Algorhythm (RIME) 10-K 29 Jun 15 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2015	Jun. 29, 2015	Sep. 30, 2014
Document Information [Line Items]
Entity Registrant Name	SINGING MACHINE CO INC
Entity Central Index Key	923,601
Current Fiscal Year End Date	--03-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	SMDM
Entity Common Stock, Shares Outstanding		38,117,517
Document Type	10-K
Amendment Flag	false
Document Period End Date	Mar. 31, 2015
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 2,367,000

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2015	Mar. 31, 2014
Current Assets
Cash	$ 116,286	$ 1,354,099
Restricted cash	0	138,042
Accounts receivable, net of allowances of $174,131 and $172,465, respectively	1,466,168	955,551
Inventories, net	7,448,167	5,827,613
Prepaid expenses and other current assets	92,609	91,088
Deferred financing costs	74,077	0
Deferred tax asset, net	449,274	604,284
Total Current Assets	9,783,996	9,357,835
Property and equipment, net	466,571	561,225
Other non-current assets	11,394	17,630
Deferred financing costs, net of current portion	95,683	0
Deferred tax asset, net of current portion	1,856,281	1,793,972
Total Assets	12,213,925	11,730,662
Current Liabilities
Accounts payable	2,767,180	1,918,076
Accrued expenses	452,651	446,314
Current portion of capital lease	12,628	12,076
Obligations to customers for returns and allowances	399,419	469,838
Warranty provisions	197,873	235,172
Total Current Liabilities	5,712,453	8,007,458
Noncurrent Liabilities
Long-term capital lease, net of current portion	1,078	13,706
Accrued expenses, net of current portion	46,495
Total Liabilities	8,287,961	8,021,164
Shareholders' Equity
Preferred stock, $1.00 par value; 1,000,000 shares authorized; no shares issued and outstanding	0	0
Additional paid-in capital	19,307,966	19,262,127
Accumulated deficit	(15,763,177)	(15,933,335)
Total Shareholders' Equity	3,925,964	3,709,498
Total Liabilities and Shareholders' Equity	12,213,925	11,730,662
PNC Bank [Member]
Current Assets
Due from Affiliate, Current	137,415	0
Crestmark Bank [Member]
Current Assets
Due from Affiliate, Current	0	19,638
Starlight Consumer Electronics USA, Inc [Member]
Current Assets
Due from related party	0	233,004
Starlight Electronics USA, Inc [Member]
Current Assets
Due from related party	0	51,196
Starlight Electronics Co., Ltd [Member]
Current Assets
Due from related party	0	83,320
Cosmo Communications Canada, Ltd [Member]
Current Liabilities
Due to related party	40,256	50,441
Starlight Marketing Development, Ltd [Member]
Current Liabilities
Due to related party	0	1,107,678
Starlight Marketing Development, Ltd [Member] | Subordinated Debt [Member]
Current Liabilities
Due to related party	0	816,753
Noncurrent Liabilities
Related party debt	1,924,431	0
Starfair Electronics Company, Ltd [Member]
Current Liabilities
Due to related party	0	17,738
Ram Light Management, Ltd [Member]
Current Liabilities
Due to related party	583,247	0
Notes Payable, Related Party	496,496	0
Ram Light Management, Ltd [Member] | Subordinated Debt [Member]
Current Liabilities
Due to related party	0	1,683,247
Starlight R and D, Ltd [Member]
Current Liabilities
Due to related party	554,031	194,678
Other Starlight Group Companies [Member]
Current Liabilities
Due to related party	0	3,534
Starlight Consumer Electronics Co Ltd [Member]
Current Liabilities
Due to related party	208,672	1,051,913
Ram Light Management, Ltd., [Member] | Subordinated Debt [Member]
Noncurrent Liabilities
Related party debt	603,504	0
Common Class A [Member]
Shareholders' Equity
Common stock value	0	0
Common Class B [Member]
Shareholders' Equity
Common stock value	$ 381,175	$ 380,706

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($)	Mar. 31, 2015	Mar. 31, 2014
Allowance for doubtful accounts (in dollars)	$ 174,131	$ 172,465
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	100,000	100,000
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	38,117,517	38,070,642
Common stock, shares outstanding	38,117,517	38,070,642

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Net Sales	$ 39,308,281	$ 31,379,629	$ 34,437,774
Cost of Goods Sold	30,997,211	24,273,038	26,368,945
Gross Profit	8,311,070	7,106,591	8,068,829
Operating Expenses
Selling expenses	3,104,598	2,402,153	3,078,340
General and administrative expenses	4,507,606	4,257,335	3,310,325
Depreciation	130,254	168,138	110,267
Total Operating Expenses	7,742,458	6,827,626	6,498,932
Income from Operations	568,612	278,965	1,569,897
Other Expenses
Interest expense	(253,282)	(53,446)	(48,421)
Financing costs	(52,471)	0	0
Net Other Expenses	(305,753)	(53,446)	(48,421)
Income before income tax (provision ) benefit	262,859	225,519	1,521,476
Income tax (provision) benefit	(92,701)	778,797	1,619,459
Net Income	$ 170,158	$ 1,004,316	$ 3,140,935
Income per Common Share
Basic (in dollar per share)	$ 0	$ 0.03	$ 0.08
Diluted (in dollar per share)	$ 0	$ 0.03	$ 0.08
Weighted Average Common and Common Equivalent Shares:
Basic (in shares)	38,097,226	38,057,628	37,973,309
Diluted (in shares)	38,602,577	38,647,290	38,360,324

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:
Net Income	$ 170,158	$ 1,004,316	$ 3,140,935
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation	130,254	168,138	110,267
Amortization of deferred financing costs	52,471	0	0
Change in inventory reserve	(217,000)	135,000	(160,000)
Change in allowance for bad debts	1,666	(7,841)	11,752
Loss from disposal of property and equipment	0	4,479	0
Stock based compensation	46,308	107,351	14,777
Warranty provisions	(37,299)	19,701	(4,289)
Change in net deferred tax assets	92,701	(778,797)	(1,619,459)
Changes in operating assets and liabilities:
Accounts receivable	(512,283)	152,765	(326,737)
Inventories	(1,403,554)	(1,839,206)	44,985
Prepaid expenses and other current assets	(1,521)	(6,647)	(31,208)
Other non-current assets	6,236	142,326	(282)
Increase (decrease) in:
Accounts payable	849,104	782,951	(168,270)
Net due to related parties	(147,825)	345,679	18,116
Accrued expenses	52,832	(239,698)	517,856
Obligations to customers for returns and allowances	(70,419)	93,549	133,910
Net cash (used in) provided by operating activities	(1,105,948)	64,428	1,682,353
Cash flows from investing activities:
Purchase of property and equipment	(35,600)	(214,677)	(296,822)
Refund (deposit) of restricted cash	138,042	(138,042)	0
Net cash provided by (used in) investing activities	102,442	(352,719)	(296,822)
Cash flows from financing activities:
Payment of deferred financing costs	(222,231)	0	0
Payments on long-term capital lease	(12,076)	(10,606)	0
Net cash used in financing activities	(234,307)	(10,606)	0
Net change in cash	(1,237,813)	(298,897)	1,385,531
Cash at beginning of year	1,354,099	1,652,996	267,465
Cash at end of year	116,286	1,354,099	1,652,996
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	180,371	53,446	48,421
Cash paid for income taxes	0	13,348	3,988
Supplemental Disclosures of Non-cash Investing and Financing Activities:
Conversion of related party payables to note payable	1,100,000	0	0
Property and equipment purchased under capital lease	0	36,388	0
Crestmark Bank [Member]
Changes in operating assets and liabilities:
Due from Affiliates	19,638	(19,638)	0
PNC Bank [Member]
Changes in operating assets and liabilities:
Due from Affiliates	$ (137,415)	$ 0	$ 0

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFECIT) - USD ($)	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Balance at Mar. 31, 2012	$ (557,881)	$ 0	$ 379,607	$ 19,141,098	$ (20,078,586)
Balance (in shares) at Mar. 31, 2012		0	37,960,794
Net Income	3,140,935				3,140,935
Employee compensation-stock option	7,277			7,277
Director Fees	7,500		$ 682	6,818
Director Fees (in shares)			68,181
Balance at Mar. 31, 2013	2,597,831	$ 0	$ 380,289	19,155,193	(16,937,651)
Balance (in shares) at Mar. 31, 2013		0	38,028,975
Net Income	1,004,316				1,004,316
Employee compensation-stock option	99,851			99,851
Director Fees	7,500		$ 417	7,083
Director Fees (in shares)			41,667
Balance at Mar. 31, 2014	3,709,498		$ 380,706	19,262,127	(15,933,335)
Balance (in shares) at Mar. 31, 2014			38,070,642
Net Income	170,158				170,158
Employee compensation-stock option	38,808			38,808
Director Fees	7,500		$ 469	7,031
Director Fees (in shares)			46,875
Balance at Mar. 31, 2015	$ 3,925,964	$ 0	$ 381,175	$ 19,307,966	$ (15,763,177)
Balance (in shares) at Mar. 31, 2015		0	38,117,517

BASIS OF PRESENTATION

BASIS OF PRESENTATION	12 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Basis of Accounting [Text Block]	NOTE 1 - BASIS OF PRESENTATION OVERVIEW The Singing Machine Company, Inc., a Delaware corporation (the "Company," “SMC”, "The Singing Machine"), and wholly-owned subsidiaries SMC (Comercial Offshore De Macau) Limitada (“Macau Subsidiary”), SMC Logistics, Inc. (“SMC-L”) and SMC-Music, Inc. (“SMC-M”), are primarily engaged in the development, marketing, and sale of consumer karaoke audio equipment, accessories and musical recordings. The products are sold directly to distributors and retail customers. During the fiscal year ended March 31, 2015, our parent company, Starlight International Holdings Limited, was renamed to Shihua Development Company Limited (“Shihua”), due to a corporate restructuring transaction. As a result of the transaction, Shihua now holds 100 49 3 52

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying consolidated financial statements include the accounts of the Company, its Macau Subsidiary, SMC-L, and SMC-M. All inter-company accounts and transactions have been eliminated in consolidation for all periods presented. The Singing Machine makes estimates and assumptions in the ordinary course of business relating to sales returns and allowances, warranty reserves, inventory reserves and reserves for promotional incentives that affect the reported amounts of assets and liabilities and of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Future events and their effects cannot be determined with absolute certainty; therefore, the determination of estimates requires the exercise of judgment. Historically, past changes to these estimates have not had a material impact on the Company's financial condition. However, circumstances could change which may alter future expectations. The Singing Machine's allowance for doubtful accounts is based on management's estimates of the creditworthiness of its customers, current economic conditions and historical information, and, in the opinion of management, is believed to be in an amount sufficient to respond to normal business conditions. Management sets 100 The functional currency of the Macau Subsidiary is the Hong Kong dollar. The financial statements of the subsidiaries are translated to U.S. dollars using year-end rates of exchange for assets and liabilities, and average rates of exchange for the year for revenues, costs, and expenses. Net gains and losses resulting from foreign exchange transactions and translations were not material during the periods presented. At times, the Company maintains cash in United States bank accounts that are in excess of the Federal Deposit Insurance Corporation (“FDIC”) insured amounts of up to $ 250,000 0 964,282 23,794 277,859 Inventories are comprised primarily of electronic karaoke equipment, microphones and accessories, and are stated at the lower of cost or market, as determined using the first in, first out method. The Singing Machine reduces inventory on hand to its net realizable value on an item-by-item basis when it is apparent that the expected realizable value of an inventory item falls below its original cost. A charge to cost of sales results when the estimated net realizable value of specific inventory items declines below cost. Management regularly reviews the Company's investment in inventories for such declines in value. In accordance with FASB ASC 210, "Earnings per Share", basic net (loss) earnings per share are computed by dividing the net earnings (loss) for the year by the weighted average number of common shares outstanding. Diluted earnings per share is computed by dividing net earnings (loss) for the year by the weighted average number of common shares outstanding including the effect of common stock equivalents. For the fiscal year ended March 31, 2015 there were common stock equivalents to purchase 1,836,000 880,000 1,256,000 820,000 1,251,380 820,000 Revenue from the sale of equipment, accessories, musical recordings and subscriptions and third-party logistics services are recognized upon the later of: (a) the time of shipment or (b) when title passes to the customers and all significant contractual obligations and services have been satisfied and collection of the resulting receivable is reasonably assured. Net sales are comprised of gross sales net of actual and estimated future returns, discounts and volume rebates. The total returns represent 8.1 8.0 8.8 The Company follows the provisions of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 718-20, “Compensation – Stock Compensation Awards Classified as Equity”. ASC 718-20 requires all share-based payments to employees including grants of employee stock options, be measured at fair value and expensed in the consolidated statement of income over the service period (generally the vesting period). The Company uses the Black-Scholes option valuation model to value stock options. Employee stock option compensation expense in fiscal years 2015, 2014 and 2013 includes the estimated fair value of options granted, amortized on a straight-line basis over the requisite service period for the entire portion of the award. For the years ended March 31, 2015, 2014 and 2013, the stock option expense was $ 38,808 99,851 7,277 The fair value of each option grant was estimated on the date of the grant using the Black-Scholes option-pricing model with the assumptions outlined below. The expected volatility is based upon historical volatility of our stock and other contributing factors. The expected term is based upon observation of actual time elapsed between date of grant and exercise of options for all employees. Previously such assumptions were determined based on historical data. For the year ended March 31, 2015: expected dividend yield 0 0.26 142.9 For the year ended March 31, 2014: expected dividend yield 0 0.13 0.15 201.1 304.1 For the year ended March 31, 2013: expected dividend yield 0 0.14 304.7 Costs incurred for producing and publishing advertising of the Company are charged to operations the first time the advertising takes place. The Company has entered into cooperative advertising agreements with its major customers that specifically indicated that the customer has to spend the cooperative advertising fund upon the occurrence of mutually agreed events. The percentage of the cooperative advertising allowance ranges from 2 9 1,599,629 1,120,711 1,688,692 All research and development costs are charged to results of operations as incurred. These expenses are shown as a component of selling, general and administrative expenses in the consolidated statements of income. For the years ended March 31, 2015, 2014 and 2013, these amounts totaled $ 114,525 200,551 70,870 We have adopted FASB ASC 825, Financial Instruments, which requires disclosures of information about the fair value of certain financial instruments for which it is practicable to estimate that value. For purposes of this disclosure, the fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation. The carrying amounts of the Company's short-term financial instruments, including accounts receivable, accounts payable, obligations to clients for returns and allowances, warranty provision, accrued expenses and net due to related parties approximates fair value due to the relatively short period to maturity for these instruments. The Company follows the provisions of FASB ASC 740 "Accounting for Income Taxes." Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributed to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax base. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. If it is more likely than not that some portion of a deferred tax asset will not be realized, a valuation allowance is recognized. Prior to the fiscal year ended March 31, 2014, the Company recognized a valuation allowance against the entire amount of the deferred tax asset. The Company recognized a provision for income taxes of approximately $ 0.1 0.8 91,000 3.0 3.2 0.7 0.8 The Company also follows the provisions in FASB ASC 740, Accounting for Uncertainty in Income Taxes. ASC 740 defines a recognition threshold and measurement attribute for financial statement recognition and measurements of tax positions taken or expected to be taken in a tax return. As of March 31, 2015 this position did not result in any adjustment to the Company’s provision for income taxes. Additionally, in accordance with FASB ASC 710, the Company’s policy is to recognize interest or penalties related to income tax matters in the provision for income taxes. The Company currently has no liabilities recorded for accrued interest or penalties related to uncertain tax positions. As of March 31, 2015, the Company is subject to U.S. Federal income tax examinations for the tax years ended March 31, 2012 through March 31, 2015. The Company reviews long-lived assets for impairment whenever circumstances and situations change such that there is an indication that the carrying amounts may not be recoverable. If the undiscounted future cash flows attributable to the related assets are less than the carrying amount, the carrying amounts are reduced to fair value and an impairment loss is recognized in accordance with FASB ASC 360-10-05, "Accounting for the Impairment or Disposal of Long-Lived Assets." Property and equipment are stated at cost, less accumulated depreciation and amortization. Expenditures for repairs and maintenance are charged to expense as incurred. Depreciation is provided for in amounts sufficient to relate the cost of depreciable assets to their estimated useful lives using accelerated and straight-line methods. The Company had cash balances at March 31, 2015 of $ 116,286 1,492,141 138,042 131,068 Shipping and handling costs are classified as a component of selling expenses and those billed to customers are recorded as a reduction of expense in the consolidated statements of income. In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2014-09 which outlines a single comprehensive model for companies to use when accounting for revenue arising from contracts with customers. The core principle of the revenue recognition model is that an entity recognizes revenue to depict the transfer of goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In order to achieve this core principle a company must apply the following steps in determining revenue recognition: · Identify the contract(s) with a customer · Identify the performance obligations in the contract. · Determine the transaction price. · Allocate the transaction price to the performance obligations in the contract. · Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016 including interim periods within that reporting period with early application not allowed. Management is currently assessing whether the implementation of ASU 2014-09 will have any material effect on the company’s consolidated financial statements. In June 2014, the FASB issued ASU 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In January 2015, the FASB issued ASU 2015-01, Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs.

INVENTORIES

INVENTORIES	12 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	NOTE 3 - INVENTORIES March 31, March 31, 2015 2014 Finished Goods $ 7,869,167 $ 6,465,613 Less: Inventory Reserve 421,000 638,000 Total Inventories $ 7,448,167 $ 5,827,613 Inventory consigned to a distribution center at March 31, 2015 and March 31, 2014 was $ 0 353,201

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 4 - PROPERTY AND EQUIPMENT USEFUL March 31, March 31, LIFE 2015 2014 Computer and office equipment 5 years $ 285,650 $ 282,921 Furniture and fixtures 5-7 years 4,312 4,312 Warehouse equipment 7 years 224,106 224,106 Molds and tooling 3-5 years 2,357,133 2,324,120 2,871,201 2,835,459 Accumulated depreciation 2,404,630 2,274,234 Property and equipment, net $ 466,571 $ 561,225 Depreciation expense for fiscal years ended 2015, 2014, and 2013 was $ 130,254 168,138 110,267

DUE TO RELATED PARTIES, NET

DUE TO RELATED PARTIES, NET	12 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 5 – DUE TO RELATED PARTIES, NET As of March 31, 2015 the Company had $ 4,410,637 1,924,431 583,247 208,672 554,031 40,256 1,100,000 As of March 31, 2014 the Company had $ 4,925,982 1,924,431 1,683,247 1,051,913 194,678 71,713 367,520

OBLIGATIONS TO CLIENTS FOR RETU

OBLIGATIONS TO CLIENTS FOR RETURNS AND ALLOWANCES	12 Months Ended
	Mar. 31, 2015
Payables and Accruals [Abstract]
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE 6 - OBLIGATIONS TO CLIENTS FOR RETURNS AND ALLOWANCES Due to the seasonality of the business and length of time clients are given to return defective product, it is not uncommon for clients to accumulate credits from the Company’s sales and allowance programs that are in excess of unpaid invoices in accounts receivable. All credit balances in clients’ accounts receivable are reclassified to obligations to clients for returns and allowances in current liabilities on the Consolidated Balance Sheets. Client requests for payment of a credit balance are reclassified from obligations to clients for returns and allowances to accounts payable on the Consolidated Balance Sheets. When new invoices are processed prior to settlement of the credit balance and the client accepts settlement of open credits with new invoices, then the excess of new invoices over credits are netted in accounts receivable. As of the periods ended March 31, 2015 and March 31, 2014 obligations to clients for returns and allowances reclassified from accounts receivable were $ 399,419 469,838

LINE OF CREDIT

LINE OF CREDIT	12 Months Ended
	Mar. 31, 2015
Line of Credit Facility [Abstract]
Debt Disclosure [Text Block]	NOTE 7 – LINE OF CREDIT CRESTMARK BANK On October 19, 2012, the Company executed a two-year Accounts Receivable Ledgered Line of Credit Facility (“line of credit”) with Crestmark Bank (“Crestmark”) of Troy, Michigan which was terminated by SMC on July 15, 2014 and replaced by a revolving credit facility from PNC Bank National Association. Interest on the line of credit and discounting charges on accounts receivable advances was accrued at a rate of 2% per annum over the prime rate as published by the Wall Street Journal and at no time was the effective rate be less than 5.25% per annum. During the fiscal years ended March 31, 2015, 2014, and 2013 the Company incurred interest expense of $ 5,298 45,887 28,714 2,500,000 1,683,247 816,753 1 0 239,829 126,781 PNC BANK NATIONAL ASSOCIATION On July 14, 2014, the Company executed a three-year revolving credit facility (the “Revolving Credit Facility”) with PNC Bank, National Association (“PNC”) that replaced the existing line of credit agreement with Crestmark. The Revolving Credit Facility has a three year term expiring on July 14, 2017 15,000,000 7,500,000 · Up to 85% of the company’s eligible domestic and Canadian accounts receivable aged less than 60 days past due (not to exceed 90 days from invoice date, cross aged on the basis of 50% or more past due with certain specific accounts qualifying for up to 120 days from invoice date not to exceed 30 days from the due date; plus · Up to the lesser of (a) 50% of the cost of eligible inventory or (b) 75% of net orderly liquidation value percentage of eligible inventory (annual inventory appraisals required); minus · An all-time $500,000 block; minus · Applicable reserves including a dilution reserve equal to 125% of the Company’s advertising and return accrual reserves. Dilution reserve not to exceed availability generated from eligible accounts receivable. · Letters of Credit to be issued limited to $3,000,000. · Inventory availability limited to $4,000,000. · Mandatory pay-down to $1,000,000 (excluding letters of credit) for any 30 consecutive days between February 1 and April 30. · Fixed charge coverage ratio test of 1.1:1 times measured on a rolling four quarter basis, defined as EBITDA less non-financed capital expenditures, cash dividends and distributions paid and cash taxes paid divided by the sum of interest and principal on all indebtedness. · Capital expenditures limited to $150,000 per year. Interest on the Revolving Line of Credit is accrued at 2 3.5 2 163,017 0 0 13,283 0 0 The Revolving Line of Credit is secured by first priority security interests in all of the named borrowers’ tangible and intangible assets as well as first priority security interests of 100 65 2,500,000 222,000 52,471 0 0 As a condition of the Revolving Credit Facility, a portion of the Company’s related-party debt with Ram Light Management, Ltd. in the amount of $ 1,100,000 The Ram Light Note bears interest at 6% per annum with quarterly payments of $150,000 (including principal and interest) payable beginning December 31, 2014. The first scheduled principal and interest payment of $150,000 will only be permitted upon receipt of the Company’s quarterly compliance certificate; the Company having met the mandatory pay-down of the Revolving Credit Facility to $1,000,000 and average excess availability for the prior 30 days (after subtraction of third party trade payables 30 days or more past due) of no less than $1,000,000 after giving effect to the payment. 46,495 0 0

LONG-TERM CAPITAL LEASE

LONG-TERM CAPITAL LEASE	12 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	NOTE 8 – LONG-TERM CAPITAL LEASE On April 13, 2013, the company entered into a long-term capital leasing arrangement with Wells Fargo Equipment Finance (“Wells Fargo”) to finance the lease of two used forklift vehicles with a total purchase price of $ 38,952 36,388 1,082 36 4.5 13,706 25,782 March 31, 2015 March 31, 2014 Total minimum lease payments Within one year $ 12,984 $ 12,984 After one year but within 3 years 1,078 14,066 14,062 27,050 Interest payments relating to future periods (356) (1,268) Present Value of minimum lease payments $ 13,706 $ 25,782 For the fiscal years ended March 31, 2015 and March 31, 2014 the amount of interest related to the capital lease were $ 901 1,296

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 9 - COMMITMENTS AND CONTINGENCIES LEGAL MATTERS Management is currently not aware of any legal proceedings. OPERATING LEASES The Company has entered into various operating lease agreements for office and warehouse facilities in Fort Lauderdale, Florida, Ontario, California and Macau expiring at varying dates. Rent expense for the years ended March 31, 2015, 2014 and 2013 was $ 623,589 611,977 731,907 In addition, the Company maintains various warehouse equipment and office equipment operating leases. Operating Leases For fiscal year ending March 31, 2016 $ 549,479 2017 536,708 2018 487,672 2019 518,172 2020 524,272 2021 218,446 $ 2,834,749 The above property lease payments are gross payments which are not net of supplemental sublease fees we receive. During fiscal years 2015, 2014 and 2013 the Company received fees of approximately $ 0 56,000 56,000

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	12 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 10 - SHAREHOLDERS’ EQUITY COMMON STOCK ISSUANCES During the years ended March 31, 2015, 2014, and 2013, the Company issued the following common stock shares: 2015: On September 5, 2014 the Company issued 46,875 0.16 2014: On July 23, 2013 the Company issued 41,667 0.18 2013: On January 24, 2013 the Company issued 68,181 0.11 STOCK OPTIONS On June 1, 2001, the Board of Directors approved the 2001 Stock Option Plan (`Plan"), which replaced the 1994 Stock Option Plan, as amended. The Plan was developed to provide a means whereby directors and selected employees, officers, consultants, and advisors of the Company may be granted incentive or non-qualified stock options to purchase common stock of the Company. As of March 31, 2015, the Plan had expired and no shares were available to be issued nor were any additional shares issued from the plan in Fiscal 2015. The Company adopted ASC 713-10 for the reporting periods ending after June 15, 2005 and thereafter has recognized the fair value of the stock option as part of the selling, general and administration expense. Accordingly, no compensation cost has been recognized for options issued under the Plan in periods prior to June 15, 2005. Fiscal 2015 Fiscal 2014 Fiscal 2013 Number of Weighted Number of Weighted Number of Weighted Stock Options: Balance at beginning of period 1,896,000 $ 0.22 1,307,380 $ 0.22 1,251,380 $ 0.30 Granted 60,000 0.17 640,000 0.21 60,000 0.18 Exercised - - - - - - Forfeited (60,000) 0.76 (51,380) 1.38 (4,000) 9.00 Balance at end of period 1,896,000 $ 0.20 1,896,000 $ 0.21 1,307,380 $ 0.26 Options exercisable at end of period 1,836,000 $ 0.20 1,256,000 $ 0.22 1,247,380 $ 0.27 Range of Exercise Price Number Outstanding at Weighted Average Remaining Weighted Average Number Exercisable at Weighted Average $.03 - $.33 1,682,000 6.2 $ 0.14 1,622,000 $ 0.14 $.45 - $.93 214,000 2.7 $ 0.61 214,000 $ 0.61 1,896,000 1,836,000 Prior to April 1, 2005, in accordance with ASC 713-10, for options issued to employees, the Company applied the intrinsic value method. * Total number of options outstanding as of March 31, 2015 includes 180,000 580,000

INCOME TAXES

INCOME TAXES	12 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 11 - INCOME TAXES The Company files separate tax returns in the United States and in Macau. The Macau Subsidiary has received approval from the Macau government to operate its business as a Macau Offshore Company (MOC), and is exempt from the Macau income tax. For the fiscal years ended March 31, 2015, 2014, and 2013, the Macau Subsidiary recorded no tax provision. Due to the change of control of the Company, the net operating loss carry over is subject to the IRS Section 382 limitation. As of March 31, 2015, 2014 and 2013, The Singing Machine had net deferred tax assets before valuation allowances of approximately $ 3.0 3.2 3.2 0.7 0.8 1.6 2015 2014 2013 Income tax provision: Current: Federal $ - $ - $ - State - - - Total current Federal and State $ - $ - $ - Deferred: Federal $ 80,836 $ (675,447) $ (1,412,535) State 11,865 (103,350) (206,924) Total income tax provision (benefit) $ 92,701 $ (778,797) $ (1,619,459) 2015 2014 2013 United States $ 161,255 $ (62,095) $ 92,122 Foreign 101,604 287,614 1,429,354 $ 262,859 $ 225,519 $ 1,521,476 34 2015 2014 2013 Expected tax expense $ 89,372 $ 76,676 $ 517,302 State income taxes, net of Federal income tax benefit (97) 7,815 25,236 Permanent differences 7,507 8,374 5,421 Deemed Dividend 37,563 108,864 537,866 Change in valuation allowance (91,034) (820,040) (2,246,235) Tax rate differential on foreign earnings (39,272) (111,164) (537,866) Prior year adjustments 88,662 (49,322) 78,817 Actual tax provision (benefit) $ 92,701 $ (778,797) $ (1,619,459) e tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities are as follows: 2015 2014 2013 Deferred tax assets: Federal net operating loss carryforward $ 2,041,207 $ 2,076,141 $ 2,189,622 State net operating loss carryforward 318,830 413,401 413,849 AMT credit carryforward 52,004 36,808 36,808 Inventory differences 431,744 490,716 358,130 Allowance for doubtful accounts 67,305 66,658 67,849 Reserve for sales returns 76,482 90,895 81,082 Stock option compensation expense 74,716 59,713 - Stock warrants 39,194 39,193 - Accrued Vacation 9,183 10,241 9,839 Depreciation and amortization - - 81,739 Total deferred tax assets 3,110,665 3,283,766 3,238,918 Deferred tax liability: Depreciation (96,725) (86,091) - Net deferred tax assets before valuation allowance 3,013,940 3,197,675 3,238,918 Valuation allowance (708,385) (799,419) (1,619,459) Net deferred tax assets $ 2,305,555 $ 2,398,256 $ 1,619,459 Due to economic conditions prior to the fiscal year ended March 31, 2013, the Company believed that it was more likely than not that the benefit from the net deferred tax assets would not be realized, and established a valuation allowance on the deferred tax assets for the entire balance. During the fiscal year ended March 31, 2015 there was a reduction in the gross deferred tax assets of approximately $ 91,000 0 0.8 1.6 0.1 0.8 1.6 At March 31, 2015, the Company has federal tax net operating loss carry forwards in the amount of approximately $ 6.0 expire beginning in the year 2027 6.9 expire beginning in fiscal 2025 Fiscal Year of NOL NOL Expiration Federal State 2016 $ - $ - 2017 - - 2018 - - 2019 - - 2020 - - 2021 and beyond 6,003,550 6,853,392 $ 6,003,550 $ 6,853,392 The Company is no longer subject to income tax examinations for fiscal years before 2012.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 12 - SEGMENT INFORMATION 2015 2014 2013 North America $ 38,251,520 $ 31,379,629 $ 34,068,559 Europe 810,049 - 369,215 Australia 212,400 - - Others 34,312 - - $ 39,308,281 $ 31,379,629 $ 34,437,774 The geographic area of sales is based primarily on the location where the product is delivered.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Compensation and Employee Benefit Plans [Text Block]	The Company has a 401(k) plan for its employees to which the Company makes contributions at rates dependent on the level of each employee's contributions. Contributions made by the Company are limited to the maximum allowable for federal income tax purposes. The amounts charged to operations for contributions to this plan and administrative costs during the years ended March 31, 2015, 2014, and 2013 totaled $ 36,802 27,869 30,589

CONCENTRATIONS OF CREDIT RISK,

CONCENTRATIONS OF CREDIT RISK, CUSTOMERS, AND SUPPLIERS	12 Months Ended
	Mar. 31, 2015
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	NOTE 14 - CONCENTRATIONS OF CREDIT RISK, CUSTOMERS, AND SUPPLIERS The Company derives a majority of its revenues from retailers of products in the United States. Financial instruments, which potentially subject the Company to concentrations of credit risk, consist of accounts receivable. The Company's allowance for doubtful accounts is based upon management's estimates and historical experience and reflects the fact that accounts receivable are concentrated with several large customers whose credit worthiness have been evaluated by management. At March 31, 2015, 75 61 14 40 29 11 Revenues derived from five customers in 2015, 2014, and 2013 were 77 74 66 27 20 11 26 17 11 23 21 13 Net sales derived from the Macau Subsidiary aggregated $ 5.0 9.3 12.5 The Company is dependent upon foreign companies for the manufacture of all of its electronic products. The Company's arrangements with manufacturers are subject to the risk of doing business abroad, such as import duties, trade restrictions, work stoppages, foreign currency fluctuations, political instability, and other factors, which could have an adverse impact on its business. The Company believes that the loss of any one or more of their suppliers would not have a long-term material adverse effect because other manufacturers with whom the Company does business would be able to increase production to fulfill their requirements. However, the loss of certain suppliers in the short-term could adversely affect business until alternative supply arrangements are secured. During fiscal years 2015, 2014, and 2013, manufacturers in the People's Republic of China ("China") accounted for approximately 100

QUARTERLY FINANCIAL DATA - UNAU

QUARTERLY FINANCIAL DATA - UNAUDITED	12 Months Ended
	Mar. 31, 2015
Quarterly Financial Data [Abstract]
Quarterly Financial Information [Text Block]	NOTE 15 - QUARTERLY FINANCIAL DATA - UNAUDITED The following financial information reflects all normal recurring adjustments that are, in the opinion of management, necessary for a fair statement of the results of the interim periods. Basic Diluted Earnings Earnings Net Earnings (Loss) (Loss) Sales Gross Profit (Loss) Per Share Per Share (In tho usands) (In tho usands) (In tho usands) 2015 First quarter $ 2,545 $ 516 $ (500) $ (0.01) $ (0.01) Second quarter 15,952 3,162 321 0.01 0.01 Third quarter 18,086 4,052 1,034 0.03 0.03 Fourth quarter 2,725 581 (685) (0.02) (0.02) Fiscal Year 2015 $ 39,308 $ 8,311 $ 170 $ 0.00 $ 0.00 2014 First quarter $ 1,414 $ 301 $ (541) $ (0.01) $ (0.01) Second quarter 10,835 2,403 324 0.01 0.01 Third quarter 16,815 4,107 821 0.02 0.02 Fourth quarter 2,316 296 400 0.01 0.01 Fiscal Year 2014 $ 31,380 $ 7,107 $ 1,004 $ 0.03 $ 0.03 2013 First quarter $ 1,763 $ 444 $ (480) $ (0.01) $ (0.01) Second quarter 14,376 3,471 1,435 0.04 0.04 Third quarter 16,617 4,022 1,397 0.04 0.04 Fourth quarter 1,682 132 789 0.01 0.01 Fiscal Year 2013 $ 34,438 $ 8,069 $ 3,141 $ 0.08 $ 0.08

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure Excluding Due To Or From [Text Block]	NOTE 16 – RELATED PARTY TRANSACTIONS TRADE Approximately 20 20 During Fiscal 2015 and 2014 the Company sold approximately $ 285,000 1,861,000 16.5 14.8 During Fiscal 2015 and 2014 the Company received approximately $ 181,000 0 During Fiscal 2015 and 2014 we sold approximately $ 1,249,000 0 16.2 0 During Fiscal 2015 and 2014 we sold approximately $ 272,000 1,318,000 17.9 16.2 During Fiscal 2015 and 2014 we purchased products from Starlight Consumer Electronics USA, Inc, (“Starlight USA) an indirect wholly-owned subsidiary of the Shihua Group of approximately $ 1,640,000 8,012,000 6 4,000 0 In Fiscal 2015 and Fiscal 2014, the Company purchased products from Star Fair Electronics Co., Ltd., a related company, of approximately $ 0 873,000 In Fiscal 2015 and Fiscal 2014, the Company purchased products of approximately $ 4,626,000 0 49,000 2,000 6 18,000 0 During the fiscal years ended March 31, 2015 and 2014, we paid approximately $ 144,000 145,000 60,000 Effective April 1, 2014, SMC-L entered into a service and logistics agreement with Starlight Consumer Electronics (USA), Inc. (“Starlight USA”), an indirect wholly-owned subsidiary of Shihua), Cosmo and SLE to provide logistics, fulfillment, and warehousing services for Starlight USA, Cosmo, and SLE’s domestic sales. For these services, Starlight USA, Cosmo and SLE have agreed to reimburse the Company for actual warehouse space occupied by these companies at $ 8 141,000 0 Effective April 1, 2013, SMC-L entered into a service and logistics agreement with Starlight USA, Cosmo and SLE, to provide logistics, fulfillment, and warehousing services for Starlight USA, Cosmo and SLE’s domestic sales. For these services, Starlight USA, Cosmo and SLE have agreed to reimburse the Company for actual warehouse space occupied by these companies at $ 0.50 0 330,000 Subsequent to our fiscal year ended March 31, 2015, SMC-L renewed a service and logistics agreement with Starlight USA, Cosmo and SLE, to provide logistics, fulfillment, and warehousing services for Starlight USA, Cosmo and SLE’s domestic sales effective April 1, 2015. For these services, Starlight USA, Cosmo and SLE have agreed to reimburse the Company for actual warehouse space occupied by these companies at $ 0.096 100,000

WARRANTY PROVISIONS

WARRANTY PROVISIONS	12 Months Ended
	Mar. 31, 2015
Product Warranties Disclosures [Abstract]
Product Warranty Disclosure [Text Block]	NOTE 17 – WARRANTY PROVISIONS A return program for defective goods is negotiated with each of our wholesale customers on a year-to-year basis. Customers are either allowed to return defective goods within a specified period of time after shipment (between 6 and 9 months) or granted a “defective allowance” consisting of a fixed percentage (between 1% and 5%) off of invoice price in lieu of returning defective products. : Fiscal Year Ended March 31, March 31, 2015 2014 Estimated return and allowance liabilities at beginning of period $ 235,172 $ 215,471 Costs accrued for new estimated returns and allowances 892,051 826,577 Return and allowance obligations honored (929,350) (806,876) Estimated return and allowance liabilities at end of period $ 197,873 $ 235,172

SUBORDINATED RELATED PARTY DEBT

SUBORDINATED RELATED PARTY DEBT	12 Months Ended
	Mar. 31, 2015
Subordinated Related Party Debt [Abstract]
Subordinated Related Party Debt [Text Block]	NOTE 18 – SUBORDINATED RELATED PARTY DEBT On July 14, 2014, the Company executed the three-year Revolving Credit Facility with PNC Bank, National Association (“PNC”) that replaced the existing line of credit agreement with Crestmark Bank. In connection with the Revolving Credit Facility the Company was required to subordinate related party debt from and Starlight Marketing Development, Ltd. in the amount of $ 1,924,431 During the fiscal year ended March 31 2014 and in connection with the line of credit with Crestmark Bank the Company was required to subordinate related party debt from Ram Light Management, Ltd. in the amount of $ 1,683,247 816,753

SUPPLEMENTAL DATA SCHEDULE II

SUPPLEMENTAL DATA SCHEDULE II	12 Months Ended
	Mar. 31, 2015
Valuation and Qualifying Accounts [Abstract]
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	SUPPLEMENTAL DATA SCHEDULE II – Valuation and Qualifying Accounts Balance at Charged to Reduction to Credited to Balance at Beginning of Costs and Allowance for Costs and End of Description Period Expenses Write off Expenses Period Year ended March 31, 2015 Reserves deducted from assets to which they apply: Allowance for doubtful accounts $ 172,465 $ 43,243 $ (40,291) $ (1,286) $ 174,131 Deferred tax valuation allowance $ 799,419 $ - $ (91,034) $ - $ 708,385 Inventory reserve $ 638,000 $ 250,000 $ (467,000) $ - $ 421,000 Year ended March 31, 2014 Reserves deducted from assets to which they apply: Allowance for doubtful accounts $ 180,306 $ - $ (15,807) $ 7,966 $ 172,465 Deferred tax valuation allowance $ 1,619,459 $ - $ (820,040) $ - $ 799,419 Inventory reserve $ 503,000 $ 160,000 $ (25,000) $ - $ 638,000 Year ended March 31, 2013 Reserves deducted from assets to which they apply: Allowance for doubtful accounts $ 168,554 $ - $ (8,248) $ 20,000 $ 180,306 Deferred tax valuation allowance $ 3,865,695 $ (626,777) $ (1,619,459) $ - $ 1,619,459 Inventory reserve $ 663,000 $ 104,175 $ (264,175) $ - $ 503,000

SUMMARY OF SIGNIFICANT ACCOUN26

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	PRINCIPLES OF CONSOLIDATION The accompanying consolidated financial statements include the accounts of the Company, its Macau Subsidiary, SMC-L, and SMC-M. All inter-company accounts and transactions have been eliminated in consolidation for all periods presented.
Use of Estimates, Policy [Policy Text Block]	USE OF ESTIMATES The Singing Machine makes estimates and assumptions in the ordinary course of business relating to sales returns and allowances, warranty reserves, inventory reserves and reserves for promotional incentives that affect the reported amounts of assets and liabilities and of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Future events and their effects cannot be determined with absolute certainty; therefore, the determination of estimates requires the exercise of judgment. Historically, past changes to these estimates have not had a material impact on the Company's financial condition. However, circumstances could change which may alter future expectations.
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	COLLECTIBILITY OF ACCOUNTS RECEIVABLE The Singing Machine's allowance for doubtful accounts is based on management's estimates of the creditworthiness of its customers, current economic conditions and historical information, and, in the opinion of management, is believed to be in an amount sufficient to respond to normal business conditions. Management sets 100
Foreign Currency Transactions and Translations Policy [Policy Text Block]	FOREIGN CURRENCY TRANSLATION The functional currency of the Macau Subsidiary is the Hong Kong dollar. The financial statements of the subsidiaries are translated to U.S. dollars using year-end rates of exchange for assets and liabilities, and average rates of exchange for the year for revenues, costs, and expenses. Net gains and losses resulting from foreign exchange transactions and translations were not material during the periods presented.
Concentration of Credit Risk [Policy Text Block]	Concentration of Credit Risk At times, the Company maintains cash in United States bank accounts that are in excess of the Federal Deposit Insurance Corporation (“FDIC”) insured amounts of up to $ 250,000 0 964,282 23,794 277,859
Inventory, Policy [Policy Text Block]	INVENTORY Inventories are comprised primarily of electronic karaoke equipment, microphones and accessories, and are stated at the lower of cost or market, as determined using the first in, first out method. The Singing Machine reduces inventory on hand to its net realizable value on an item-by-item basis when it is apparent that the expected realizable value of an inventory item falls below its original cost. A charge to cost of sales results when the estimated net realizable value of specific inventory items declines below cost. Management regularly reviews the Company's investment in inventories for such declines in value.
Earnings Per Share, Policy [Policy Text Block]	COMPUTATION OF EARNINGS PER SHARE In accordance with FASB ASC 210, "Earnings per Share", basic net (loss) earnings per share are computed by dividing the net earnings (loss) for the year by the weighted average number of common shares outstanding. Diluted earnings per share is computed by dividing net earnings (loss) for the year by the weighted average number of common shares outstanding including the effect of common stock equivalents. For the fiscal year ended March 31, 2015 there were common stock equivalents to purchase 1,836,000 880,000 1,256,000 820,000 1,251,380 820,000
Revenue Recognition, Policy [Policy Text Block]	REVENUE RECOGNITION Revenue from the sale of equipment, accessories, musical recordings and subscriptions and third-party logistics services are recognized upon the later of: (a) the time of shipment or (b) when title passes to the customers and all significant contractual obligations and services have been satisfied and collection of the resulting receivable is reasonably assured. Net sales are comprised of gross sales net of actual and estimated future returns, discounts and volume rebates. The total returns represent 8.1 8.0 8.8
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	STOCK BASED COMPENSATION The Company follows the provisions of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 718-20, “Compensation – Stock Compensation Awards Classified as Equity”. ASC 718-20 requires all share-based payments to employees including grants of employee stock options, be measured at fair value and expensed in the consolidated statement of income over the service period (generally the vesting period). The Company uses the Black-Scholes option valuation model to value stock options. Employee stock option compensation expense in fiscal years 2015, 2014 and 2013 includes the estimated fair value of options granted, amortized on a straight-line basis over the requisite service period for the entire portion of the award. For the years ended March 31, 2015, 2014 and 2013, the stock option expense was $ 38,808 99,851 7,277 The fair value of each option grant was estimated on the date of the grant using the Black-Scholes option-pricing model with the assumptions outlined below. The expected volatility is based upon historical volatility of our stock and other contributing factors. The expected term is based upon observation of actual time elapsed between date of grant and exercise of options for all employees. Previously such assumptions were determined based on historical data. For the year ended March 31, 2015: expected dividend yield 0 0.26 142.9 For the year ended March 31, 2014: expected dividend yield 0 0.13 0.15 201.1 304.1 For the year ended March 31, 2013: expected dividend yield 0 0.14 304.7
Advertising Costs, Policy [Policy Text Block]	ADVERTISING Costs incurred for producing and publishing advertising of the Company are charged to operations the first time the advertising takes place. The Company has entered into cooperative advertising agreements with its major customers that specifically indicated that the customer has to spend the cooperative advertising fund upon the occurrence of mutually agreed events. The percentage of the cooperative advertising allowance ranges from 2 9 1,599,629 1,120,711 1,688,692
Research and Development Expense, Policy [Policy Text Block]	RESEARCH AND DEVELOPMENT COSTS All research and development costs are charged to results of operations as incurred. These expenses are shown as a component of selling, general and administrative expenses in the consolidated statements of income. For the years ended March 31, 2015, 2014 and 2013, these amounts totaled $ 114,525 200,551 70,870
Fair Value of Financial Instruments, Policy [Policy Text Block]	FAIR VALUE OF FINANCIAL INSTRUMENTS We have adopted FASB ASC 825, Financial Instruments, which requires disclosures of information about the fair value of certain financial instruments for which it is practicable to estimate that value. For purposes of this disclosure, the fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation. The carrying amounts of the Company's short-term financial instruments, including accounts receivable, accounts payable, obligations to clients for returns and allowances, warranty provision, accrued expenses and net due to related parties approximates fair value due to the relatively short period to maturity for these instruments.
Income Tax, Policy [Policy Text Block]	The Company follows the provisions of FASB ASC 740 "Accounting for Income Taxes." Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributed to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax base. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. If it is more likely than not that some portion of a deferred tax asset will not be realized, a valuation allowance is recognized. Prior to the fiscal year ended March 31, 2014, the Company recognized a valuation allowance against the entire amount of the deferred tax asset. The Company recognized a provision for income taxes of approximately $ 0.1 0.8 91,000 3.0 3.2 0.7 0.8 The Company also follows the provisions in FASB ASC 740, Accounting for Uncertainty in Income Taxes. ASC 740 defines a recognition threshold and measurement attribute for financial statement recognition and measurements of tax positions taken or expected to be taken in a tax return. As of March 31, 2015 this position did not result in any adjustment to the Company’s provision for income taxes. Additionally, in accordance with FASB ASC 710, the Company’s policy is to recognize interest or penalties related to income tax matters in the provision for income taxes. The Company currently has no liabilities recorded for accrued interest or penalties related to uncertain tax positions. As of March 31, 2015, the Company is subject to U.S. Federal income tax examinations for the tax years ended March 31, 2012 through March 31, 2015.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	LONG-LIVED ASSETS The Company reviews long-lived assets for impairment whenever circumstances and situations change such that there is an indication that the carrying amounts may not be recoverable. If the undiscounted future cash flows attributable to the related assets are less than the carrying amount, the carrying amounts are reduced to fair value and an impairment loss is recognized in accordance with FASB ASC 360-10-05, "Accounting for the Impairment or Disposal of Long-Lived Assets."
Property, Plant and Equipment, Policy [Policy Text Block]	PROPERTY AND EQUIPMENT Property and equipment are stated at cost, less accumulated depreciation and amortization. Expenditures for repairs and maintenance are charged to expense as incurred. Depreciation is provided for in amounts sufficient to relate the cost of depreciable assets to their estimated useful lives using accelerated and straight-line methods.
Cash and Cash Equivalents, Policy [Policy Text Block]	CASH The Company had cash balances at March 31, 2015 of $ 116,286 1,492,141 138,042 131,068
Shipping and Handling Cost, Policy [Policy Text Block]	SHIPPING AND HANDLING COSTS Shipping and handling costs are classified as a component of selling expenses and those billed to customers are recorded as a reduction of expense in the consolidated statements of income.
Recent Accounting Pronouncements [Policy Text Block]	In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2014-09 which outlines a single comprehensive model for companies to use when accounting for revenue arising from contracts with customers. The core principle of the revenue recognition model is that an entity recognizes revenue to depict the transfer of goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In order to achieve this core principle a company must apply the following steps in determining revenue recognition: · Identify the contract(s) with a customer · Identify the performance obligations in the contract. · Determine the transaction price. · Allocate the transaction price to the performance obligations in the contract. · Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016 including interim periods within that reporting period with early application not allowed. Management is currently assessing whether the implementation of ASU 2014-09 will have any material effect on the company’s consolidated financial statements. In June 2014, the FASB issued ASU 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In January 2015, the FASB issued ASU 2015-01, Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs.

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories are comprised of the following components: March 31, March 31, 2015 2014 Finished Goods $ 7,869,167 $ 6,465,613 Less: Inventory Reserve 421,000 638,000 Total Inventories $ 7,448,167 $ 5,827,613

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	A USEFUL March 31, March 31, LIFE 2015 2014 Computer and office equipment 5 years $ 285,650 $ 282,921 Furniture and fixtures 5-7 years 4,312 4,312 Warehouse equipment 7 years 224,106 224,106 Molds and tooling 3-5 years 2,357,133 2,324,120 2,871,201 2,835,459 Accumulated depreciation 2,404,630 2,274,234 Property and equipment, net $ 466,571 $ 561,225

LONG-TERM CAPITAL LEASE (Tables

LONG-TERM CAPITAL LEASE (Tables)	12 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	As of March 31, 2015 and March 31, 2014, the Company had obligations under the capital lease repayable as follows: March 31, 2015 March 31, 2014 Total minimum lease payments Within one year $ 12,984 $ 12,984 After one year but within 3 years 1,078 14,066 14,062 27,050 Interest payments relating to future periods (356) (1,268) Present Value of minimum lease payments $ 13,706 $ 25,782

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Future minimum lease payments under property and equipment leases with terms exceeding one year as of March 31, 2015 are as follows: Operating Leases For fiscal year ending March 31, 2016 $ 549,479 2017 536,708 2018 487,672 2019 518,172 2020 524,272 2021 218,446 $ 2,834,749

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	12 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Fiscal 2015 Fiscal 2014 Fiscal 2013 Number of Weighted Number of Weighted Number of Weighted Stock Options: Balance at beginning of period 1,896,000 $ 0.22 1,307,380 $ 0.22 1,251,380 $ 0.30 Granted 60,000 0.17 640,000 0.21 60,000 0.18 Exercised - - - - - - Forfeited (60,000) 0.76 (51,380) 1.38 (4,000) 9.00 Balance at end of period 1,896,000 $ 0.20 1,896,000 $ 0.21 1,307,380 $ 0.26 Options exercisable at end of period 1,836,000 $ 0.20 1,256,000 $ 0.22 1,247,380 $ 0.27
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	The following table summarizes information about employee stock options outstanding at March 31, 2015: Range of Exercise Price Number Outstanding at Weighted Average Remaining Weighted Average Number Exercisable at Weighted Average $.03 - $.33 1,682,000 6.2 $ 0.14 1,622,000 $ 0.14 $.45 - $.93 214,000 2.7 $ 0.61 214,000 $ 0.61 1,896,000 1,836,000 Prior to April 1, 2005, in accordance with ASC 713-10, for options issued to employees, the Company applied the intrinsic value method. * Total number of options outstanding as of March 31, 2015 includes 180,000 580,000

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The income tax provision (benefit) for federal, foreign, and state income taxes in the consolidated statements of income consisted of the following components for 2015, 2014 and 2013: 2015 2014 2013 Income tax provision: Current: Federal $ - $ - $ - State - - - Total current Federal and State $ - $ - $ - Deferred: Federal $ 80,836 $ (675,447) $ (1,412,535) State 11,865 (103,350) (206,924) Total income tax provision (benefit) $ 92,701 $ (778,797) $ (1,619,459)
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	The United States and foreign components of income (loss) before income taxes are as follows: 2015 2014 2013 United States $ 161,255 $ (62,095) $ 92,122 Foreign 101,604 287,614 1,429,354 $ 262,859 $ 225,519 $ 1,521,476
Schedule Of Difference Between Actual Tax Expenses And Expected Tax Expenses [Table Text Block]	The actual tax expense differs from the "expected" tax expense for the years ended March 31, 2015, 2014 and 2013 (computed by applying the U.S. Federal Corporate tax rate of 34 2015 2014 2013 Expected tax expense $ 89,372 $ 76,676 $ 517,302 State income taxes, net of Federal income tax benefit (97) 7,815 25,236 Permanent differences 7,507 8,374 5,421 Deemed Dividend 37,563 108,864 537,866 Change in valuation allowance (91,034) (820,040) (2,246,235) Tax rate differential on foreign earnings (39,272) (111,164) (537,866) Prior year adjustments 88,662 (49,322) 78,817 Actual tax provision (benefit) $ 92,701 $ (778,797) $ (1,619,459)
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Th e tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities are as follows: 2015 2014 2013 Deferred tax assets: Federal net operating loss carryforward $ 2,041,207 $ 2,076,141 $ 2,189,622 State net operating loss carryforward 318,830 413,401 413,849 AMT credit carryforward 52,004 36,808 36,808 Inventory differences 431,744 490,716 358,130 Allowance for doubtful accounts 67,305 66,658 67,849 Reserve for sales returns 76,482 90,895 81,082 Stock option compensation expense 74,716 59,713 - Stock warrants 39,194 39,193 - Accrued Vacation 9,183 10,241 9,839 Depreciation and amortization - - 81,739 Total deferred tax assets 3,110,665 3,283,766 3,238,918 Deferred tax liability: Depreciation (96,725) (86,091) - Net deferred tax assets before valuation allowance 3,013,940 3,197,675 3,238,918 Valuation allowance (708,385) (799,419) (1,619,459) Net deferred tax assets $ 2,305,555 $ 2,398,256 $ 1,619,459
Summary of Operating Loss Carryforwards [Table Text Block]	Net operating loss carry forward amounts and their year of expiration are as follows: Fiscal Year of NOL NOL Expiration Federal State 2016 $ - $ - 2017 - - 2018 - - 2019 - - 2020 - - 2021 and beyond 6,003,550 6,853,392 $ 6,003,550 $ 6,853,392

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	The Company operates in one segment and maintains its records accordingly. The majority of sales to customers outside of the United States are made by the Macau Subsidiary until its date of sale. 2015 2014 2013 North America $ 38,251,520 $ 31,379,629 $ 34,068,559 Europe 810,049 - 369,215 Australia 212,400 - - Others 34,312 - - $ 39,308,281 $ 31,379,629 $ 34,437,774

QUARTERLY FINANCIAL DATA - UN34

QUARTERLY FINANCIAL DATA - UNAUDITED (Tables)	12 Months Ended
	Mar. 31, 2015
Quarterly Financial Data [Abstract]
Schedule of Quarterly Financial Information [Table Text Block]	Basic Diluted Earnings Earnings Net Earnings (Loss) (Loss) Sales Gross Profit (Loss) Per Share Per Share (In tho usands) (In tho usands) (In tho usands) 2015 First quarter $ 2,545 $ 516 $ (500) $ (0.01) $ (0.01) Second quarter 15,952 3,162 321 0.01 0.01 Third quarter 18,086 4,052 1,034 0.03 0.03 Fourth quarter 2,725 581 (685) (0.02) (0.02) Fiscal Year 2015 $ 39,308 $ 8,311 $ 170 $ 0.00 $ 0.00 2014 First quarter $ 1,414 $ 301 $ (541) $ (0.01) $ (0.01) Second quarter 10,835 2,403 324 0.01 0.01 Third quarter 16,815 4,107 821 0.02 0.02 Fourth quarter 2,316 296 400 0.01 0.01 Fiscal Year 2014 $ 31,380 $ 7,107 $ 1,004 $ 0.03 $ 0.03 2013 First quarter $ 1,763 $ 444 $ (480) $ (0.01) $ (0.01) Second quarter 14,376 3,471 1,435 0.04 0.04 Third quarter 16,617 4,022 1,397 0.04 0.04 Fourth quarter 1,682 132 789 0.01 0.01 Fiscal Year 2013 $ 34,438 $ 8,069 $ 3,141 $ 0.08 $ 0.08

WARRANTY PROVISIONS (Tables)

WARRANTY PROVISIONS (Tables)	12 Months Ended
	Mar. 31, 2015
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability [Table Text Block]	Changes in the Company’s obligations for return and allowance programs are presented in the following table : Fiscal Year Ended March 31, March 31, 2015 2014 Estimated return and allowance liabilities at beginning of period $ 235,172 $ 215,471 Costs accrued for new estimated returns and allowances 892,051 826,577 Return and allowance obligations honored (929,350) (806,876) Estimated return and allowance liabilities at end of period $ 197,873 $ 235,172

BASIS OF PRESENTATION (Details

BASIS OF PRESENTATION (Details Textual)	Mar. 31, 2015
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	100.00%
Shihua [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	52.00%
koncepts [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	49.00%
Treasure Green [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	3.00%

SUMMARY OF SIGNIFICANT ACCOUN37

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Accounting Policies [Line Items]
Percentage Of Reserves For Customers	100.00%
Exceeded Cash Deposits In FDIC Insurance Limit	$ 0	$ 964,282
Restricted Cash and Cash Equivalents, Current		138,042
Concentration Risk Credit Risk Cash Balance in Foreign Financial Institutions	$ 23,794	$ 277,859
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	880,000	820,000	820,000
Stock or Unit Option Plan Expense	$ 38,808	$ 99,851	$ 7,277
Cooperative Advertising Allowance Minimum Percentage (in percentage)	2.00%
Cooperative Advertising Allowance Maximum Percentage (in percentage)	9.00%
Advertising Expense	$ 1,599,629	1,120,711	1,688,692
Research and Development Expense	$ 114,525	$ 200,551	$ 70,870
Concentration Risk, Percentage	8.10%	8.00%	8.80%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%	0.00%	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum		0.13%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum		0.15%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	142.90%		304.70%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum		201.10%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum		304.10%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.26%		0.14%
Deferred Tax Assets, Valuation Allowance	$ 708,385	$ 799,419	$ 1,619,459
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	3 years	3 years	1 year
Letter Of Credit		$ 131,068
Cash	$ 116,286	1,354,099	$ 1,652,996	$ 267,465
Deferred Income Tax Asset Liability Net	3,013,940	3,197,675	3,238,918
Income Tax Expense (Benefit)	92,701	$ (778,797)	$ (1,619,459)
Deferred Tax Asset Decrease, Amount	$ 91,000
Common Stock [Member]
Accounting Policies [Line Items]
Weighted Average Number Diluted Shares Outstanding Adjustment	1,836,000	1,256,000	1,251,380
United States Bank [Member]
Accounting Policies [Line Items]
Cash, FDIC Insured Amount	$ 250,000

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Mar. 31, 2015	Mar. 31, 2014
Inventory [Line Items]
Finished Goods	$ 7,869,167	$ 6,465,613
Less: Inventory Reserve	421,000	638,000
Total Inventories	$ 7,448,167	$ 5,827,613

INVENTORIES (Details Textual)

INVENTORIES (Details Textual) - USD ($)	Mar. 31, 2015	Mar. 31, 2014
Inventory [Line Items]
Other Inventory, Materials, Supplies and Merchandise under Consignment	$ 0	$ 353,201

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 2,871,201	$ 2,835,459
Accumulated depreciation	2,404,630	2,274,234
Property and equipment, net	466,571	561,225
Computer and Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 285,650	282,921
Average useful life (in years)	5 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 4,312	4,312
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Average useful life (in years)	5 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Average useful life (in years)	7 years
Warehouse Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 224,106	224,106
Average useful life (in years)	7 years
Molds and tooling [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 2,357,133	$ 2,324,120
Molds and tooling [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Average useful life (in years)	3 years
Molds and tooling [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Average useful life (in years)	5 years

PROPERTY AND EQUIPMENT (Detai41

PROPERTY AND EQUIPMENT (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Property, Plant and Equipment [Line Items]
Depreciation	$ 130,254	$ 168,138	$ 110,267

DUE TO RELATED PARTIES, NET (De

DUE TO RELATED PARTIES, NET (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Related Party Transaction [Line Items]
Debt Conversion, Original Debt, Amount	$ 1,100,000	$ 0	$ 0
Karaoke Hardware [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current	4,410,637	4,925,982
Starlight Marketing Development, Ltd [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current	0	1,107,678
Ram Light Management, Ltd [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current	583,247	0
Debt Conversion, Original Debt, Amount	1,100,000
Starlight Consumer Electronics Co Ltd [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current	208,672	1,051,913
Starlight R and D, Ltd [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current	554,031	194,678
Other Starlight Group Companies [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current	0	3,534
Shihua Group [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current	$ 40,256	71,713
Due From Related Parties, Current		$ 367,520

OBLIGATIONS TO CLIENTS FOR RE43

OBLIGATIONS TO CLIENTS FOR RETURNS AND ALLOWANCES (Details Textual) - USD ($)	Mar. 31, 2015	Mar. 31, 2014
Obligations To Clients For Returns And Allowances [Line Items]
Customer Refund Liability, Current	$ 399,419	$ 469,838
Accounts Receivable [Member]
Obligations To Clients For Returns And Allowances [Line Items]
Customer Refund Liability, Current	$ 399,419	$ 469,838

LINE OF CREDIT (Details Textual

LINE OF CREDIT (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Line of Credit Facility [Line Items]
Line of Credit Facility, Increase, Accrued Interest	$ 5,298	$ 45,887	$ 28,714
Percentage Of Factoring Fees	1.00%
Line Of Credit Commission Expenses	$ 0	239,829	126,781
Line Of Credit Facility Sub Limits Description	The Revolving Credit Facility includes the following sub-limits:·Letters of Credit to be issued limited to $3,000,000.·Inventory availability limited to $4,000,000.·Mandatory pay-down to $1,000,000 (excluding letters of credit) for any 30 consecutive days between February 1 and April 30.
Line of Credit Facility, Description	Usage under the Revolving Credit Facility shall not exceed the sum of the following (the Borrowing Base): Up to 85% of the companys eligible domestic and Canadian accounts receivable aged less than 60 days past due (not to exceed 90 days from invoice date, cross aged on the basis of 50% or more past due with certain specific accounts qualifying for up to 120 days from invoice date not to exceed 30 days from the due date; plus Up to the lesser of (a) 50% of the cost of eligible inventory or (b) 75% of net orderly liquidation value percentage of eligible inventory (annual inventory appraisals required); minus An all-time $500,000 block; minus Applicable reserves including a dilution reserve equal to 125% of the Companys advertising and return accrual reserves. Dilution reserve not to exceed availability generated from eligible accounts receivable.
Line of Credit Facility, Interest Rate Description	Interest on the line of credit and discounting charges on accounts receivable advances was accrued at a rate of 2% per annum over the prime rate as published by the Wall Street Journal and at no time was the effective rate be less than 5.25% per annum.
Interest Expense, Borrowings	$ 163,017	0	0
Amortization of Financing Costs	$ 52,471	0	0
Unused lines of Credit [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.375%
Line of Credit Facility, Commitment Fee Amount	$ 13,283	0	0
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate During Period	2.00%
Line of Credit Facility, Covenant Terms	The Revolving Credit Facility must comply with the following quarterly financial covenants to avoid default: Fixed charge coverage ratio test of 1.1:1 times measured on a rolling four quarter basis, defined as EBITDA less non-financed capital expenditures, cash dividends and distributions paid and cash taxes paid divided by the sum of interest and principal on all indebtedness. Capital expenditures limited to $150,000 per year.
Debt Instrument, Maturity Date	Jul. 14, 2017
Debt Instrument, Term	360 days
Line Of Credit Facility Default Rate	2.00%
Debt Instrument, Basis Spread on Variable Rate	3.50%
First Priority Security Ownership Interest Percentage	100.00%
First Priority Lien Percentage	65.00%
Ram Light Management, Ltd., [Member]
Line of Credit Facility [Line Items]
Due to Related Parties	$ 1,683,247
Debt Instrument, Payment Terms	The Ram Light Note bears interest at 6% per annum with quarterly payments of $150,000 (including principal and interest) payable beginning December 31, 2014. The first scheduled principal and interest payment of $150,000 will only be permitted upon receipt of the Companys quarterly compliance certificate; the Company having met the mandatory pay-down of the Revolving Credit Facility to $1,000,000 and average excess availability for the prior 30 days (after subtraction of third party trade payables 30 days or more past due) of no less than $1,000,000 after giving effect to the payment.
Conversion Of Related Party Debt	$ 1,100,000
Starlight Marketing Development, Ltd [Member]
Line of Credit Facility [Line Items]
Due to Related Parties	816,753
Starlight Marketing Development, Ltd [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Collateral Amount	2,500,000
Debt Instrument, Collateral Fee	222,000
Related Party [Member]
Line of Credit Facility [Line Items]
Due to Related Parties	2,500,000
Ram Light Note [Member]
Line of Credit Facility [Line Items]
Interest Expense, Related Party	46,495	$ 0	$ 0
Peak Selling Season Between August 1 And December 31 [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Amount Outstanding During Period	15,000,000
Peak Selling Season Between January 1 And July 31 [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Amount Outstanding During Period	$ 7,500,000

LONG-TERM CAPITAL LEASE (Detail

LONG-TERM CAPITAL LEASE (Details) - USD ($)	Mar. 31, 2015	Mar. 31, 2014
Total minimum lease payments
Within one year	$ 12,984	$ 12,984
After one year but within 3 years	1,078	14,066
Minimum Lease Payments, Sale Leaseback Transactions, Total	14,062	27,050
Interest payments relating to future periods	(356)	(1,268)
Present Value of minimum lease payments	$ 13,706	$ 25,782

LONG-TERM CAPITAL LEASE (Deta46

LONG-TERM CAPITAL LEASE (Details Textual) - USD ($)	Apr. 13, 2013	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Long Term Capital Lease [Line Items]
Capital Lease Obligations Incurred		$ 0	$ 36,388	$ 0
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments, Total		13,706	25,782
Interest Expense, Lessee, Assets under Capital Lease		901	1,296
Wells Fargo Equipment Finance [Member]
Long Term Capital Lease [Line Items]
Long-term Debt and Capital Lease Obligations, Total	$ 38,952
Capital Lease Obligations Incurred	36,388
Monthly Lease Payments	$ 1,082
Lease term	36 months
Long Term Capital Lease Interest Rate	4.50%
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments, Total		$ 13,706	$ 25,782

COMMITMENTS AND CONTINGENCIES47

COMMITMENTS AND CONTINGENCIES (Details)	Mar. 31, 2015USD ($)
Commitments And Contingencies [Line Items]
2,016	$ 549,479
2,017	536,708
2,018	487,672
2,019	518,172
2,020	524,272
2,021	218,446
Operating Leases, Future Minimum Payments Due	$ 2,834,749

COMMITMENTS AND CONTINGENCIES48

COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Commitments And Contingencies [Line Items]
Operating Leases, Rent Expense, Net	$ 623,589	$ 611,977	$ 731,907
Operating Leases, Rent Expense, Sublease Rentals	$ 0	$ 56,000	$ 56,000

SHAREHOLDERS' EQUITY (Details)

SHAREHOLDERS' EQUITY (Details) - $ / shares	12 Months Ended
	Mar. 31, 2015		Mar. 31, 2014	Mar. 31, 2013
Share-based Compensation, Stock Options, Activity [Line Items]
Number of Options Balance at beginning of period	1,896,000		1,307,380	1,251,380
Number of Options Granted	60,000		640,000	60,000
Number of Options Exercised	0		0	0
Number of Options Forfeied	(60,000)		(51,380)	(4,000)
Number of Options Balance at end of period	1,896,000	[1]	1,896,000	1,307,380
Weighted Average Exercise Price Balance at beginning of period	$ 0.22		$ 0.22	$ 0.3
Weighted Average Exercise Price Granted	0.17		0.21	0.18
Weighted Average Exercise Price Exercised	0		0	0
Weighted Average Exercise Price Forfeited	0.76		1.38	9
Weighted Average Exercise Price Balance at end of period	0.2		0.22	0.22
Weighted Average Exercise Price Options exercisable at end of period	$ 0.2		$ 0.22	$ 0.27
Options exercisable at end of period	1,836,000		1,256,000	1,247,380
[1]	Total number of options outstanding as of March 31, 2015 includes 180,000 options issued on March 31, 2015, 2014 and 2013 to three directors as compensation and 580,000 options issue to key employees on July 1, 2013 that were not issued from the Plan.

SHAREHOLDERS' EQUITY (Details 1

SHAREHOLDERS' EQUITY (Details 1) - $ / shares		12 Months Ended
		Mar. 31, 2015		Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2012
Share-based Compensation, Stock Options, Activity [Line Items]
Stock Options Number Outstanding		1,896,000	[1]	1,896,000	1,307,380	1,251,380
Stock Option Outstanding Number Exercisable	[1]	1,836,000
Stock Option One [Member]
Share-based Compensation, Stock Options, Activity [Line Items]
Stock Options Number Outstanding		1,682,000
Stock Option Outstanding Weighted Average Remaining Contractural Life		6 years 2 months 12 days
Stock Option Outstanding Weighted Average Exercise Price		$ 0.14
Stock Option Outstanding Number Exercisable		1,622,000
Stock Option Outstanding Weighted Average Exercise Price		$ 0.14
Stock Option One [Member] | Minimum [Member]
Share-based Compensation, Stock Options, Activity [Line Items]
Stock Options Outstanding Range of Exercise Price		0.03
Stock Option One [Member] | Maximum [Member]
Share-based Compensation, Stock Options, Activity [Line Items]
Stock Options Outstanding Range of Exercise Price		$ 0.33
Stock Option Two [Member]
Share-based Compensation, Stock Options, Activity [Line Items]
Stock Options Number Outstanding		214,000
Stock Option Outstanding Weighted Average Remaining Contractural Life		2 years 8 months 12 days
Stock Option Outstanding Weighted Average Exercise Price		$ 0.61
Stock Option Outstanding Number Exercisable		214,000
Stock Option Outstanding Weighted Average Exercise Price		$ 0.61
Stock Option Two [Member] | Minimum [Member]
Share-based Compensation, Stock Options, Activity [Line Items]
Stock Options Outstanding Range of Exercise Price		0.45
Stock Option Two [Member] | Maximum [Member]
Share-based Compensation, Stock Options, Activity [Line Items]
Stock Options Outstanding Range of Exercise Price		$ 0.93
[1]	Total number of options outstanding as of March 31, 2015 includes 180,000 options issued on March 31, 2015, 2014 and 2013 to three directors as compensation and 580,000 options issue to key employees on July 1, 2013 that were not issued from the Plan.

SHAREHOLDERS' EQUITY (Details T

SHAREHOLDERS' EQUITY (Details Textual) - $ / shares	1 Months Ended	12 Months Ended
	Jul. 31, 2013	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013	Sep. 05, 2014	Jul. 23, 2013	Jan. 24, 2013
Annual Director Compensation Plan [Member]
Shareholders' Equity [Line Items]
Common Stock, Shares, Issued					46,875	41,667	68,181
Common Stock, Par Or Stated Value Per Share					$ 0.16	$ 0.18	$ 0.11
Three directors compensation plan [Member]
Shareholders' Equity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures, Total		180,000	180,000	180,000
Key Employees [Member]
Shareholders' Equity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures, Total	580,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Current:
Federal	$ 0	$ 0	$ 0
State	0	0	0
Total current Federal and State	0	0	0
Deferred:
Federal	80,836	(675,447)	(1,412,535)
State	11,865	(103,350)	(206,924)
Total income tax provision (benefit)	$ 92,701	$ (778,797)	$ (1,619,459)

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Income before Income Tax, Domestic and Foreign [Line Items]
United States	$ 161,255	$ (62,095)	$ 92,122
Foreign	101,604	287,614	1,429,354
Net Income (Loss) before income tax benefit	$ 262,859	$ 225,519	$ 1,521,476

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Difference Between Actual Tax Expenses And Expected Tax Expenses [Line Items]
Expected tax expense	$ 89,372	$ 76,676	$ 517,302
State income taxes, net of Federal income tax benefit	(97)	7,815	25,236
Permanent differences	7,507	8,374	5,421
Deemed Dividend	37,563	108,864	537,866
Change in valuation allowance	(91,034)	(820,040)	(2,246,235)
Tax rate differential on foreign earnings	(39,272)	(111,164)	(537,866)
Prior year adjustments	88,662	(49,322)	78,817
Actual tax provision (benefit)	$ 92,701	$ (778,797)	$ (1,619,459)

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($)	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Deferred tax assets:
Federal net operating loss carryforward	$ 2,041,207	$ 2,076,141	$ 2,189,622
State net operating loss carryforward	318,830	413,401	413,849
AMT credit carryforward	52,004	36,808	36,808
Inventory differences	431,744	490,716	358,130
Allowance for doubtful accounts	67,305	66,658	67,849
Reserve for sales returns	76,482	90,895	81,082
Stock option compensation expense	74,716	59,713	0
Stock warrants	39,194	39,193	0
Accrued Vacation	9,183	10,241	9,839
Depreciation and amortization	0	0	81,739
Total deferred tax assets	3,110,665	3,283,766	3,238,918
Deferred tax liability:
Depreciation	(96,725)	(86,091)	0
Net deferred tax assets before valuation allowance	3,013,940	3,197,675	3,238,918
Valuation allowance	(708,385)	(799,419)	(1,619,459)
Net deferred tax assets	$ 2,305,555	$ 2,398,256	$ 1,619,459

INCOME TAXES (Details 4)

INCOME TAXES (Details 4) - USD ($)	Mar. 31, 2015	Mar. 31, 2014
Domestic Tax Authority [Member]
Schedule Of Operating Loss Carry forwards [Line Items]
2,016	$ 0
2,017	0
2,018	0
2,019	0
2,020	0
2021 and beyond	6,003,550
Total	6,003,550
State and Local Jurisdiction [Member]
Schedule Of Operating Loss Carry forwards [Line Items]
2,016	0
2,017	0
2,018	0
2,019	0
2,020	0
2021 and beyond	6,853,392
Total	$ 6,853,392	$ 6,900,000

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Income Taxes [Line Items]
Valuation allowance	$ 708,385	$ 799,419	$ 1,619,459
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	34.00%
Valuation Allowance, Deferred Tax Asset, Change in Amount	$ 0	800,000	1,600,000
Income Tax Expense (Benefit)	92,701	(778,797)	(1,619,459)
Deferred Income Tax Asset Liability Net	3,013,940	3,197,675	$ 3,238,918
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Provision for Loan Losses	100,000
Deferred Tax Asset Decrease, Amount	91,000
Domestic Tax Authority [Member]
Income Taxes [Line Items]
Operating Loss Carryforwards	$ 6,003,550
Operating Loss Carry Forwards Expiration Period	expire beginning in the year 2027
State and Local Jurisdiction [Member]
Income Taxes [Line Items]
Operating Loss Carryforwards	$ 6,853,392	$ 6,900,000
Operating Loss Carry Forwards Expiration Period	expire beginning in fiscal 2025

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended												12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Segment Reporting Information [Line Items]
Net Sales	$ 2,725,000	$ 18,086,000	$ 15,952,000	$ 2,545,000	$ 2,316,000	$ 16,815,000	$ 10,835,000	$ 1,414,000	$ 1,682,000	$ 16,617,000	$ 14,376,000	$ 1,763,000	$ 39,308,281	$ 31,379,629	$ 34,437,774
North America [Member]
Segment Reporting Information [Line Items]
Net Sales													38,251,520	31,379,629	34,068,559
Europe [Member]
Segment Reporting Information [Line Items]
Net Sales													810,049	0	369,215
Australia [Member]
Segment Reporting Information [Line Items]
Net Sales														0	0
Others [Member]
Segment Reporting Information [Line Items]
Net Sales														$ 0	$ 0
Geographic Three [Member]
Segment Reporting Information [Line Items]
Net Sales													212,400
Geographic Four [Member]
Segment Reporting Information [Line Items]
Net Sales													$ 34,312

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Administrative Expenses	$ 36,802	$ 27,869	$ 30,589

CONCENTRATIONS OF CREDIT RISK60

CONCENTRATIONS OF CREDIT RISK, CUSTOMERS, AND SUPPLIERS (Details Textual) - USD ($)	3 Months Ended												12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Concentration Risk [Line Items]
Concentration Risk, Percentage													8.10%	8.00%	8.80%
Sales Revenue, Goods, Net	$ 2,725,000	$ 18,086,000	$ 15,952,000	$ 2,545,000	$ 2,316,000	$ 16,815,000	$ 10,835,000	$ 1,414,000	$ 1,682,000	$ 16,617,000	$ 14,376,000	$ 1,763,000	$ 39,308,281	$ 31,379,629	$ 34,437,774
Total Product Purchases Percentage													100.00%	100.00%	100.00%
North America [Member]
Concentration Risk [Line Items]
Sales Revenue, Goods, Net													$ 38,251,520	$ 31,379,629	$ 34,068,559
Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage													75.00%	40.00%
Total Five Customers [Member] | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage													77.00%	74.00%	66.00%
Customer One [Member] | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage													27.00%	20.00%	11.00%
Customer One [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage														29.00%
Customer One [Member] | Accounts Receivable [Member] | North America [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage													61.00%
Customer Two [Member] | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage													26.00%	17.00%	11.00%
Customer Two [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage														11.00%
Customer Two [Member] | Accounts Receivable [Member] | North America [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage													14.00%
Customer Three [Member] | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage													23.00%	21.00%	13.00%
Macau [Member]
Concentration Risk [Line Items]
Sales Revenue, Goods, Net													$ 5,000,000	$ 9,300,000	$ 12,500,000

QUARTERLY FINANCIAL DATA - UN61

QUARTERLY FINANCIAL DATA - UNAUDITED (Details) - USD ($)	3 Months Ended												12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Quarterly Financial Data [Line Items]
Sales	$ 2,725,000	$ 18,086,000	$ 15,952,000	$ 2,545,000	$ 2,316,000	$ 16,815,000	$ 10,835,000	$ 1,414,000	$ 1,682,000	$ 16,617,000	$ 14,376,000	$ 1,763,000	$ 39,308,281	$ 31,379,629	$ 34,437,774
Gross Profit	581,000	4,052,000	3,162,000	516,000	296,000	4,107,000	2,403,000	301,000	132,000	4,022,000	3,471,000	444,000	8,311,070	7,106,591	8,068,829
Net Earnings (Loss)	$ (685,000)	$ 1,034,000	$ 321,000	$ (500,000)	$ 400,000	$ 821,000	$ 324,000	$ (541,000)	$ 789,000	$ 1,397,000	$ 1,435,000	$ (480,000)	$ 170,158	$ 1,004,316	$ 3,140,935
Basic Earnings (Loss) Per Share (in dollars per share)	$ (0.02)	$ 0.03	$ 0.01	$ (0.01)	$ 0.01	$ 0.02	$ 0.01	$ (0.01)	$ 0.01	$ 0.04	$ 0.04	$ (0.01)	$ 0	$ 0.03	$ 0.08
Diluted Earnings (Loss) Per Share (in dollars per share)	$ (0.02)	$ 0.03	$ 0.01	$ (0.01)	$ 0.01	$ 0.02	$ 0.01	$ (0.01)	$ 0.01	$ 0.04	$ 0.04	$ (0.01)	$ 0	$ 0.03	$ 0.08

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Related Party Transaction [Line Items]
Related Party Gross Margin Percentage (in percentage)	17.90%	16.20%
Warehouse space Square Foot Value	$ 0.096
Shihua Group [Member] | Fiscal 2015 [Member]
Related Party Transaction [Line Items]
Percentage Of Karaoke Products Owned By Factories	20.00%
Starlight Electronics Co., Ltd [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Other Revenues from Transactions with Related Party	$ 285,000	$ 1,861,000
Related Party Gross Margin Percentage (in percentage)	16.50%	14.80%
Reimbursement Paid	$ 144,000	$ 145,000
Licenses Revenue	181,000	0
Starlight Consumer Electronics USA, Inc [Member]
Related Party Transaction [Line Items]
Related Party Purchases From Related Party Transaction One	1,640,000	8,012,000
Reimbursement Revenue	60,000	60,000
Interest Expense, Related Party	$ 4,000	0
Interest Rate On Goods And Services	6.00%
Star Fair Electronics Co Ltd [Member]
Related Party Transaction [Line Items]
Related Party Purchases From Related Party Transaction One	$ 0	873,000
Starlight Rd, Ltd [Member]
Related Party Transaction [Line Items]
Related Party Purchases From Related Party Transaction One	4,626,000	0
Interest Expense, Related Party	$ 18,000	0
Interest Rate On Goods And Services	6.00%
Related Party Purchases Of Services From Related Party Transaction	$ 49,000	2,000
Starlight Group [Member] | Fiscal 2016 [Member]
Related Party Transaction [Line Items]
Percentage Of Total Manufactured Products	20.00%
Cosmo Communications Canada [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Revenues from Transactions with Related Party	$ 272,000	1,318,000
Winglight Pacific, Ltd [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Revenues from Transactions with Related Party	$ 1,249,000	$ 0
Related Party Gross Margin Percentage (in percentage)	16.20%	0.00%
Starlight USA, Cosmo And SEC [Member]
Related Party Transaction [Line Items]
Proceeds from Fees Received	$ 0	$ 330,000
Warehouse space Square Foot Value	0.50
Reimbursement Revenue	$ 141,000	$ 0
Warehouse Space Per Pallet	$ 8
Starlight USA, Cosmo And SEC [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Reimbursement Revenue	$ 100,000

WARRANTY PROVISIONS (Details)

WARRANTY PROVISIONS (Details) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Warranty Provisions [Line Items]
Estimated return and allowance liabilities at beginning of period	$ 235,172	$ 215,471
Costs accrued for new estimated returns and allowances	892,051	826,577
Return and allowance obligations honored	(929,350)	(806,876)
Estimated return and allowance liabilities at end of period	$ 197,873	$ 235,172

WARRANTY PROVISIONS (Details Te

WARRANTY PROVISIONS (Details Textual)	12 Months Ended
	Mar. 31, 2015
Warranty Provisions [Line Items]
Standard Product Warranty Description	Customers are either allowed to return defective goods within a specified period of time after shipment (between 6 and 9 months) or granted a defective allowance consisting of a fixed percentage (between 1% and 5%) off of invoice price in lieu of returning defective products.

SUBORDINATED RELATED PARTY DE65

SUBORDINATED RELATED PARTY DEBT (Details Textual) - USD ($)	Mar. 31, 2015	Mar. 31, 2014
Ram Light Management, Ltd [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Total		$ 1,683,247
Starlight Marketing Development, Ltd [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Total	$ 1,924,431	$ 816,753

SUPPLEMENTAL DATA SCHEDULE II (

SUPPLEMENTAL DATA SCHEDULE II (Details) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Allowance for Doubtful Accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance Beginning of Period	$ 172,465	$ 180,306	$ 168,554
Charged to Costs and Expenses	43,243	0	0
Reduction to Allowance for Write off	(40,291)	(15,807)	(8,248)
Credited to Costs and Expenses	(1,286)	7,966	20,000
Balance at End of Period	174,131	172,465	180,306
Deferred Tax Valuation Allowance [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance Beginning of Period	799,419	1,619,459	3,865,695
Charged to Costs and Expenses	0	0	(626,777)
Reduction to Allowance for Write off	(91,034)	(820,040)	(1,619,459)
Credited to Costs and Expenses	0	0	0
Balance at End of Period	708,385	799,419	1,619,459
Inventory Reserve [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance Beginning of Period	638,000	503,000	663,000
Charged to Costs and Expenses	250,000	160,000	104,175
Reduction to Allowance for Write off	(467,000)	(25,000)	(264,175)
Credited to Costs and Expenses	0	0	0
Balance at End of Period	$ 421,000	$ 638,000	$ 503,000