v2.3.0.11
Consolidated Balance Sheets (Unaudited) (USD $)
Jun. 30, 2011
Mar. 31, 2011
CURRENT ASSETS:    
Cash $ 58,257 $ 51,386
Receivables-trade 405,658 196,424
Receivables-other   208,600
Current portion of deferred financing charges   314,913
Prepaid expenses and other current assets 187,452 191,533
Total current assets 651,367 962,856
Property, plant, equipment, net 13,198,136 13,542,885
TOTAL ASSETS 13,849,503 14,505,741
CURRENT LIABILITIES:    
Accounts payable 1,813,278 1,746,155
Accounts payable-related parties 29,699 10,527
Accrued liabilities 157,538 149,073
Deferred revenue 85,179 215,234
Liabilities-disposal of asset 113,686 410,431
Current portion of related party long-term convertible debt loans   250,000
Current portion of long-term convertible debt loans   4,501,033
Derivative liabilities of convertible debt loans 4,097,516 1,397,911
Current portion of long-term bank loans 1,173,864 1,271,686
Total current liabilities 7,470,760 9,952,050
Bank loans 2,641,194 2,934,660
Related party convertible debt loans, net of discount of $641,390 and $0 33,610  
Convertible debt loans, net of discount of $3,873,077 and $0 202,956  
Total long-term liabilities 2,877,760 2,934,660
TOTAL LIABILITIES 10,348,520 12,886,710
STOCKHOLDERS' EQUITY    
Common stock - 200,000,000 shares authorized, $0.001 par value: 55,606,774 and 54,792,114 issued, outstanding at June 30, 2011 and March 31, 2011, respectively 55,607 54,792
Additional paid-in capital 8,129,804 8,011,658
Accumulated deficit (4,684,428) (6,447,419)
TOTAL STOCKHOLDERS' EQUITY 3,500,983 1,619,031
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 13,849,503 $ 14,505,741