Castle Brands (ROX) 10-Q 13 Nov 13 2014 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Sep. 30, 2013	Nov. 08, 2013
Document Information [Line Items]	'	'
Entity Registrant Name	'Castle Brands Inc	'
Entity Central Index Key	'0001311538	'
Current Fiscal Year End Date	'--03-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'ROX	'
Entity Common Stock, Shares Outstanding	'	111,641,415
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets(USD ($))	Sep. 30, 2013	Mar. 31, 2013
ASSETS:	'	'
Cash and cash equivalents	$151,523	$439,323
Accounts receivable — net of allowance for doubtful accounts of $91,303 and $70,692, respectively	7,672,081	7,025,358
Due from shareholders and affiliates	502,304	303,226
Inventories— net of allowance for obsolete and slow moving inventory of $208,996 and $461,660, respectively	13,668,804	13,731,962
Prepaid expenses and other current assets	1,194,379	983,834
Total Current Assets	23,189,091	22,483,703
Equipment - net	513,005	516,641
Investment in non-consolidated affiliate, at equity	96,823	116,700
Intangible assets — net of accumulated amortization of $5,731,420 and $5,404,000, respectively	8,505,474	8,805,913
Goodwill	496,226	490,286
Restricted cash	408,946	451,346
Other assets	265,308	252,506
Total Assets	33,474,873	33,117,095
LIABILITIES AND EQUITY:	'	'
Foreign revolving credit facility	220,102	89,407
Accounts payable	5,139,748	5,301,524
Accrued expenses	463,164	793,243
Due to shareholders and affiliates	2,323,291	2,351,957
Total Current Liabilities	8,146,305	8,536,131
Long-Term Liabilities	'	'
Keltic facility	6,733,352	6,501,321
Bourbon term loan (including $584,845 and $600,000 of related-party participation at September 30 and March 31, 2013, respectively)	2,432,950	2,496,000
Notes payable - Junior loan (including $300,000 of related party participation at Septmeber 30, 2013)	1,250,000	0
Notes payable - GCP Note	216,869	211,580
Warrant liability	4,761,789	795,374
Deferred tax liability	1,592,380	1,666,456
Total Liabilities	25,133,645	20,206,862
Commitments and Contingencies (Note 13)	'	'
Equity	'	'
Preferred stock, $.01 par value, 25,000,000 shares authorized, 6,271 and 6,701 shares of series A convertible preferred stock issued and outstanding at September 30 and March 31, 2013, respectively (liquidation value of $7,824,616 and $7,876,530 at September 30 and March 31, 2013, respectively)	62,715	67,013
Common stock, $.01 par value, 225,000,000 shares authorized, 111,256,711 and 108,773,034 shares issued and outstanding at September 30 and March 31, 2013, respectively	1,112,567	1,087,730
Additional paid-in capital	143,495,585	142,661,542
Accumulated deficit	-136,370,809	-130,270,623
Accumulated other comprehensive loss	-1,771,911	-1,918,094
Total controlling shareholders’ equity	6,528,147	11,627,568
Noncontrolling interests	1,813,081	1,282,665
Total equity	8,341,228	12,910,233
Total Liabilities and Equity	$33,474,873	$33,117,095

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets [Parenthetical] (USD $)	Sep. 30, 2013	Mar. 31, 2013
Allowance for doubtful accounts receivable (in dollars)	$91,303	$70,692
Allowance for obsolete and slow moving inventory (in dollars)	208,996	461,660
Accumulated amortization of Intangible assets (in dollars)	5,731,420	5,404,000
Term Loan Related Party Participation (in dollars)	584,845	600,000
Notes Payable, Related Parties, Noncurrent	300,000	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	25,000,000	25,000,000
Series A convertible Preferred stock, shares issued	6,271	6,701
Series A convertible Preferred stock, shares outstanding	6,271	6,701
Liquidation value of Preferred stock (in dollars)	$7,824,616	$7,876,530
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	225,000,000	225,000,000
Common Stock, Shares, Issued	111,256,711	108,773,034
Common stock, shares outstanding	111,256,711	108,773,034

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended				6 Months Ended
	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012
Sales, net*	$11,659,707	[1]	$10,317,737	[1]	$22,078,324	[1]	$20,037,164	[1]
Cost of sales*	7,475,352	[1]	6,594,889	[1]	13,975,505	[1]	12,881,664	[1]
Provision for obsolete inventory	0		100,000		0		100,000
Gross profit	4,184,355		3,622,848		8,102,819		7,055,500
Selling expense	2,933,150		2,770,866		5,828,533		5,393,858
General and administrative expense	1,244,459		1,159,606		2,510,064		2,488,206
Depreciation and amortization	214,638		229,857		427,762		460,939
Loss from operations	-207,892		-537,481		-663,540		-1,287,503
Other expense	-174		-16		-174		-16
Loss from equity investment in non-consolidated affiliate	-17,956		-11,075		-24,077		-10,727
Foreign exchange loss	-171,863		-218,113		-111,523		-22,172
Interest expense, net	-268,480		-136,816		-497,299		-247,837
Net change in fair value of warrant liability	-3,519,164		162,607		-3,966,415		71,279
Income tax benefit	37,038		37,038		74,076		74,076
Net loss	-4,148,491		-703,856		-5,188,952		-1,422,900
Net income attributable to noncontrolling interests	-278,044		-197,440		-530,416		-307,897
Net loss attributable to controlling interests	-4,426,535		-901,296		-5,719,368		-1,730,797
Dividend to preferred shareholders	-187,978		-184,199		-377,910		-364,150
Net loss attributable to common shareholders	($4,614,513)		($1,085,495)		($6,097,278)		($2,094,947)
Net loss per common share, basic and diluted, attributable to common shareholders (in dollars per share)	($0.04)		($0.01)		($0.06)		($0.02)
Weighted average shares used in computation, basic and diluted, attributable to common shareholders (in shares)	110,459,802		108,491,137		109,944,744		108,441,966
[1]	Sales, net and Cost of sales include excise taxes of $1,588,959 and $1,532,880 for the three months ended September 30, 2013 and 2012, respectively, and $3,013,179 and $2,914,421 for the six months ended September 30, 2013 and 2012, respectively.

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Operations [Parenthetical] (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Excise taxes	$1,588,959	$1,532,880	$3,013,179	$2,914,421

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Comprehensive Loss (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net loss	($4,148,491)	($703,856)	($5,188,952)	($1,422,900)
Other comprehensive income (loss):	'	'	'	'
Foreign currency translation adjustment	105,983	57,575	146,183	-106,467
Total other comprehensive income (loss):	105,983	57,575	146,183	-106,467
Comprehensive loss	($4,042,508)	($646,281)	($5,042,769)	($1,529,367)

Condensed_Consolidated_Stateme3

Condensed Consolidated Statement of Changes in Equity (USD $)	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]
BALANCE at Mar. 31, 2013	$12,910,233	$67,013	$1,087,730	$142,661,542	($130,270,623)	($1,918,094)	$1,282,665
BALANCE (in shares) at Mar. 31, 2013	'	6,701	108,773,034	'	'	'	'
Net loss	-5,188,952	'	'	'	-5,719,368	'	530,416
Foreign currency translation adjustment	146,183	'	'	'	'	146,183	'
Conversion of series A preferred stock and accrued dividends	0	-4,298	17,048	-9,842	-2,908	'	'
Conversion of series A preferred stock and accrued dividends (in shares)	'	-430	1,704,729	'	'	'	'
Exercise of common stock warrants	296,015	'	7,789	288,226	'	'	'
Exercise of common stock warrants (in shares)	'	'	778,948	'	'	'	'
Accrued dividends - series A convertible preferred stock	0	'	'	377,910	-377,910	'	'
Stock-based compensation	177,749	'	'	177,749	'	'	'
BALANCE at Sep. 30, 2013	$8,341,228	$62,715	$1,112,567	$143,495,585	($136,370,809)	($1,771,911)	$1,813,081
BALANCE (in shares) at Sep. 30, 2013	'	6,271	111,256,711	'	'	'	'

Condensed_Consolidated_Stateme4

Condensed Consolidated Statements of Cash Flows (USD $)	6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss	($5,188,952)	($1,422,900)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation and amortization	427,762	460,939
Provision for doubtful accounts	25,812	12,000
Amortization of deferred financing costs	67,276	42,412
Change in fair value of warrant liability	3,966,415	-71,279
Deferred tax benefit	-74,076	-74,076
Loss from equity investment in non-consolidated affiliate	24,077	10,727
Foreign exchange loss	111,523	22,172
Stock-based compensation expense	177,749	138,928
Provision for obsolete inventories	0	100,000
Changes in operations, assets and liabilities:	'	'
Accounts receivable	-666,064	-518,956
Due from affiliates	-199,078	-146,163
Inventory	75,491	-904,801
Prepaid expenses and supplies	-209,818	-99,027
Other assets	-80,078	-51,788
Accounts payable and accrued expenses	-500,955	-349,222
Accrued interest	1,090	1,089
Due to related parties	-29,014	959,860
Total adjustments	3,118,112	-467,185
NET CASH USED IN OPERATING ACTIVITIES	-2,070,840	-1,890,085
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Purchase of equipment	-86,610	-43,098
Acquisition of intangible assets	-26,981	-39,375
Change in restricted cash	61,999	1,500
Payments under contingent consideration agreements	-5,940	-71,280
NET CASH USED IN INVESTING ACTIVITIES	-57,532	-152,253
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Keltic facility	232,031	1,879,458
Bourbon term loan	-63,050	0
Junior loan	1,250,000	0
Foreign revolving credit facility	122,344	150,143
Proceeds from exercise of series A preferred warrants	296,015	0
NET CASH PROVIDED BY FINANCING ACTIVITIES	1,837,340	2,029,601
EFFECTS OF EXCHANGE RATE CHANGES ON CASH	3,232	-1,792
NET DECREASE IN CASH AND CASH EQUIVALENTS	-287,800	-14,529
CASH AND CASH EQUIVALENTS - BEGINNING	439,323	484,362
CASH AND CASH EQUIVALENTS - ENDING	151,523	469,833
SUPPLEMENTAL DISCLOSURES:	'	'
Conversion of series A preferred stock to common stock	429,868	130,132
Interest paid	$384,145	$202,916

ORGANIZATION_AND_SUMMARY_OF_SI

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	'
	NOTE 1 —  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements do not include all of the information and footnote disclosures normally included in financial statements prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and U.S. generally accepted accounting principles (“GAAP”) and, in the opinion of management, contain all adjustments (which consist of only normal recurring adjustments) necessary for a fair presentation of such financial information. Results of operations for interim periods are not necessarily indicative of those to be achieved for full fiscal years. The condensed consolidated balance sheet as of March 31, 2013 is derived from the March 31, 2013 audited financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with Castle Brands Inc.’s (the “Company”) audited consolidated financial statements for the fiscal year ended March 31, 2013 included in the Company’s annual report on Form 10-K for the year ended March 31, 2013, as amended (“2013 Form 10-K”). Please refer to the notes to the audited consolidated financial statements included in the 2013 Form 10-K for additional disclosures and a description of accounting policies.
		A.	Description of business — The consolidated financial statements include the accounts of the Company, its wholly-owned domestic subsidiaries, Castle Brands (USA) Corp. (“CB-USA”) and McLain & Kyne, Ltd. (“McLain & Kyne”), the Company’s wholly-owned foreign subsidiaries, Castle Brands Spirits Group Limited (“CB-IRL”) and Castle Brands Spirits Marketing and Sales Company Limited, and the Company’s 60% ownership interest in Gosling-Castle Partners, Inc. (“GCP”), with adjustments for income or loss allocated based upon percentage of ownership. The accounts of the subsidiaries have been included as of the date of acquisition. All significant intercompany transactions and balances have been eliminated.
		B.	Organization and operations — The Company is principally engaged in the importation, marketing and sale of premium and super premium brands of rums, whiskey, liqueurs, vodka and tequila in the United States, Canada, Europe and Asia.
		C.	Equity investments - Equity investments are carried at original cost adjusted for the Company’s proportionate share of the investees’ income, losses and distributions. The Company assesses the carrying value of its equity investments when an indicator of a loss in value is present and records a loss in value of the investment when the assessment indicates that an other-than-temporary decline in the investment exists. The Company classifies its equity earnings of non-consolidated affiliate equity investment as a component of net income or loss.
		D.	Goodwill and other intangible assets — Goodwill represents the excess of purchase price including related costs over the value assigned to the net tangible and identifiable intangible assets of businesses acquired. Goodwill and other identifiable intangible assets with indefinite lives are not amortized, but instead are tested for impairment annually, or more frequently if circumstances indicate a possible impairment may exist. Intangible assets with estimable useful lives are amortized over their respective estimated useful lives, generally on a straight-line basis, and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable.
		E.	Impairment of long-lived assets — Under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 310, “Accounting for the Impairment or Disposal of Long-lived Assets”, the Company periodically reviews whether changes have occurred that would require revisions to the carrying amounts of its definite lived, long-lived assets. When the sum of the expected future cash flows is less than the carrying amount of the asset, an impairment loss is recognized based on the fair value of the asset.
		F.	Excise taxes and duty — Excise taxes and duty are computed at standard rates based on alcohol proof per gallon/liter and are paid after finished goods are imported into the United States and then transferred out of “bond.” Excise taxes and duty are recorded to inventory as a component of the cost of the underlying finished goods. When the underlying products are sold “ex warehouse”, the sales price reflects the taxes paid and the inventoried excise taxes and duties are charged to cost of sales.
		G.	Foreign currency — The functional currency for the Company’s foreign operations is the Euro in Ireland and the British Pound in the United Kingdom. Under ASC 830, “Foreign Currency Matters”, the translation from the applicable foreign currencies to U.S. Dollars is performed for balance sheet accounts using exchange rates in effect at the balance sheet date and for revenue and expense accounts using a weighted average exchange rate during the period. The resulting translation adjustments are recorded as a component of other comprehensive income. Gains or losses resulting from foreign currency transactions are shown as a separate line item in the consolidated statements of operations.
		H.	Fair value of financial instruments — ASC 825, “Financial Instruments”, defines the fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties and requires disclosure of the fair value of certain financial instruments. The Company believes that there is no material difference between the fair-value and the reported amounts of financial instruments in the Company’s balance sheets due to the short term maturity of these instruments, or with respect to the Company’s debt, as compared to the current borrowing rates available to the Company.
			The Company’s investments are reported at fair value in accordance with authoritative guidance, which accomplishes the following key objectives:
		·	Defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date;
		·	Establishes a three-level hierarchy (“valuation hierarchy”) for fair value measurements;
		·	Requires consideration of the Company’s creditworthiness when valuing liabilities; and
		·	Expands disclosures about instruments measured at fair value.
			The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels of the valuation hierarchy are as follows:
		·	Level 1 — inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
		·	Level 2 — inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are directly or indirectly observable for the asset or liability for substantially the full term of the financial instrument.
		·	Level 3 — inputs to the valuation methodology are unobservable and significant to the fair value measurement.
		I.	Income taxes — Under ASC 740, “Income Taxes”, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. A valuation allowance is provided to the extent a deferred tax asset is not considered recoverable.
			The Company has not recognized any adjustments for uncertain tax positions. The Company recognizes interest and penalties related to uncertain tax positions in general and administrative expense; however, no such provisions for accrued interest and penalties related to uncertain tax positions have been recorded by the Company.
			The Company’s income tax benefit for the three and six months ended September 30, 2013 and 2012 consists of federal, state and local taxes attributable to GCP, which does not file a consolidated income tax return with the Company. In connection with the investment in GCP, the Company recorded a deferred tax liability on the ascribed value of the acquired intangible assets of $2,222,222, increasing the value of the asset. The difference between the book basis and tax basis created a deferred tax liability that is being amortized over a period of 15 years (the life of the licensing agreement) on a straight-line basis. For each of the three-month and six-month periods ended September 30, 2013 and 2012, the Company recognized $37,038 and $74,076 of deferred tax benefits, respectively.
		J.	Accounting standards adopted — In July 2012, the FASB issued Accounting Standards Update (“ASU”) 2012-02, “Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment.” The amended guidance simplifies how entities test indefinite-lived intangible assets other than goodwill for impairment.   After an assessment of certain qualitative factors, if it is determined to be more likely than not that an indefinite-lived asset is impaired, entities must perform the quantitative impairment test.   Otherwise, the quantitative test is optional.   This new guidance was effective for the Company as of April 1, 2013. The adoption of this standard did not have a material impact on the Company’s results of operations, cash flows or financial condition.
			In October 2012, the FASB issued ASU 2012-04, “Technical Corrections and Improvements.” The amendments in this update cover a wide range of topics in the ASC. These amendments include technical corrections and improvements to the ASC and conforming amendments related to fair value measurements. This new guidance was effective for the Company as of April 1, 2013. The adoption of this standard did not have a material impact on the Company’s results of operations, cash flows or financial condition.
			In February 2013, the FASB issued amendments to the accounting guidance for presentation of comprehensive income to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments do not change the current requirements for reporting net income or other comprehensive income, but do require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where the net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under GAAP that provide additional detail about these amounts. This new guidance was effective for the Company as of April 1, 2013. The adoption of this standard did not have a material impact on the Company’s results of operations, cash flows or financial condition.
		K.	Recent accounting pronouncements — The Company has considered all recent accounting pronouncements, and no pronouncements were determined to have a significant impact on the financial statements that have not been disclosed in prior reporting periods.

BASIC_AND_DILUTED_NET_LOSS_PER

BASIC AND DILUTED NET LOSS PER COMMON SHARE	6 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	NOTE 2 —  BASIC AND DILUTED NET LOSS PER COMMON SHARE
	Basic net loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted net loss per common share is computed giving effect to all potentially dilutive common shares that were outstanding during the period that are not anti-dilutive. Potentially dilutive common shares consist of incremental shares issuable upon exercise of stock options and warrants or conversion of convertible preferred stock outstanding and related accrued dividends. In computing diluted net loss per share for the three and six months ended September 30, 2013 and 2012, no adjustment has been made to the weighted average outstanding common shares as the assumed exercise of outstanding options and warrants and the assumed conversion of convertible preferred stock and related accrued dividends is anti-dilutive.
	Potential common shares not included in calculating diluted net loss per share are as follows:
		Six months ended
		September 30,
		2013		2012
	Stock options		11,134,765		7,960,765
	Warrants to purchase common stock		11,095,139		11,874,087
	Convertible preferred stock and accrued dividends		25,352,339		24,842,577
	Total		47,582,243		44,677,429

INVENTORIES

INVENTORIES	6 Months Ended
	Sep. 30, 2013
Inventory Disclosure [Abstract]	'
Inventory Disclosure [Text Block]	'
	NOTE 3 —  INVENTORIES
		September 30,		March 31,
		2013		2013
	Raw materials	$	5,004,418	$	5,191,147
	Finished goods – net		8,664,386		8,540,815
	Total	$	13,668,804	$	13,731,962
	As of September 30 and March 31, 2013, 22% and 19%, respectively, of raw materials and 6% and 4%, respectively, of finished goods were located outside of the United States.
	The Company estimates the allowance for obsolete and slow moving inventory based on analyses and assumptions including, but not limited to, historical usage, expected future demand and market requirements.
	Inventories are stated at the lower of weighted average cost or market.

EQUITY_INVESTMENT

EQUITY INVESTMENT	6 Months Ended
	Sep. 30, 2013
Equity Method Investments and Joint Ventures [Abstract]	'
Cost and Equity Method Investments Disclosure [Text Block]	'
	NOTE 4 —  EQUITY INVESTMENT
	Investment in DP Castle Partners, LLC
	In August 2010, CB-USA formed DP Castle Partners, LLC (“DPCP”) with Drink Pie, LLC to manage the manufacturing and marketing of Travis Hasse’s Original Apple Pie Liqueur, Cherry Pie Liqueur and any future line extensions of the brand. DPCP has the exclusive global rights to produce and market Travis Hasse’s Original Pie Liqueurs and CB-USA has the global distribution rights for this brand. DPCP pays a per case royalty fee to Drink Pie, LLC under a licensing agreement. CB-USA purchases the finished product from DPCP at a pre-determined margin and then uses its existing infrastructure, sales force and distributor network to sell the product and promote the brands. Finished goods are sold to CB-USA FOB – Production and CB-USA bears the risk of loss on both inventory and third-party receivables. Revenues and cost of sales are recorded at their respective gross amounts on the books and records of CB-USA. For the three months ended September 30, 2013 and 2012, CB-USA purchased $0 and $164,619, respectively, in finished goods from DPCP under the distribution agreement. For the six months ended September 30, 2013 and 2012, CB-USA purchased $170,880 and $324,050, respectively, in finished goods from DPCP under the distribution agreement. As of September 30 and March 31, 2013, DPCP was indebted to CB-USA in the amount of $392,405 and $268,598, respectively, which are included in due to shareholders and affiliates on the accompanying condensed consolidated balance sheet. At September 30, 2013, CB-USA owned 20% of DPCP and, under the terms of the agreement, will increase its stake in DPCP based on achieving case sale targets. CB-USA also earns a defined rate of interest on its capital contribution to DPCP, based on its ownership in DPCP. For each of the three months and each of six months ended September 30, 2013 and 2012, CB-USA earned $2,100 and $4,200, respectively, in interest income on its capital contribution to DPCP. The Company has accounted for this investment under the equity method of accounting. This investment balance was $96,823 and $116,700 at September 30 and March 31, 2013, respectively.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Sep. 30, 2013
Business Combinations [Abstract]	'
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	'
	NOTE 5 —  ACQUISITIONS
	Acquisition of McLain & Kyne
	On October 12, 2006, the Company acquired all of the outstanding capital stock of McLain & Kyne. The Company was required to pay contingent consideration based on the case sales of Jefferson’s Presidential Select bourbon for a specified amount of cases. As of June 30, 2013, the Company had reached the specified case sale threshold for contingent consideration under the agreement. Accordingly, no further contingent consideration will be due. For the six months ended September 30, 2013 and 2012, the sellers earned $5,940 and $71,280, respectively, under this agreement. The earn-out payments have been recorded as an increase to goodwill.

GOODWILL_AND_INTANGIBLE_ASSETS

GOODWILL AND INTANGIBLE ASSETS	6 Months Ended
	Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill and Intangible Assets Disclosure [Text Block]	'
	NOTE 6 —  GOODWILL AND INTANGIBLE ASSETS
	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
	Intangible assets consist of the following:
		September 30,			March 31,
		2013			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 consists of the following:
			September 30,			March 31,
			2013			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

RESTRICTED_CASH

RESTRICTED CASH	6 Months Ended
	Sep. 30, 2013
Restricted Cash Disclosure [Abstract]	'
Restricted Cash Disclosure [Text Block]	'
	NOTE 7 —  RESTRICTED CASH
	At September 30 and March 31, 2013, the Company had €302,476 or $408,946 (translated at the September 30, 2013 exchange rate) and €352,255 or $451,346 (translated at the March 31, 2013 exchange rate), respectively, of cash restricted from withdrawal and held by a bank in Ireland as collateral for overdraft coverage, creditors’ insurance, customs and excise guaranty and a revolving credit facility as described in Note 8A below.

NOTES_PAYABLE

NOTES PAYABLE	6 Months Ended
	Sep. 30, 2013
Long-Term Debt, Unclassified [Abstract]	'
Long-term Debt [Text Block]	'
	NOTE 8 —  NOTES PAYABLE
			September 30,		March 31,
			2013		2013
	Notes payable consist of the following:
	Foreign revolving credit facilities (A)		$	220,102	$	89,407
	Note payable – GCP note(B)			216,869		211,580
	Keltic facility (C)			6,733,352		6,501,321
	Bourbon term loan (D)			2,432,950		2,496,000
	Junior loan (E)			1,250,000		—
	Total		$	10,853,273	$	9,298,308
		A.	The Company has arranged various facilities aggregating €302,476 or $408,946 (translated at the September 30, 2013 exchange rate) with an Irish bank, including overdraft coverage, creditors’ insurance, customs and excise guaranty, and a revolving credit facility. These facilities are payable on demand, continue until terminated by either party, are subject to annual review, and call for interest at the lender’s AA1 Rate minus 1.70%. The balance on the credit facilities included in notes payable totaled €162,798, or $220,102 (translated at the September 30, 2013 exchange rate), and €69,761, or $89,407, (translated at the March 31, 2013 exchange rate), at September 30 and March 31, 2013, respectively.
		B.	In December 2009, GCP issued a promissory note (the “GCP Note”) in the aggregate principal amount of $211,580 to Gosling's Export (Bermuda) Limited in exchange for credits issued on certain inventory purchases. The GCP Note matures on April 1, 2020, is payable at maturity, subject to certain acceleration events, and calls for annual interest of 5%, to be accrued and paid at maturity. At March 31, 2013, $10,579 of accrued interest was converted to amounts due to affiliates. At September 30, 2013, $216,869 , consisting of $211,580 of principal and $5,289 of accrued interest, due on the GCP Note is included in long-term liabilities. At March 31, 2013, $211,580 of principal due on the GCP Note is included in long-term liabilities.
		C.	In August 2011, the Company and CB-USA entered into the Keltic Facility (“Keltic Facility”), a revolving loan agreement with Keltic Financial Partners II, LP ("Keltic"), providing for availability (subject to certain terms and conditions) of a facility of up to $5,000,000 for the purpose of providing the Company and CB-USA with working capital. In July 2012, the Keltic Facility was amended to increase availability to $7,000,000, among other changes. In March 2013, the Keltic Facility was amended to increase availability to $8,000,000, among other changes. In August 2013, the Keltic Facility was amended in order to modify the borrowing base calculation and covenants with respect to the Keltic Facility and permit the Company to make regularly scheduled payments of principal and interest and voluntary prepayments on the Junior Loan (as defined below), subject to certain conditions set forth in the Amendment. The Company and CB-USA are referred to individually and collectively as the Borrower. The Keltic Facility expires on December 31, 2016. The Borrower may borrow up to the maximum amount of the Keltic Facility, provided that the Borrower has a sufficient borrowing base (as defined under the loan agreement). The Keltic Facility interest rate is the rate that, when annualized, is the greatest of (a) the Prime Rate plus 3.25%, (b) the LIBOR Rate plus 5.75%, and (c) 6.50%. For the three months ended September 30, 2013, the Company paid interest at 6.5%. Interest is payable monthly in arrears, on the first day of every month on the average daily unpaid principal amount of the Keltic Facility. After the occurrence and during the continuance of any "Default" or "Event of Default" (as defined under the loan agreement), the Borrower is required to pay interest at a rate that is 3.25% per annum above the then applicable Keltic Facility interest rate. There have been no Events of Default under the Keltic Facility. The Company paid a $40,000 commitment fee in connection with the first amendment, a $70,000 closing and commitment fee in connection with the second amendment  and a $25,000 closing and commitment fee in connection with the third amendment. Keltic also receives an annual facility fee in an amount equal to 1% per annum of the maximum revolving facility amount and a collateral management fee of $1,000 per month (increased to $2,000 after the occurrence of and during the continuance of an Event of Default). The loan agreement contains standard borrower representations and warranties for asset-based borrowing and a number of reporting obligations and affirmative and negative covenants. The loan agreement includes negative covenants that, among other things, restrict the Borrower’s ability to create additional indebtedness, dispose of properties, incur liens, and make distributions or cash dividends. At September 30, 2013, the Company was in compliance, in all material respects, with the covenants under the Keltic Facility. At September 30 and March 31, 2013, $6,733,352 and $6,501,321, respectively, due on the Keltic Facility is included in long-term liabilities. See Note 16 for additional information regarding an amendment to the Keltic Facility that was entered into after September 30, 2013.
		D.	In March 2013, the Company and CB-USA entered into an inventory term loan of $2,496,000 (the "Bourbon Term Loan") that was used for the purchase of bourbon inventory on March 11, 2013. Unless sooner terminated in accordance with its terms, the Bourbon Term Loan matures on December 31, 2016. The Bourbon Term Loan interest rate is the rate that, when annualized, is the greatest of (a) the Prime Rate plus 4.25%, (b) the LIBOR Rate plus 6.75% and (c) 7.50%. For the three months ended September 30, 2013, the Company paid interest of 7.5%. Interest is payable monthly in arrears, on the first day of every month on the average daily unpaid principal amount of the Bourbon Term Loan. After the occurrence and during the continuance of any "Default" or "Event of Default" (as defined under the loan agreement), the Borrower is required to pay interest at a rate that is 3.25% per annum above the then applicable Bourbon Term Loan interest rate. The Borrower is required to pay down the principal balance of the Bourbon Term Loan within 15 banking days from the completion of a bottling run of bourbon from the bourbon inventory stock purchased on or about the date of the Bourbon Term Loan in an amount equal to the purchase price of such bourbon. The unpaid principal balance of the Bourbon Term Loan, all accrued and unpaid interest thereon, all fees, costs and expenses payable in connection with the Bourbon Term Loan are due and payable in full on December 31, 2016.
			Keltic required as a condition to funding the Bourbon Term Loan that Keltic had entered into a participation agreement (the "Participation Agreement") providing for an initial aggregate of $750,000 of the Bourbon Term Loan to be purchased by junior participants. Certain related parties of the Company purchased a portion of these junior participations in the Bourbon Term Loan, including Frost Gamma Investments Trust ($500,000), an entity affiliated with Phillip Frost, M.D., a director and principal shareholder of the Company, Mark E. Andrews, III ($50,000), a director of the Company and the Company’s Chairman, and an affiliate of Richard J. Lampen ($50,000), a director of the Company and the Company’s President and Chief Executive Officer (amounts shown are initial purchase amounts). Under the terms of the Participation Agreement, the junior participants receive interest at the rate of 11% per annum. Neither the Company nor CB-USA is a party to the Participation Agreement. However, the Borrower is party to a fee letter (the "Fee Letter") with the junior participants (including the related party junior participants) pursuant to which the Borrower is obligated to pay the junior participants an aggregate commitment fee of $45,000 in three equal annual installments of $15,000. In August 2013, the Bourbon Term Loan was amended to provide the Company with the ability to increase the maximum aggregate principal amount of the Bourbon Term Loan from $2,500,000 to up to $4,000,000 to finance the purchase of aged whiskies following the identification of junior participants to purchase a portion of the increased Bourbon Term Loan amount. The balance on the Bourbon Term Note included in notes payable totaled $2,432,950 and $2,496,000 at September 30 and March 31, 2013, respectively.
		E.	In August 2013, the Company entered into a Loan Agreement (the "Junior Loan Agreement"), by and between the Company and the lending parties thereto (the "Junior Lenders"), which provides for an aggregate $1,250,000 unsecured loan (the "Junior Loan") to the Company. The Junior Loan bears interest at a rate of 11% per annum, payable quarterly in arrears commencing November 1, 2013, and matures on October 15, 2015. The Junior Loan may be prepaid in whole or in part at any time without penalty or premium but with payment of accrued interest to the date of prepayment. The Junior Loan Agreement contains customary events of default, which, if uncured, entitle each Junior Lender to accelerate the due date of the unpaid principal amount of, and all accrued and unpaid interest on, the portion of the Junior Loan made by such Junior Lender. The Junior Loan Agreement provides for a funding fee of 2% per annum on the then outstanding Junior Loan balance (pro-rated for any period of less than one year), payable pro rata among the Junior Lenders on the date of the Junior Loan Agreement and on the first and second anniversaries thereof. The Junior Lenders include Frost Gamma Investments Trust ($200,000), Mark E. Andrews, III ($50,000) and an affiliate of Richard J. Lampen ($50,000). In connection with the Junior Loan Agreement, the Junior Lenders entered into a subordination agreement with Keltic; the Company is a party to the subordination agreement.

EQUITY

EQUITY	6 Months Ended
	Sep. 30, 2013
Stockholders Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	NOTE 9 —  EQUITY
	Preferred stock dividends – Holders of the Company’s 10% Series A Convertible Preferred Stock, par value $0.01 per share (“Series A Preferred Stock”), are entitled to receive cumulative dividends at the rate per share (as a percentage of the stated value of $1,000 per share) of 10% per annum, whether or not declared by the Company’s Board of Directors, which are only payable in shares of the Company’s common stock upon conversion of the Series A Preferred Stock or upon a liquidation. For the three months ended September 30, 2013 and 2012, the Company recorded accrued dividends of $187,978 and $184,199, respectively, and for the six months ended September 30, 2013 and 2012 the Company recorded accrued dividends of $377,910 and $364,150, respectively, included as an increase in the accumulated deficit and in additional paid-in capital on the accompanying condensed consolidated balance sheets.
	Preferred stock conversions – In the six months ended September 30, 2013, holders of Series A Preferred Stock converted 430 shares of Series A Preferred Stock, and accrued dividends thereon, into 1,704,729 shares of common stock.
	In the six months ended September 30, 2012, holders of Series A Preferred Stock converted 130.132 shares of Series A Preferred Stock, and accrued dividends thereon, into 470,234 shares of common stock.

WARRANTS

WARRANTS	6 Months Ended
	Sep. 30, 2013
Warrants [Abstract]	'
Warrants Text Block [Text Block]	'
	NOTE 10 —  WARRANTS
	The warrants issued in connection with the June 2011 private placement of the Company’s Series A Preferred Stock (the “2011 Warrants”) have an exercise price of $0.38 per share, subject to adjustment, and are exercisable for a period of five years. The exercise price of the 2011 Warrants is equal to 125% of the conversion price of the Series A Preferred Stock.
	Due to the down-round financing provisions included in the terms of the warrant, the Company accounted for the 2011 Warrants issued in June 2011 in the consolidated financial statements as a liability at their initial fair value of $487,022 and accounted for the 2011 Warrants issued in October 2011 as a liability at their initial fair value of $780,972. Changes in the fair value of the 2011 Warrants are recognized in earnings for each subsequent reporting period. At September 30 and March 31, 2013, the fair value of the 2011 Warrants was included in the balance sheet under the caption Warrant liability of $4,761,789 and $795,374, respectively. For the three months ended September 30, 2013 the Company recorded a loss on the change in the value of the 2011 Warrants of $3,352,252; for the three months ended September 30, 2012, the Company recorded a gain on the change in the value of the 2011 Warrants of $162,607. For the six months ended September 30, 2013 the Company recorded a loss on the change in the value of the 2011 Warrants of $3,799,503; for the six months ended September 30, 2012, the Company recorded a gain on the change in the value of the 2011 Warrants of $71,279.
	The fair value of the warrants is a Level 3 fair value under the valuation hierarchy and was estimated using the Black-Scholes option pricing model utilizing the following assumptions:
		September 30,			March 31,
		2013			2013
	Stock price	$	0.76		$	0.31
	Risk-free interest rate		0.63	%		0.36	%
	Expected option life in years		2.75			3.25
	Expected stock price volatility		51	%		40	%
	Expected dividend yield		0	%		0	%
	2011 Warrants exercised – In the six months ended September 30, 2013, holders of 2011 Warrants exercised 778,948 2011 Warrants and received shares of common stock. The Company received $296,015 in cash upon the exercise of these warrants.

FOREIGN_CURRENCY_FORWARD_CONTR

FOREIGN CURRENCY FORWARD CONTRACTS	6 Months Ended
	Sep. 30, 2013
Foreign Currency [Abstract]	'
Foreign Currency Disclosure [Text Block]	'
	NOTE 11 —  FOREIGN CURRENCY FORWARD CONTRACTS
	The Company enters into forward contracts from time to time to reduce its exposure to foreign currency fluctuations. The Company recognizes in the balance sheet derivative contracts at fair value, and reflects any net gains and losses currently in earnings. At September 30 and March 31, 2013, the Company had no forward contracts outstanding. Gain or loss on foreign currency forward contracts, which was de minimis during the periods presented, is included in other income and expense.

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Sep. 30, 2013
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	NOTE 12 —  STOCK-BASED COMPENSATION
	In May 2013, the Company granted to a director, upon his initial election to the board, options to purchase an aggregate of 100,000 shares of the Company’s common stock at an exercise price of $0.32 per share under the Company’s 2003 Stock Incentive Plan. The options, which expire in May 2023, vest 25% on each of the first four anniversaries of the grant date. The Company has valued the options at $19,076 using the Black-Scholes option pricing model.
	In June 2013, the Company granted to certain employees options to purchase an aggregate of 425,000 shares of the Company’s common stock at an exercise price of $0.38 per share under the Company’s 2003 Stock Incentive Plan. The options, which expire in June 2023, vest 33.3% on each of the first three anniversaries of the grant date. The Company has valued the options at $93,500 using the Black-Scholes option pricing model.
	In June 2013, the Company granted to employees, directors and certain consultants options to purchase an aggregate of 1,495,000 shares of the Company’s common stock at an exercise price of $0.38 per share under the Company’s 2003 Stock Incentive Plan. The options, which expire in June 2023, vest 25% on each of the first four anniversaries of the grant date. The Company has valued the options at $343,850 using the Black-Scholes option pricing model.
	In July 2013, the Company granted to a director options to purchase an aggregate of 1,000,000 shares of the Company’s common stock at an exercise price of $0.35 per share under the Company’s 2003 Stock Incentive Plan. The options, which expire in July 2023, vest 33.3% on each of the first three anniversaries of the grant date. The Company has valued the options at $208,405 using the Black-Scholes option pricing model.
	Stock-based compensation expense for the three months ended September 30, 2013 and 2012 and for the six months ended September 30, 2013 and 2012 amounted to $105,215 and $79,748, respectively and $177,749 and $138,928, respectively. At September 30, 2013, total unrecognized compensation cost amounted to $968,786, representing 6,032,799 unvested options. This cost is expected to be recognized over a weighted-average vesting period of 2.59 years. There were no options exercised during the six months ended September 30, 2013 and 2012. The Company did not recognize any related tax benefit for the three months ended September 30, 2013 and 2012 from option exercises.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	NOTE 13 —  COMMITMENTS AND CONTINGENCIES
		A.	The Company has entered into a supply agreement with Irish Distillers Limited (“IDL”), which provides for the production of blended Irish whiskeys for the Company until the contract is terminated by either party in accordance with the terms of the agreement. IDL may terminate the contract if it provides at least six years prior notice to the Company, except for breach. Under this agreement, the Company provides IDL with a forecast of the estimated amount of liters of pure alcohol it requires for the next four fiscal contract years and agrees to purchase 90% of that amount, subject to certain annual adjustments. For the contract year ending June 30, 2014, the Company has contracted to purchase approximately €704,900 or $953,018 (translated at the September 30, 2013 exchange rate) in bulk Irish whiskey, of which €397,722, or $537,716, has been purchased as of September 30, 2013. The Company is not obligated to pay IDL for any product not yet received. During the term of this supply agreement, IDL has the right to limit additional purchases above the commitment amount.
		B.	The Company has also entered into a supply agreement with IDL, which provides for the production of single malt Irish whiskeys for the Company until the contract is terminated by either party in accordance with the terms of the agreement. IDL may terminate the contract if it provides at least thirteen years prior notice to the Company, except for breach. Under this agreement, the Company provides IDL with a forecast of the estimated amount of liters of pure alcohol it requires for the next twelve fiscal contract years and agrees to purchase 80% of that amount, subject to certain annual adjustments. For the contract year ending June 30, 2014, the Company has contracted to purchase approximately €245,103 or $331,377 (translated at the September 30, 2013 exchange rate) in bulk Irish whiskey, of which €50,227, or $67,906, has been purchased as of September 30, 2013. The Company is not obligated to pay IDL for any product not yet received. During the term of this supply agreement, IDL has the right to limit additional purchases above the commitment amount.
		C.	The Company leases office space in New York, NY, Dublin, Ireland and Houston, TX. The New York, NY lease began on May 1, 2010 and expires on April 30, 2014 and provides for monthly payments of $18,693. The Dublin lease commenced on March 1, 2009 and 1,250 or $1,690 (translated at the September 30, 2013 exchange rate). The Dublin lease has been extended through October 31, 2016 and provides for monthly payments of €1,100, or $1,487 (translated at the September 30, 2013 exchange rate). The Houston, TX lease commenced on February 24, 2000 and extends through January 31, 2015 and provides for monthly payments of $1,820. The Company has also entered into non-cancelable operating leases for certain office equipment.

CONCENTRATIONS

CONCENTRATIONS	6 Months Ended
	Sep. 30, 2013
Risks and Uncertainties [Abstract]	'
Concentration Risk Disclosure [Text Block]	'
	NOTE 14 —  CONCENTRATIONS
		A.	Credit Risk — The Company maintains its cash and cash equivalents balances at various large financial institutions that, at times, may exceed federally and internationally insured limits. The Company did not exceed the limits in effect at September 30, 2013 and exceeded the limits in effect by approximately $300,000 at March 31, 2013.
		B.	Customers — Sales to one customer accounted for approximately 29.1% and 31.0% of the Company’s revenues for the three months ended September 30, 2013 and 2012, respectively. Sales to one customer accounted for approximately 29.9% and 31.7% of the Company’s revenues for the six months ended September 30, 2013 and 2012, respectively, and approximately 40.2% of accounts receivable at September 30, 2013.

GEOGRAPHIC_INFORMATION

GEOGRAPHIC INFORMATION	6 Months Ended
	Sep. 30, 2013
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	NOTE 15 —  GEOGRAPHIC INFORMATION
	The Company operates in one reportable segment — the sale of premium beverage alcohol. The Company’s product categories are rum, liqueur, whiskey, vodka, tequila and wine. The Company reports its operations in two geographic areas: International and United States.
	The consolidated financial statements include revenues and assets generated in or held in the U.S. and foreign countries. The following table sets forth the amounts and percentage of consolidated revenue, consolidated results from operations, consolidated net loss attributable to common shareholders, consolidated income tax benefit and consolidated assets from the U.S. and foreign countries and consolidated revenue by category.
		Three Months ended September 30,
		2013				2012
	Consolidated Revenue:
	International	$	1,456,514	12.5	%	$	1,070,467	10.4	%
	United States		10,203,193	87.5	%		9,247,270	89.6	%
	Total Consolidated Revenue	$	11,659,707	100	%	$	10,317,737	100	%
	Consolidated Income (Loss) from Operations:
	International	$	2,262	-1.1	%	$	-77,634	14.4	%
	United States		-210,154	101.1	%		-459,847	85.6	%
	Total Consolidated Loss from Operations	$	-207,892	100	%	$	-537,481	100	%
	Consolidated Net Income (Loss) Attributable to Controlling
	Interests:
	International	$	11,128	-0.3	%	$	-94,975	10.5	%
	United States		-4,270,751	100.3	%		-806,320	89.5	%
	Total Consolidated Net Loss Attributable to Controlling	$	-4,259,623	100	%	$	-901,295	100	%
	Interests
	Income tax benefit:
	United States		37,038	100	%		37,038	100	%
	Consolidated Revenue by category:
	Rum	$	4,285,230	38.6	%	$	4,047,647	39.2	%
	Liqueur		2,609,505	22.4	%		2,437,008	23.7	%
	Whiskey		2,294,165	19.7	%		1,795,671	17.3	%
	Vodka		743,328	6.4	%		808,663	7.8	%
	Tequila		34,946	0.3	%		60,989	0.6	%
	Wine		178,878	1.5	%		122,066	1.2	%
	Other*		1,513,655	13	%		1,045,693	10.2	%
	Total Consolidated Revenue	$	11,659,707	100	%	$	10,317,737	100	%
		Six Months ended September 30,
		2013				2012
	Consolidated Revenue:
	International	$	2,867,861	13	%	$	2,624,015	13.1	%
	United States		19,210,463	87	%		17,413,149	86.9	%
	Total Consolidated Revenue	$	22,078,324	100	%	$	20,037,164	100	%
	Consolidated Income (Loss) from Operations:
	International	$	42,943	-6.5	%	$	-134,921	10.5	%
	United States		-706,483	106.5	%		-1,152,582	89.5	%
	Total Consolidated Loss from Operations	$	-663,540	100	%	$	-1,287,503	100	%
	Consolidated Net Income (Loss) Attributable to Controlling
	Interests:
	International	$	27,744	-0.5	%	$	-146,703	8.5	%
	United States		-5,580,200	100.5	%		-1,584,094	91.5	%
	Total Consolidated Net Loss Attributable to Controlling	$	-5,552,456	100	%	$	-1,730,797	100	%
	Interests
	Income tax benefit:
	United States		74,076	100	%		74,076	100	%
	Consolidated Revenue by category:
	Rum	$	8,499,001	38.5	%	$	8,174,117	40.9	%
	Liqueur		4,480,311	20.3	%		4,093,813	20.4	%
	Whiskey		4,589,392	20.8	%		3,615,752	18	%
	Vodka		1,332,978	6	%		1,811,390	9	%
	Tequila		94,848	0.4	%		160,751	0.8	%
	Wine		293,488	1.3	%		280,672	1.4	%
	Other*		2,788,307	12.7	%		1,900,669	9.5	%
	Total Consolidated Revenue	$	22,078,324	100	%	$	20,037,164	100	%
		As of September 30, 2013				As of March 31, 2013
	Consolidated Assets:
	International	$	2,362,589	7.1	%		1,941,537	5.9	%
	United States		31,112,284	92.9	%		31,175,558	94.1	%
	Total Consolidated Assets	$	33,474,873	100	%		33,117,095	100	%
	*Includes related non-beverage alcohol products.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	NOTE 16 — SUBSEQUENT EVENTS
	In October 2013, the Company entered into a 5% Convertible Subordinated Note Purchase Agreement (the "Note Purchase Agreement"), by and among the Company and the lending parties (the "Purchasers"), which provides for the issuance of an aggregate initial principal amount of $2,125,000 unsecured subordinated notes (the "Convertible Notes") by the Company. The Company intends to use a portion of the proceeds to finance the acquisition of additional bourbon inventory in support of the growth of its Jefferson's bourbon brand.
	The Convertible Notes bear interest at a rate of 5% per annum, payable quarterly on March 15, June 15, September 15 and December 15 of each year beginning on December 15, 2013 until their maturity date of December 15, 2018. The Convertible Notes and accrued but unpaid interest thereon are convertible in whole or in part from time to time at the option of the holders thereof into shares of the Company’s common stock at a conversion price of $0.90 per share (the "Conversion Price"). The Convertible Notes may be prepaid in whole or in part at any time without penalty or premium, but with payment of accrued interest to the date of prepayment. The Convertible Notes contain customary events of default, which, if uncured, entitle each note holder to accelerate the due date of the unpaid principal amount of, and all accrued and unpaid interest on, the Convertible Notes. The issuance of the Convertible Notes closed on October 31, 2013.
	The Purchasers include certain related parties of the Company, including an affiliate of Dr. Phillip Frost ($500,000), Mark E. Andrews, III ($50,000), an affiliate of Richard J. Lampen ($50,000), an affiliate of Glenn Halpryn ($200,000), a director of the Company, Dennis Scholl ($100,000), a director of the Company, and Vector Group Ltd. ($200,000), a more than 5% shareholder of the Company, of which Richard Lampen is an executive officer and Henry Beinstein, a director of the Company, is a director.
	The Company may forcibly convert all or any part of the Convertible Notes and all accrued but unpaid interest thereon if (i) the average daily volume of the common stock (as reported on the principal market or exchange on which the common stock is listed or quoted for trading) exceeds $50,000 per trading day and (ii) the volume weighted average price of the common stock for at least twenty (20) trading days during any thirty (30) consecutive trading day period exceeds 250% of the then-current Conversion Price. Any forced conversion will be applied ratably to the holders of all Convertible Notes issued pursuant to the Note Purchase Agreement based on each holder’s then-current note holdings.
	In connection with the Note Purchase Agreement, each Purchaser was required to execute a joinder to that certain Subordination Agreement, dated as of August 7, 2013 (as amended, the "Subordination Agreement"), by and among Keltic and certain other junior lenders to the Company; the Company is not a party to the Subordination Agreement.
	Also in October 2013, in connection with the Company’s execution and delivery of the Note Purchase Agreement, the Company and CB-USA, entered into a Fourth Amendment, Waiver and Consent (the "Amendment") to Keltic loan agreement in order to amend certain terms of the Keltic Facility and Bourbon Term Loan. The Amendment modifies certain aspects of the EBITDA covenant contained in the loan agreement, permits the Company to incur indebtedness in an aggregate original principal amount of $2,125,000 pursuant to the terms of the Note Purchase Agreement and Convertible Notes and permits the Company to make regularly scheduled payments of principal and interest and voluntary prepayments on the Convertible Notes, subject to certain conditions set forth in the Amendment.
	In connection with the Amendment, the Company and CB-USA entered into a Reaffirmation Agreement (the "Reaffirmation Agreement") with (i) Keltic, (ii) certain officers of the Company and CB-USA, including John Glover, the Company’s Chief Operating Officer, T. Kelley Spillane, the Company’s Senior Vice President - Global Sales, and Alfred J. Small, the Company’s Senior Vice President, Chief Financial Officer, Secretary & Treasurer, which reaffirms the existing Validity and Support Agreements by and among each officer, the Company, CB-USA and Keltic and (iii) certain junior lenders to the Company, including an affiliate of Dr. Phillip Frost, Mark E. Andrews, III and an affiliate of Richard J. Lampen.

ORGANIZATION_AND_SUMMARY_OF_SI1

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Business Description and Basis of Presentation [Text Block]	'
		A.	Description of business — The consolidated financial statements include the accounts of the Company, its wholly-owned domestic subsidiaries, Castle Brands (USA) Corp. (“CB-USA”) and McLain & Kyne, Ltd. (“McLain & Kyne”), the Company’s wholly-owned foreign subsidiaries, Castle Brands Spirits Group Limited (“CB-IRL”) and Castle Brands Spirits Marketing and Sales Company Limited, and the Company’s 60% ownership interest in Gosling-Castle Partners, Inc. (“GCP”), with adjustments for income or loss allocated based upon percentage of ownership. The accounts of the subsidiaries have been included as of the date of acquisition. All significant intercompany transactions and balances have been eliminated.
Nature of Operations [Text Block]	'
		B.	Organization and operations — The Company is principally engaged in the importation, marketing and sale of premium and super premium brands of rums, whiskey, liqueurs, vodka and tequila in the United States, Canada, Europe and Asia.
Equity Method Investments, Policy [Policy Text Block]	'
		C.	Equity investments - Equity investments are carried at original cost adjusted for the Company’s proportionate share of the investees’ income, losses and distributions. The Company assesses the carrying value of its equity investments when an indicator of a loss in value is present and records a loss in value of the investment when the assessment indicates that an other-than-temporary decline in the investment exists. The Company classifies its equity earnings of non-consolidated affiliate equity investment as a component of net income or loss.
Goodwill and Intangible Assets, Policy [Policy Text Block]	'
		D.	Goodwill and other intangible assets — Goodwill represents the excess of purchase price including related costs over the value assigned to the net tangible and identifiable intangible assets of businesses acquired. Goodwill and other identifiable intangible assets with indefinite lives are not amortized, but instead are tested for impairment annually, or more frequently if circumstances indicate a possible impairment may exist. Intangible assets with estimable useful lives are amortized over their respective estimated useful lives, generally on a straight-line basis, and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	'
		E.	Impairment of long-lived assets — Under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 310, “Accounting for the Impairment or Disposal of Long-lived Assets”, the Company periodically reviews whether changes have occurred that would require revisions to the carrying amounts of its definite lived, long-lived assets. When the sum of the expected future cash flows is less than the carrying amount of the asset, an impairment loss is recognized based on the fair value of the asset.
Excise Taxes and Duty [Policy Text Block]	'
		F.	Excise taxes and duty — Excise taxes and duty are computed at standard rates based on alcohol proof per gallon/liter and are paid after finished goods are imported into the United States and then transferred out of “bond.” Excise taxes and duty are recorded to inventory as a component of the cost of the underlying finished goods. When the underlying products are sold “ex warehouse”, the sales price reflects the taxes paid and the inventoried excise taxes and duties are charged to cost of sales.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	'
		G.	Foreign currency — The functional currency for the Company’s foreign operations is the Euro in Ireland and the British Pound in the United Kingdom. Under ASC 830, “Foreign Currency Matters”, the translation from the applicable foreign currencies to U.S. Dollars is performed for balance sheet accounts using exchange rates in effect at the balance sheet date and for revenue and expense accounts using a weighted average exchange rate during the period. The resulting translation adjustments are recorded as a component of other comprehensive income. Gains or losses resulting from foreign currency transactions are shown as a separate line item in the consolidated statements of operations.
Fair Value of Financial Instruments, Policy [Policy Text Block]	'
		H.	Fair value of financial instruments — ASC 825, “Financial Instruments”, defines the fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties and requires disclosure of the fair value of certain financial instruments. The Company believes that there is no material difference between the fair-value and the reported amounts of financial instruments in the Company’s balance sheets due to the short term maturity of these instruments, or with respect to the Company’s debt, as compared to the current borrowing rates available to the Company.
			The Company’s investments are reported at fair value in accordance with authoritative guidance, which accomplishes the following key objectives:
		·	Defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date;
		·	Establishes a three-level hierarchy (“valuation hierarchy”) for fair value measurements;
		·	Requires consideration of the Company’s creditworthiness when valuing liabilities; and
		·	Expands disclosures about instruments measured at fair value.
			The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels of the valuation hierarchy are as follows:
		·	Level 1 — inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
		·	Level 2 — inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are directly or indirectly observable for the asset or liability for substantially the full term of the financial instrument.
		·	Level 3 — inputs to the valuation methodology are unobservable and significant to the fair value measurement.
Income Tax, Policy [Policy Text Block]	'
		I.	Income taxes — Under ASC 740, “Income Taxes”, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. A valuation allowance is provided to the extent a deferred tax asset is not considered recoverable.
			The Company has not recognized any adjustments for uncertain tax positions. The Company recognizes interest and penalties related to uncertain tax positions in general and administrative expense; however, no such provisions for accrued interest and penalties related to uncertain tax positions have been recorded by the Company.
			The Company’s income tax benefit for the three and six months ended September 30, 2013 and 2012 consists of federal, state and local taxes attributable to GCP, which does not file a consolidated income tax return with the Company. In connection with the investment in GCP, the Company recorded a deferred tax liability on the ascribed value of the acquired intangible assets of $2,222,222, increasing the value of the asset. The difference between the book basis and tax basis created a deferred tax liability that is being amortized over a period of 15 years (the life of the licensing agreement) on a straight-line basis. For each of the three-month and six-month periods ended September 30, 2013 and 2012, the Company recognized $37,038 and $74,076 of deferred tax benefits, respectively.
Accounting Standards Adopted Policy [Policy Text Block]	'
		J.	Accounting standards adopted — In July 2012, the FASB issued Accounting Standards Update (“ASU”) 2012-02, “Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment.” The amended guidance simplifies how entities test indefinite-lived intangible assets other than goodwill for impairment.   After an assessment of certain qualitative factors, if it is determined to be more likely than not that an indefinite-lived asset is impaired, entities must perform the quantitative impairment test.   Otherwise, the quantitative test is optional.   This new guidance was effective for the Company as of April 1, 2013. The adoption of this standard did not have a material impact on the Company’s results of operations, cash flows or financial condition.
			In October 2012, the FASB issued ASU 2012-04, “Technical Corrections and Improvements.” The amendments in this update cover a wide range of topics in the ASC. These amendments include technical corrections and improvements to the ASC and conforming amendments related to fair value measurements. This new guidance was effective for the Company as of April 1, 2013. The adoption of this standard did not have a material impact on the Company’s results of operations, cash flows or financial condition.
			In February 2013, the FASB issued amendments to the accounting guidance for presentation of comprehensive income to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments do not change the current requirements for reporting net income or other comprehensive income, but do require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where the net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under GAAP that provide additional detail about these amounts. This new guidance was effective for the Company as of April 1, 2013. The adoption of this standard did not have a material impact on the Company’s results of operations, cash flows or financial condition.
New Accounting Pronouncements, Policy [Policy Text Block]	'
		K.	Recent accounting pronouncements — The Company has considered all recent accounting pronouncements, and no pronouncements were determined to have a significant impact on the financial statements that have not been disclosed in prior reporting periods.

BASIC_AND_DILUTED_NET_LOSS_PER1

BASIC AND DILUTED NET LOSS PER COMMON SHARE (Tables)	6 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	'
	Potential common shares not included in calculating diluted net loss per share are as follows:
		Six months ended
		September 30,
		2013		2012
	Stock options		11,134,765		7,960,765
	Warrants to purchase common stock		11,095,139		11,874,087
	Convertible preferred stock and accrued dividends		25,352,339		24,842,577
	Total		47,582,243		44,677,429

INVENTORIES_Tables

INVENTORIES (Tables)	6 Months Ended
	Sep. 30, 2013
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
		September 30,		March 31,
		2013		2013
	Raw materials	$	5,004,418	$	5,191,147
	Finished goods – net		8,664,386		8,540,815
	Total	$	13,668,804	$	13,731,962

GOODWILL_AND_INTANGIBLE_ASSETS1

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,			March 31,
		2013			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,			March 31,
			2013			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

NOTES_PAYABLE_Tables

NOTES PAYABLE (Tables)	6 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Schedule Of Notes Payable and Credit Facility [Table Text Block]	'
			September 30,		March 31,
			2013		2013
	Notes payable consist of the following:
	Foreign revolving credit facilities (A)		$	220,102	$	89,407
	Note payable – GCP note(B)			216,869		211,580
	Keltic facility (C)			6,733,352		6,501,321
	Bourbon term loan (D)			2,432,950		2,496,000
	Junior loan (E)			1,250,000		—
	Total		$	10,853,273	$	9,298,308
		A.	The Company has arranged various facilities aggregating €302,476 or $408,946 (translated at the September 30, 2013 exchange rate) with an Irish bank, including overdraft coverage, creditors’ insurance, customs and excise guaranty, and a revolving credit facility. These facilities are payable on demand, continue until terminated by either party, are subject to annual review, and call for interest at the lender’s AA1 Rate minus 1.70%. The balance on the credit facilities included in notes payable totaled €162,798, or $220,102 (translated at the September 30, 2013 exchange rate), and €69,761, or $89,407, (translated at the March 31, 2013 exchange rate), at September 30 and March 31, 2013, respectively.
		B.	In December 2009, GCP issued a promissory note (the “GCP Note”) in the aggregate principal amount of $211,580 to Gosling's Export (Bermuda) Limited in exchange for credits issued on certain inventory purchases. The GCP Note matures on April 1, 2020, is payable at maturity, subject to certain acceleration events, and calls for annual interest of 5%, to be accrued and paid at maturity. At March 31, 2013, $10,579 of accrued interest was converted to amounts due to affiliates. At September 30, 2013, $216,869 , consisting of $211,580 of principal and $5,289 of accrued interest, due on the GCP Note is included in long-term liabilities. At March 31, 2013, $211,580 of principal due on the GCP Note is included in long-term liabilities.
		C.	In August 2011, the Company and CB-USA entered into the Keltic Facility (“Keltic Facility”), a revolving loan agreement with Keltic Financial Partners II, LP ("Keltic"), providing for availability (subject to certain terms and conditions) of a facility of up to $5,000,000 for the purpose of providing the Company and CB-USA with working capital. In July 2012, the Keltic Facility was amended to increase availability to $7,000,000, among other changes. In March 2013, the Keltic Facility was amended to increase availability to $8,000,000, among other changes. In August 2013, the Keltic Facility was amended in order to modify the borrowing base calculation and covenants with respect to the Keltic Facility and permit the Company to make regularly scheduled payments of principal and interest and voluntary prepayments on the Junior Loan (as defined below), subject to certain conditions set forth in the Amendment. The Company and CB-USA are referred to individually and collectively as the Borrower. The Keltic Facility expires on December 31, 2016. The Borrower may borrow up to the maximum amount of the Keltic Facility, provided that the Borrower has a sufficient borrowing base (as defined under the loan agreement). The Keltic Facility interest rate is the rate that, when annualized, is the greatest of (a) the Prime Rate plus 3.25%, (b) the LIBOR Rate plus 5.75%, and (c) 6.50%. For the three months ended September 30, 2013, the Company paid interest at 6.5%. Interest is payable monthly in arrears, on the first day of every month on the average daily unpaid principal amount of the Keltic Facility. After the occurrence and during the continuance of any "Default" or "Event of Default" (as defined under the loan agreement), the Borrower is required to pay interest at a rate that is 3.25% per annum above the then applicable Keltic Facility interest rate. There have been no Events of Default under the Keltic Facility. The Company paid a $40,000 commitment fee in connection with the first amendment, a $70,000 closing and commitment fee in connection with the second amendment  and a $25,000 closing and commitment fee in connection with the third amendment. Keltic also receives an annual facility fee in an amount equal to 1% per annum of the maximum revolving facility amount and a collateral management fee of $1,000 per month (increased to $2,000 after the occurrence of and during the continuance of an Event of Default). The loan agreement contains standard borrower representations and warranties for asset-based borrowing and a number of reporting obligations and affirmative and negative covenants. The loan agreement includes negative covenants that, among other things, restrict the Borrower’s ability to create additional indebtedness, dispose of properties, incur liens, and make distributions or cash dividends. At September 30, 2013, the Company was in compliance, in all material respects, with the covenants under the Keltic Facility. At September 30 and March 31, 2013, $6,733,352 and $6,501,321, respectively, due on the Keltic Facility is included in long-term liabilities. See Note 16 for additional information regarding an amendment to the Keltic Facility that was entered into after September 30, 2013.
		D.	In March 2013, the Company and CB-USA entered into an inventory term loan of $2,496,000 (the "Bourbon Term Loan") that was used for the purchase of bourbon inventory on March 11, 2013. Unless sooner terminated in accordance with its terms, the Bourbon Term Loan matures on December 31, 2016. The Bourbon Term Loan interest rate is the rate that, when annualized, is the greatest of (a) the Prime Rate plus 4.25%, (b) the LIBOR Rate plus 6.75% and (c) 7.50%. For the three months ended September 30, 2013, the Company paid interest of 7.5%. Interest is payable monthly in arrears, on the first day of every month on the average daily unpaid principal amount of the Bourbon Term Loan. After the occurrence and during the continuance of any "Default" or "Event of Default" (as defined under the loan agreement), the Borrower is required to pay interest at a rate that is 3.25% per annum above the then applicable Bourbon Term Loan interest rate. The Borrower is required to pay down the principal balance of the Bourbon Term Loan within 15 banking days from the completion of a bottling run of bourbon from the bourbon inventory stock purchased on or about the date of the Bourbon Term Loan in an amount equal to the purchase price of such bourbon. The unpaid principal balance of the Bourbon Term Loan, all accrued and unpaid interest thereon, all fees, costs and expenses payable in connection with the Bourbon Term Loan are due and payable in full on December 31, 2016.
			Keltic required as a condition to funding the Bourbon Term Loan that Keltic had entered into a participation agreement (the "Participation Agreement") providing for an initial aggregate of $750,000 of the Bourbon Term Loan to be purchased by junior participants. Certain related parties of the Company purchased a portion of these junior participations in the Bourbon Term Loan, including Frost Gamma Investments Trust ($500,000), an entity affiliated with Phillip Frost, M.D., a director and principal shareholder of the Company, Mark E. Andrews, III ($50,000), a director of the Company and the Company’s Chairman, and an affiliate of Richard J. Lampen ($50,000), a director of the Company and the Company’s President and Chief Executive Officer (amounts shown are initial purchase amounts). Under the terms of the Participation Agreement, the junior participants receive interest at the rate of 11% per annum. Neither the Company nor CB-USA is a party to the Participation Agreement. However, the Borrower is party to a fee letter (the "Fee Letter") with the junior participants (including the related party junior participants) pursuant to which the Borrower is obligated to pay the junior participants an aggregate commitment fee of $45,000 in three equal annual installments of $15,000. In August 2013, the Bourbon Term Loan was amended to provide the Company with the ability to increase the maximum aggregate principal amount of the Bourbon Term Loan from $2,500,000 to up to $4,000,000 to finance the purchase of aged whiskies following the identification of junior participants to purchase a portion of the increased Bourbon Term Loan amount. The balance on the Bourbon Term Note included in notes payable totaled $2,432,950 and $2,496,000 at September 30 and March 31, 2013, respectively.
		E.	In August 2013, the Company entered into a Loan Agreement (the "Junior Loan Agreement"), by and between the Company and the lending parties thereto (the "Junior Lenders"), which provides for an aggregate $1,250,000 unsecured loan (the "Junior Loan") to the Company. The Junior Loan bears interest at a rate of 11% per annum, payable quarterly in arrears commencing November 1, 2013, and matures on October 15, 2015. The Junior Loan may be prepaid in whole or in part at any time without penalty or premium but with payment of accrued interest to the date of prepayment. The Junior Loan Agreement contains customary events of default, which, if uncured, entitle each Junior Lender to accelerate the due date of the unpaid principal amount of, and all accrued and unpaid interest on, the portion of the Junior Loan made by such Junior Lender. The Junior Loan Agreement provides for a funding fee of 2% per annum on the then outstanding Junior Loan balance (pro-rated for any period of less than one year), payable pro rata among the Junior Lenders on the date of the Junior Loan Agreement and on the first and second anniversaries thereof. The Junior Lenders include Frost Gamma Investments Trust ($200,000), Mark E. Andrews, III ($50,000) and an affiliate of Richard J. Lampen ($50,000). In connection with the Junior Loan Agreement, the Junior Lenders entered into a subordination agreement with Keltic; the Company is a party to the subordination agreement.

WARRANTS_Tables

WARRANTS (Tables)	6 Months Ended
	Sep. 30, 2013
Warrants [Abstract]	'
Warrants Liabilities [Table Text Block]	'
	The fair value of the warrants is a Level 3 fair value under the valuation hierarchy and was estimated using the Black-Scholes option pricing model utilizing the following assumptions:
		September 30,			March 31,
		2013			2013
	Stock price	$	0.76		$	0.31
	Risk-free interest rate		0.63	%		0.36	%
	Expected option life in years		2.75			3.25
	Expected stock price volatility		51	%		40	%
	Expected dividend yield		0	%		0	%

GEOGRAPHIC_INFORMATION_Tables

GEOGRAPHIC INFORMATION (Tables)	6 Months Ended
	Sep. 30, 2013
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
	The following table sets forth the amounts and percentage of consolidated revenue, consolidated results from operations, consolidated net loss attributable to common shareholders, consolidated income tax benefit and consolidated assets from the U.S. and foreign countries and consolidated revenue by category.
		Three Months ended September 30,
		2013				2012
	Consolidated Revenue:
	International	$	1,456,514	12.5	%	$	1,070,467	10.4	%
	United States		10,203,193	87.5	%		9,247,270	89.6	%
	Total Consolidated Revenue	$	11,659,707	100	%	$	10,317,737	100	%
	Consolidated Income (Loss) from Operations:
	International	$	2,262	-1.1	%	$	-77,634	14.4	%
	United States		-210,154	101.1	%		-459,847	85.6	%
	Total Consolidated Loss from Operations	$	-207,892	100	%	$	-537,481	100	%
	Consolidated Net Income (Loss) Attributable to Controlling
	Interests:
	International	$	11,128	-0.3	%	$	-94,975	10.5	%
	United States		-4,270,751	100.3	%		-806,320	89.5	%
	Total Consolidated Net Loss Attributable to Controlling	$	-4,259,623	100	%	$	-901,295	100	%
	Interests
	Income tax benefit:
	United States		37,038	100	%		37,038	100	%
	Consolidated Revenue by category:
	Rum	$	4,285,230	38.6	%	$	4,047,647	39.2	%
	Liqueur		2,609,505	22.4	%		2,437,008	23.7	%
	Whiskey		2,294,165	19.7	%		1,795,671	17.3	%
	Vodka		743,328	6.4	%		808,663	7.8	%
	Tequila		34,946	0.3	%		60,989	0.6	%
	Wine		178,878	1.5	%		122,066	1.2	%
	Other*		1,513,655	13	%		1,045,693	10.2	%
	Total Consolidated Revenue	$	11,659,707	100	%	$	10,317,737	100	%
		Six Months ended September 30,
		2013				2012
	Consolidated Revenue:
	International	$	2,867,861	13	%	$	2,624,015	13.1	%
	United States		19,210,463	87	%		17,413,149	86.9	%
	Total Consolidated Revenue	$	22,078,324	100	%	$	20,037,164	100	%
	Consolidated Income (Loss) from Operations:
	International	$	42,943	-6.5	%	$	-134,921	10.5	%
	United States		-706,483	106.5	%		-1,152,582	89.5	%
	Total Consolidated Loss from Operations	$	-663,540	100	%	$	-1,287,503	100	%
	Consolidated Net Income (Loss) Attributable to Controlling
	Interests:
	International	$	27,744	-0.5	%	$	-146,703	8.5	%
	United States		-5,580,200	100.5	%		-1,584,094	91.5	%
	Total Consolidated Net Loss Attributable to Controlling	$	-5,552,456	100	%	$	-1,730,797	100	%
	Interests
	Income tax benefit:
	United States		74,076	100	%		74,076	100	%
	Consolidated Revenue by category:
	Rum	$	8,499,001	38.5	%	$	8,174,117	40.9	%
	Liqueur		4,480,311	20.3	%		4,093,813	20.4	%
	Whiskey		4,589,392	20.8	%		3,615,752	18	%
	Vodka		1,332,978	6	%		1,811,390	9	%
	Tequila		94,848	0.4	%		160,751	0.8	%
	Wine		293,488	1.3	%		280,672	1.4	%
	Other*		2,788,307	12.7	%		1,900,669	9.5	%
	Total Consolidated Revenue	$	22,078,324	100	%	$	20,037,164	100	%
		As of September 30, 2013				As of March 31, 2013
	Consolidated Assets:
	International	$	2,362,589	7.1	%		1,941,537	5.9	%
	United States		31,112,284	92.9	%		31,175,558	94.1	%
	Total Consolidated Assets	$	33,474,873	100	%		33,117,095	100	%
	*Includes related non-beverage alcohol products.

ORGANIZATION_AND_SUMMARY_OF_SI2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions	'	'	60.00%	'
Deferred Tax Liabilities, Intangible Assets	$2,222,222	'	$2,222,222	'
Deferred Income Tax Expense Benefit Period Of Recognition	'	'	'15 years	'
Deferred Income Tax Expense (Benefit)	$37,038	$37,038	$74,076	$74,076

BASIC_AND_DILUTED_NET_LOSS_PER2

BASIC AND DILUTED NET LOSS PER COMMON SHARE (Details)	6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Common shares not included in calculating diluted net loss per share	47,582,243	44,677,429
Stockoptions [Member]	'	'
Common shares not included in calculating diluted net loss per share	11,134,765	7,960,765
Warrant [Member]	'	'
Common shares not included in calculating diluted net loss per share	11,095,139	11,874,087
Convertible Preferred Stock [Member]	'	'
Common shares not included in calculating diluted net loss per share	25,352,339	24,842,577

INVENTORIES_Details

INVENTORIES (Details) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Raw materials	$5,004,418	$5,191,147
Finished goods - net	8,664,386	8,540,815
Total	$13,668,804	$13,731,962

INVENTORIES_Details_Textual

INVENTORIES (Details Textual)	Sep. 30, 2013	Mar. 31, 2013
Percentage Of Raw Materials Located Outside United States	22.00%	19.00%
Percentage Of Finished Goods Located Outside United States	6.00%	4.00%

EQUITY_INVESTMENT_Details_Text

EQUITY INVESTMENT (Details Textual) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Mar. 31, 2013
Payment To Acquire Finished Goods	$0	$164,619	$170,880	$324,050	'
Equity Method Investments	96,823	'	96,823	'	116,700
Due From Related Parties, Current	502,304	'	502,304	'	303,226
DPCP [Member]	'	'	'	'	'
Due From Related Parties, Current	392,405	'	392,405	'	268,598
Equity Method Investment, Ownership Percentage	20.00%	'	20.00%	'	'
Interest On Capital Contribution	$2,100	$4,200	$2,100	$4,200	'

ACQUISITIONS_Details_Textual

ACQUISITIONS (Details Textual) (Mclain and Kyne Agreement [Member], USD $)	6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Mclain and Kyne Agreement [Member]	'	'
Business Acquisition, Earnout Payment	$5,940	$71,280

GOODWILL_AND_INTANGIBLE_ASSETS2

GOODWILL AND INTANGIBLE ASSETS (Details) (USD $)	6 Months Ended
	Sep. 30, 2013
Balance	$490,286
Payments under McLain and Kyne agreement	5,940
Balance	$496,226

GOODWILL_AND_INTANGIBLE_ASSETS3

GOODWILL AND INTANGIBLE ASSETS (Details 1) (USD $)	Sep. 30, 2013		Mar. 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
Finite-Lived Intangible Assets, Gross	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	[1]	4,112,972	[1]
Intangible Assets, Net (Excluding Goodwill)	$8,505,474		$8,805,913
[1]	Other identifiable intangible assets B indefinite lived consists of product formulations.

GOODWILL_AND_INTANGIBLE_ASSETS4

GOODWILL AND INTANGIBLE ASSETS (Details 2) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Accumulated amortization	$5,731,420	$5,404,000
Definite Life Brands [Member]	'	'
Accumulated amortization	169,999	169,999
Trademarks [Member]	'	'
Accumulated amortization	246,470	230,379
Rights [Member]	'	'
Accumulated amortization	4,685,197	4,409,221
Product Development [Member]	'	'
Accumulated amortization	18,500	16,280
Patents [Member]	'	'
Accumulated amortization	611,254	578,121
Other Intangible Assets [Member]	'	'
Accumulated amortization	$0	$0

RESTRICTED_CASH_Details_Textua

RESTRICTED CASH (Details Textual)	Sep. 30, 2013	Sep. 30, 2013	Mar. 31, 2013	Mar. 31, 2013
	USD ($)	EUR (€)	USD ($)	EUR (€)
Restricted Cash and Cash Equivalents, Noncurrent	$408,946	€ 302,476	$451,346	€ 352,255

NOTES_PAYABLE_Details

NOTES PAYABLE (Details) (USD $)	Sep. 30, 2013		Mar. 31, 2013
Notes payable and credit facility	$10,853,273		$9,298,308
Revolving Credit Facility [Member]	'		'
Notes payable and credit facility	220,102	[1]	89,407	[1]
Note Payable [Member]	'		'
Notes payable and credit facility	216,869	[2]	211,580	[2]
Keltic Facility [Member]	'		'
Notes payable and credit facility	6,733,352	[3]	6,501,321	[3]
Inventory Term Loan [Member]	'		'
Notes payable and credit facility	2,432,950	[4]	2,496,000	[4]
Junior Loan [Member]	'		'
Notes payable and credit facility	$1,250,000	[5]	$0	[5]
[1]	The Company has arranged various facilities aggregating €302,476 or $408,946 (translated at the September 30, 2013 exchange rate) with an Irish bank, including overdraft coverage, creditorsb insurance, customs and excise guaranty, and a revolving credit facility. These facilities are payable on demand, continue until terminated by either party, are subject to annual review, and call for interest at the lenderbs AA1 Rate minus 1.70%. The balance on the credit facilities included in notes payable totaled €162,798, or $220,102 (translated at the September 30, 2013 exchange rate), and €69,761, or $89,407, (translated at the March 31, 2013 exchange rate), at September 30 and March 31, 2013, respectively.
[2]	In December 2009, GCP issued a promissory note (the bGCP Noteb) in the aggregate principal amount of $211,580 to Gosling's Export (Bermuda) Limited in exchange for credits issued on certain inventory purchases. The GCP Note matures on April 1, 2020, is payable at maturity, subject to certain acceleration events, and calls for annual interest of 5%, to be accrued and paid at maturity. At March 31, 2013, $10,579 of accrued interest was converted to amounts due to affiliates. At September 30, 2013, $216,869, consisting of $211,580 of principal and $5,289 of accrued interest, due on the GCP Note is included in long-term liabilities. At March 31, 2013, $211,580 of principal due on the GCP Note is included in long-term liabilities.
[3]	In August 2011, the Company and CB-USA entered into the Keltic Facility (bKeltic Facilityb), a revolving loan agreement with Keltic Financial Partners II, LP ("Keltic"), providing for availability (subject to certain terms and conditions) of a facility of up to $5,000,000 for the purpose of providing the Company and CB-USA with working capital. In July 2012, the Keltic Facility was amended to increase availability to $7,000,000, among other changes. In March 2013, the Keltic Facility was amended to increase availability to $8,000,000, among other changes. In August 2013, the Keltic Facility was amended in order to modify the borrowing base calculation and covenants with respect to the Keltic Facility and permit the Company to make regularly scheduled payments of principal and interest and voluntary prepayments on the Junior Loan (as defined below), subject to certain conditions set forth in the Amendment. The Company and CB-USA are referred to individually and collectively as the Borrower. The Keltic Facility expires on December 31, 2016. The Borrower may borrow up to the maximum amount of the Keltic Facility, provided that the Borrower has a sufficient borrowing base (as defined under the loan agreement). The Keltic Facility interest rate is the rate that, when annualized, is the greatest of (a) the Prime Rate plus 3.25%, (b) the LIBOR Rate plus 5.75%, and (c) 6.50%. For the three months ended September 30, 2013, the Company paid interest at 6.5%. Interest is payable monthly in arrears, on the first day of every month on the average daily unpaid principal amount of the Keltic Facility. After the occurrence and during the continuance of any "Default" or "Event of Default" (as defined under the loan agreement), the Borrower is required to pay interest at a rate that is 3.25% per annum above the then applicable Keltic Facility interest rate. There have been no Events of Default under the Keltic Facility. The Company paid a $40,000 commitment fee in connection with the first amendment, a $70,000 closing and commitment fee in connection with the second amendment and a $25,000 closing and commitment fee in connection with the third amendment. Keltic also receives an annual facility fee in an amount equal to 1% per annum of the maximum revolving facility amount and a collateral management fee of $1,000 per month (increased to $2,000 after the occurrence of and during the continuance of an Event of Default). The loan agreement contains standard borrower representations and warranties for asset-based borrowing and a number of reporting obligations and affirmative and negative covenants. The loan agreement includes negative covenants that, among other things, restrict the Borrowerbs ability to create additional indebtedness, dispose of properties, incur liens, and make distributions or cash dividends. At September 30, 2013, the Company was in compliance, in all material respects, with the covenants under the Keltic Facility. At September 30 and March 31, 2013, $6,733,352 and $6,501,321, respectively, due on the Keltic Facility is included in long-term liabilities. See Note 16 for additional information regarding an amendment to the Keltic Facility that was entered into after September 30, 2013.
[4]	In March 2013, the Company and CB-USA entered into an inventory term loan of $2,496,000 (the "Bourbon Term Loan") that was used for the purchase of bourbon inventory on March 11, 2013. Unless sooner terminated in accordance with its terms, the Bourbon Term Loan matures on December 31, 2016. The Bourbon Term Loan interest rate is the rate that, when annualized, is the greatest of (a) the Prime Rate plus 4.25%, (b) the LIBOR Rate plus 6.75% and (c) 7.50%. For the three months ended September 30, 2013, the Company paid interest of 7.5%. Interest is payable monthly in arrears, on the first day of every month on the average daily unpaid principal amount of the Bourbon Term Loan. After the occurrence and during the continuance of any "Default" or "Event of Default" (as defined under the loan agreement), the Borrower is required to pay interest at a rate that is 3.25% per annum above the then applicable Bourbon Term Loan interest rate. The Borrower is required to pay down the principal balance of the Bourbon Term Loan within 15 banking days from the completion of a bottling run of bourbon from the bourbon inventory stock purchased on or about the date of the Bourbon Term Loan in an amount equal to the purchase price of such bourbon. The unpaid principal balance of the Bourbon Term Loan, all accrued and unpaid interest thereon, all fees, costs and expenses payable in connection with the Bourbon Term Loan are due and payable in full on December 31, 2016. Keltic required as a condition to funding the Bourbon Term Loan that Keltic had entered into a participation agreement (the "Participation Agreement") providing for an initial aggregate of $750,000 of the Bourbon Term Loan to be purchased by junior participants. Certain related parties of the Company purchased a portion of these junior participations in the Bourbon Term Loan, including Frost Gamma Investments Trust ($500,000), an entity affiliated with Phillip Frost, M.D., a director and principal shareholder of the Company, Mark E. Andrews, III ($50,000), a director of the Company and the Companybs Chairman, and an affiliate of Richard J. Lampen ($50,000), a director of the Company and the Companybs President and Chief Executive Officer (amounts shown are initial purchase amounts). Under the terms of the Participation Agreement, the junior participants receive interest at the rate of 11% per annum. Neither the Company nor CB-USA is a party to the Participation Agreement. However, the Borrower is party to a fee letter (the "Fee Letter") with the junior participants (including the related party junior participants) pursuant to which the Borrower is obligated to pay the junior participants an aggregate commitment fee of $45,000 in three equal annual installments of $15,000. In August 2013, the Bourbon Term Loan was amended to provide the Company with the ability to increase the maximum aggregate principal amount of the Bourbon Term Loan from $2,500,000 to up to $4,000,000 to finance the purchase of aged whiskies following the identification of junior participants to purchase a portion of the increased Bourbon Term Loan amount. The balance on the Bourbon Term Note included in notes payable totaled $2,432,950 and $2,496,000 at September 30 and March 31, 2013, respectively.
[5]	In August 2013, the Company entered into a Loan Agreement (the "Junior Loan Agreement"), by and between the Company and the lending parties thereto (the "Junior Lenders"), which provides for an aggregate $1,250,000 unsecured loan (the "Junior Loan") to the Company. The Junior Loan bears interest at a rate of 11% per annum, payable quarterly in arrears commencing November 1, 2013, and matures on October 15, 2015. The Junior Loan may be prepaid in whole or in part at any time without penalty or premium but with payment of accrued interest to the date of prepayment. The Junior Loan Agreement contains customary events of default, which, if uncured, entitle each Junior Lender to accelerate the due date of the unpaid principal amount of, and all accrued and unpaid interest on, the portion of the Junior Loan made by such Junior Lender. The Junior Loan Agreement provides for a funding fee of 2% per annum on the then outstanding Junior Loan balance (pro-rated for any period of less than one year), payable pro rata among the Junior Lenders on the date of the Junior Loan Agreement and on the first and second anniversaries thereof. The Junior Lenders include Frost Gamma Investments Trust ($200,000), Mark E. Andrews, III ($50,000) and an affiliate of Richard J. Lampen ($50,000). In connection with the Junior Loan Agreement, the Junior Lenders entered into a subordination agreement with Keltic; the Company is a party to the subordination agreement.

NOTES_PAYABLE_Details_Textual

NOTES PAYABLE (Details Textual)

6 Months Ended

3 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

Sep. 30, 2013

Mar. 31, 2013

Mar. 31, 2013

Sep. 30, 2013

Mar. 31, 2013

Dec. 31, 2009

Sep. 30, 2013

Sep. 30, 2013

Jul. 31, 2012

Aug. 31, 2011

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Mar. 31, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

USD ($)

USD ($)

EUR (€)

GCP Note [Member]

GCP Note [Member]

GCP Note [Member]

Keltic Facility [Member]

Keltic Facility [Member]

Keltic Facility [Member]

Keltic Facility [Member]

Irish Bank [Member]

Irish Bank [Member]

Bourbon Term Loan [Member]

Junior Loan [Member]

Frost Gamma Investments Trust [Member]

Frost Gamma Investments Trust [Member]

Mark E Andrews Iii [Member]

Mark E Andrews Iii [Member]

Affiliate Of Richard J Lampen [Member]

Affiliate Of Richard J Lampen [Member]

Second Amendment [Member]

Second Amendment [Member]

Second Amendment [Member]

Participation Agreement [Member]

Amendment Agreement [Member]

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

EUR (€)

USD ($)

USD ($)

USD ($)

Junior Loan [Member]

USD ($)

Junior Loan [Member]

USD ($)

Junior Loan [Member]

Keltic Facility [Member]

Keltic Facility [Member]

Bourbon Term Loan [Member]

Keltic Facility [Member]

Bourbon Term Loan [Member]

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Debt Instrument, Interest Rate At Period End

'

'

'

'

'

5.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other Accrued Liabilities, Noncurrent

'

'

'

$5,289

$10,579

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes Payable, Noncurrent

216,869

211,580

'

216,869

211,580

211,580

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line Of Credit Facility, Maximum Borrowing Capacity

'

'

'

'

'

'

'

'

7,000,000

5,000,000

408,946

302,476

'

'

'

'

'

'

'

'

'

8,000,000

'

'

'

Line Of Credit Facility, Interest Rate Description

'

'

'

'

'

'

'

'interest rate is the rate that, when annualized, is the greatest of (a) the Prime Rate plus 3.25%, (b) the LIBOR Rate plus 5.75%, and (c) 6.50%.

'

'

'

'

'interest rate is the rate that, when annualized, is the greatest of (a) the Prime Rate plus 4.25%, (b) the LIBOR Rate plus 6.75% and (c) 7.50%.

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Debt Default, Description Of Violation Or Event Of Default

'

'

'

'

'

'

'

'After the occurrence and during the continuance of any "Default" or "Event of Default" (as defined under the loan agreement), the Borrower is required to pay interest at a rate that is 3.25% per annum above the then applicable Keltic Facility interest rate.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'After the occurrence and during the continuance of any "Default" or "Event of Default" (as defined under the loan agreement), the Borrower is required to pay interest at a rate that is 3.25% per annum above the then applicable Bourbon Term Loan interest rate. The Borrower is required to pay down the principal balance of the Bourbon Term Loan within 15 banking days from the completion of a bottling run of bourbon from the bourbon inventory stock purchased on or about the date of the Bourbon Term Loan in an amount equal to the purchase price of such bourbon. The unpaid principal balance of the Bourbon Term Loan, all accrued and unpaid interest thereon, all fees, costs and expenses payable in connection with the Bourbon Term Loan are due and payable in full on December 31, 2016.

'

'

Line Of Credit Facility, Commitment Fee Amount

'

'

'

'

'

'

'

40,000

'

'

'

'

'

'

'

'

'

'

'

'

70,000

'

'

'

'

Long-Term Line Of Credit, Noncurrent

6,733,352

6,501,321

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate During Period

11.00%

'

'

'

'

'

6.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line Of Credit Facility, Covenant Compliance

'

'

'

'

'

'

'

'The loan agreement includes negative covenants that, among other things, restrict the Borrowers ability to create additional indebtedness, dispose of properties, incur liens, and make distributions or cash dividends.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Annual Facility Fee Receivable Description

'

'

'

'

'

'

'

'annual facility fee in an amount equal to 1% per annum of the maximum revolving facility amount and a collateral management fee of $1,000 per month (increased to $2,000 after the occurrence of and during the continuance of an Event of Default).

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line Of Credit, Current

220,102

89,407

69,761

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line Of Credit Facility, Interest Rate During Period

'

'

'

'

'

'

'

'

'

'

1.70%

1.70%

'

'

'

'

'

'

'

'

'

'

'

'

'

Line Of Credit Facility Additional Interest Rate During Period

'

'

'

'

'

'

3.25%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Term Loan

2,432,950

2,496,000

'

'

'

'

'

'

'

'

'

'

'

'

500,000

'

50,000

'

50,000

'

'

'

'

750,000

'

Commitment Fee Payable

45,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Commitment Fee Annual Installment Amount

15,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unsecured debt

'

'

'

'

'

'

'

'

'

'

'

'

'

1,250,000

'

200,000

'

50,000

'

50,000

'

'

'

'

'

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

11.00%

'

'

'

'

'

'

'

'

'

'

'

Percentage Of Funding Fee

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Maturity Date

'

'

'

'

'

'

'

'

'

'

'

'

'

15-Oct-15

'

'

'

'

'

'

'

'

'

'

'

Long-term Debt, Gross

'

'

'

'

'

'

'

'

'

'

'

'

$2,500,000

'

'

'

'

'

'

'

'

'

'

'

$4,000,000

EQUITY_Details_Textual

EQUITY (Details Textual) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Mar. 31, 2013
Dividends, Preferred Stock, Stock	$187,978	$184,199	$377,910	$364,150	'
Preferred Stock, Par Or Stated Value Per Share (in dollars per share)	$0.01	'	$0.01	'	$0.01
Series A Convertible Preferred Stock [Member]	'	'	'	'	'
Preferred Stock, Dividend Rate, Percentage	'	'	10.00%	'	'
Conversion of Stock, Shares Converted	'	'	430	130.132	'
Preferred Stock, Par Or Stated Value Per Share (in dollars per share)	$0.01	'	$0.01	'	'
Convertible Preferred Stock, Shares Issued upon Conversion	1,704,729	470,234	1,704,729	470,234	'
Preferred Stock, Dividend Rate, Per-Dollar-Amount	'	'	$1,000	'	'

WARRANTS_Details

WARRANTS (Details) (Warrant [Member], Fair Value, Inputs, Level 3 [Member], USD $)	6 Months Ended	12 Months Ended
	Sep. 30, 2013	Mar. 31, 2013
Warrant [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Stock price	$0.76	$0.31
Risk-free interest rate	0.63%	0.36%
Expected option life in years	'2 years 9 months	'3 years 3 months
Expected stock price volatility	51.00%	40.00%
Expected dividend yield	0.00%	0.00%

WARRANTS_Details_Textual

WARRANTS (Details Textual) (USD $)	1 Months Ended		3 Months Ended		6 Months Ended		9 Months Ended
	Oct. 31, 2011	Jun. 30, 2011	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2011	Mar. 31, 2013
Warrants Exercisable Period	'	'	'	'	'	'	'five years	'
Convertible Preferred Stock, Terms of Conversion	'	'	'	'	'	'	'The exercise price of the 2011 Warrants is equal to 125% of the conversion price of the Series A Preferred Stock.	'
Warrants Issued At Fair Value	$780,972	$487,022	'	'	'	'	'	'
Warrant Liability	'	'	4,761,789	'	4,761,789	'	'	795,374
Change In Unrealized Gain Loss On Fair Value Warrants	'	'	3,352,252	162,607	3,799,503	71,279	'	'
Number Of Warrants Exercised	'	'	'	'	778,948	'	'	'
Proceeds from Exercise Of Series A Preferred Stock Warrants	'	'	'	'	296,015	0	'	'
Warrant [Member]	'	'	'	'	'	'	'	'
Warrant Liability	'	'	$4,761,789	'	$4,761,789	'	'	$795,374
Series A Preferred Stock [Member]	'	'	'	'	'	'	'	'
Class of Warrant or Right, Exercise Price of Warrants or Rights	'	'	'	'	'	'	0.38	'

STOCKBASED_COMPENSATION_Detail

STOCK-BASED COMPENSATION (Details Textual) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Employee Service Share-Based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized (in dollars)	$968,786	'	$968,786	'
Employee Service Number Of Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options	6,032,799	'	6,032,799	'
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1	'	'	'2 years 7 months 2 days	'
Allocated Share-Based Compensation Expense (in dollars)	105,215	79,748	177,749	138,928
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	'	'	1,495,000	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	'	'	$0.38	'
Share Based Compensation Arrangement By Share Based Payment Expiration Date	'	'	'June 2023	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	'	'	'vest 25% on each of the first four anniversaries of the grant date.	'
Share Based Compensation Arrangement By Share Based Payment Award Option Valued	'	'	343,850	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used	'	'	'Black-Scholes option pricing model	'
Employee Stock Option [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	'	'	425,000	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	'	'	$0.38	'
Share Based Compensation Arrangement By Share Based Payment Expiration Date	'	'	'June 2023	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	'	'	'vest 33.3% on each of the first three anniversaries of the grant date.	'
Share Based Compensation Arrangement By Share Based Payment Award Option Valued	'	'	93,500	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used	'	'	'Black-Scholes option pricing model	'
Director Stock Option Issued In May 2013 [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	'	'	100,000	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	'	'	$0.32	'
Share Based Compensation Arrangement By Share Based Payment Expiration Date	'	'	'May 2023	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	'	'	'vest 25% on each of the first four anniversaries of the grant date.	'
Share Based Compensation Arrangement By Share Based Payment Award Option Valued	'	'	19,076	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used	'	'	'Black-Scholes option pricing model	'
Director Stock Option Issued In July 2013 [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	'	'	1,000,000	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	'	'	$0.35	'
Share Based Compensation Arrangement By Share Based Payment Expiration Date	'	'	'July 2023	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	'	'	'vest 33.3% on each of the first three anniversaries of the grant date.	'
Share Based Compensation Arrangement By Share Based Payment Award Option Valued	'	'	$208,405	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used	'	'	'Black-Scholes option pricing model	'

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details Textual)

6 Months Ended

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

New York [Member]

Dublin [Member]

Dublin [Member]

Houston, Tx [Member]

Ireland [Member]

Ireland [Member]

Four Contract Year [Member]

Twelve Contract Year [Member]

Irish Whiskey [Member]

Irish Whiskey [Member]

Irish Whiskey [Member]

Irish Whiskey [Member]

USD ($)

USD ($)

EUR (€)

USD ($)

USD ($)

EUR (€)

Four Contract Year [Member]

Four Contract Year [Member]

Twelve Contract Year [Member]

Twelve Contract Year [Member]

USD ($)

EUR (€)

USD ($)

EUR (€)

Long-term Purchase Commitment, Amount

'

'

'

'

'

'

'

'

$953,018

€ 704,900

$331,377

€ 245,103

Operating Leases, Income Statement, Contingent Revenue

18,693

1,690

1,250

1,820

1,487

1,100

'

'

'

'

'

'

Lease Expiration Date

30-Apr-14

30-Nov-13

30-Nov-13

31-Jan-15

31-Oct-16

31-Oct-16

'

'

'

'

'

'

Contract Year Ending

'

'

'

'

'

'

'

'

30-Jun-14

30-Jun-14

30-Jun-14

30-Jun-14

Long Term Purchase Commitment Percentage Agreed To Purchase

'

'

'

'

'

'

90.00%

80.00%

'

'

'

'

Long-term Purchase Commitment, Amount Purchased

'

'

'

'

'

'

'

'

$537,716

€ 397,722

$67,906

€ 50,227

CONCENTRATIONS_Details_Textual

CONCENTRATIONS (Details Textual) (USD $)	Mar. 31, 2013	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
		Customer Concentration Risk [Member]	Customer Concentration Risk [Member]	Customer Concentration Risk [Member]	Customer Concentration Risk [Member]	Customer Concentration Risk [Member]
		Sales Revenue, Goods, Net [Member]	Sales Revenue, Goods, Net [Member]	Sales Revenue, Goods, Net [Member]	Sales Revenue, Goods, Net [Member]	Accounts Receivable [Member]
Concentration Risk, Percentage	'	29.10%	31.00%	29.90%	31.70%	40.20%
Cash, Uninsured Amount	$300,000	'	'	'	'	'

GEOGRAPHIC_INFORMATION_Details

GEOGRAPHIC INFORMATION (Details) (USD $)	3 Months Ended				6 Months Ended
	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012		Mar. 31, 2013
Consolidated Revenue:	'		'		'		'		'
Total Consolidated Revenue	$11,659,707	[1]	$10,317,737	[1]	$22,078,324	[1]	$20,037,164	[1]	'
Sales Revenue Goods Percentage Net	100.00%		100.00%		100.00%		100.00%		'
Consolidated Income (Loss) from Operations:	'		'		'		'		'
Total Consolidated Loss from Operations	-207,892		-537,481		-663,540		-1,287,503		'
Operating Income (Loss), Percentage	100.00%		100.00%		100.00%		100.00%		'
Consolidated Net Income (Loss) Attributable to Controlling Interests:	'		'		'		'		'
Total Consolidated Net Loss Attributable to Controlling Interests	-4,426,535		-901,296		-5,719,368		-1,730,797		'
Net Income (Loss) Attributable To Common Shareholders	100.00%		100.00%		100.00%		100.00%		'
Income tax benefit:	'		'		'		'		'
Income tax benefit	37,038		37,038		74,076		74,076		'
Total Consolidated Assets	33,474,873		'		33,474,873		'		33,117,095
Assets Percentage	100.00%		'		100.00%		'		100.00%
Foreign Tax Authority [Member]	'		'		'		'		'
Consolidated Revenue:	'		'		'		'		'
Total Consolidated Revenue	1,456,514		1,070,467		2,867,861		2,624,015		'
Sales Revenue Goods Percentage Net	12.50%		10.40%		13.00%		13.10%		'
Consolidated Income (Loss) from Operations:	'		'		'		'		'
Total Consolidated Loss from Operations	2,262		-77,634		42,943		-134,921		'
Operating Income (Loss), Percentage	-1.10%		14.40%		-6.50%		10.50%		'
Consolidated Net Income (Loss) Attributable to Controlling Interests:	'		'		'		'		'
Total Consolidated Net Loss Attributable to Controlling Interests	11,128		-94,975		27,744		-146,703		'
Net Income (Loss) Attributable To Common Shareholders	-0.30%		10.50%		-0.50%		8.50%		'
Income tax benefit:	'		'		'		'		'
Total Consolidated Assets	2,362,589		'		2,362,589		'		1,941,537
Assets Percentage	7.10%		'		7.10%		'		5.90%
Domestic Tax Authority [Member]	'		'		'		'		'
Consolidated Revenue:	'		'		'		'		'
Total Consolidated Revenue	10,203,193		9,247,270		19,210,463		17,413,149		'
Sales Revenue Goods Percentage Net	87.50%		89.60%		87.00%		86.90%		'
Consolidated Income (Loss) from Operations:	'		'		'		'		'
Total Consolidated Loss from Operations	-210,154		-459,847		-706,483		-1,152,582		'
Operating Income (Loss), Percentage	101.10%		85.60%		106.50%		89.50%		'
Consolidated Net Income (Loss) Attributable to Controlling Interests:	'		'		'		'		'
Total Consolidated Net Loss Attributable to Controlling Interests	-4,270,751		-806,320		-5,580,200		-1,584,094		'
Net Income (Loss) Attributable To Common Shareholders	100.30%		89.50%		100.50%		91.50%		'
Income tax benefit:	'		'		'		'		'
Income tax benefit	37,038		37,038		74,076		74,076		'
Income tax benefit, Percentage	100.00%		100.00%		100.00%		100.00%		'
Total Consolidated Assets	31,112,284		'		31,112,284		'		31,175,558
Assets Percentage	92.90%		'		92.90%		'		94.10%
Rum [Member]	'		'		'		'		'
Consolidated Revenue:	'		'		'		'		'
Total Consolidated Revenue	4,285,230		4,047,647		8,499,001		8,174,117		'
Sales Revenue Goods Percentage Net	38.60%		39.20%		38.50%		40.90%		'
Liqueurs [Member]	'		'		'		'		'
Consolidated Revenue:	'		'		'		'		'
Total Consolidated Revenue	2,609,505		2,437,008		4,480,311		4,093,813		'
Sales Revenue Goods Percentage Net	22.40%		23.70%		20.30%		20.40%		'
Whiskey [Member]	'		'		'		'		'
Consolidated Revenue:	'		'		'		'		'
Total Consolidated Revenue	2,294,165		1,795,671		4,589,392		3,615,752		'
Sales Revenue Goods Percentage Net	19.70%		17.30%		20.80%		18.00%		'
Vodka [Member]	'		'		'		'		'
Consolidated Revenue:	'		'		'		'		'
Total Consolidated Revenue	743,328		808,663		1,332,978		1,811,390		'
Sales Revenue Goods Percentage Net	6.40%		7.80%		6.00%		9.00%		'
Tequila [Member]	'		'		'		'		'
Consolidated Revenue:	'		'		'		'		'
Total Consolidated Revenue	34,946		60,989		94,848		160,751		'
Sales Revenue Goods Percentage Net	0.30%		0.60%		0.40%		0.80%		'
Wine [Member]	'		'		'		'		'
Consolidated Revenue:	'		'		'		'		'
Total Consolidated Revenue	178,878		122,066		293,488		280,672		'
Sales Revenue Goods Percentage Net	1.50%		1.20%		1.30%		1.40%		'
Others [Member]	'		'		'		'		'
Consolidated Revenue:	'		'		'		'		'
Total Consolidated Revenue	$1,513,655	[2]	$1,045,693	[2]	$2,788,307	[2]	$1,900,669	[2]	'
Sales Revenue Goods Percentage Net	13.00%	[2]	10.20%	[2]	12.70%	[2]	9.50%	[2]	'
[1]	Sales, net and Cost of sales include excise taxes of $1,588,959 and $1,532,880 for the three months ended September 30, 2013 and 2012, respectively, and $3,013,179 and $2,914,421 for the six months ended September 30, 2013 and 2012, respectively.
[2]	Includes related non-beverage alcohol products.

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Textual) (Subsequent Event [Member], Convertible Notes [Member], USD $)	6 Months Ended
	Sep. 30, 2013
Unsecured Debt	$2,125,000
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Debt Instrument, Maturity Date	15-Dec-18
Debt Instrument, Convertible, Conversion Price	$0.90
Debt Instrument, Convertible, Terms of Conversion Feature	'The Company may forcibly convert all or any part of the Convertible Notes and all accrued but unpaid interest thereon if (i) the average daily volume of the common stock (as reported on the principal market or exchange on which the common stock is listed or quoted for trading) exceeds $50,000 per trading day and (ii) the volume weighted average price of the common stock for at least twenty (20) trading days during any thirty (30) consecutive trading day period exceeds 250% of the then-current Conversion Price. Any forced conversion will be applied ratably to the holders of all Convertible Notes issued pursuant to the Note Purchase Agreement based on each holders then-current note holdings.
Debt Instrument Convertible Volume Of Trading Trigger	50,000
Affiliate Of Dr Phillip Frost [Member]	'
Unsecured Debt	500,000
Mark E Andrews Iii [Member]	'
Unsecured Debt	50,000
Affiliate Of Richard J Lampen [Member]	'
Unsecured Debt	50,000
Affiliate Of Glenn Halpryn [Member]	'
Unsecured Debt	200,000
Dennis Scholl [Member]	'
Unsecured Debt	100,000
Director Of The Company And Vector Group Ltd [Member]	'
Unsecured Debt	200,000
Amendment Agreement [Member]	'
Long-term Debt, Gross	$2,125,000