v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Mar. 31, 2012
Current Assets:    
Cash and cash equivalents $ 991,645 $ 4,683,186
Accounts receivable, net 736,775 2,055,162
Advances on inventory purchases 667,090 304,702
Inventories 3,080,952 1,561,314
Note receivable 500,000   
Debt issuance costs, net 153,412   
Prepaid expenses and other current assets 603,440 262,163
Total current assets 6,733,314 8,866,527
Certificate of deposit - non current 50,298 50,000
Property, plant and equipment, net 118,188 140,000
Intangible assets 2,839,216   
Deposit on asset acquisition    729,450
Other non-current assets 2,185   
Total Assets 9,743,201 9,785,977
Current Liabilities:    
Accounts payable 859,100 433,591
Deferred revenue 3,750 33,750
Accrued registration rights penalty 156,000 156,000
Accrued expenses and other current liabilities 430,281 601,695
Notes payable - current portion 710,306 28,737
Warrant liability 21,227,942 25,797,615
Total current liabilities 23,387,379 27,051,388
Other liabilities - non current 40,000   
Total liabilities 23,427,379 27,051,388
Commitments and contingencies      
Stockholders' equity (deficiency):    
Preferred stock, $.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at September 30, 2012 and March 31, 2012, respectively.      
Common stock, $.0001 par value; 750,000,000 shares authorized and 32,370,784 and 31,970,784 issued and outstanding at September 30, 2012 and March 31, 2012, respectively. 3,237 3,197
Additional paid-in capital 1,396,146   
Accumulated deficit (15,083,561) (17,268,608)
Total stockholders' equity (deficiency) (13,684,178) (17,265,411)
Total liabilities and stockholders' equity (deficiency) $ 9,743,201 $ 9,785,977