v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
 12 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 5,039,845 $ 1,003,842
Depreciation 672,283 565,102
Amortization of intangible assets 79,457  
Amortization of deferred financing fees & convertible loan discounts 273,473 428,943
Net loss on disposal of assets 362,110 164,534
Net gain on bargain purchase of assets (970,000) (100,000)
Net gain on extinguishment of convertible debt loans (1,399,940)  
Net gain on change in fair market value of derivative liabilities (801,995) (503,141)
Stock based compensation 388,969 725,562
Accounts receivable-trade (190,244) (146,704)
Accounts receivable-other 158,033 (208,600)
Prepaid expenses (70,182) 87,003
Inventory 23,934 (25,929)
Deferred revenue (100,900) (189,950)
Accounts payable and accruals (1,021,742) (795,414)
Net cash provided by operating activities 2,443,101 1,005,248
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (1,440,539) (2,041,235)
Net cash provided by investing activities (3,040,539) (3,841,235)
CASH FLOWS FROM FINANCING ACTIVITES:    
Proceeds from bank loan 2,008,072 1,816,160
Payments on bank loan (1,271,686) (949,314)
Net cash provided by financing activities 736,386 866,846
NET CHANGE IN CASH FOR THE PERIOD 138,948 (1,969,141)
CASH AT BEGINNING OF PERIOD 51,386 2,020,527
CASH AT END OF PERIOD 190,334 51,386
SUPPLEMENTAL CASH FLOW DISCLOSURES    
Cash paid for interest 672,297 689,812
Construction in process included in accounts payable 406,208 1,013,619
Barge dock exchanged for accounts payable 115,000  
Shares issues in cashless exercises 1,359  
Debt discount related to derivative liabilities 4,516,240  
Brunswick, GA Terminal [Member]
    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Terminal   (1,800,000)
Salisbury, MD Terminal [Member]
    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Terminal $ (1,600,000)