Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Mar. 31, 2012
Mar. 31, 2011
ASSETS    
Cash and cash equivalents $ 1,914,877 $ 1,689,386
Accounts receivable, net 4,236,240 2,294,780
Marketable securities-available for sale 840 3,306
Inventories 1,968,740 1,300,047
Deferred tax asset 12,569 0
Prepaid expenses 10,202 885
Total Current Assets 8,143,468 5,288,404
PROPERTY AND EQUIPMENT, net 1,982,290 710,460
TOTAL ASSETS 10,125,758 5,998,864
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 645,215 206,582
Accrued liabilities 251,137 36,137
Income taxes payable 597,830 243,364
Total Current Liabilities 1,494,182 486,083
TOTAL LIABILITIES 1,494,182 486,083
STOCKHOLDERS' EQUITY    
Preferred shares: $0.001 par value, 10,000,000 shares authorized: no shares issues and outstanding 0 0
Common shares: $0.001 par value,100,000,000 shares authorized: 45,000,000 shares issues and outstanding 45,000 45,000
Additional paid-in capital 74,343 (6,187)
Accumulated other comprehensive income 484,692 634,198
Retained earnings 8,027,541 4,839,770
Total Stockholders' Equity 8,631,576 5,512,781
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,125,758 $ 5,998,864