v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2011
Mar. 31, 2011
Mar. 31, 2010
Current Assets:      
Cash and cash equivalents $ 7,097,285 $ 35,502 $ 74,991
Accounts receivable, net 1,146,572 82,238 5,830
Advances on inventory purchases 2,134,298    140,961
Inventories 1,485,639 1,107 46,188
Deferred offering costs    63,500   
Prepaid expenses and other current assets 394,597 46,370 65,170
Total current assets 12,258,391 228,717 333,140
Investments, at cost 150,000 150,000 90,000
Property, plant and equipment, net 149,148 92,732 29,685
Deposit on asset acquisition 719,192     
Total Assets 13,276,731 471,449 452,825
Current Liabilities:      
Accounts payable 1,316,670 332,833 66,441
Notes payable officer    91,219 107,513
Deferred revenue 68,250 88,652 86,450
Accrued interest related parties 1,284 2,354 2,321
Accrued registration rights penalty 156,000 156,000   
Accrued expenses and other current liabilities 309,434 108,326 61,050
Notes Payable - Current Portion 47,342 9,714 737,500
Warrant liability 30,838,629 4,117,988   
Total current liabilities 32,737,609 4,907,086 1,061,275
Commitments and contingencies         
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 and 2010, respectively.         
Common stock, $.0001 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, 10,886,374 and 7,909,375 shares issued and outstanding at December 31, 2011, March 31, 2011 and 2010, respectively. 3,197 1,089 15,819
Additional paid-in capital    3,460,597 293,556
Accumulated deficit (19,464,075) (7,897,323) (917,825)
Total stockholders' equity (deficit) (19,460,878) (4,435,637) (608,450)
Total liabilities and stockholders' deficit $ 13,276,731 $ 471,449 $ 452,825