v2.4.0.6
Consolidated Balance Sheets (USD $)
Mar. 31, 2012
Mar. 31, 2011
CURRENT ASSETS:    
Cash $ 190,334 $ 51,386
Receivables-trade 386,668 196,424
Receivables-other 50,567 208,600
Current portion of deferred financing charges   314,913
Current portion of intangible assets, net 210,214  
Prepaid expenses and other current assets 237,780 191,533
Total current assets 1,075,563 962,856
Property, plant, equipment, net 16,473,674 13,542,885
Intangible assets, net 46,894  
TOTAL ASSETS 17,596,131 14,505,741
CURRENT LIABILITIES:    
Accounts payable 1,320,305 1,746,155
Accounts payable-related parties 60,763 10,527
Accrued liabilities 204,582 149,073
Deferred revenue 114,334 215,234
Liabilities-disposal of asset   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 3,520,496 1,397,911
Current portion of long-term bank loans 1,551,864 1,271,686
Total current liabilities 6,772,344 9,952,050
Bank loans 3,390,868 2,934,660
Related party convertible debt loans, net of discount of $620,291 and $0 54,709  
Convertible debt loans, net of discount of $3,745,668 and $0 330,365  
Total long-term liabilities 3,775,942 2,934,660
TOTAL LIABILITIES 10,548,286 12,886,710
STOCKHOLDERS' EQUITY    
Common stock - 200,000,000 shares authorized, $0.001 par value: 56,476,186 and 54,792,114 issued, outstanding at March 31, 2012 and March 31, 2011, respectively 56,476 54,792
Additional paid-in capital 8,398,943 8,011,658
Accumulated deficit (1,407,574) (6,447,419)
TOTAL STOCKHOLDERS' EQUITY 7,047,845 1,619,031
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 17,596,131 $ 14,505,741