v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2011
Mar. 31, 2011
Current Assets:    
Cash and cash equivalents $ 7,097,285 $ 35,502
Accounts receivable, net 1,146,572 82,238
Advances on inventory purchases 2,134,298   
Inventories 1,485,639 1,107
Deferred offering costs    63,500
Prepaid expenses and other current assets 394,597 46,370
Total current assets 12,258,391 228,717
Investments, at cost 150,000 150,000
Property, plant and equipment, net 149,148 92,732
Deposit on asset acquisition 719,192   
Total Assets 13,276,731 471,449
Current Liabilities:    
Accounts payable 1,316,670 332,833
Notes payable officer    91,219
Deferred revenue 68,250 88,652
Accrued interest related parties 1,284 2,354
Accrued registration rights penalty 156,000 156,000
Accrued expenses and other current liabilities 309,434 108,326
Notes Payable - Current Portion 47,342 9,714
Warrant liability 30,838,629 4,117,988
Total current liabilities 32,737,609 4,907,086
Stockholders' equity (deficit):    
Preferred stock, $.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at December 31, 2011 and March 31, 2011, respectively.      
Common stock, $.002 par value; 750,000,000 shares authorized at December 31, 2011 and 400,000,000 shares authorized at March 31, 2011, respectively, and; 30,970,784 and 10,886,374 issued and outstanding at December 31, 2011 and March 31, 2011, respectively. 3,197 1,089
Additional paid-in capital    3,460,597
Accumulated deficit (19,464,075) (7,897,323)
Total stockholders' equity (deficit) (19,460,878) (4,435,637)
Total liabilities and stockholders' deficit $ 13,276,731 $ 471,449