v2.4.0.6
Consolidated Balance Sheets (Unaudited) (USD $)
Jun. 30, 2012
Mar. 31, 2012
CURRENT ASSETS:    
Cash $ 332,944 $ 190,334
Receivables-trade 209,766 386,668
Receivables-other 47,556 50,567
Current portion of intangible assets, net 140,191 210,214
Prepaid expenses and other current assets 276,445 237,780
Total current assets 1,006,902 1,075,563
Property, plant, equipment, net 18,120,679 16,473,674
Intangible assets, net 45,174 46,894
TOTAL ASSETS 19,172,755 17,596,131
CURRENT LIABILITIES:    
Accounts payable 2,008,357 1,320,305
Accounts payable-related parties 68,876 60,763
Accrued liabilities 218,072 204,582
Deferred revenue   114,334
Derivative liabilities of convertible debt loans 4,522,468 3,520,496
Current portion of long-term bank loans 1,903,189 1,551,864
Total current liabilities 8,720,962 6,772,344
Bank loans 3,295,889 3,390,868
Related party convertible debt loans, net of discount of $597,386 and $620,291 77,614 54,709
Convertible debt loans, net of discount of $3,607,352 and $3,745,668 468,681 330,365
Total long-term liabilities 3,842,184 3,775,942
TOTAL LIABILITIES 12,563,146 10,548,286
STOCKHOLDERS' EQUITY    
Preferred stock - 20,000,000 "blank check" preferred shares, issuable in one or more series, no shares issued and outstanding 0 0
Common stock - 200,000,000 shares authorized, $0.001 par value: 56,476,186 and 56,476,186 issued, outstanding at June 30, 2012 and March 31, 2012, respectively 56,476 56,476
Additional paid-in capital 8,411,476 8,398,943
Accumulated deficit (1,858,343) (1,407,574)
TOTAL STOCKHOLDERS' EQUITY 6,609,609 7,047,845
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 19,172,755 $ 17,596,131