,843,154	46,973,885	51,389,624	46,118,077

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Net Income	$6,216,057	$4,869,839
Depreciation expense	784,193	246,542
Gain on disposal of fixed assets	-9,052	-1,617
Common stock issued for services	0	28,350
Bad debt expense	-14,832	849,531
Stock options issued for services	1,031,301	0
Changes in accounts receivable	-3,035,929	-2,749,328
Changes in inventories	-4,533,903	-3,572,120
Changes in prepaid expenses	-345,977	-44,970
Changes in deferred tax asset/liability	-246,016	0
Changes in accounts payable and accrued liabilities	1,831,277	519,060
Changes in income taxes payable	-478,480	1,190,648
Net Cash Provided by Operating Activities	1,198,639	1,335,935
Proceeds from disposal of equipment	9,052	33,910
Cash paid for asset acquisition	-750,000	0
Purchase of fixed assets	-5,941,953	-654,057
Net Cash Used in Investing Activities	-6,682,901	-620,147
Stock issued for cash, net of stock offering costs	16,424,688	4,332,975
Stock issued in exercise of stock options	197,961	118,512
Net Cash Used in Financing Activities	16,622,649	4,451,487
Effect of exchange rate changes on cash	-209,454	-161,257
NET INCREASE (DECREASE) IN CASH	10,928,933	5,006,018
CASH AT BEGINNING OF PERIOD	4,456,674	808,772
CASH AT END OF PERIOD	15,385,607	5,814,790
Interest	14,222	10,567
Income taxes	2,890,769	1,655,672
Stock issued for acquisition	$1,000,000

Note_1_Condensed_Financial_Sta

Note 1 - Condensed Financial Statements	3 Months Ended
	Dec. 31, 2014
Notes
Note 1 - Condensed Financial Statements	NOTE 1 - CONDENSED FINANCIAL STATEMENTS
	The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows at December 31, 2014 and for all periods presented have been made.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed consolidated financial statements be read in conjunction with the financial statements and notes thereto included in the Company's March 31, 2014 audited financial statements.  The results of operations for the periods ended December 31, 2014 and 2013 are not necessarily indicative of the operating results for the full years.

Note_2_Significant_Accounting_

Note 2 - Significant Accounting Policies	3 Months Ended
	Dec. 31, 2014
Notes
Note 2 - Significant Accounting Policies	NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
	Cash and Cash Equivalents
	For purposes of the statement of cash flows, cash and cash equivalents include cash and all debt securities with an original maturity of 90 days or less. As of December 31, 2014 and March 31, 2014, bank balances included $15,385,607 and $4,456,674, respectively, held by the Company’s banks.  As of March 31, 2014, $3,242,159 was guaranteed by the Province of Alberta, Canada and $250,000 was guaranteed by the FDIC.  As of December 31, 2014, $3,621,059 USD, was guaranteed by the Province of Alberta, Canada and $250,000 USD was guaranteed by the FDIC.
	Accounts Receivable
	Receivables from the sale of goods and services are stated at net realizable value. This value includes an appropriate allowance for estimated uncollectible accounts.  The allowance is calculated based on past collectability and customer relationships.  The Company recorded an allowance for doubtful accounts of $105,307 and $122,390 as of December 31, 2014 and March 31, 2014, respectively.
	Inventory
	In accordance with ASC 330, the Company’s inventory is valued at the lower of cost (the purchase price, including additional fees) or market based on using the entire value of inventory.  Inventories are determined based on the average cost basis.  As of December 31, 2014 and March 31, 2014 inventory consisted of the following:
			31-Dec-14		March 31, 2014
	Raw materials		$                              -		$                                    -
	Finished goods		11,211,619		6,665,489
	Work in process		-		-
	Subtotal		11,211,619		6,665,489
	Reserve for Obsolescence		-188,280		-85,631
	Total		$             11,023,339		$                     6,579,858
	Revenue Recognition
	The Company records sales when a firm sales agreement is in place, delivery has occurred or services have been rendered, and collectability of the fixed or determinable sales price is reasonably assured.  If customer acceptance of products is not assured, the Company records sales only upon formal customer acceptance.
	Income Taxes
	The Company is subject to US and Canadian income taxes, respectively, on its US and Canadian income with a credit provided for foreign taxes paid.   The combined effective rates of income tax expense (benefit) in the US and Canada are, respectively, 35% and 28% for the nine months ended December 31, 2014 and 2013, respectively.
	Basic and Diluted Earnings Per Share
	The computation of basic earnings per share of common stock is based on the weighted average number of shares outstanding during the periods presented. The computation of fully diluted earnings per share includes common stock equivalents outstanding at the balance sheet date. The Company had 696,219 and 629,500 stock options included in the fully diluted earnings per share as of December 31, 2014 and 2013, respectively.  The Company uses the treasury stock method to calculate the dilutive effects of stock options and warrants.
		For the Nine Months Ended December 31,
		2014		2013
	Net income applicable to common shareholders	$         6,216,057		$        4,869,839
	Weighted average shares outstanding	51,112,924		45,705,105
	Weighted average fully diluted shares outstanding	51,389,624		46,118,077
	Basic earnings per share	$                  0.12		$                 0.11
	Fully diluted earnings per share	$                  0.12		$                 0.11
	Foreign Currency and Comprehensive Income
	The Company’s functional currencies are the United States dollar (USD) and the Canadian dollar (CAD), and its reporting currency is USD.  All transactions initiated in other currencies are translated into the reporting currency in accordance with ASC830-20, “Foreign Currency Matters – Foreign Currency Transactions”. The period-end exchange rates of CAD to USD of 0.86274 and 0.905186 were used to convert the Company’s December 31, 2014 and March 31, 2014 balance sheets, respectively, and the statements of operations used weighted average rates of CAD to USD 0.905229 and 0.64101 for the nine months ended December 31, 2014 and 2013, respectively. All amounts in the financial statements and footnotes are presumed to be stated in USD, unless otherwise identified. Foreign currency translation gains or losses as a result of fluctuations in the exchange rates are reflected in the Statement of Operations and Other Comprehensive Income.
	Recent Accounting Pronouncements
	The Company has evaluated recent accounting pronouncements and their adoption has not had and is not expected to have, a material impact on the Company’s financial position or statements.
	Stock-Based Compensation
	The Company follows the provisions of ASC 718, “Share-Based Payment.” which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values.  The Company uses the Black-Scholes pricing model for determining the fair value of stock based compensation.

Note_3_Property_Plant_and_Equi

Note 3 - Property, Plant and Equipment	3 Months Ended
	Dec. 31, 2014
Notes
Note 3 - Property, Plant and Equipment	NOTE 3 – PROPERTY, PLANT AND EQUIPMENT
	Property and equipment consisted of the following as of December 31, 2014 and 2013:
		2014	2013
	Office furniture and equipment	$             742,025	$          348,138
	Service and shop equipment	592,349	294,034
	Vehicles	3,070,191	596,514
	Land and buildings	6,831,870	1,812,133
	Total property and equipment	11,236,435	3,050,819
	Accumulated depreciation	-1,750,241	-507,268
	Net property and equipment	$      9,486,194	$      2,543,551

Note_4_Asset_Purchases

Note 4 - Asset Purchases	3 Months Ended
	Dec. 31, 2014
Notes
Note 4 - Asset Purchases	NOTE 4 – ASSET PURCHASES
	VIM Injection Management Inc.
	On November 14, 2014, the Company, entered into an agreement to purchase the assets of VIM Injection Management Inc.  Pursuant to the asset purchase agreement, the purchase price of the assets consisted of a one-time payment of $750,000 in cash and 265,958 shares of the Company’s common stock, which was valued at $1,000,000 ($3.76 per share). The value of the stock was based on the trading price on the date of issuance.  The accounting for the asset acquisition is based on provisional amounts subject to change based on a third party valuation.
	The total purchase price was allocated as follows:
	Consideration paid:
	Cash paid	$             750,000
	Common stock issued	1,000,000
	Total purchase price	$          1,750,000
	Consideration received:
	Inventory	$               54,577
	Intangible assets	697,722
		$             752,299
	Goodwill was recognized as a result of the acquisition as follows:
	Total consideration paid	$          1,750,000
	Total consideration received	(752,299)
		$             997,701

Note_5_Intangible_Assets

Note 5 - Intangible Assets	3 Months Ended
	Dec. 31, 2014
Notes
Note 5 - Intangible Assets	NOTE 5 – INTANGIBLE ASSETS
	Definite-lived intangible assets consist of distribution agreements, patents, trademarks, copyrights, and domain names.  The costs of the distribution agreements are amortized over the remaining life of the agreements.  The costs of the patents are to be amortized over 20 years once the patent has been approved.  Indefinite-lived intangible assets consist of goodwill.  In accordance with ASC 350, Goodwill is not amortized but tested for impairment annually or more frequently when events or circumstances indicates that the carrying value of a reporting unit more likely than not exceeds its fair value.  The Company’s annual goodwill impairment testing date is March 31 of each year.
	Intangible assets consisted of the following as of December 31, 2014 and 2013:
	Definite-lived intangible assets
		31-Dec-14	December 31, 2013
	Distribution agreements	$        45,540	$                 -
	Less:  Accumulated amortization	-15,180	-
	Distribution agreements, net	30,360	-
	Patents, trademarks, copyrights, and domain names	634,532	-
	Total definite-lived intangible assets, net	$       664,892	$                 -
	Indefinite-lived intangible assets
		31-Dec-14	December 31, 2013
	Goodwill	$    997,701	$     -

Note_6_Stockholders_Equity

Note 6 - Stockholders' Equity	3 Months Ended
	Dec. 31, 2014
Notes
Note 6 - Stockholders' Equity	NOTE 6 – STOCKHOLDERS’ EQUITY
	The Company had the following $0.001 par value authorized stock:
	Preferred Stock:  10,000,000 shares.
	Common Stock:  100,000,000 shares.
	As of December 31, 2014 and March 31, 2014, the Company had 53,053,136 and 47,836,543 shares of common stock issued and outstanding, respectively.
	On July 2, 2014, the Company completed an equity offering of 4,500,000 shares of common stock and received proceeds of $16,470,943, which is net of $1,575,312 in underwriting discounts, commission and direct costs incurred and paid by the Company in connection with this equity offering.
	On November 14, 2014, as part of the asset purchase agreement (Note 4), the Company issued 265,958 shares of common stock valued at $1,000,000.
	During the nine months ended December 31, 2014 the Company issued 450,635 shares of common stock for stock options exercised and received total cash proceeds of $197,961 (see note 8).

Note_7_Segment_Information

Note 7 - Segment Information	3 Months Ended
	Dec. 31, 2014
Notes
Note 7 - Segment Information	NOTE 7 – SEGMENT INFORMATION
	The Company operates in the United States and Canada. Segment information for these geographic areas is as follows:
		For the nine Months Ended December 31,
	Sales	2014	2013
	Canada	$  13,260,794	$  11,492,468
	United States	28,121,671	14,562,405
	Total	$  41,382,465	$  26,054,873
		December 31,	March 31,
	Long-lived assets	2014	2014
	Canada	$  1,390,988	$  1,392,577
	United States	8,095,206	2,993,304
	Total	$  9,486,194	$  4,385,881

Note_8_Stock_based_compensatio

Note 8 - Stock based compensation	3 Months Ended
	Dec. 31, 2014
Notes
Note 8 - Stock based compensation	NOTE 8 – STOCK BASED COMPENSATION
	On May 1, 2014, the Company issued a total of 133,900 stock purchase options exercisable for the purchase of its common stock at $4.03 per share. The options were issued to key employees. The options vest 1/5 each year for 5 years. The Company estimates the fair value of each stock award at the grant date by using the Black-Scholes option pricing model.  The following weighted average assumptions were used for grants as of May 1, 2014: dividend yield of zero percent; expected volatility of 149%; risk-free interest rates of 0.82% and expected life of 3.5 years.
	On May 1, 2014, the Company issued a total of 180,000 shares of restricted stock to key employees.  The shares vest 1/5 each year for 5 years.  The Company estimates the fair value of the restricted shares at their intrinsic value at time of granting.
	On September 18, 2014, the Company issued a total of 79,812 shares of restricted stock to the directors of the company.  Half of the shares vested immediately with the remaining half vesting   one year after issuance.  Additionally, the company issued a total of 12,000 shares of restricted stock units to key employees.  The units vest 1/5 each year for 5 years.  The Company estimates the fair value of the units at their intrinsic value at time of granting.
	The Company recognized $1,031,300 and $180,944 in expense for the fair value of previously granted stock based compensation that vested during the nine months ended December 31, 2014 and 2013, respectively.
	A summary of the status of the Company’s stock option plans as of December 31, 2014 and March 31, 2014 and the changes during each period are presented below:
			Options		Wtd. Avg. Fair Value
	Outstanding, March 31, 2013			1,808,000	$	0.96
	Granted			1,583,000		1.85
	Exercised			(307,150)		0.39
	Forfeited			(9,000)		1.64
	Expired			-		-
	Outstanding, March 31, 2014			3,074,850	$	1.47
	Exercisable, March 31, 2014			990,850	$	1.39
			Options		Wtd. Avg. Fair Value
	Outstanding, March 31, 2014			3,074,850	$	1.47
	Granted			133,900		4.03
	Exercised			(450,635)		0.44
	Forfeited			(41,500)		2.12
	Expired			-		-
	Outstanding, December 31, 2014			2,716,615	$	1.68
	Exercisable, December 31,2014			906,315	$	2.12
	The following table summarizes information about the Company’s outstanding stock options as of March 31, 2014:
	Range			Outstanding Shares	Average Remaining Life (Yrs)		Exercisable Shares	Weighted Average Exercise Price
	$	0.3		460,000	2.88		220,000	$	0.3
	$	0.4		250,000	0.46		250,000		0.4
	$	1.37		1,280,500	5.07		50,000		1.37
	$	1.75		784,350	3.96		320,850		1.75
	$	3.85		200,000	5.61		100,000		3.85
	$	3.95		100,000	5.86		50,000		3.95
				3,074,850	4.14		990,850	$	1.39
	The following table summarizes information about the Company’s outstanding stock options as of December 31, 2014:
	Range			Outstanding Shares	Average Remaining Life (Yrs)		Exercisable Shares	Weighted Average Exercise Price
	$	0.3		290,000	2.13		50,000	$	0.3
	$	1.37		1,243,000	4.39		314,600		1.37
	$	1.75		759,715	3.18		291,715		1.75
	$	3.85		200,000	4.85		200,000		3.85
	$	3.95		100,000	5.11		50,000		3.95
	$	4.03		123,900	5.34		-		4.03
				2,716,615	4.02		906,315	$	2.12
	The following table summarizes information about non-vested options as of the nine months ended December 31, 2014:
	Non-vested options		Options		Wtd. Avg.  Grant Date  Fair Value
	Non-vested at March 31, 2014			2,084,000	$	1.51
	Stock options issued during the nine months			133,900		4.03
	Stock options canceled			(21,500)		-
	Vested during the nine months endeed December 31, 2014			(386,100)		2.01
	Non-vested at December 31, 2014			1,810,300	$	1.58
	The following table summarizes information about non-vested restricted stock as of the nine months ended December 31, 2014:
	Non-vested restricted stock		Restricted Stock		Wtd. Avg.  Grant Date  Fair Value
	Non-vested at March 31, 2014			-	$	-
	Stock options issued during the nine months			179,999		4.03
	Stock options canceled			-		-
	Vested during the nine months ended December 31, 2014			-		-
	Non-vested at December 31, 2014			179,999	$	4.03
	Non-vested restricted stock units		Restricted Stock Units		Wtd. Avg.  Grant Date  Fair Value
	Non-vested at March 31, 2014			-	$	-
	Stock options issued during the nine months			91,812		4.21
	Stock options canceled			-		-
	Vested during the nine months ended December 31, 2014			(39,904)		4.21
	Non-vested at December 31, 2014			51,908	$	4.21

Note_2_Significant_Accounting_1

Note 2 - Significant Accounting Policies: Use of Estimates (Policies)	3 Months Ended
	Dec. 31, 2014
Policies
Use of Estimates	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Note_2_Significant_Accounting_2

Note 2 - Significant Accounting Policies: Cash and Cash Equivalents (Policies)	3 Months Ended
	Dec. 31, 2014
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents
	For purposes of the statement of cash flows, cash and cash equivalents include cash and all debt securities with an original maturity of 90 days or less. As of December 31, 2014 and March 31, 2014, bank balances included $15,385,607 and $4,456,674, respectively, held by the Company’s banks.  As of March 31, 2014, $3,242,159 was guaranteed by the Province of Alberta, Canada and $250,000 was guaranteed by the FDIC.  As of December 31, 2014, $3,621,059 USD, was guaranteed by the Province of Alberta, Canada and $250,000 USD was guaranteed by the FDIC.

Note_2_Significant_Accounting_3

Note 2 - Significant Accounting Policies: Accounts Receivable (Policies)	3 Months Ended
	Dec. 31, 2014
Policies
Accounts Receivable	Accounts Receivable
	Receivables from the sale of goods and services are stated at net realizable value. This value includes an appropriate allowance for estimated uncollectible accounts.  The allowance is calculated based on past collectability and customer relationships.  The Company recorded an allowance for doubtful accounts of $105,307 and $122,390 as of December 31, 2014 and March 31, 2014, respectively.

Note_2_Significant_Accounting_4

Note 2 - Significant Accounting Policies: Inventory (Policies)	3 Months Ended
	Dec. 31, 2014
Policies
Inventory	Inventory
	In accordance with ASC 330, the Company’s inventory is valued at the lower of cost (the purchase price, including additional fees) or market based on using the entire value of inventory.  Inventories are determined based on the average cost basis.  As of December 31, 2014 and March 31, 2014 inventory consisted of the following:
		31-Dec-14	March 31, 2014
	Raw materials	$                              -	$                                    -
	Finished goods	11,211,619	6,665,489
	Work in process	-	-
	Subtotal	11,211,619	6,665,489
	Reserve for Obsolescence	-188,280	-85,631
	Total	$             11,023,339	$                     6,579,858

Note_2_Significant_Accounting_5

Note 2 - Significant Accounting Policies: Revenue Recognition (Policies)	3 Months Ended
	Dec. 31, 2014
Policies
Revenue Recognition	Revenue Recognition
	The Company records sales when a firm sales agreement is in place, delivery has occurred or services have been rendered, and collectability of the fixed or determinable sales price is reasonably assured.  If customer acceptance of products is not assured, the Company records sales only upon formal customer acceptance.

Note_2_Significant_Accounting_6

Note 2 - Significant Accounting Policies: Income Taxes (Policies)	3 Months Ended
	Dec. 31, 2014
Policies
Income Taxes	Income Taxes
	The Company is subject to US and Canadian income taxes, respectively, on its US and Canadian income with a credit provided for foreign taxes paid.   The combined effective rates of income tax expense (benefit) in the US and Canada are, respectively, 35% and 28% for the nine months ended December 31, 2014 and 2013, respectively.

Note_2_Significant_Accounting_7

Note 2 - Significant Accounting Policies: Basic and Diluted Earnings Per Share (Policies)	3 Months Ended
	Dec. 31, 2014
Policies
Basic and Diluted Earnings Per Share	Basic and Diluted Earnings Per Share
	The computation of basic earnings per share of common stock is based on the weighted average number of shares outstanding during the periods presented. The computation of fully diluted earnings per share includes common stock equivalents outstanding at the balance sheet date. The Company had 696,219 and 629,500 stock options included in the fully diluted earnings per share as of December 31, 2014 and 2013, respectively.  The Company uses the treasury stock method to calculate the dilutive effects of stock options and warrants.
		For the Nine Months Ended December 31,
		2014	2013
	Net income applicable to common shareholders	$         6,216,057	$        4,869,839
	Weighted average shares outstanding	51,112,924	45,705,105
	Weighted average fully diluted shares outstanding	51,389,624	46,118,077
	Basic earnings per share	$                  0.12	$                 0.11
	Fully diluted earnings per share	$                  0.12	$                 0.11

Note_2_Significant_Accounting_8

Note 2 - Significant Accounting Policies: Foreign Currency and Comprehensive Income (Policies)	3 Months Ended
	Dec. 31, 2014
Policies
Foreign Currency and Comprehensive Income	Foreign Currency and Comprehensive Income
	The Company’s functional currencies are the United States dollar (USD) and the Canadian dollar (CAD), and its reporting currency is USD.  All transactions initiated in other currencies are translated into the reporting currency in accordance with ASC830-20, “Foreign Currency Matters – Foreign Currency Transactions”. The period-end exchange rates of CAD to USD of 0.86274 and 0.905186 were used to convert the Company’s December 31, 2014 and March 31, 2014 balance sheets, respectively, and the statements of operations used weighted average rates of CAD to USD 0.905229 and 0.64101 for the nine months ended December 31, 2014 and 2013, respectively. All amounts in the financial statements and footnotes are presumed to be stated in USD, unless otherwise identified. Foreign currency translation gains or losses as a result of fluctuations in the exchange rates are reflected in the Statement of Operations and Other Comprehensive Income.

Note_2_Significant_Accounting_9

Note 2 - Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	3 Months Ended
	Dec. 31, 2014
Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	The Company has evaluated recent accounting pronouncements and their adoption has not had and is not expected to have, a material impact on the Company’s financial position or statements.

Recovered_Sheet1

Note 2 - Significant Accounting Policies: Stock-based Compensation (Policies)	3 Months Ended
	Dec. 31, 2014
Policies
Stock-based Compensation	Stock-Based Compensation
	The Company follows the provisions of ASC 718, “Share-Based Payment.” which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values.  The Company uses the Black-Scholes pricing model for determining the fair value of stock based compensation.

Recovered_Sheet2

Note 2 - Significant Accounting Policies: Inventory: Schedule of Inventory, Current (Tables)	3 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Inventory, Current		31-Dec-14	March 31, 2014
	Raw materials	$                              -	$                                    -
	Finished goods	11,211,619	6,665,489
	Work in process	-	-
	Subtotal	11,211,619	6,665,489
	Reserve for Obsolescence	-188,280	-85,631
	Total	$             11,023,339	$                     6,579,858

Recovered_Sheet3

Note 2 - Significant Accounting Policies: Basic and Diluted Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)	3 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Earnings Per Share, Basic and Diluted		For the Nine Months Ended December 31,
		2014	2013
	Net income applicable to common shareholders	$         6,216,057	$        4,869,839
	Weighted average shares outstanding	51,112,924	45,705,105
	Weighted average fully diluted shares outstanding	51,389,624	46,118,077
	Basic earnings per share	$                  0.12	$                 0.11
	Fully diluted earnings per share	$                  0.12	$                 0.11

Note_3_Property_Plant_and_Equi1

Note 3 - Property, Plant and Equipment: Property, Plant and Equipment (Tables)	3 Months Ended
	Dec. 31, 2014
Tables/Schedules
Property, Plant and Equipment
		2014	2013
	Office furniture and equipment	$             742,025	$          348,138
	Service and shop equipment	592,349	294,034
	Vehicles	3,070,191	596,514
	Land and buildings	6,831,870	1,812,133
	Total property and equipment	11,236,435	3,050,819
	Accumulated depreciation	-1,750,241	-507,268
	Net property and equipment	$      9,486,194	$      2,543,551

Note_4_Asset_Purchases_Schedul

Note 4 - Asset Purchases: Schedule Of Asset Purchases (Tables)	3 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule Of Asset Purchases
	Consideration paid:
	Cash paid	$             750,000
	Common stock issued	1,000,000
	Total purchase price	$          1,750,000
	Consideration received:
	Inventory	$               54,577
	Intangible assets	697,722
		$             752,299
	Goodwill was recognized as a result of the acquisition as follows:
	Total consideration paid	$          1,750,000
	Total consideration received	(752,299)
		$             997,701

Note_5_Intangible_Assets_Sched

Note 5 - Intangible Assets: Schedule of Finite-Lived Intangible Assets (Tables)	3 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Finite-Lived Intangible Assets
		31-Dec-14	December 31, 2013
	Distribution agreements	$        45,540	$                 -
	Less:  Accumulated amortization	-15,180	-
	Distribution agreements, net	30,360	-
	Patents, trademarks, copyrights, and domain names	634,532	-
	Total definite-lived intangible assets, net	$       664,892	$                 -

Note_5_Intangible_Assets_Sched1

Note 5 - Intangible Assets: Schedule of Indefinite-Lived Intangible Assets (Tables)	3 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Indefinite-Lived Intangible Assets
		31-Dec-14	December 31, 2013
	Goodwill	$    997,701	$     -

Note_7_Segment_Information_Sch

Note 7 - Segment Information: Schedule of Segment Reporting Information, by Segment (Tables)	3 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Segment Reporting Information, by Segment
		For the nine Months Ended December 31,
	Sales	2014	2013
	Canada	$  13,260,794	$  11,492,468
	United States	28,121,671	14,562,405
	Total	$  41,382,465	$  26,054,873
		December 31,	March 31,
	Long-lived assets	2014	2014
	Canada	$  1,390,988	$  1,392,577
	United States	8,095,206	2,993,304
	Total	$  9,486,194	$  4,385,881

Note_8_Stock_based_compensatio1

Note 8 - Stock based compensation: Schedule of Share-based Compensation, Activity (Tables)	3 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Share-based Compensation, Activity		Options		Wtd. Avg. Fair Value
	Outstanding, March 31, 2013		1,808,000	$	0.96
	Granted		1,583,000		1.85
	Exercised		(307,150)		0.39
	Forfeited		(9,000)		1.64
	Expired		-		-
	Outstanding, March 31, 2014		3,074,850	$	1.47
	Exercisable, March 31, 2014		990,850	$	1.39
		Options		Wtd. Avg. Fair Value
	Outstanding, March 31, 2014		3,074,850	$	1.47
	Granted		133,900		4.03
	Exercised		(450,635)		0.44
	Forfeited		(41,500)		2.12
	Expired		-		-
	Outstanding, December 31, 2014		2,716,615	$	1.68
	Exercisable, December 31,2014		906,315	$	2.12

Note_8_Stock_based_compensatio2

Note 8 - Stock based compensation: Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding (Tables)	3 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding	The following table summarizes information about the Company’s outstanding stock options as of March 31, 2014:
	Range		Outstanding Shares	Average Remaining Life (Yrs)	Exercisable Shares	Weighted Average Exercise Price
	$	0.3	460,000	2.88	220,000	$	0.3
	$	0.4	250,000	0.46	250,000		0.4
	$	1.37	1,280,500	5.07	50,000		1.37
	$	1.75	784,350	3.96	320,850		1.75
	$	3.85	200,000	5.61	100,000		3.85
	$	3.95	100,000	5.86	50,000		3.95
			3,074,850	4.14	990,850	$	1.39
	The following table summarizes information about the Company’s outstanding stock options as of December 31, 2014:
	Range		Outstanding Shares	Average Remaining Life (Yrs)	Exercisable Shares	Weighted Average Exercise Price
	$	0.3	290,000	2.13	50,000	$	0.3
	$	1.37	1,243,000	4.39	314,600		1.37
	$	1.75	759,715	3.18	291,715		1.75
	$	3.85	200,000	4.85	200,000		3.85
	$	3.95	100,000	5.11	50,000		3.95
	$	4.03	123,900	5.34	-		4.03
			2,716,615	4.02	906,315	$	2.12

Note_8_Stock_based_compensatio3

Note 8 - Stock based compensation: Schedule of Nonvested Share Activity (Tables)	3 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Nonvested Share Activity
	Non-vested options	Options		Wtd. Avg.  Grant Date  Fair Value
	Non-vested at March 31, 2014		2,084,000	$	1.51
	Stock options issued during the nine months		133,900		4.03
	Stock options canceled		(21,500)		-
	Vested during the nine months endeed December 31, 2014		(386,100)		2.01
	Non-vested at December 31, 2014		1,810,300	$	1.58

Note_8_Stock_based_compensatio4

Note 8 - Stock based compensation: Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested, Non-Vested and Expected to Vest (Tables)	3 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested, Non-Vested and Expected to Vest
	Non-vested restricted stock	Restricted Stock		Wtd. Avg.  Grant Date  Fair Value
	Non-vested at March 31, 2014		-	$	-
	Stock options issued during the nine months		179,999		4.03
	Stock options canceled		-		-
	Vested during the nine months ended December 31, 2014		-		-
	Non-vested at December 31, 2014		179,999	$	4.03
	Non-vested restricted stock units	Restricted Stock Units		Wtd. Avg.  Grant Date  Fair Value
	Non-vested at March 31, 2014		-	$	-
	Stock options issued during the nine months		91,812		4.21
	Stock options canceled		-		-
	Vested during the nine months ended December 31, 2014		(39,904)		4.21
	Non-vested at December 31, 2014		51,908	$	4.21

Recovered_Sheet4

Note 2 - Significant Accounting Policies: Cash and Cash Equivalents (Details) (USD $)	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Details
Cash and cash equivalents	$15,385,607	$4,456,674	$5,814,790	$808,772
Bank balance guaranteed by the Province of Alberta, Canada	3,621,059	3,242,159
Cash, FDIC Insured Amount	$250,000	$250,000

Recovered_Sheet5

Note 2 - Significant Accounting Policies: Accounts Receivable (Details) (USD $)	Dec. 31, 2014	Mar. 31, 2014
Details
Allowance for Doubtful Accounts Receivable	$105,307	$122,390

Recovered_Sheet6

Note 2 - Significant Accounting Policies: Inventory: Schedule of Inventory, Current (Details) (USD $)	Dec. 31, 2014	Mar. 31, 2014
Details
Inventory, Finished Goods, Gross	$11,211,619	$6,665,489
Inventory, Gross	11,211,619	6,665,489
Inventory Valuation Reserves	-188,280	-85,631
Inventories	$11,023,339	$6,579,858

Recovered_Sheet7

Note 2 - Significant Accounting Policies: Income Taxes (Details)	9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%	28.00%

Recovered_Sheet8

Note 2 - Significant Accounting Policies: Basic and Diluted Earnings Per Share (Details)	9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Stock options included in the fully diluted earnings per share	696,219	629,500

Recovered_Sheet9

Note 2 - Significant Accounting Policies: Basic and Diluted Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Details) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Details
Net Income	$1,917,150	$1,206,306	$6,216,057	$4,869,839
BASIC WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	52,884,358	46,560,913	51,112,924	45,705,105
FULLY DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	52,843,154	46,973,885	51,389,624	46,118,077
BASIC EARNINGS PER SHARE	$0.04	$0.03	$0.12	$0.11
FULLY DILUTED EARNINGS PER SHARE	$0.04	$0.03	$0.12	$0.11

Recovered_Sheet10

Note 2 - Significant Accounting Policies: Foreign Currency and Comprehensive Income (Details)	9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2014
Details
Period-end exchange rates	0.86274		0.905186
Weighted average exchange rate	0.905229	0.64101

Note_3_Property_Plant_and_Equi2

Note 3 - Property, Plant and Equipment: Property, Plant and Equipment (Details) (USD $)	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment, Gross	$11,236,435		$3,050,819
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	-1,750,241		-507,268
PROPERTY AND EQUIPMENT, net	9,486,194	4,385,881	2,543,551
Office Equipment
Property, Plant and Equipment, Gross	742,025		348,138
Other Machinery and Equipment
Property, Plant and Equipment, Gross	592,349		294,034
Vehicles
Property, Plant and Equipment, Gross	3,070,191		596,514
Land and Building
Property, Plant and Equipment, Gross	$6,831,870		$1,812,133

Note_4_Asset_Purchases_Details

Note 4 - Asset Purchases (Details) (USD $)	3 Months Ended	9 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Details
Cash paid for asset acquisition	$750,000	$750,000	$0
Stock Issued During Period, Shares, Acquisitions	265,958
Stock issued for acquisition	$1,000,000	($1,000,000)

Note_4_Asset_Purchases_Schedul1

Note 4 - Asset Purchases: Schedule Of Asset Purchases (Details) (USD $)	3 Months Ended	9 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Details
Cash paid for asset acquisition	$750,000	$750,000	$0
Stock issued for acquisition	1,000,000	-1,000,000
Total Purchase Price	1,750,000	1,750,000
Business Acquisition, Purchase Price Allocation, Current Assets, Inventory	54,577	54,577
Business Acquisition, Purchase Price Allocation, Intangible Assets Other than Goodwill	697,722	697,722
Total Consideration Received	752,299	752,299
Business Acquisition, Purchase Price Allocation, Goodwill Amount	$997,701	$997,701

Note_5_Intangible_Assets_Sched2

Note 5 - Intangible Assets: Schedule of Finite-Lived Intangible Assets (Details) (USD $)	Dec. 31, 2014	Mar. 31, 2014
Details
Distribution Agreements, Gross	$45,540
Accumulated Amortization of Other Deferred Costs	-15,180
Distribution Agreements, Net	30,360
Other Finite-Lived Intangible Assets, Gross	634,532
Intangible assets, net of accumulated amortization	$664,892	$0

Note_5_Intangible_Assets_Sched3

Note 5 - Intangible Assets: Schedule of Indefinite-Lived Intangible Assets (Details) (USD $)	Dec. 31, 2014	Mar. 31, 2014
Details
Goodwill	$997,701	$0

Note_6_Stockholders_Equity_Det

Note 6 - Stockholders' Equity (Details) (USD $)	3 Months Ended	9 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Mar. 31, 2014
Details
Common stock par value	$0.00	$0.00	$0.00
Preferred stock par value	$0.00	$0.00	$0.00
Preferred stock shares authorized	10,000,000	10,000,000	10,000,000
Common stock shares authorized	100,000,000	100,000,000	100,000,000
Common stock shares issued	53,053,136	53,053,136	47,836,543
Common stock shares outstanding	53,053,136	53,053,136	47,836,543
Stock Issued During Period, Shares, Acquisitions	265,958
Stock issued for acquisition	$1,000,000	($1,000,000)

Note_7_Segment_Information_Sch1

Note 7 - Segment Information: Schedule of Segment Reporting Information, by Segment (Details) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2014
Total Revenues	$12,516,699	$9,530,837	$41,382,465	$26,054,873
PROPERTY AND EQUIPMENT, net	9,486,194	2,543,551	9,486,194	2,543,551	4,385,881
CANADA
Total Revenues			13,260,794	11,492,468
PROPERTY AND EQUIPMENT, net	1,390,988		1,390,988		1,392,577
UNITED STATES
Total Revenues			28,121,671	14,562,405
PROPERTY AND EQUIPMENT, net	$8,095,206		$8,095,206		$2,993,304

Note_8_Stock_based_compensatio5

Note 8 - Stock based compensation: Schedule of Share-based Compensation, Activity (Details) (USD $)	9 Months Ended	12 Months Ended
	Dec. 31, 2014	Mar. 31, 2014	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	2,716,615	3,074,850	1,808,000
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Grant Date Fair Value	$1.68	$1.47	$0.96
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	133,900	1,583,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$4.03	$1.85
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised In Period Weighted Average Grant Date Fair Value	$0.44	$0.39
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	-41,500	-9,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	$2.12	$1.64
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	906,315	990,850
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercisable Weighted Average Grant Date Fair Value	$2.12	$1.39
Common stock
Exercised options - shares	-450,635	-307,150

Note_8_Stock_based_compensatio6

Note 8 - Stock based compensation: Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding (Details) (USD $)	9 Months Ended	12 Months Ended
	Dec. 31, 2014	Mar. 31, 2014
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options	2,716,615	3,074,850
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	4 years 7 days	4 years 1 month 20 days
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options	906,315	990,850
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$2.12	$1.39
Exercisable Options 1
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options	50,000	220,000
Exercisable Options 2
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options	314,600	250,000
Exercisable Options 3
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options	291,715	50,000
Exercisable Options 4
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options	200,000	320,850
Exercisable Options 5
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options	50,000	100,000
Exercisable Options 6
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options		50,000
Outstanding Options 1
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options	290,000	460,000
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	2 years 1 month 17 days	2 years 10 months 17 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$0.30	$0.30
Outstanding Options 2
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options	1,243,000	250,000
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	4 years 4 months 20 days	5 months 16 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$1.37	$0.40
Outstanding Options 3
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options	759,715	1,280,500
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	3 years 2 months 5 days	5 years 25 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$1.75	$1.37
Outstanding Options 4
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options	200,000	784,350
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	4 years 10 months 6 days	3 years 11 months 16 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$3.85	$1.75
Outstanding Options 5
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options	100,000	200,000
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	5 years 1 month 10 days	5 years 7 months 10 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$3.95	$3.85
Outstanding Options 6
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options	123,900	100,000
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term	5 years 4 months 2 days	5 years 10 months 10 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$4.03	$3.95

Note_8_Stock_based_compensatio7

Note 8 - Stock based compensation: Schedule of Nonvested Share Activity (Details) (USD $)	9 Months Ended
	Dec. 31, 2014	Mar. 31, 2014
Details
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares	1,810,300	2,084,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value	$1.58	$1.51
Nonvested Stock options issued during the period	133,900
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$4.03
Nonvested Stock options canceled during the period	-21,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares	-386,100
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value	$2.01

Note_8_Stock_based_compensatio8

Note 8 - Stock based compensation: Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested, Non-Vested and Expected to Vest (Details) (USD $)	9 Months Ended
	Dec. 31, 2014
Details
Nonvested Restricted Stock options issued during the period	179,999
Nonvested Restricted Stock options issued during the period, Weighted average grant date fair value	$4.03
Nonvested Restricted Stock options	179,999
Nonvested Restricted Stock options, Weighted average grant date fair value	$4.03
Nonvested Restricted Stock units issued during the period	91,812
Nonvested Restricted Stock units issued during the period, Weighted average grant date fair value	$4.21
Vested Restricted Stock units	-39,904
Vested Restricted Stock units, Weighted average grant date fair value	$4.21
Nonvested Restricted Stock units	51,908
Nonvested Restricted Stock units, Weighted average grant date fair value	$4.21